Stephens analyst Matt Olney reiterated a Buy rating on Third Coast Bancshares (TCBX – Research Report) today and set a price target of $20.00. The company’s shares opened today at $13.06.
According to TipRanks, Olney is a 3-star analyst with an average return of 1.3% and a 44.19% success rate. Olney covers the Financial sector, focusing on stocks such as Cadence Bank, Third Coast Bancshares, and Bank OZK.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Third Coast Bancshares with a $20.50 average price target, a 56.97% upside from current levels. In a report released today, Piper Sandler also assigned a Buy rating to the stock with a $21.00 price target.
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TCBX market cap is currently $175.7M and has a P/E ratio of 10.35.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TCBX in relation to earlier this year.
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Third Coast Bancshares Inc is a bank holding company operating primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets through its wholly owned subsidiary.
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