In a report released yesterday, Wood Lay from KBW maintained a Buy rating on Third Coast Bancshares (TCBX – Research Report), with a price target of $26.00. The company’s shares closed yesterday at $19.73.
According to TipRanks, Lay is a 2-star analyst with an average return of 0.3% and a 63.64% success rate. Lay covers the Financial sector, focusing on stocks such as Bok Financial, Hilltop Holdings, and Sierra Bancorp.
Currently, the analyst consensus on Third Coast Bancshares is a Moderate Buy with an average price target of $23.00.
The company has a one-year high of $21.50 and a one-year low of $12.31. Currently, Third Coast Bancshares has an average volume of 33.59K.
Based on the recent corporate insider activity of 34 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. Last month, Troy Andrew Glander, a Director at TCBX bought 5,000.00 shares for a total of $55,000.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Third Coast Bancshares (TCBX) Company Description:
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.
Read More on TCBX:
- Third Coast Bancshares, Inc. Reports 2024 First Quarter Financial Results
- Third Coast Bancshares, Inc. Declares Quarterly Cash Dividend on its 6.75% Series A Convertible Non-Cumulative Preferred Stock
- Third Coast Bancshares Boosts CFO Severance Package
- Third Coast Bancshares Shifts to Texas Banking Association
- Third Coast Bancshares announces conversion to state-chartered bank
