Third Coast Bancshares Insiders Added US$696.6k Of Stock To Their Holdings
When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Third Coast Bancshares, Inc.'s (NASDAQ:TCBX) instance, it's good news for shareholders.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
See our latest analysis for Third Coast Bancshares
The Last 12 Months Of Insider Transactions At Third Coast Bancshares
In the last twelve months, the biggest single purchase by an insider was when Chief Financial Officer R. McWhorter bought US$317k worth of shares at a price of US$14.45 per share. We do like to see buying, but this purchase was made at well below the current price of US$19.71. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Third Coast Bancshares insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership Of Third Coast Bancshares
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 7.0% of Third Coast Bancshares shares, worth about US$19m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Third Coast Bancshares Insiders?
The fact that there have been no Third Coast Bancshares insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Overall we don't see anything to make us think Third Coast Bancshares insiders are doubting the company, and they do own shares. Of course, the future is what matters most. So if you are interested in Third Coast Bancshares, you should check out this free report on analyst forecasts for the company.
But note: Third Coast Bancshares may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
