Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Third Coast Bancshares Inc shares valued at $51,228 were purchased by Bobbora William on Dec 05 ’24. At $35.33 per share, Bobbora William acquired 1,450 shares. The insider’s holdings grew to 6,050 shares worth approximately $0.2 million following the completion of this transaction.
Also, Bobbora William purchased 2,500 shares, netting a total of over 52,500 in proceeds. Following the buying of shares at $21.00 each, the insider now holds 39,639 shares.
Before that, Bobbora William had added 1,500 shares to its account. In a trade valued at $30,270, the insider bought Third Coast Bancshares Inc shares for $20.18 each. Upon closing the transaction, the insider’s holdings increased to 1,500 shares, worth approximately $1.2 million.
As published in their initiating research note from Keefe Bruyette on January 11, 2024, Third Coast Bancshares Inc [TCBX] has been an Outperform and the price target has been revised to $26. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late July. As of October 06, 2022, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for TCBX. Earlier on June 03, 2022, Raymond James initiated its rating. Their recommendation was “an Outperform” for TCBX stock.
Analyzing TCBX Stock Performance
During the last five days, there has been a drop of approximately -4.95%. Over the course of the year, Third Coast Bancshares Inc shares have dropped approximately -4.95%. Shares of the company reached a 52-week high of $34.23 on 01/02/25 and a 52-week low of $31.75 on 01/08/25. A 50-day SMA is recorded $34.61, while a 200-day SMA reached $25.60. Nevertheless, trading volume fell to 67642.0 shares from 61800.0 shares the previous day.
Support And Resistance Levels for Third Coast Bancshares Inc (TCBX)
According to the 24-hour chart, there is a support level at 31.84, which, if violated, would cause prices to drop to 31.40. In the upper region, resistance lies at 32.62. The next price resistance is at 32.97. RSI (Relative Strength Index) is 36.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.13, which suggests the price will decrease in the coming days. Percent R is at 90.04%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
