Have Third Coast Bancshares Insiders Been Selling Stock?

Investors may wish to note that the Independent Director of Third Coast Bancshares, Inc., Troy Glander, recently netted US$63k from selling stock, receiving an average price of US$36.96. On the bright side, that's just a small sale and only reduced their holding by 5.6%.

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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 Senior EVP & CFO R. McWhorter bought US$292k worth of shares at a price of US$29.74 per share. We do like to see buying, but this purchase was made at well below the current price of US$37.51. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

Happily, we note that in the last year insiders paid US$876k for 28.57k shares. But they sold 6.71k shares for US$252k. In the last twelve months there was more buying than selling by Third Coast Bancshares insiders. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for Third Coast Bancshares

Third Coast Bancshares is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of Third Coast Bancshares

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Third Coast Bancshares insiders own 8.9% of the company, worth about US$45m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Third Coast Bancshares Tell Us?

An insider sold stock recently, but they haven't been buying. In contrast, they appear keener if you look at the last twelve months. We like that insiders own a fair amount of the company. So we're not overly bothered by recent selling. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 1 warning sign for Third Coast Bancshares you should know about.

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.