Potential Third Coast Bancshares, Inc. (NASDAQ:TCBX) shareholders may wish to note that the Senior EVP & CFO, R. McWhorter, recently bought US$292k worth of stock, paying US$29.21 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 3.7%.

We check all companies for important risks. See what we found for Third Coast Bancshares in our free report.

Third Coast Bancshares Insider Transactions Over The Last Year

Notably, that recent purchase by R. McWhorter is the biggest insider purchase of Third Coast Bancshares shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$29.80. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.

Over the last year, we can see that insiders have bought 27.75k shares worth US$748k. On the other hand they divested 2.00k shares, for US$75k. 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 click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See 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.

Does Third Coast Bancshares Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Third Coast Bancshares insiders own about US$32m worth of shares. That equates to 7.7% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Third Coast Bancshares Insider Transactions Indicate?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of Third Coast Bancshares we think they are probably pretty confident of a bright future. 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.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.