Is Third Coast Bancshares Inc (TCBX) Stock About to Get Hot Tuesday?

Third Coast Bancshares Inc (TCBX) stock has gained 8.13% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Third Coast Bancshares Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TCBX!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With TCBX Stock Today?

Third Coast Bancshares Inc (TCBX) stock is trading at $20.36 as of 2:29 PM on Tuesday, Aug 16, an increase of $1.08, or 5.6% from the previous closing price of $19.28. The stock has traded between $18.86 and $20.42 so far today. Volume today is 32,072 compared to average volume of 33,870. To see InvestorsObserver's Sentiment Score for Third Coast Bancshares Inc click here.

More About Third Coast Bancshares Inc

Third Coast Bancshares Inc is a bank holding company. It focuses on providing commercial banking solutions to small and medium-sized businesses and professionals with operations in its markets. The bank operates eleven branches in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets, and one branch in Detroit, Texas. Click Here to get the full Stock Report for Third Coast Bancshares Inc stock.