Third Coast Bancshares price target lowered to $39 from $44 at Stephens

Stephens lowered the firm’s price target on Third Coast Bancshares (TCBX) to $39 from $44 and keeps an Overweight rating on the shares. Given macro uncertainty, the firm’s updated forecast assumes a more conservative view of loan growth, now at the midpoint of management’s 5%-8% year-over-year guidance, the analyst tells investors.