Third Coast Bancshares price target raised to $39 from $33 at Stephens

Stephens raised the firm’s price target on Third Coast Bancshares (TCBX) to $39 from $33 and keeps an Overweight rating on the shares after Q3 results were highlighted by better net interest income, higher fees, lower operating expenses and lower LLP expense. Following the report, the firm is positively revising its 2025 and 2026 EPS forecast by 11% and 7%, respectively, the analyst noted.