Third Coast Bancshares price target raised to $39 from $34 at Raymond James

Raymond James analyst Michael Rose raised the firm’s price target on Third Coast Bancshares (TCBX) to $39 from $34 and keeps an Outperform rating on the shares. Results were broadly stronger than expected, reflecting stronger net interest income growth, ongoing fee income momentum, improved core efficiency, and continued benign credit trends, the analyst tells investors in a research note. The firm continues to view risk-reward positively.