Third Coast downgraded to Market Perform from Outperform at Keefe Bruyette

Keefe Bruyette analyst Wood Lay downgraded Third Coast Bancshares (TCBX) to Market Perform from Outperform with a price target of $42, up from $40, post the Q4 report. The firm cites valuation for the downgrade, saying the shares now better reflect Third Coast’s improved fundamentals.