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Third Coast Bancshares Inc has a consensus price target of $24.38 based on the ratings of 8 analysts. The high is $28 issued by Keefe, Bruyette & Woods on July 29, 2024. The low is $20 issued by Stephens & Co. on October 27, 2023. The 3 most-recent analyst ratings were released by Deutsche Bank, Keefe, Bruyette & Woods, and Raymond James on July 29, 2024, July 29, 2024, and January 29, 2024, respectively. With an average price target of $25.33 between Deutsche Bank, Keefe, Bruyette & Woods, and Raymond James, there's an implied -26.74% downside for Third Coast Bancshares Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Third Coast Bancshares (NASDAQ:TCBX) was reported by Deutsche Bank on July 29, 2024. The analyst firm set a price target for $26.00 expecting TCBX to fall to within 12 months (a possible -24.81% downside). 4 analyst firms have reported ratings in the last year.
The latest analyst rating for Third Coast Bancshares (NASDAQ:TCBX) was provided by Deutsche Bank, and Third Coast Bancshares maintained their hold rating.
The last upgrade for Third Coast Bancshares Inc happened on July 28, 2023 when Raymond James raised their price target to $23. Raymond James previously had a market perform for Third Coast Bancshares Inc.
The last downgrade for Third Coast Bancshares Inc happened on October 6, 2022 when Raymond James changed their price target from N/A to N/A for Third Coast Bancshares Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Third Coast Bancshares, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Third Coast Bancshares was filed on July 29, 2024 so you should expect the next rating to be made available sometime around July 29, 2025.
While ratings are subjective and will change, the latest Third Coast Bancshares (TCBX) rating was a maintained with a price target of $22.00 to $26.00. The current price Third Coast Bancshares (TCBX) is trading at is $34.58, which is out of the analyst’s predicted range.
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