An analyst from Keefe Bruyette, Woody Lay, has revised the price target for Third Coast Bancshares (TCBX, Financial), adjusting it downwards from $39 to $36. Despite this revision, the analyst maintains a Market Perform rating for the company's shares.
The adjustment in the price target reflects a reevaluation of the firm's prospects, although the consistent Market Perform rating indicates a stable expectation for the stock's performance relative to market peers. Investors might find this information crucial as they assess the potential risks and returns associated with holding TCBX shares.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Third Coast Bancshares Inc (TCBX, Financial) is $35.34 with a high estimate of $39.00 and a low estimate of $28.34. The average target implies an upside of 21.51% from the current price of $29.08. More detailed estimate data can be found on the Third Coast Bancshares Inc (TCBX) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Third Coast Bancshares Inc's (TCBX, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Third Coast Bancshares Inc (TCBX, Financial) in one year is $24.16, suggesting a downside of 16.92% from the current price of $29.08. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Third Coast Bancshares Inc (TCBX) Summary page.
