Third Coast Bancshares rises after Piper Sandler starts coverage with 'overweight'

Third Coast Bancshares

27/08/2026 18:57

** Shares of Third Coast Bancshares TCBX.N rise 2.3% to $45.4 after Piper Sandler initiates coverage with "overweight" rating
** Brokerage sets a $53 price target, implying about 20% upside to the stock's last close
** Piper Sandler says TCBX's strong growth profile should help drive above-peer earnings growth and share-price performance as industry net interest margins approach cycle highs
** Adds further upside could come from improvements in the deposit base and additional M&A activity that strengthens funding
** Three of five analysts rate stock "strong buy" or "buy" and two "hold"; their median PT is $48 - data compiled by LSEG
** Including session's move, stock up 19.3% YTD

 (Reporting by Pragyan Kalita in Bengaluru)
 ((Pragyan.Kalita@thomsonreuters.com;))