Third Coast Bancshares Inc (TCBX) PT Raised to $56 at StoneX on Great Plains Bancshares Deal

StoneX analyst Brett Rabatin raised the price target on Third Coast Bancshares Inc (NASDAQ: TCBX) to $56.00 (from $54.00) while maintaining a Buy rating.

The analyst commented, "Following the announcement of TCBX acquiring Great Plains Bancshares, Inc. (or “GPB”) for ~$240M, we believe slight under-performance yesterday is an opportunity given the solid merits of the deal, while acknowledging some NT dilution to TBVPS and several questions the market wrestled with post announcement (which we go into detail on below). The bottom line is as we got through all the details, the more we liked the transaction, and TCBX remains our top idea in Texas – we also believe upcoming 3Q26E metrics will be a solid net positive."

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