Raymond James downgrades Third Coast to "market perform" on growth slowdown
ReutersApr 2, 2025 1:38 PM
Brokerage Raymond James downgrades Texas lender Third Coast Bancshares TCBX.O to "market perform" from "outperform"
Says co's growth trajectory is poised to slow after significantly outpacing its peers in recent years
"We believe investor caution around its relatively untested balance sheet/underwriting could weigh on shares if credit comes back into focus," brokerage says
As of last close, TCBX shares down 3.6% YTD, compared with a 4.2% decline in S&P 500 .SPX index
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