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Fly News Breaks for June 18, 2018
PB
Jun 18, 2018 | 08:58 EDT
DA Davidson analyst Gary Tenner lowered his price target on Prosperity Bancshares to $70 and kept his Neutral rating. The analyst notes that while the bank remains a "significant player among Texas-domiciled institutions" with 3rd largest deposit share in the state, its loan growth has been challenging at just 2% while the loan-deposit ratio has been mired below 60%. Tenner further notes the threat of the flatter yield curve toward the bank's net interest margins.
News For PB From the Last 2 Days
