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Fly News Breaks for September 16, 2019
BANC
Sep 16, 2019 | 08:23 EDT
Raymond James analyst Donald Worthington to Market Perform from Outperform following the company's announcement of a $35M provision for loan losses and a $1.1M swap charge that was impacted by an alleged fraudulent scheme perpetrated by certain third parties that was discovered by the SEC. The analyst recommends moving to the sidelines until the noise dissipates and there is more clarity on the timing of normalized profitability metrics.
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