Raymond James lowered the firm’s price target on Prosperity Bancshares (PB) to $75 from $80 and keeps an Outperform rating on the shares. Quarterly results for the banks should reflect relatively solid loan growth, further net interest margin expansion, while several fee lines of business should prove to be relatively solid, expense trends remain in check, and capital return is expected to trend positively, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PB:
- Prosperity Bancshares Announces Merger with Southwest Bancshares
- Prosperity Bancshares to acquire Southwest Bancshares
- Prosperity Bancshares initiated with a Buy at TD Cowen
- Broadcom initiated, Beyond Meat downgraded: Wall Street’s top analyst calls
- Prosperity Bancshares downgraded to Neutral from Buy at Citi