Keefe, Bruyette and Woods Downgrades Prosperity Bancshares (PRSP) to Market Perform
More News related to PRSP
- Regional Banks Refusing TARP Funds (BXS, CFR, FCF, HCBK, PRSP, WFD)
- Prosperity Bancshares, Inc.(R) Makes Decision Not to Apply for Government's Capital Purchase Program
- Prosperity Bank(R) to Acquire All Deposits of Franklin Bank From FDIC
- Prosperity Bancshares (PRSP) Boosts Qtr. Dividend by 10% to $0.1375/Share
- Prosperity Bancshares, Inc.(R) Increases Cash Dividend
More News related to Downgrades
- BMO Upgrades Spectrum Brands (SPC) to Market Perform
- Maxim Upgrades Palomar Medical (PMTI) to Buy
- RBC Capital Upgrades DSP Group (DSPG) to Sector Perform
- UBS Upgrades Morgans Hotel Group (MHGC) to Buy
- Janney Montgomery Scott Upgrades Wright Express Corp (WXS) to Buy.
Keefe, Bruyette and Woods downgrades Prosperity Bancshares, Inc. (Nasdaq: PRSP) from Outperform to Market Perform, citing current valuation. Price target $35.
Keefe analyst says, "The stock is currently at 4.3x TBV. We continue to view PRSP as a core holding due to its liquid balance sheet that we expect will be able to weather asset quality deterioration due to a sluggish economy and benefit from growth opportunities that are expected to arise within its footprint. Reducing estimates."
Prosperity Bancshares, Inc. is a financial holding company that operates through its bank subsidiary, Prosperity Bank (the Bank).
Related Categories
DowngradesStocks Mentioned
+2.04Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
