UPDATE: Deutsche Bank Reiterates on Prosperity Bancshares on Anticipated Good Things Ahead

In a report published Wednesday, Deutsche Bank analyst Dave Rochester reiterated a Hold rating on Prosperity Bancshares PB, but lowered the price target from $68.00 to $66.00. In the report, Deutsche Bank noted, “Both banks aim to acquire banks, with both likely engaging in M&A later this year, but PB is more likely to do a larger, more accretive deal, and could possibly see a pick-up in loan gr. mid-year, yet trades at a notable discount to ASBC (PB 13.2x FY15 vs. ASBC 14.5x).” Prosperity Bancshares closed on Tuesday at $58.68.