Prosperity Bancshares price target lowered to $77 from $78 at BofA

BofA lowered the firm’s price target on Prosperity Bancshares (PB) to $77 from $78 and keeps a Neutral rating on the shares. Prosperity reported Q1 EPS of $1.37, a penny above consensus and in-line with BofA estimates, the analyst noted. Given a decline in loan/deposit growth in Q1, the firm revised estimates lower to account for a smaller balance sheet and trimmed its price target