Piper Sandler raised the firm’s price target on CoastalSouth (COSO) to $30 from $29 and keeps an Overweight rating on the shares. The firm argues that Q1 results remained upbeat, with strong 14% LQA deposit growth leading the way. While this level of deposit growth will be tough to replicate, it should still drive a larger balance sheet than Piper was previously expecting, and coupled with a higher net interest margin, is taking estimates up slightly to $2.42/$2.76.
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