PAB Bankshares Inc fka PABK

[Echodogs1]

Can anyone confirm this?

Investment analysts at Deutsche Bank initiated coverage on shares of Park Avenue Bankshares (OTBB:PABK) in a note issued to investors on Wednesday. The firm set a “buy” rating and a $7.00 price target on the stock. Deutsche Bank’s price target would indicate a potential upside of 7000% from the company’s current price.

The analysts wrote, “Park Avenue Bankshares is a bank holding company that will be acquiring several community banks in the Southeast over the next 2 years.These banks will serve as the holding company's primarily assets and will primary loan to service providers and enterprises. Given its regional scale and seasoned management team, we believe the company is well-positioned to lead in these regional markets and generate strong cash flow. As a result we initiate coverage on the company with a buy rating and a $7.00 price target.”

Several other analysts have also recently commented on the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of the Holding Company in a research note to investors on Wednesday. They set an “outperform” rating on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Park Avenue Bankshares in a research note to investors on Wednesday. They set a “Buy” rating and a $7.05 price target on the stock. Standard and Poor currently has an evaluation of PABK at a "B-" as speculation begins to mount on when PABK will be relisted on the NASDAQ. Less