Ludlow Capital Issues $1.50-$2.00 Price target on PremierWest Bancorp (PRWT)

( NEW YORK) – Regional bank, PremierWest Bancorp (NASD:PRWT), may have cleared one of their last hurdles to help bring them back from the brink.

Premier Bancorp received an FDIC consent order requiring the company to take additional steps to bring their small regional bank back into regulatory graces, but this may also signal the chances of PRWT going the way of receivership may now be off the table.

"We would project seeing PRWT to move back up above the $1.00 mark going into earnings announcement, and wouldn't be surprised to see this small regional bank back above the $1.50 to $2.00 range as things continue to improve."