As Federal Bank reports its profit growth by 31.1% YoY to Rs 263.7 crore in the second quarter of the current fiscal beating expectations, brokerages give thumbs up, and have maintained a buy call on the bank with a target price of Rs 135- Rs 140.\u00a0Brokerages are bullish on private lender Federal Bank's loan growth prospects, which is estimated between 22-26%. Swiss brokerage UBS Securities has maintained buy call on the bank with a target price of Rs 140 and said that Federal Bank's second quarter results which crossed the estimated mark was surprising and it is positive for the company given strong forecast loan growth of 22-26%. The Swiss brokerage further said that the bank is having low asset quality risks and valuation looks reasonable. Deutsche Bank also maintained but call on the bank with a target price of Rs 135 saying that bank's rich valuations may sustain given a strong growth expected in future. Deutsche Bank said asset quality of the bank looks positive and loan growth stable at 25%. With slippages at a normal rate and more capital infusion, Federal Bank can drive margins improvement, Deutsche Bank said. Federal bank's total income increased 14.1% to Rs 2,666.82 crore during the quarter, from Rs 2,338.32 crore a year ago, as per the banks regulatory filing. Bad loans or non-performing assets (NPAs) of the bank came down during the quarter under review. Its gross NPAs as a percentage of gross advances at September-end stood at 2.39% as against 2.78% a year ago. After Federal Bank announced its earnings for the second quarter, its stocks\u00a0soared 6.48% to settle at Rs 124.80 on BSE yesterday. During the day, it jumped 6.91%\u00a0to Rs 125.30 - its 52-week high. At NSE, shares of the company climbed 6.48% to close at Rs 124.80. The company's market valuation went up by Rs 1,515.64 crore to Rs 24,422.64 crore, PTI reported.