In a report released today, Stephen Scouten from Piper Sandler assigned a Buy rating to Prosperity Bancshares (PB – Research Report), with a price target of $72.00. The company’s shares closed last Friday at $60.29.
Scouten covers the Financial sector, focusing on stocks such as Bank OZK, BankUnited, and Truist Financial. According to TipRanks, Scouten has an average return of 2.6% and a 47.00% success rate on recommended stocks.
Currently, the analyst consensus on Prosperity Bancshares is a Moderate Buy with an average price target of $69.82.
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The company has a one-year high of $78.06 and a one-year low of $56.72. Currently, Prosperity Bancshares has an average volume of 863.8K.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PB in relation to earlier this year.
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Prosperity Bancshares, Inc. is a holding company, which engages in the provision of financial products and solutions. It provides retail and commercial banking services such as deposits, online Internet banking, loan services, investments, trust, credit card and others. The company offers its products to small and medium-sized businesses and consumers. Prosperity Bancshares was founded by Tracy T. Rudolph in 1983 and is headquartered in Houston, TX.
Read More on PB:
- Prosperity Bancshares upgraded to Outperform from Underperform at Wolfe
- PROSPERITY BANCSHARES, INC.® COMPLETES MERGER WITH FIRST BANCSHARES OF TEXAS, INC.
- Prosperity Bancshares reports Q1 EPS $1.37, consensus $1.34
- PROSPERITY BANCSHARES, INC.® ANNOUNCES COMMON STOCK DIVIDEND
- Prosperity Bancshares’ First Bancshares acquisition granted regulatory approvals
