D.A. Davidson analyst Peter Winter maintained a Buy rating on Prosperity Bancshares (PB – Research Report) today. The company’s shares closed yesterday at $62.72.
According to TipRanks, Winter is an analyst with an average return of -0.7% and a 40.00% success rate. Winter covers the Financial sector, focusing on stocks such as Cullen/Frost Bankers, Comerica, and M&T Bank.
Prosperity Bancshares has an analyst consensus of Moderate Buy, with a price target consensus of $66.44, which is a 5.93% upside from current levels. In a report released today, Piper Sandler also maintained a Buy rating on the stock with a $74.00 price target.
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Based on Prosperity Bancshares’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $281.73 million and a net profit of $124.69 million. In comparison, last year the company earned a revenue of $275.07 million and had a net profit of $122.35 million
Based on the recent corporate insider activity of 28 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 reports Q2 EPS $1.21, consensus $1.15
- PROSPERITY BANCSHARES, INC.® REPORTS SECOND QUARTER 2023 EARNINGS
- PB Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- PROSPERITY BANCSHARES, INC.® ANNOUNCES COMMON STOCK DIVIDEND
- Prosperity Bancshares price target lowered to $65 from $70 at Raymond James
