In a report issued on July 13, Jon Arfstrom from RBC Capital maintained a Hold rating on Prosperity Bancshares (PB – Research Report), with a price target of $79.00. The company’s shares closed last Thursday at $66.05, close to its 52-week low of $64.40.
According to TipRanks.com, Arfstrom is a 5-star analyst with an average return of 20.1% and a 53.5% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Old National Bancorp Capital, and Provident Financial Services.
Currently, the analyst consensus on Prosperity Bancshares is a Hold with an average price target of $75.20.
Prosperity Bancshares’ market cap is currently $6.18B and has a P/E ratio of 12.20.
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is neutral on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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