TipRanksStock Market NewsPB NewsProsperity Bancshares (PB) Receives a Hold from RBC Capital

Prosperity Bancshares (PB) Receives a Hold from RBC Capital

RBC Capital analyst Jon Arfstrom maintained a Hold rating on Prosperity Bancshares (PBResearch Report) on July 27 and set a price target of $79.00. The company’s shares closed last Friday at $74.09.

According to TipRanks.com, Arfstrom is a 5-star analyst with an average return of 20.4% and a 56.1% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Provident Financial Services, and Old National Bancorp Capital.

Currently, the analyst consensus on Prosperity Bancshares is a Hold with an average price target of $72.75, implying a 0.2% upside from current levels. In a report released yesterday, Wedbush also maintained a Hold rating on the stock with a $72.00 price target.

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Prosperity Bancshares’ market cap is currently $6.69B and has a P/E ratio of 13.22.

Based on the recent corporate insider activity of 21 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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