RBC Capital Keeps Their Hold Rating on Prosperity Bancshares (PB)

RBC Capital analyst Jon Arfstrom maintained a Hold rating on Prosperity Bancshares (PBResearch Report) on December 6 and set a price target of $86.00. The company’s shares closed yesterday at $71.86.

Arfstrom covers the Financial sector, focusing on stocks such as Bread Financial Holdings, Comerica, and Discover Financial Services. According to TipRanks, Arfstrom has an average return of 17.7% and a 54.44% success rate on recommended stocks.

Prosperity Bancshares has an analyst consensus of Hold, with a price target consensus of $76.00, a 5.76% upside from current levels. In a report released on December 5, Morgan Stanley also initiated coverage with a Hold rating on the stock with a $69.00 price target.

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The company has a one-year high of $78.66 and a one-year low of $63.71. Currently, Prosperity Bancshares has an average volume of 458.3K.

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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.

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