Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
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Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
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Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
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Analysts' ratings for Prosperity Bancshares (NYSE:PB) over the last quarter vary from bullish to bearish, as provided by 8 analysts.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
---|---|---|---|---|---|
Total Ratings | 5 | 0 | 3 | 0 | 0 |
Last 30D | 1 | 0 | 0 | 0 | 0 |
1M Ago | 2 | 0 | 0 | 0 | 0 |
2M Ago | 1 | 0 | 0 | 0 | 0 |
3M Ago | 1 | 0 | 3 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $67.0, with a high estimate of $80.00 and a low estimate of $55.00. Witnessing a positive shift, the current average has risen by 5.86% from the previous average price target of $63.29.
In examining recent analyst actions, we gain insights into how financial experts perceive Prosperity Bancshares. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
---|---|---|---|---|---|
Michael Rose | Raymond James | Raises | Strong Buy | $80.00 | $65.00 |
Jennifer Demba | Truist Securities | Raises | Buy | $75.00 | $61.00 |
Brody Preston | UBS | Raises | Buy | $71.00 | $65.00 |
Ben Gerlinger | Citigroup | Announces | Buy | $68.00 | - |
Jon Arfstrom | RBC Capital | Lowers | Sector Perform | $61.00 | $62.00 |
Matt Olney | Stephens & Co. | Lowers | Equal-Weight | $61.00 | $64.00 |
David Chiaverini | Wedbush | Lowers | Neutral | $55.00 | $58.00 |
Michael Rose | Raymond James | Lowers | Strong Buy | $65.00 | $68.00 |
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Prosperity Bancshares's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Prosperity Bancshares analyst ratings.
Prosperity Bancshares Inc follows a community bank model and provides multiple services to individuals and small to midsize businesses. It operates more than 270 branches in Texas, most of them around the Houston, Dallas-Fort Worth, Corpus Christi, and Austin metropolitan areas.
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Decline in Revenue: Over the 3 months period, Prosperity Bancshares faced challenges, resulting in a decline of approximately -6.47% in revenue growth as of 30 September, 2023. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Prosperity Bancshares's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 41.97%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Prosperity Bancshares's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 1.6%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Prosperity Bancshares's ROA stands out, surpassing industry averages. With an impressive ROA of 0.28%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Prosperity Bancshares's debt-to-equity ratio is below the industry average at 0.6, reflecting a lower dependency on debt financing and a more conservative financial approach.
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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