Expert Ratings For Prosperity Bancshares
Portfolio Pulse from Benzinga Insights
Prosperity Bancshares (NYSE:PB) has seen a mix of analyst ratings over the past three months, with 6 analysts offering views ranging from bullish to indifferent. The average 12-month price target for PB has risen to $72.17, up 13.35% from the previous $63.67. Recent analyst actions include ratings and price target adjustments by Barclays, Morgan Stanley, RBC Capital, Raymond James, Truist Securities, and UBS. Despite a negative revenue trend of -7.51% as of December 31, 2023, PB's net margin and ROA outperform industry averages, while its ROE and debt management pose challenges.
March 08, 2024 | 2:00 pm
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Prosperity Bancshares has received mixed analyst ratings, with an updated average 12-month price target of $72.17. The company faces a revenue decline but shows strong net margin and ROA, with concerns in ROE and debt management.
The increase in the average price target to $72.17, up 13.35% from the previous target, indicates a positive outlook from analysts, which could lead to short-term price appreciation. However, the mixed ratings and concerns over revenue decline and debt management may temper investor enthusiasm. The strong net margin and ROA are positive indicators of financial health, potentially offsetting some of the negative aspects and supporting the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100