FBR Capital Boosts Price Target on Prosperity Bancshares (PB)

By admin | 6 years ago

FBR Capital (NASDAQ: FBCM) increased their price target on shares of Prosperity Bancshares (NYSE: PB) from $45.00 to $50.00 in a research note issued on Monday. The firm currently has a “market perform” rating on the stock.

A number of other analysts have also recently weighed in on PB. Analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Prosperity Bancshares to $18.00 in a research note to investors on Wednesday, February 29th. Separately, analysts at Morgan Keegan raised their price target on shares of Prosperity Bancshares to $44.00 in a research note to investors on Tuesday, February 28th. Finally, analysts at Morgan Stanley (NYSE: MS) raised their EPS on shares of Prosperity Bancshares in a research note to investors on Tuesday, February 28th. They now have an “equal weight” rating and a $48.00 price target on the stock.

Prosperity Bancshares traded down 1.54% on Monday, hitting $46.09. Prosperity Bancshares has a 1-year low of $30.91 and a 1-year high of $47.66. The company has a market cap of $2.180 billion and a price-to-earnings ratio of 15.30.

Prosperity Bancshares last released its earnings data on Friday, April 27th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.73 by $0.04. On average, analysts predict that Prosperity Bancshares will post $0.76 earnings per share next quarter.

Prosperity Bancshares, Inc. is a financial holding company that operates through its bank subsidiary, Prosperity Bank (the Bank).

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