Oppenheimer Lowers Prosperity Bancshares to Underperform (PB)

By admin | 6 years ago

Prosperity Bancshares (NYSE: PB) was downgraded by Oppenheimer (NYSE: OPY) from a “perform” rating to an “underperform” rating in a research note issued on Thursday.

Several other analysts have also recently commented on the stock. Analysts at DA Davidson raised their price target on shares of Prosperity Bancshares from $47.00 to $50.00 in a research note to investors on Monday, April 30th. They now have a “neutral” rating on the stock. Separately, analysts at FBR Capital (NASDAQ: FBCM) raised their price target on shares of Prosperity Bancshares from $45.00 to $50.00 in a research note to investors on Monday, April 30th. They now have a “market perform” rating on the stock. Finally, analysts at FBR Capital (NASDAQ: FBCM) raised their price target on shares of Prosperity Bancshares from $42.00 to $45.00 in a research note to investors on Wednesday, March 7th. They now have a “market perform” rating on the stock.

Prosperity Bancshares traded down 1.54% on Thursday, 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 posted its quarterly earnings results 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. Analysts expect that Prosperity Bancshares will post $0.76 EPS next quarter.

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

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