During the last three months, 9 analysts shared their evaluations of Prosperity Bancshares PB, revealing diverse outlooks from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 1 | 6 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 2 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 4 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Prosperity Bancshares, presenting an average target of $81.44, a high estimate of $90.00, and a low estimate of $76.00. Observing a 3.67% increase, the current average has risen from the previous average price target of $78.56.
Breaking Down Analyst Ratings: A Detailed Examination
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 |
|---|---|---|---|---|---|
| Brody Preston | UBS | Lowers | Buy | $76.00 | $77.00 |
| Jared Shaw | Barclays | Raises | Equal-Weight | $88.00 | $84.00 |
| David Rochester | Compass Point | Raises | Buy | $84.00 | $70.00 |
| Jared Shaw | Barclays | Raises | Equal-Weight | $84.00 | $76.00 |
| Gary Tenner | DA Davidson | Raises | Neutral | $80.00 | $78.00 |
| Jon Arfstrom | RBC Capital | Maintains | Sector Perform | $77.00 | $77.00 |
| David Chiaverini | Wedbush | Maintains | Outperform | $90.00 | $90.00 |
| Jared Shaw | Barclays | Raises | Equal-Weight | $76.00 | $75.00 |
| Peter Winter | DA Davidson | Lowers | Neutral | $78.00 | $80.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Prosperity Bancshares. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Prosperity Bancshares compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Prosperity Bancshares's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Prosperity Bancshares's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Prosperity Bancshares analyst ratings.
Delving into Prosperity Bancshares's Background
Prosperity Bancshares Inc provides retail and commercial banking services to individuals and small to midsize businesses. It provides a wide array of financial products and services to businesses and consumers throughout Texas and Oklahoma.
Breaking Down Prosperity Bancshares's Financial Performance
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Prosperity Bancshares's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 8.77%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Financials sector.
Net Margin: Prosperity Bancshares's net margin is impressive, surpassing industry averages. With a net margin of 43.77%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Prosperity Bancshares's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 1.74%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Prosperity Bancshares's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.32% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.53, caution is advised due to increased financial risk.
Analyst Ratings: What Are They?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
