Prosperity Bancshares (NYSE:PB) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 0 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 1 | 0 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $72.4, a high estimate of $80.00, and a low estimate of $68.00. This upward trend is apparent, with the current average reflecting a 3.43% increase from the previous average price target of $70.00.
Deciphering Analyst Ratings: An In-Depth Analysis
A comprehensive examination of how financial experts perceive Prosperity Bancshares is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brandon King | Truist Securities | Maintains | Buy | $75.00 | $75.00 |
| Jared Shaw | Barclays | Announces | Equal-Weight | $68.00 | - |
| Manan Gosalia | Morgan Stanley | Announces | Equal-Weight | $69.00 | - |
| Jon Arfstrom | RBC Capital | Maintains | Sector Perform | $70.00 | - |
| Michael Rose | Raymond James | Raises | Strong Buy | $80.00 | $65.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Prosperity Bancshares. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Prosperity Bancshares compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Prosperity Bancshares's stock. This analysis reveals shifts in analysts' expectations over time.
To gain a panoramic view of Prosperity Bancshares's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Prosperity Bancshares analyst ratings.
Discovering Prosperity Bancshares: A Closer Look
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.
Prosperity Bancshares: A Financial Overview
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Challenges: Prosperity Bancshares's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -7.51%. This indicates a decrease in top-line earnings. When compared to others in the Financials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Prosperity Bancshares's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 36.33%, the company showcases 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 1.35%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Prosperity Bancshares's ROA excels beyond industry benchmarks, reaching 0.25%. This signifies efficient management of assets and strong financial health.
Debt Management: Prosperity Bancshares's debt-to-equity ratio stands notably higher than the industry average, reaching 0.53. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Analyst Ratings: What Are They?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.