Prosperity Bancshares Gets a Hold Rating from KBW

By Austin Angelo

In a report released yesterday, Brady Gailey from KBW reiterated a Hold rating on Prosperity Bancshares (NYSE: PB), with a price target of $73. The company’s shares opened today at $59.89.

According to TipRanks.com, Gailey is a 5-star analyst with an average return of 13.3% and a 77.3% success rate. Gailey covers the Financial sector, focusing on stocks such as Atlantic Capital Bancshares, First Financial Bankshares, and Allegiance Bancshares Inc.

Prosperity Bancshares has an analyst consensus of Hold, with a price target consensus of $70.08.

Prosperity Bancshares’ market cap is currently $4.24B and has a P/E ratio of 15.41. The company has a book value ratio of 1.1351.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock.

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Prosperity Bancshares, Inc. is a holding company, which engages in the provision of financial products and solutions. It provides retail and commercial banking services such as deposits, online Internet banking, loan services, investments, trust, credit card and others. The company offers its products to small and medium-sized businesses and consumers.