Prosperity Bancshares, Inc. (PB)
NYSE: PB · IEX Real-Time Price · USD
68.02
+0.25 (0.37%)
At close: Jul 19, 2024, 4:00 PM
68.03
+0.01 (0.01%)
After-hours: Jul 20, 2024, 12:58 PM EDT
Prosperity Bancshares Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for PB stock have an average target of 69.27, with a low estimate of 55 and a high estimate of 80. The average target predicts an increase of 1.84% from the current stock price of 68.02.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for PB stock from 13 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 6 | 6 | 6 | 6 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 4 | 5 | 5 | 5 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 15 | 14 | 14 | 13 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Truist Securities | Truist Securities | Strong Buy Maintains $75 → $68 | Strong Buy | Maintains | $75 → $68 | -0.03% | Jul 8, 2024 |
| Stephens & Co. | Stephens & Co. | Hold → Buy Upgrades n/a | Hold → Buy | Upgrades | n/a | n/a | Jun 26, 2024 |
| RBC Capital | RBC Capital | Hold Reiterates $70 | Hold | Reiterates | $70 | +2.91% | Apr 9, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $75 | Strong Buy | Maintains | $75 | +10.26% | Apr 1, 2024 |
| Barclays | Barclays | Hold Initiates $68 | Hold | Initiates | $68 | -0.03% | Mar 8, 2024 |
Financial Forecast
Revenue This Year
1.22B
from 1.09B
Increased by 11.81%
Revenue Next Year
1.35B
from 1.22B
Increased by 10.25%
EPS This Year
5.19
from 4.51
Increased by 15.02%
EPS Next Year
6.01
from 5.19
Increased by 15.87%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.3B | 1.4B | 1.5B |
| Avg | 1.2B | 1.3B | 1.5B |
| Low | 1.1B | 1.2B | 1.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.3% | 15.1% | 13.5% |
| Avg | 11.8% | 10.2% | 8.3% |
| Low | 4.9% | 2.4% | 0.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.50 | 6.44 | 7.76 |
| Avg | 5.19 | 6.01 | 7.08 |
| Low | 4.68 | 5.33 | 6.15 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 22.0% | 24.1% | 29.1% |
| Avg | 15.0% | 15.9% | 17.8% |
| Low | 3.9% | 2.8% | 2.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.