Prosperity Bancshares, Inc. (PB)
NYSE: PB · IEX Real-Time Price · USD
63.51
-1.57 (-2.41%)
Apr 25, 2024, 1:13 PM EDT - Market open
Prosperity Bancshares Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for PB stock have an average target of 69.08, with a low estimate of 55 and a high estimate of 80. The average target predicts an increase of 8.77% from the current stock price of 63.51.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for PB stock from 14 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 7 | 7 | 7 | 7 | 6 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 3 | 3 | 3 | 4 | 5 | 5 |
| Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13 | 14 | 14 | 14 | 15 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| RBC Capital | RBC Capital | Hold Reiterates $70 | Hold | Reiterates | $70 | +10.22% | Apr 9, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $75 | Strong Buy | Maintains | $75 | +18.09% | Apr 1, 2024 |
| Barclays | Barclays | Hold Initiates $68 | Hold | Initiates | $68 | +7.07% | Mar 8, 2024 |
| Morgan Stanley | Morgan Stanley | Sell → Hold Upgrades $69 | Sell → Hold | Upgrades | $69 | +8.64% | Feb 7, 2024 |
| RBC Capital | RBC Capital | Hold Reiterates $70 | Hold | Reiterates | $70 | +10.22% | Jan 25, 2024 |
Financial Forecast
Revenue This Year
1.20B
from 1.09B
Increased by 9.97%
Revenue Next Year
1.32B
from 1.20B
Increased by 10.08%
EPS This Year
5.14
from 4.51
Increased by 13.99%
EPS Next Year
6.04
from 5.14
Increased by 17.53%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.3B | 1.4B | 1.5B |
| Avg | 1.2B | 1.3B | 1.4B |
| Low | 986.9M | 1.1B | 1.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.5% | 18.1% | 14.2% |
| Avg | 10.0% | 10.1% | 9.5% |
| Low | -9.6% | -11.9% | 1.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.59 | 6.64 | 7.98 |
| Avg | 5.14 | 6.04 | 7.08 |
| Low | 4.60 | 5.33 | 6.13 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 23.9% | 29.1% | 32.1% |
| Avg | 14.0% | 17.5% | 17.2% |
| Low | 2.0% | 3.7% | 1.4% |
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.