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RBC Capital Sticks to Its Hold Rating for Prosperity Bancshares (PB)

RBC Capital Sticks to Its Hold Rating for Prosperity Bancshares (PB)

RBC Capital analyst Jon Arfstrom maintained a Hold rating on Prosperity Bancshares on July 23 and set a price target of $78.00. The company's shares closed yesterday at $67.59.
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According to TipRanks, Arfstrom is a 5-star analyst with an average return of 11.9% and a 56.35% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Comerica, BankUnited, and First Horizon.
In addition to RBC Capital, Prosperity Bancshares also received a Hold from Barclays's Jared Shaw in a report issued on July 23. However, yesterday, KBW maintained a Buy rating on Prosperity Bancshares (NYSE: PB).
PB market cap is currently $6.63B and has a P/E ratio of 12.67.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PB in relation to earlier this year. Earlier this month, Ned Holmes, a Director at PB sold 600.00 shares for a total of $43,188.10.
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