Morgan Stanley (NYSE:MS) analyst Ken Zerbe maintained a Hold rating on Prosperity Bancshares (NYSE:PB) on Monday, setting a price target of $83, which is approximately 10.21% above the present share price of $75.31.
Zerbe expects Prosperity Bancshares to post earnings per share (EPS) of $1.39 for the fourth quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Hold rating of shares in Prosperity Bancshares, with an average price target of $81.
The analysts price targets range from a high of $83 to a low of $79.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $274.11 million and a net profit of $0. The company's market cap is $6.94 billion.
According to TipRanks.com, Morgan Stanley analyst Ken Zerbe is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.8% and a 62.07% success rate.
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. Prosperity Bancshares was founded by Tracy T. Rudolph in 1983 and is headquartered in Houston, TX.