According to Morgan Keegan, Prosperity Bancshares PB price target is raised to $44.
Morgan Keegan said that PB announced the acquisition of western-TX based American State Financial, adding $3.1 billion in assets, $1.2 billion in loans, and $2.5 billion in deposits (representing 31% of Prosperity's asset base). “We are raising our estimates to $3.10 (from $3.05) in FY12 and $3.40 (from $3.15) in FY13, implying 8% accretion to FY13 EPS.”
Prosperity Bancshares closed yesterday at $43.54
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in