Analysts fell to the sidelines weighing in on Prosperity Bancshares (PB) and Capital City Bank (CCBG) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Prosperity Bancshares (PB)
In a report released today, Matt Olney from Stephens maintained a Hold rating on Prosperity Bancshares, with a price target of $67. The company’s shares closed yesterday at $67.50.
According to TipRanks.com, Olney is a 1-star analyst with an average return of -0.4% and a 44.0% success rate. Olney covers the Financial sector, focusing on stocks such as Spirit Of Texas Bancshares Inc, Business First Bancshares Inc, and Hancock Whitney Corporation.
The word on The Street in general, suggests a Hold analyst consensus rating for Prosperity Bancshares with a $66.83 average price target.
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Capital City Bank (CCBG)
Stephens analyst Tyler Stafford assigned a Hold rating to Capital City Bank today and set a price target of $26. The company’s shares closed yesterday at $25.07.
Stafford said:
“We think positive revenue growth can continue over the next several quarters through a relatively stable NIM and mid-single digit loan growth and various fee initiatives, which combined with a relatively flattish expense base can still produce modest positive operating leverage. That said, we maintain our Equal- Weight rating as the stock trades at a premium 14.3x our updated 2020 EPS estimate.”
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 4.3% and a 53.7% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Amerant Bancorp Inc. Class A.
The the analyst consensus on Capital City Bank is currently a Hold rating.
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