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Arfstrom covers the Financial sector, focusing on stocks such as Huntington Bancshares, Home Bancshares, and Associated Banc-Corp. According to TipRanks, Arfstrom has an average return of 14.7% and a 60.12% success rate on recommended stocks.
In addition to RBC Capital, Prosperity Bancshares also received a Hold from Barclays’s Jared Shaw in a report issued on January 29. However, on the same day, Morgan Stanley maintained a Buy rating on Prosperity Bancshares (NYSE: PB).
Based on Prosperity Bancshares’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $426.83 million and a net profit of $137.56 million. In comparison, last year the company earned a revenue of $447.02 million and had a net profit of $127.28 million
Based on the recent corporate insider activity of 86 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 1,100.00 shares for a total of $73,341.86.
