Current Situation and Forecasts
The Deutsche Pfandbriefbank (PBB) is expected to show solid performance in 2025, which is positively evaluated by analysts. Warburg analyst Andreas Pläsier remains confident regarding the PBB stock, as a positive market development is indicated. The current PBB stock price stands at approximately 5.63 euros, representing an increase of around 18 percent since the beginning of the year. Analysts see further upward potential with an average price target of 6.75 euros, corresponding to a potential of about 20 percent. Warburg Research has even raised the price target to 8.80 euros, based on estimates for the year 2027.
For the year 2025, earnings per share of 1.02 euros are expected, while the dividend is set at 0.36 euros.
Quarterly Figures and Business Development
In the first quarter of 2025, PBB achieved a pre-tax profit of 28 million euros, which was lower than the previous year’s quarter but higher than in the fourth quarter of 2024. The risk provisioning decreased in the first quarter of 2025 to -26 million euros, representing a significant reduction compared to the previous year’s quarter. The bank continues to have a high level of capital and liquidity. The strategic transformation of PBB is making progress, which could have positive long-term effects on business development.
Market Situation and Challenges
The market situation is particularly more volatile in the USA than expected, which poses challenges for the bank. Nevertheless, PBB has reaffirmed its goals for the year after the first quarter turned out better than expected.
Overall, it appears that the Deutsche Pfandbriefbank is stabilizing despite current challenges and is working towards a positive market development. The optimistic assessment by analysts like Andreas Pläsier supports this perspective.