Background and Current Developments
- Quarterly Figures: In the first quarter of 2025, PBB achieved a pre-tax profit of 28 million euros, which, while below the previous year’s quarter, is above the fourth quarter of 2024. The risk provisioning decreased by about 45% to -26 million euros, indicating an improved risk situation.
- Market Situation: The market environment, especially in the USA, is more volatile than expected, challenging the implementation of the bank’s strategic transformation.
- Forecasts for 2025: Analysts expect an earnings per share (EPS) of about 1.02 euros for the fiscal year 2025, which corresponds to a doubling compared to the previous year. The dividend is estimated at 0.36 euros.
Analysts’ Opinions and Price Targets
- Warburg Research: Andreas Pläsier from Warburg Research has raised the price target for PBB shares to 8.80 euros, based on new estimates for the year 2027. This indicates significant upside potential.
- General Analyst Opinion: The average price target is about 6.75 euros, corresponding to an upside potential of around 20%. The buy recommendation remains in place, as PBB shares continue to be viewed as attractive for investors.
Significance for Private Investors
The positive development of PBB shares could be interesting for private investors in the German-speaking market, as it indicates stabilization and potential appreciation of the shares. The improved forecasts and the increased price target could lead to a revaluation of the stock, making it more attractive to investors.
Overall, Deutsche Pfandbriefbank shows signs of recovery, underscored by optimistic analysts’ opinions and solid quarterly figures. This could prompt private investors to take a closer look at PBB shares.