Prosperity Bancshares Inc. [PB] stock is trading at $70.50, up 1.06%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PB shares have lost -3.44% over the last week, with a monthly amount glided 19.05%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Prosperity Bancshares Inc. [NYSE: PB] stock has seen the most recent analyst activity on August 05, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $86 from $75. Previously, Barclays started tracking the stock with Equal Weight rating on March 08, 2024, and set its price target to $68. On February 07, 2024, upgrade upgraded it’s rating to Equal-Weight but maintained its price target of $69 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $68 on December 01, 2023. Raymond James upgraded its rating to a Strong Buy but $68 remained the price target by the analyst firm on October 05, 2023. UBS started tracking with a Buy rating for this stock on September 28, 2023, and assigned it a price target of $64. In a note dated September 18, 2023, Hovde Group upgraded an Outperform rating on this stock but restated the target price of $66.50.
Prosperity Bancshares Inc. [PB] stock has fluctuated between $49.60 and $74.05 over the past year. Currently, Wall Street analysts expect the stock to reach $76.43 within the next 12 months. Prosperity Bancshares Inc. [NYSE: PB] shares were valued at $70.50 at the most recent close of the market. An investor can expect a potential return of 8.41% based on the average PB price forecast.
Analyzing the PB fundamentals
Prosperity Bancshares Inc. [NYSE:PB] reported sales of 1.71B for the trailing twelve months, which represents a growth of 15.12%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.35%, and Net Profit Margin reading is 0.28%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.06 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.57.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 69.27 points at the first support level, and at 68.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 71.68, and for the 2nd resistance point, it is at 72.86.
Ratios To Look Out For
For context, Prosperity Bancshares Inc.’s Current Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 3.95, the price to book ratio is 0.92 and price to earnings (TTM) ratio is 15.46.
Transactions by insiders
Recent insider trading involved LORD L. JACK, Director, that happened on Dec 11 ’23 when 2100.0 shares were sold.
