Prosperity Bancshares Inc (PB) Stock Short-term Performance Analysis

Prosperity Bancshares Inc [PB] stock prices are down -1.36% to $73.20 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PB shares have lost -0.45% over the last week, with a monthly amount glided 4.32%, 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 October 15, 2024, when DA Davidson downgraded its rating to a Neutral and also revised its price target to $78 from $80. Previously, Wedbush upgraded its rating to Outperform on September 24, 2024, and elevated its price target to $90. On September 20, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $79 on the stock. Raymond James downgraded its rating to a Outperform but stick to its price target of $80 on September 17, 2024. Hovde Group reiterated its recommendation of a Outperform and raised its price target to $82.50 on August 26, 2024. Morgan Stanley upgraded its rating to Overweight for this stock on August 05, 2024, and upped its price target to $86. In a note dated March 08, 2024, Barclays initiated an Equal Weight rating and provided a target price of $68 on this stock.

The stock price of Prosperity Bancshares Inc [PB] has been fluctuating between $53.67 and $75.51 over the past year. Currently, Wall Street analysts expect the stock to reach $77.43 within the next 12 months. Prosperity Bancshares Inc [NYSE: PB] shares were valued at $73.20 at the most recent close of the market. An investor can expect a potential return of 5.78% based on the average PB price forecast.

Analyzing the PB fundamentals

The Prosperity Bancshares Inc [NYSE:PB] reported sales of 1.75B for trailing twelve months, representing a surge of 9.38%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.06 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.56.

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 72.63 points at the first support level, and at 72.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.17, and for the 2nd resistance point, it is at 75.14.

Ratios To Look Out For

It’s worth pointing out that Prosperity Bancshares Inc [NYSE:PB]’s Current Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 3.98, the price to book ratio is 0.95 and price to earnings (TTM) ratio is 15.58.