A share price of Prosperity Bancshares Inc [PB] is currently trading at $80.88, up 9.46%. 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 gain 8.99% over the last week, with a monthly amount glided 15.00%, 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.
Prosperity Bancshares Inc experienced fluctuations in its stock price throughout the past year between $54.38 and $75.51. 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 $80.88 at the most recent close of the market. An investor can expect a potential drop of -4.27% based on the average PB price forecast.
Analyzing the PB fundamentals
Trailing Twelve Months sales for Prosperity Bancshares Inc [NYSE:PB] were 1.75B which represents 9.38% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.56.
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 77.94 points at the first support level, and at 74.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 82.47, and for the 2nd resistance point, it is at 84.05.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Prosperity Bancshares Inc [NYSE:PB] is 0.11. Considering the valuation of this stock, the price to sales ratio is 4.40, the price to book ratio is 1.05 and price to earnings (TTM) ratio is 17.21.
Transactions by insiders
Recent insider trading involved LORD L. JACK, Director, that happened on Dec 11 ’23 when 2100.0 shares were sold.
