Prosperity Bancshares Inc [PB] stock prices are up 3.30% to $77.60 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PB shares have gain 3.81% over the last week, with a monthly amount drifted -5.26%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Prosperity Bancshares Inc [NYSE: PB] stock has seen the most recent analyst activity on January 07, 2025, when BofA Securities upgraded its rating to a Neutral but kept the price target unchanged to $80 for it. Previously, Wolfe Research downgraded its rating to Peer Perform on December 05, 2024. On October 15, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $78 on the stock. Wedbush upgraded its rating to a Outperform and increased its price target to $90 on September 24, 2024. Truist downgraded its rating to a Hold and reduced its price target to $79 on September 20, 2024. Raymond James downgraded its rating to Outperform for this stock on September 17, 2024, but kept the price target unchanged to $80. In a note dated August 26, 2024, Hovde Group reiterated an Outperform rating on this stock and boosted its target price from $80.50 to $82.50.
The stock price of Prosperity Bancshares Inc [PB] has been fluctuating between $57.16 and $86.75 over the past year. Currently, Wall Street analysts expect the stock to reach $79.83 within the next 12 months. Prosperity Bancshares Inc [NYSE: PB] shares were valued at $77.60 at the most recent close of the market. An investor can expect a potential return of 2.87% 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 8.62%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.33%, Pretax Profit Margin comes in at 0.32%, 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 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.53.
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 76.18 points at the first support level, and at 74.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 78.43, and for the 2nd resistance point, it is at 79.25.
Ratios To Look Out For
It’s worth pointing out that Prosperity Bancshares Inc [NYSE:PB]’s Current Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 4.23, the price to book ratio is 1.00 and price to earnings (TTM) ratio is 16.52.
Transactions by insiders
Recent insider trading involved HOLMES NED S, Director, that happened on Jan 08 ’25 when 600.0 shares were sold. Director, HOLMES NED S completed a deal on Jan 08 ’25 to sell 500.0 shares. Meanwhile, Director HOLMES NED S sold 600.0 shares on Jan 02 ’25.
