Prosperity Bancshares Inc [PB] stock is trading at $80.32, up 1.08%. An important factor to consider is whether the stock is rising or falling in short-term value. The PB shares have gain 2.46% over the last week, with a monthly amount glided 6.48%, and 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.
Prosperity Bancshares Inc [PB] stock has fluctuated between $57.16 and $86.75 over the past year. Currently, Wall Street analysts expect the stock to reach $81 within the next 12 months. Prosperity Bancshares Inc [NYSE: PB] shares were valued at $80.32 at the most recent close of the market. An investor can expect a potential return of 0.85% based on the average PB price forecast.
Analyzing the PB fundamentals
Prosperity Bancshares Inc [NYSE:PB] reported sales of 1.79B for the trailing twelve months, which represents a growth of 9.28%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.43%, and Net Profit Margin reading is 0.36%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.01.
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 79.35 points at the first support level, and at 78.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 81.25, and for the 2nd resistance point, it is at 82.18.
Ratios To Look Out For
For context, Prosperity Bancshares Inc’s Current Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 4.28, the price to book ratio is 1.03 and price to earnings (TTM) ratio is 15.92.
Transactions by insiders
Recent insider trading involved HOLMES NED S, Director, that happened on Jan 29 ’25 when 600.0 shares were sold. Director, HOLMES NED S completed a deal on Jan 29 ’25 to sell 500.0 shares. Meanwhile, Director HOLMES NED S sold 600.0 shares on Jan 22 ’25.
