Prosperity Bancshares Inc. (NYSE: PB) is -5.32% lower on its value in year-to-date trading and has touched a low of $49.60 and a high of $68.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PB stock was last observed hovering at around $65.08 in the last trading session, with the day’s loss setting it -0.95%.
Currently trading at $64.13, the stock is 2.86% and 2.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.81 million and changing -1.46% at the moment leaves the stock 6.33% off its SMA200. PB registered 8.69% gain for a year compared to 6-month gain of 27.93%.
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The stock witnessed a 2.15% loss in the last 1 month and extending the period to 3 months gives it a -1.93%, and is 7.44% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.11% over the week and 2.31% over the month.
Prosperity Bancshares Inc. (PB) has around 3850 employees, a market worth around $6.00B and $1.65B in sales. Current P/E ratio is 14.81 and Fwd P/E is 10.96. Profit margin for the company is 24.51%. Distance from 52-week low is 29.29% and -6.89% from its 52-week high. The company has generated returns on investments over the last 12 months (3.68%).
The EPS is expected to grow by 10.03% this year
The shares outstanding are 93.72M, and float is at 89.14M with Short Float at 2.99%.
Prosperity Bancshares Inc. (PB) Insider Activity
The most recent transaction is an insider sale by LORD L. JACK, the company’s Director. SEC filings show that LORD L. JACK sold 2,100 shares of the company’s common stock on Dec 11 ’23 at a price of $62.94 per share for a total of $0.13 million. Following the sale, the insider now owns 31025.0 shares.
Prosperity Bancshares Inc. disclosed in a document filed with the SEC on May 01 ’23 that LORD L. JACK (Director) bought a total of 5,000 shares of the company’s common stock. The trade occurred on May 01 ’23 and was made at $62.04 per share for $0.31 million. Following the transaction, the insider now directly holds 33125.0 shares of the PB stock.
