Prosperity Bancshares Inc. (NYSE: PB) is 8.25% higher on its value in year-to-date trading and has touched a low of $49.60 and a high of $74.96 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PB stock was last observed hovering at around $72.58 in the last trading session, with the day’s gains setting it 0.74%.
Currently trading at $73.32, the stock is 2.12% and 1.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.33 million and changing 1.02% at the moment leaves the stock 11.66% off its SMA200. PB registered 45.22% gain for a year compared to 6-month gain of 12.66%. The firm has a 50-day simple moving average (SMA 50) of $72.0516 and a 200-day simple moving average (SMA200) of $65.66285.
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The stock witnessed a 2.78% loss in the last 1 month and extending the period to 3 months gives it a 1.03%, and is -1.11% down 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 3.18% over the week and 2.20% over the month.
Prosperity Bancshares Inc. (PB) has around 3850 employees, a market worth around $6.98B and $1.71B in sales. Current P/E ratio is 16.08 and Fwd P/E is 12.63. Profit margin for the company is 25.08%. Distance from 52-week low is 47.82% and -2.19% from its 52-week high. The company has generated returns on investments over the last 12 months (5.88%).
The EPS is expected to grow by 11.28% this year
444.0 institutions hold shares in Prosperity Bancshares Inc. (PB), with institutional investors hold 86.34% of the company’s shares. The shares outstanding are 93.72M, and float is at 91.06M with Short Float at 1.81%. Institutions hold 82.70% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 9.81 million shares valued at $599.77 million. The investor’s holdings represent 10.4686 of the PB Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 8.83 million shares valued at $540.11 million to account for 9.4273 of the shares outstanding. The other top investors are VICTORY CAPITAL MANAGEMENT INC which holds 6.36 million shares representing 6.7863 and valued at over $388.8 million, while STATE STREET CORP holds 5.5686 of the shares totaling 5.22 million with a market value of $321.96 million.
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.
