Prosperity Bancshares Inc Hits New 52-Week High at $63.35 (PB)
Shares of Prosperity Bancshares (NYSE:PB) hit a new 52-week high on Friday, StockRatingsNetwork reports. The company traded as high as $63.35 and last traded at $63.33, with a volume of 165,979 shares trading hands. The stock had previously closed at $62.18.
A number of research firms have recently commented on PB. Analysts at Zacks reiterated a “neutral” rating on shares of Prosperity Bancshares (NYSE:PB) in a research note to investors on Friday, September 27th. They now have a $64.00 price target on the stock. Separately, analysts at FBR Capital Markets reiterated a “market perform” rating on shares of Prosperity Bancshares (NYSE:PB) in a research note to investors on Friday, August 30th. They now have a $60.00 price target on the stock, up previously from $55.00. Finally, analysts at RBC Capital raised their price target on shares of Prosperity Bancshares (NYSE:PB) from $55.00 to $61.00 in a research note to investors on Thursday, July 25th. They now have a “sector perform” rating on the stock. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $58.38.
Prosperity Bancshares has a 1-year low of $38.56 and a 1-year high of $63.01. The stock’s 50-day moving average is $60. and its 200-day moving average is $53.47. The company has a market cap of $3.814 billion and a P/E ratio of 18.12.
Prosperity Bancshares (NYSE:PB) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.89 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.88 by $0.01. During the same quarter last year, the company posted $0.78 earnings per share. Analysts expect that Prosperity Bancshares will post $3.58 EPS for the current fiscal year.
Prosperity Bancshares, Inc, incorporated on December 22, 1983, is a financial holding company. The Company operates through its bank subsidiary, Prosperity Bank (NYSE:PB).
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