The price of Prosperity Bancshares Inc. (NYSE:PB) shares last traded on Wall Street fell -0.25% to $58.79.
PB stock price is now -4.88% away from the 50-day moving average and -3.20% away from the 200-day moving average. The market capitalization of the company currently stands at $5.64B.
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With the price target of $68, Barclays recently initiated with Equal Weight rating for Prosperity Bancshares Inc. (NYSE: PB). On February 07, 2024, Morgan Stanley Upgraded its previous ‘Underweight’ rating to ‘Equal-Weight’ on the stock keeping its target price maintained at $69, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, LORD L. JACK, Director sold 2,100 shares of the company’s stock on Dec 11 ’23. The stock was sold for $132,174 at an average price of $62.94. Upon completion of the transaction, the Director now directly owns 31,025 shares in the company, valued at $1.82 million. A total of 4.48% of the company’s stock is owned by insiders.
During the past 12 months, Prosperity Bancshares Inc. has had a low of $49.60 and a high of $68.88. According to the stock market information, the enterprise value for the company is $8751799296, which is based on a 13.58 price-to-earnings ratio, a 1.49 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for PB is $61.6964 and a two-hundred day moving average price translates $60.7447 for the stock.
The latest earnings results from Prosperity Bancshares Inc. (NYSE: PB) was released for 2024-03-31. The net profit margin was 24.52% and return on equity was 5.85% for PB. The company reported revenue of $381.91 million for the quarter, compared to $327.31 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.68 percent.
