The stock of Prosperity Bancshares Inc (NYSE:PB) last traded at $77.86, down -0.21% from the previous session.
PB stock price is now -0.58% away from the 50-day moving average and 8.65% away from the 200-day moving average. The market capitalization of the company currently stands at $7.42B.
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With the price target maintained at $80, BofA Securities recently Upgraded its rating from Underperform to Neutral for Prosperity Bancshares Inc (NYSE: PB)., while ‘DA Davidson’ rates the stock as ‘Neutral’
In other news, HOLMES NED S, Director sold 600 shares of the company’s stock on Feb 12 ’25. The stock was sold for $46,968 at an average price of $78.28. Upon completion of the transaction, the Director now directly owns 47,100 shares in the company, valued at $3.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 12 ’25, Director HOLMES NED S sold 500 shares of the business’s stock. A total of $39,149 was realized by selling the stock at an average price of $78.30. This leaves the insider owning 106,815 shares of the company worth $8.32 million. A total of 4.28% of the company’s stock is owned by insiders.
During the past 12 months, Prosperity Bancshares Inc has had a low of $57.16 and a high of $86.75. According to the stock market information, the enterprise value for the company is $8867557376, which is based on a 15.43 price-to-earnings ratio, a 1.14 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for PB is $78.3116 and a two-hundred day moving average price translates $71.66005 for the stock.
The latest earnings results from Prosperity Bancshares Inc (NYSE: PB) was released for 2024-12-31. The net profit margin was 26.81% and return on equity was 6.60% for PB. The company reported revenue of $417.9 million for the quarter, compared to $380.35 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.87 percent.
