A statement released earlier today by Wedbush about Prosperity Bancshares (NYSE:PB) bumps the target price to $54.00
- Updated: October 6, 2016
Boasting a price of $55.30, Prosperity Bancshares (NYSE:PB) traded -0.02% lower on the day. With the last stock price close up 7.58% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Prosperity Bancshares has recorded a 50-day average of $54.20 and a two hundred day average of $51.40. Volume of trade was down over the average, with 220,899 shares of PB changing hands under the typical 350,632
Wedbush bumped up the target of Prosperity Bancshares (NYSE:PB) to $54.00 stating a potential downside of -0.02%.
With a total market value of $0, Prosperity Bancshares has price-earnings ratio of 13.93 with a one year low of $33.57 and a one year high of $57.04 .
A total of 19 equity analysts have released a research note on PB. One equity analyst rating the company a strong buy, four equity analysts rating the company a buy, thirteen equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $54.53.
Brief Synopsis About Prosperity Bancshares (NYSE:PB)
Prosperity Bancshares, Inc. is a financial holding company. The Company operates through its bank subsidiary, Prosperity Bank (the Bank). The Bank provides a range of financial products and services to small and medium-sized businesses and consumers. The Company's additional products and services include trust services, brokerage, mortgage lending, credit card and independent sales organization (ISO) sponsorship operations. The Company also has a trust department, which provides trust services in the Company's various market areas. The Bank offers a range of loan products, including term loans, lines of credit and loans for working capital, business expansion and the purchase of equipment and machinery; land development and interim construction loans for builders, and owner-occupied and non-owner occupied commercial real estate loans. The Bank also offers other loans, such as commercial and industrial loans, one- to four-family residential loans, agriculture loans and consumer loans.
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