FBR & Co announced Prosperity Bancshares, Inc. (NYSE:PB), hiking its price target to $60.00 earlier today
- Updated: October 12, 2016
Having a price of $55.33, Prosperity Bancshares, Inc. (NYSE:PB) traded 0.25% higher on the day. The last close is up 7.31% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. Prosperity Bancshares, Inc. has recorded a 50-day average of $54.43 and a two hundred day average of $51.69. 181,431 shares of the stock traded hands, down from an average trading volume of 326,798
FBR & Co raised the target price of Prosperity Bancshares, Inc. (NYSE:PB) to $60.00 indicating a potential upside of 0.08%.
On 10/11/2016, FBR & Co. released a statement on Prosperity Bancshares, Inc. (NYSE:PB) increased the target price from $55.00 to $60.00. At the time, this indicated a possible upside of 0.08%.
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Prosperity Bancshares, Inc. has 52 week low of $33.57 and a 52 week high of $57.04 with a P/E ratio of 13.97 and has a total market value of $0.
A total of 19 brokerages have issued a ratings update on Prosperity Bancshares, Inc.. 1 broker rating the company a strong buy, four firms rating the stock a buy, thirteen analysts rating the company a hold, one equity analyst rating the company a underperform, and finally 0 brokerages rating the stock a sell with a consensus target price of $54.53.
General Information About Prosperity Bancshares, Inc. (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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