Zacks Investment Research upgraded Prosperity Bancshares, Inc. (NYSE:PB) to Hold in a report released today.
- Updated: October 13, 2016
Boasting a price of $55.47, Prosperity Bancshares, Inc. (NYSE:PB) traded 0.25% higher on the day. With the last close up 7.31% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $54.43 and a 200-day moving average of $51.69. 181,431 shares of Prosperity Bancshares, Inc. exchanged hands, down from an avg. volume of 326,798
Zacks Investment Research has upgraded Prosperity Bancshares, Inc. (NYSE:PB) to Hold in a report released on 10/13/2016.
On 10/11/2016, FBR & Co released a statement about Prosperity Bancshares, Inc. (NYSE:PB) upped the target price from $55.00 to $60.00. At the time, this suggested an upside of 0.08%.
Recent Performance Chart
With a total market value of $0, Prosperity Bancshares, Inc. has P/E ratio of 13.97 with a 52 week low of $33.57 and a one year high of $57.04 .
A total of 19 equity analysts have released a ratings update on Prosperity Bancshares, Inc.. 1 broker rating the stock a strong buy, 4 brokers rating the stock a buy, 13 firms rating the stock a hold, one analyst rating the company a underperform, and finally zero equity analysts rating the stock a sell with a average stock price target of $54.53.
Brief Synopsis On 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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