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Zacks Investment Research upgraded Prosperity Bancshares, Inc. (NYSE:PB) to Hold in a report released today.

Yesterday Prosperity Bancshares, Inc. (NYSE:PB) traded -1.53% lower at $54.89. The company’s 50-day moving average is $54.03 and its 200-day moving average is $51.16. The last closing price is up 5.65% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 331,035 shares of PB traded hands, down from an average trading volume of 351,850

Zacks Investment Research has upgraded Prosperity Bancshares, Inc. (NYSE:PB) to Hold in a report released on 10/03/2016.

Recent Performance Chart

Prosperity Bancshares, Inc. (NYSE:PB)

Prosperity Bancshares, Inc. has 52 week low of $33.57 and a 52 week high of $57.04 with a PE ratio of 13.61 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 19 brokerages have issued a research note on the stock. The consensus target price is $54.53 with 1 firm rating the stock a strong buy, 4 firms rating the stock a buy, 13 firms rating the stock a hold, one analyst rating the company a underperform, and lastly zero analysts rating the company a sell.

More 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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