Prosperity Bancshares Inc (PB) is looking forward to a strong quarter

With 0.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.55 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $84.4 whereas the lowest price it dropped to was $82.45. The 52-week range on PB shows that it touched its highest point at $85.13 and its lowest point at $57.16 during that stretch. It currently has a 1-year price target of $84.93. With its current market cap of 8.22 billion, PB has annualized dividend of $2.24 while the current yield stands at 2.66%. PB paid its most recent dividend on 1726185600, while the ex-dividend date for that was 1734048000. Beta for the stock currently stands at 0.92.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PB was up-trending over the past week, with a rise of 2.18%, but this was up by 14.65% over a month. Three-month performance surged to 16.34% while six-month performance rose 35.77%. The stock gained 43.51% in the past year, while it has gained 24.46% so far this year. A look at the trailing 12-month EPS for PB yields 4.70 with Next year EPS estimates of 5.81. For the next quarter, that number is 1.34. This implies an EPS growth rate of 11.31% for this year and 15.70% for next year. EPS is expected to grow by 11.15% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -0.42%.

Float and Shares Shorts:

At present, 93.72 million PB shares are outstanding with a float of 91.28 million shares on hand for trading. On 2024-10-31, short shares totaled 1.49 million, which was 155.99999999999997 higher than short shares on 1727654400. In addition to Mr. David E. Zalman as the firm’s Senior Chairman & CEO, Mr. H. E. Timanus Jr. serves as its Chairman of the Board.

Institutional Ownership:

Through their ownership of 0.83527 of PB’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PB since 8 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PB analysts setting a high price target of 102.0 and a low target of 76.0, the average target price over the next 12 months is 84.33333. Based on these targets, PB could surge 21.0% to reach the target high and fall by -9.85% to reach the target low. Reaching the average price target will result in a growth of 0.04% from current levels.

Analysts have provided yearly estimates in a range of $5.06963 being high and $4.88076 being low. For PB, this leads to a yearly average estimate of $5.01993. The surprise factor in the prior quarter was $1.2. Based on analyst estimates, the high estimate for the next quarter is $1.4 and the low estimate is $1.25. The average estimate for the next quarter is thus $1.34.