On January 24, 2023, Prosperity Bancshares Inc. (NYSE: PB) opened at $74.62, lower -2.56% from the last session. During the day, the shares moved up to $74.62 and dropped to $72.46 before settling in for the closing price of $74.73. Price fluctuations for PB have ranged from $64.69 to $77.93 over the past 52 weeks.
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Annual sales at Financial sector company grew by 9.10% over the past five years. Company’s average yearly earnings per share was noted -1.40% at the time writing. With a float of $87.37 million, this company’s outstanding shares have now reached $91.21 million.
Let’s look at the performance matrix of the company that is accounted for 3704 employees.
Prosperity Bancshares Inc. (PB) Insider Updates
A key investor’s attitude towards the stock of the Banks – Regional industry is another important factor to consider. The insider ownership of Prosperity Bancshares Inc. is 0.60%, while institutional ownership is 85.70%. The most recent insider transaction that took place on Jun 28, was worth 77,418. In this transaction Director of this company sold 1,100 shares at a rate of $70.38, taking the stock ownership to the 92,511 shares. Before that another transaction happened on Jun 27, when Company’s Director sold 1,200 for $69.50, making the entire transaction worth $83,400. This insider now owns 93,611 shares in total.
Prosperity Bancshares Inc. (PB) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/29/2022, the company posted $1.49 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $1.49) by $0. This company achieved a net margin of +43.71 while generating a return on equity of 8.27. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.46 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1.40% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.12% during the next five years compared to 7.30% growth over the previous five years of trading.
Prosperity Bancshares Inc. (NYSE: PB) Trading Performance Indicators
Check out the current performance indicators for Prosperity Bancshares Inc. (PB). In the past quarter, the stock posted a price to sales ratio for the trailing twelve months stands at 6.28. Likewise, its price to free cash flow for the trailing twelve months is 18.52.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.59, a number that is poised to hit 1.49 in the next quarter and is forecasted to reach 6.11 in one year’s time.
Technical Analysis of Prosperity Bancshares Inc. (PB)
Prosperity Bancshares Inc. (NYSE: PB) saw its 5-day average volume 0.52 million, a positive change from its year-to-date volume of 0.41 million. As of the previous 9 days, the stock’s Stochastic %D was 61.10%. Additionally, its Average True Range was 1.50.
During the past 100 days, Prosperity Bancshares Inc.’s (PB) raw stochastic average was set at 65.75%, which indicates a significant increase from 38.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.24% in the past 14 days, which was lower than the 24.91% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $72.86, while its 200-day Moving Average is $71.03. Nevertheless, the first resistance level for the watch stands at $74.14 in the near term. At $75.46, the stock is likely to face the second major resistance level. The third major resistance level sits at $76.30. If the price goes on to break the first support level at $71.98, it is likely to go to the next support level at $71.14. Assuming the price breaks the second support level, the third support level stands at $69.82.
Prosperity Bancshares Inc. (NYSE: PB) Key Stats
There are currently 91,309K shares outstanding in the company with a market cap of 6.53 billion. Presently, the company’s annual sales total 1,187 M according to its annual income of 519,300 K. Last quarter, the company’s sales amounted to 314,240 K and its income totaled 135,820 K.