Prosperity Bancshares Inc. (NYSE: PB) started the day on Wednesday, with a price increase of 3.80% at $65.08, before settling in for the price of $62.70 at the close. Taking a more long-term approach, PB posted a 52-week range of $49.60-$68.88.
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The company of the Financial sector’s yearbook sales growth during the past 5- year span was recorded 15.56%. Meanwhile, its Annual Earning per share during the time was -0.42%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 10.51%. This publicly-traded company’s shares outstanding now amounts to $93.72 million, simultaneously with a float of $89.14 million. The organization now has a market capitalization sitting at $6.09 billion. At the time of writing, stock’s 50-day Moving Average stood at $62.51, while the 200-day Moving Average is $60.31.
Prosperity Bancshares Inc. (PB) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Banks – Regional Industry. Prosperity Bancshares Inc.’s current insider ownership accounts for 4.69%, in contrast to 81.59% institutional ownership. According to the most recent insider trade that took place on Dec 11 ’23, this organization’s Director sold 2,100 shares at the rate of 62.94, making the entire transaction reach 132,174 in total value, affecting insider ownership by 31,025. Preceding that transaction, on May 01 ’23, Company’s Director bought 5,000 for 62.04, making the whole transaction’s value amount to 310,200. This particular insider is now the holder of 33,125 in total.
Prosperity Bancshares Inc. (PB) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 12/31/2023, the organization reported 1.37 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at 1.34) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.17 per share during the current fiscal year.
Prosperity Bancshares Inc.’s EPS increase for this current 12-month fiscal period is 10.51% and is forecasted to reach 5.86 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 9.12% through the next 5 years, which can be compared against the -0.42% growth it accomplished over the previous five years trading on the market.
Prosperity Bancshares Inc. (NYSE: PB) Trading Performance Indicators
Let’s observe the current performance indicators for Prosperity Bancshares Inc. (PB). The Stock has managed to achieve an average true range (ATR) of 1.51. Alongside those numbers, its PE Ratio stands at $14.40, and its Beta score is 0.94. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 3.81. Similarly, its price to free cash flow for trailing twelve months is now 9.84.
In the same vein, PB’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 4.52, a figure that is expected to reach 1.15 in the next quarter, and analysts are predicting that it will be 5.86 at the market close of one year from today.
Technical Analysis of Prosperity Bancshares Inc. (PB)
If we take a close look at the recent performances of Prosperity Bancshares Inc. (NYSE: PB), its last 5-days Average volume was 0.54 million that shows plunge from its year to date volume of 0.57 million. During the previous 9 days, stock’s Stochastic %D was recorded 86.79% While, its Average True Range was 1.57.
Raw Stochastic average of Prosperity Bancshares Inc. (PB) in the period of the previous 100 days is set at 61.37%, which indicates a major fall in contrast to 89.73% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 29.93% that was higher than 26.83% volatility it exhibited in the past 100-days period.
