A new trading day began on Friday, with Prosperity Bancshares Inc. (NYSE: PB) stock price down -2.34% from the previous day of trading, before settling in for the closing price of $74.73. PB’s price has ranged from $49.60 to $74.96 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 14.63%. Meanwhile, its annual earnings per share averaged 10.96%. With a float of $91.06 million, this company’s outstanding shares have now reached $93.72 million.
The extent of productivity of a business whose workforce counts for 3850 workers is very important to gauge. In terms of profitability, gross margin is 99.96%, operating margin of 33.27%, and the pretax margin is 35.1%.
Prosperity Bancshares Inc. (PB) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Regional Industry. The insider ownership of Prosperity Bancshares Inc. is 4.40%, while institutional ownership is 81.29%. The most recent insider transaction that took place on Dec 11 ’23, was worth 132,174. In this transaction Director of this company sold 2,100 shares at a rate of $62.94, taking the stock ownership to the 31,025 shares.
Prosperity Bancshares Inc. (PB) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.2 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.34 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 10.96% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.24% during the next five years compared to -0.42% drop over the previous five years of trading.
Prosperity Bancshares Inc. (NYSE: PB) Trading Performance Indicators
Here are Prosperity Bancshares Inc.’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.06. Likewise, its price to free cash flow for the trailing twelve months is 10.73.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.56, a number that is poised to hit 1.31 in the next quarter and is forecasted to reach 5.78 in one year’s time.
Technical Analysis of Prosperity Bancshares Inc. (PB)
The latest stats from [Prosperity Bancshares Inc., PB] show that its last 5-days average volume of 0.59 million was superior to 0.57 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 79.88%. Additionally, its Average True Range was 1.61.
During the past 100 days, Prosperity Bancshares Inc.’s (PB) raw stochastic average was set at 88.88%, which indicates a significant increase from 67.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.34% in the past 14 days, which was lower than the 22.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $71.89, while its 200-day Moving Average is $65.57. Now, the first resistance to watch is $74.22. This is followed by the second major resistance level at $75.46. The third major resistance level sits at $76.16. If the price goes on to break the first support level at $72.28, it is likely to go to the next support level at $71.58. The third support level lies at $70.34 if the price breaches the second support level.
Prosperity Bancshares Inc. (NYSE: PB) Key Stats
With a market capitalization of 6.95 billion, the company has a total of 95,938K Shares Outstanding. Currently, annual sales are 1,598 M while annual income is 419,320 K. The company’s previous quarter sales were 458,950 K while its latest quarter income was 111,600 K.
