Prosperity Bancshares with ticker code (PB) have now 13 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 85 and 69 with a mean TP of 78.46. With the stocks previous close at 76.7 this now indicates there is a potential upside of 2.3%. The day 50 moving average is 73.1 and the 200 moving average now moves to 71.35. The company has a market cap of $7,079m. Company Website: https://www.prosperitybankusa.com
The potential market cap would be $7,242m based on the market concensus.
Prosperity Bancshares operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts, as well as and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and purchase of equipment and machinery. In addition, it provides internet banking, mobile banking, trust and wealth management, retail brokerage, mortgage services, and treasury management, as well as debit and credit cards. Prosperity Bancshares was founded in 1983 and is based in Houston, Texas.
