Prosperity Bancshares with ticker code (PB) have now 13 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 87 and 78 calculating the mean target price we have 81.73. Now with the previous closing price of 76.02 this indicates there is a potential upside of 7.5%. There is a 50 day moving average of 74.31 while the 200 day moving average is 72.78. The market capitalisation for the company is $6,816m. Visit the company website at: https://www.prosperitybankusa.com
The potential market cap would be $7,328m based on the market concensus.
Prosperity Bancshares operates as bank holding company for the Prosperity Bank that provides retail and commercial banking services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts; and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural real estate, 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 and other cash management, mobile banking, trust and wealth management, retail brokerage, mortgage banking, and automated telephone banking services, as well as debit and credit cards. As of December 31, 2020, the company operated 275 full-service banking locations comprising 65 in the Houston area, including The Woodlands; 30 in the South Texas area including Corpus Christi and Victoria; 65 in the Dallas/Fort Worth, Texas area; 22 in the East Texas area; 29 in the Central Texas area, including Austin and San Antonio; 34 in the West Texas area, including Lubbock, Midland-Odessa and Abilene; 16 in the Bryan/College Station area; 6 in the Central Oklahoma area; and 8 in the Tulsa, Oklahoma area, as well as 42 locations in the Dallas/Fort Worth area doing business as LegacyTexas Bank. Prosperity Bancshares was founded in 1983 and is based in Houston, Texas.
