Prosperity Bancshares. which can be found using ticker (PB) have now 14 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 80 and 58 calculating the mean target price we have $70.79. Given that the stocks previous close was at $61.52 and the analysts are correct then we can expect a percentage increase in value of 15.1%. It’s also worth noting that there is a 50 day moving average of $66.73 and the 200 day MA is $70.92. The market cap for the company is $5,573m. Company Website: https://www.prosperitybankusa.com
The potential market cap would be $6,412m based on the market consensus.
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 loansluding 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. The company was founded in 1983 and is based in Houston, Texas.
The company has a dividend yield of 3.58% with the ex dividend date set at 14-3-2023 (DMY).
Other points of data to note are a P/E ratio of 10.65, revenue per share of 12.56 and a 1.39% return on assets.
