Prosperity Bancshares, Inc. stock performance trend indicates that the stock price has rallied 0.91% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 33.94% . Looking at the past 52 week period, the stock price is up at 57.77% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Prosperity Bancshares, Inc. has a positive value of 37.64 compared to overall market.Prosperity Bancshares, Inc. is having a Relative Strength Index of 51.08 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Stocks of Prosperity Bancshares, Inc. (NYSE:PB) rallied by 1.88% during the past week but lost 1.79% on a 4-week basis. The company has outperformed the S&P 500 by 1.64% in the past week but underperformed the index by 2.91% in the last 4 weeks.
Company shares have received an average consensus rating of Hold for the current week Prosperity Bancshares, Inc. (NYSE:PB) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.34 points or 0.46% at $73.52 with 1,613,801 shares getting traded. Post opening the session at $74.01, the shares hit an intraday low of $72.54 and an intraday high of $74.06 and the price was in this range throughout the day. The company has a market cap of $5,108 million and the number of outstanding shares has been calculated to be 69,478,062 shares. The 52-week high of Prosperity Bancshares, Inc. (NYSE:PB) is $77.87 and the 52-week low is $43.28.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by FBR & Co. on Jan 26, 2017 to Mkt Perform, Raises Price Target to $ 75 from a previous price target of $73 .Company shares were Downgraded by FBR & Co. on Dec 20, 2016 to Mkt Perform, Raises Price Target to $ 73 from a previous price target of $65 .
Company has reported several Insider transactions to the SEC, on Dec 23, 2016, Leah Henderson (director) sold 1,000 shares at 72.74 per share price.On Nov 23, 2016, Edward Z Safady (President) sold 5,000 shares at 66.15 per share price.On Nov 21, 2016, Michael Epps (Executive Vice President) sold 5,000 shares at 63.90 per share price.
Prosperity Bancshares Last issued its quarterly earnings results on Jan 25, 2017. The company reported $0.99 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.96. The company had revenue of $183.31 million for the quarter, compared to analysts expectations of $184.29 million. The companys revenue was down -.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.01 EPS.
Prosperity Bancshares is a registered bank holding Company that derives substantially all of its revenues and income from the operation of First Prosperity Bank. The Bank is a full service bank that provides a broad line of financial products and services to small and medium sized businesses and consumers through full-service banking locations, three of which are located in the greater Houston metropolitan area.