The stock of Prosperity Bancshares Inc. (PB) has seen a 7.44% increase in the past week, with a 2.15% gain in the past month, and a -1.93% decrease in the past quarter. The volatility ratio for the week is 3.11%, and the volatility levels for the past 30 days are at 2.31% for PB. The simple moving average for the last 20 days is 2.86% for PB’s stock, with a simple moving average of 6.33% for the last 200 days.
Is It Worth Investing in Prosperity Bancshares Inc. (NYSE: PB) Right Now?
The price-to-earnings ratio for Prosperity Bancshares Inc. (NYSE: PB) is 14.81x, which is above its average ratio. Moreover, the 36-month beta value for PB is 0.93. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 12 as “hold,” and 2 as “sell.”
The public float for PB is 89.14M and currently, short sellers hold a 2.99% of that float. On April 26, 2024, PB’s average trading volume was 538.27K shares.
PB) stock’s latest price update
The stock of Prosperity Bancshares Inc. (NYSE: PB) has decreased by -1.46 when compared to last closing price of 65.08.Despite this, the company has seen a gain of 7.44% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-25 that Prosperity Bancshares’ (PB) first-quarter earnings beat estimates on the back of higher non-interest income and nil provisions. However, lower NII and high expenses turn out to be spoilsports.
Analysts’ Opinion of PB
Many brokerage firms have already submitted their reports for PB stocks, with Barclays repeating the rating for PB by listing it as a “Equal Weight.” The predicted price for PB in the upcoming period, according to Barclays is $68 based on the research report published on March 08, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see PB reach a price target of $69. The rating they have provided for PB stocks is “Equal-Weight” according to the report published on February 07th, 2024.
Citigroup gave a rating of “Buy” to PB, setting the target price at $68 in the report published on December 01st of the previous year.
PB Trading at 2.59% from the 50-Day Moving Average
After a stumble in the market that brought PB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.89% of loss for the given period.
Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 3.11%, as shares sank -1.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.34% upper at present.
During the last 5 trading sessions, PB rose by +7.44%, which changed the moving average for the period of 200-days by +12.41% in comparison to the 20-day moving average, which settled at $62.30. In addition, Prosperity Bancshares Inc. saw -5.32% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PB starting from LORD L. JACK, who sale 2,100 shares at the price of $62.94 back on Dec 11 ’23. After this action, LORD L. JACK now owns 31,025 shares of Prosperity Bancshares Inc., valued at $132,174 using the latest closing price.
LORD L. JACK, the Director of Prosperity Bancshares Inc., purchase 5,000 shares at $62.04 during a trade that took place back on May 01 ’23, which means that LORD L. JACK is holding 33,125 shares at $310,200 based on the most recent closing price.
Stock Fundamentals for PB
Current profitability levels for the company are sitting at:
- 0.45 for the present operating margin
- 1.0 for the gross margin
The net margin for Prosperity Bancshares Inc. stands at 0.43. The total capital return value is set at 0.01. Equity return is now at value 5.85, with 1.06 for asset returns.
Currently, EBITDA for the company is 30.96 million with net debt to EBITDA at -2.48. When we switch over and look at the enterprise to sales, we see a ratio of 5.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.05.
Conclusion
To wrap up, the performance of Prosperity Bancshares Inc. (PB) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
