Prosperity Bancshares with ticker code (PB) now have 13 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 85 and 69 with the average target price sitting at 78.69. With the stocks previous close at 75.69 this would indicate that there is a potential upside of 4.0%. The day 50 moving average is 73.48 and the 200 day moving average is 71.84. The market cap for the company is $6,816m. Visit the company website at: https://www.prosperitybankusa.com
The potential market cap would be $7,086m based on the market concensus.
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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.