Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Prosperity Bancshares Inc (NYSE: PB) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Prosperity Bancshares Inc (NYSE: PB) stock declined modestly by -1.4% on 12/15/23. The stock closed at $66.66. Moreover, this decline was accompanied by exceptionally high trading volume at 231% of normal. The stock has performed in line with the market over the last nine months and has risen 5.9% during the last week.
Current PriceTarget Research Rating
PB is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Prosperity Bancshares has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Prosperity Bancshares has a neutral Power Rating of 51 but a good Appreciation Score of 80, producing the Positive Value Trend Rating.
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