Prosperity Bancshares Inc (NYSE: PB) has reported E.P.S. of $1.18 for its first fiscal quarter (ending March 31) versus $1.37 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $4.34 compared to $5.77 a year ago.
Recent Price Action
Prosperity Bancshares Inc (NYSE: PB) stock closed at $65.08 on 4/24/24 after a large increase of 3.8%. Moreover, this advance was accompanied by unusually high trading volume at 165% of normal. The stock has risen 9.9% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
PB’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Prosperity Bancshares has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Prosperity Bancshares has a slightly positive Power Rating of 69 and a very high Appreciation Score of 91, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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