For its third fiscal quarter (ending September 30), Prosperity Bancshares Inc (NYSE: PB) has reported E.P.S. of $1.34 compared to $1.20 a year ago. For the latest four quarters through September 30, E.P.S. were $4.70 versus $5.01 for the same period a year ago.
Recent Price Action
Prosperity Bancshares Inc (NYSE: PB) stock increased 1.0% on 10/23/24. The shares closed at $73.32. Moreover, trading volume in this advance was exceptionally high at 257% of normal. The stock has been strong relative to the market over the last nine months and has risen 0.5% 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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Prosperity Bancshares has a good Power Rating of 82 and a very high Appreciation Score of 89, triggering 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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