Prosperity Bancshares Inc (NYSE:PB) shares, rose in value on Friday, May 30, with the stock price down by -0.67% to the previous day’s close as strong demand from buyers drove the stock to $69.65.
Actively observing the price movement in the last trading, the stock closed the session at $70.12. The PE ratio was 13.31 over 12-month period. Referring to stock’s 52-week performance, its high was $86.75, and the low was $57.16. On the whole, PB has fluctuated by 2.58% over the past month.
With the market capitalization of Prosperity Bancshares Inc currently standing at about $6.64 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 2.28, with its dividend yield at 3.27%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PB’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.98, with the price of PB currently trading nearly -1.82% and 0.76% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.46, while the 7-day volatility ratio is showing 1.65% which for the 30-day chart, stands at 1.58%. Furthermore, Prosperity Bancshares Inc (PB)’s beta value is 0.70, and its average true range (ATR) is 1.47.
A comparison of Prosperity Bancshares Inc (PB) with its peers suggests the former has fared considerably weaker in the market. PB showed an intraday change of -0.67% in last session, and over the past year, it grew by 13.05%%.
Data on historical trading for Prosperity Bancshares Inc (NYSE:PB) indicates that the trading volumes over the past 3 months, they’ve averaged 709.15K. According to company’s latest data on outstanding shares, there are 95.26 million shares outstanding.
Nearly 4.25% of Prosperity Bancshares Inc’s shares belong to company insiders and institutional investors own 83.37% of the company’s shares. The stock has fallen by -7.56% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PB stock heading into the next quarter.
