Prosperity Bancshares – Consensus indicates potential rise of 12.4%
Bancshares Prosperity with the ticker code (PB) now have 15 analysts covering the stock with the consensus suggesting a rating of “Buy”. The range between the high target price and the low target price is between 90 and 26 by calculating the average target price that we see 78.73. With the stock’s previous close at 70.05, this indicates that there is upside potential of 12.4%. The 50-day MA is 73.88 while the 200-day moving average is 73.58. The company has a market capitalization of $ 6,454 million. You can visit the company’s website by visiting: http://www.prosperitybankusa.com
Prosperity Bancshares operates as a bank holding company for Prosperity Bank which provides retail and commercial banking services to businesses and consumers. It accepts various deposit products, such as current, savings, money market and term accounts; and certificates of deposit. The company also offers residential mortgages for 1 to 4 families, commercial and multi-family residential, commercial and industrial real estate loans, agricultural and non-real estate agricultural real estate loans, as well as construction, land development and other land loans; consumer loans, including secured loans for automobile, recreational vehicle, boat, home improvement, personnel and deposit account; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and the purchase of equipment and machinery. In addition, it provides online banking and other cash management services, mobile banking, trust and wealth management services, retail brokerage, mortgage banking and automated telephone banking, as well as debit and credit cards. As of December 31, 2020, the company operated 275 full-service bank branches, of which 65 were in the Houston area, including The Woodlands; 30 in the South Texas region, including Corpus Christi and Victoria; 65 in the Dallas / Fort Worth, Texas area; 22 in the East Texas area; 29 in the central Texas area, including Austin and San Antonio; 34 in the West Texas region, including Lubbock, Midland-Odessa and Abilene; 16 in the Bryan / College Station area; 6 in the central Oklahoma region; and 8 in the Tulsa, Oklahoma area, as well as 42 locations in the Dallas / Fort Worth area doing business as LegacyTexas Bank. Prosperity Bancshares was founded in 1983 and is headquartered in Houston, Texas.
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