Prosperity Bancshares – Consensus Indicates 10.9% Upside Potential
Bancshares Prosperity with the ticker code (PB) now have 13 analysts covering the stock with the consensus suggesting a ‘Hold’ rating. The target price ranges between 86 and 69 by calculating the average target price we see 76.69. Together with the stock’s previous close at 69.18, this indicates that there is upside potential of 10.9%. The 50-day moving average now sits at 69.54 and the 200-day moving average is at 71.83. The company has a market cap of $6,271 million. Company website: https://www.prosperitybankusa.com
The potential market capitalization would be $6,952 million based on market consensus.
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Prosperity Bancshares operates as a bank holding company for Prosperity Bank which provides financial products and services to businesses and consumers. It accepts various deposit products, such as current, savings, money market and term accounts, as well as certificates of deposit. The company also offers 1-4 family residential mortgages, commercial and multi-family residential, commercial and industrial, agricultural and non-real estate mortgages, as well as loans for construction, land development and other land loans. ; consumer loans, including secured loans for automobiles, recreational vehicles, boats, home improvement, personal and deposit accounts; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and the purchase of equipment and machinery. Additionally, it provides internet banking, mobile banking, trust and wealth management, retail brokerage, mortgage services and cash management, as well as debit and credit cards. As of December 31, 2021, the company operated 273 full-service banking locations, including 65 in the Houston area, including The Woodlands; 30 in the South Texas region, including Corpus Christi and Victoria; 63 in the Dallas/Fort Worth, TX area; 22 in the East Texas region; 29 in the Central Texas region, 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 central Oklahoma; and 8 in the Tulsa, Oklahoma area, doing business as LegacyTexas Bank. Prosperity Bancshares was founded in 1983 and is based in Houston, Texas.