Shares of Prosperity Bancshares Inc. (NYSE:PB) traded at a new 52-week high today of $77.30. This new high was reached on below average trading volume as 71,000 shares traded hands, while the average 30-day volume is approximately 441,000 shares.
There is potential upside of 0.3% for shares of Prosperity Bancshares Inc. based on a current price of $75.29 and an average consensus analyst price target of $75.54.
Prosperity Bancshares Inc follows a community bank model and provides multiple services to individuals and small to midsize businesses. It operates more than 200 branches in Texas, most of them around the Houston, Dallas-Fort Worth, Corpus Christi, and Austin metropolitan areas. Its $5 billion loans are heavily weighted toward real estate, with commercial mortgages, consumer mortgages, and construction loans constituting roughly 40%, 25%, and 10% of its portfolio, respectively.
Over the past year, Prosperity Bancshares Inc. has traded in a range of $42.02 to $77.30 and is now at $75.29, 79% above that low.
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