Prosperity Bancshares Inc (NYSE:PB) on Focus After Report of Less Shorts

August 9, 2018 - By Palma Niemeyer

The stock of Prosperity Bancshares Inc (NYSE:PB) registered a decrease of 2.75% in short interest. PB’s total short interest was 3.89 million shares in August as published by FINRA. Its down 2.75% from 3.99 million shares, reported previously. With 373,600 shares average volume, it will take short sellers 10 days to cover their PB’s short positions. The short interest to Prosperity Bancshares Inc’s float is 5.89%.

The stock increased 1.03% or $0.74 during the last trading session, reaching $72.77. About 414,931 shares traded or 6.91% up from the average. Prosperity Bancshares, Inc. (NYSE:PB) has risen 14.46% since August 9, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Prosperity Bancshares, Inc. operates as bank holding firm for the Prosperity Bank that provides a range of retail and commercial banking services to small and medium-sized businesses, and consumers. The company has market cap of $5.08 billion. The firm offers various deposit products, including demand, savings, money market, and time accounts. It has a 17.42 P/E ratio. It also provides one to four family residential mortgage loans, commercial mortgage and multifamily residential loans, commercial and industrial loans, agricultural real estate loans, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, such as automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; and consumer durables and home equity loans, as well as debit and credit cards.

Prosperity Bancshares, Inc. (NYSE:PB) Ratings Coverage

Among 4 analysts covering Prosperity Bancshares (NYSE:PB), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Prosperity Bancshares had 4 analyst reports since February 26, 2018 according to SRatingsIntel. The firm has “Overweight” rating by Barclays Capital given on Thursday, April 26. The rating was maintained by Deutsche Bank with “Hold” on Friday, May 4. The stock of Prosperity Bancshares, Inc. (NYSE:PB) has “Neutral” rating given on Thursday, April 26 by DA Davidson. Keefe Bruyette & Woods maintained Prosperity Bancshares, Inc. (NYSE:PB) on Monday, February 26 with “Hold” rating.

More news for Prosperity Bancshares, Inc. (NYSE:PB) were recently published by: Globenewswire.com, which released: “Factors of Influence in 2018, Key Indicators and Opportunity within Moelis, Silicon Laboratories, Vail Resorts, National …” on August 02, 2018. Seekingalpha.com‘s article titled: “Prosperity Bancshares, Inc (PB) CEO David Zalman on Q2 2018 Results – Earnings Call Transcript” and published on July 25, 2018 is yet another important article.

Prosperity Bancshares, Inc. (NYSE:PB) Institutional Positions Chart

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