NEW YORK (
) is trading at unusually high volume Friday with two million shares changing hands. It is currently at 5.5 times its average daily volume and trading up $1.92 (+5.4%) at $37.69 as of four p.m. ET.
Prosperity has a market cap of $1.7 billion and is part of the
industry. Shares are down 9% year to date as of the close of trading on Thursday.
Prosperity Bancshares, Inc. operates as the holding company for Prosperity Bank that provides retail and commercial banking services to small and medium-sized businesses and consumers. The company has a P/E ratio of 12.5, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Prosperity as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, good cash flow from operations, notable return on equity and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full
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