NEW YORK (

TheStreet

) --

Prosperity

(Nasdaq:

PRSP

) hit a new 52-week high Tuesday as it traded at $43.69 compared with its previous 52-Week high of $43.66. Prosperity is changing hands at $43.67 with 50,577 shares traded as of 10:47 a.m. ET. Average volume has been 241,600 shares over the past 30 days.

Prosperity has a market cap of $2 billion and is part of the

financial

sector and

banking

industry. Shares are up 10.2% year to date as of the close of trading on Monday.

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 15.8, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 16.8.

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TheStreet Ratings rates Prosperity as a buy. 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 attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Prosperity Ratings Report

.

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