NEW YORK (

TheStreet

) --

Prosperity

(Nasdaq:

PRSP

) hit a new 52-week high Thursday as it is currently trading at $44.67, above its previous 52-week high of $44.65 with 130,326 shares traded as of 12:25 p.m. ET. Average volume has been 229,100 shares over the past 30 days.

Prosperity has a market cap of $2.1 billion and is part of the

financial

sector and

banking

industry. Shares are up 11.7% year to date as of the close of trading on Wednesday.

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 15.7, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 16.4.

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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, notable return on equity, attractive valuation levels and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

Prosperity Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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.

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