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NEW YORK ( TheStreet) -- Prosperity (NYSE: PB) hit a new 52-week high Friday as it is currently trading at $47.01, above its previous 52-week high of $46.87 with 273,309 shares traded as of 12:59 p.m. ET. Average volume has been 294,400 shares over the past 30 days. Prosperity has a market cap of $1.99 billion and is part of the financial sector and banking industry. Shares are up 15.3% year to date as of the close of trading on Thursday. Prosperity Bancshares, Inc. operates as the holding company for Prosperity Bank that provides a range of financial products and services to small and medium-sized businesses, and consumers in Texas. The company has a P/E ratio of 15.3, above the average banking industry P/E ratio of 14.1 and below the S&P 500 P/E ratio of 17.7.