Prosperity Reaches New 52-Week High (PB)

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.

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, increase in net income, expanding profit margins, good cash flow from operations and notable return on equity. 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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