Prosperity Bancshares Inc’s filing revealed that its Chairman TIMANUS H E JR unloaded Company’s shares for reported $0.35 million on Nov 25 ’24. In the deal valued at $86.50 per share,4,000 shares were sold. As a result of this transaction, TIMANUS H E JR now holds 0 shares worth roughly $0.0.
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Then, Henderson Leah sold 1,100 shares, generating $91,564 in total proceeds. Upon selling the shares at $83.24, the Director now owns 7,525 shares.
Before that, HOLMES NED S sold 600 shares. Prosperity Bancshares Inc shares valued at $48,857 were divested by the Director at a price of $81.43 per share. As a result of the transaction, HOLMES NED S now holds 48,300 shares, worth roughly $4.09 million.
DA Davidson downgraded its Prosperity Bancshares Inc [PB] rating to a Neutral from a a Buy in a research note published on October 15, 2024; the price target was decreased to $78 from $80. A number of analysts have revised their coverage, including Wedbush’s analysts, who increased its forecast for the stock in late September from “a Neutral” to “an Outperform”. Truist also remained covering PB and has decreased its forecast on September 20, 2024 with a “Hold” recommendation from previously “Buy” rating. Raymond James revised its rating on September 17, 2024. It rated PB as “an Outperform” which previously was an “a Strong buy”.
Price Performance Review of PB
On Tuesday, Prosperity Bancshares Inc [NYSE:PB] saw its stock fall -0.40% to $84.73. Over the last five days, the stock has gained 3.54%. Prosperity Bancshares Inc shares have risen nearly 25.10% since the year began. Nevertheless, the stocks have risen 44.42% over the past one year. While a 52-week high of $86.75 was reached on 11/25/24, a 52-week low of $57.16 was recorded on 06/17/24. SMA at 50 days reached $75.31, while 200 days put it at $67.40.
Levels Of Support And Resistance For PB Stock
The 24-hour chart illustrates a support level at 84.17, which if violated will result in even more drops to 83.61. On the upside, there is a resistance level at 85.19. A further resistance level may holdings at 85.65. The Relative Strength Index (RSI) on the 14-day chart is 71.12, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.69%. Stochastics %K at 84.04% indicates the stock is a selling.
How much short interest is there in Prosperity Bancshares Inc?
A steep rise in short interest was recorded in Prosperity Bancshares Inc stocks on 2024-11-15, growing by 0.51 million shares to a total of 1.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.4 million shares. There was a rise of 26.67%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 26, 2024 when Hovde Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $82.50.
