RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PB
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Green day on Friday for Prosperity Bancshares Inc stock after gaining 0.369%
(Updated on Jul 19, 2024)

Buy or Hold candidate since Jul 10, 2024 Gain 10.64% PDF

The Prosperity Bancshares Inc stock price gained 0.369% on the last trading day (Friday, 19th Jul 2024), rising from $67.77 to $68.02. During the last trading day the stock fluctuated 2.57% from a day low at $66.83 to a day high of $68.55. The price has risen in 7 of the last 10 days and is up by 14.55% over the past 2 weeks. Volume fell on the last day by -199 thousand shares and in total, 346 thousand shares were bought and sold for approximately $23.54 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $69.43 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Prosperity Bancshares Inc stock with a 90% probability to be traded between $56.57 and $68.66 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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PB Signals & Forecast

The Prosperity Bancshares Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $66.64 and $61.18. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, July 17, 2024, and so far it has fallen -2.07%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Tuesday, July 09, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Tuesday, July 09, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Prosperity Bancshares Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $64.13 and $59.53. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Prosperity Bancshares Inc finds support just below today's level at $64.13. If this is broken, then the next support from accumulated volume will be at $59.53 and $58.79.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.72 between high and low, or 2.57%. For the last week, the stock has had daily average volatility of 3.26%.

Our recommended stop-loss: $65.85 (-3.18%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 23 days ago.)

Trading Expectations (PB) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Prosperity Bancshares Inc to open at $67.80, and during the day (based on 14 day Average True Range), to move between $66.41 and $69.63, which gives a possible trading interval of +/-$1.61 (+/-2.36%) up or down from last closing price. If Prosperity Bancshares Inc takes out the full calculated possible swing range there will be an estimated 4.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $68.11 (0.13%) than the support at $64.13 (5.72%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Earnings coming up

Prosperity Bancshares Inc will release earnings BMO on Wednesday, July 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.20. We will update the financials statements for Prosperity Bancshares Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.67% in the first trading day after earnings release.

Is Prosperity Bancshares Inc stock A Buy?

Prosperity Bancshares Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.258 Hold/Accumulate Unchanged

Predicted Opening Price for Prosperity Bancshares Inc of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$67.80 ( 0.326%) $68.02

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PB

Fibonacci Support & Resistance Levels

Level Price
R3 69.51 2.20%
R2 68.86 1.23%
R1 68.45 0.637%
Price 68.02
S1 67.14 -1.29%
S2 66.74 -1.88%
S3 66.08 -2.85%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 69.46 2.12%
R1 68.11 0.132%
Price 68.02
S1 64.13 -5.72%
S2 59.53 -12.48%
S3 58.79 -13.57%

PB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 17, 2024 Sep 13, 2024 Oct 01, 2024 $0.560 0.82%
2 Apr 17, 2024 Jun 14, 2024 Jul 01, 2024 $0.560 0.92%
3 Mar 14, 2024 Mar 14, 2024 Apr 01, 2024 $0.560 0.87%
4 Oct 18, 2023 Dec 14, 2023 Jan 02, 2024 $0.560 0.82%
5 Jul 19, 2023 Sep 14, 2023 Oct 02, 2023 $0.550 1.03%

FAQ

What is the symbol for Prosperity Bancshares Inc Stock and on which exchange is it traded?
The symbol for Prosperity Bancshares Inc is PB and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Prosperity Bancshares Inc Stock?
Prosperity Bancshares Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Prosperity Bancshares Inc Stock?
Prosperity Bancshares Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Prosperity Bancshares Inc Stock.

What's the current price of Prosperity Bancshares Inc Stock?
As of the end of day on the Jul 19, 2024, the price of an Prosperity Bancshares Inc (PB) share was $68.02.

What is the 52-week high and low for Prosperity Bancshares Inc Stock?
The 52-week high for Prosperity Bancshares Inc Stock is $70.15 and the 52-week low is $49.60.

What is the market capitalization of Prosperity Bancshares Inc Stock?
As of the Jul 19, 2024, the market capitalization of Prosperity Bancshares Inc is 6.526B.

When is the next earnings date for Prosperity Bancshares Inc?
The upcoming earnings date for Prosperity Bancshares Inc is Jul 24, 2024.
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About Prosperity Bancshares Inc

Prosperity Bancshares Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts, as well as and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural, and n... PB Profile

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