Large Outflow of Money Witnessed in Prosperity Bancshares, Inc.

Prosperity Bancshares, Inc. (PB) During the most recent session, the shares traded at 0.71 points or 0.98% higher at $73.34. The money flow data is unimpressive with the net money flow value of $(-2.44) million. As per the intraday data, the upticks measured $4.58 million and the downticks measured $7.03 million. As a result, the up/down ratio registered a value of 0.65. The shares have seen -2.23% price change for the week.A block trade also made an entry with $0 million flowing in through upticks while $3.07 million flew out through downticks. The block tradeoff had the up/down ratio of 0. The net money flow for this big transaction was $(-3.07) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Prosperity Bancshares, Inc. has dropped 3.74% in the last five trading days, however, the shares have posted positive gains of 1.41% in the last 4 weeks. Prosperity Bancshares, Inc. is up 31.86% in the last 3-month period. Year-to-Date the stock performance stands at 1.41%. Prosperity Bancshares, Inc. (NYSE:PB) rose 0.22% or 0.16 points on Wednesday and made its way into the gainers of the day. After trading began at $74 the stock was seen hitting $74.78 as a peak level and $72.21 as the lowest level. The stock ended up at $72.79. The daily volume was measured at 490,256 shares. The 52-week high of the share price is $76.78 and the 52-week low is $38.798. The company has a market cap of $5,058 million.

Company has reported several Insider transactions to the SEC, on Dec 23, 2016, Leah Henderson (director) sold 1,000 shares at 72.74 per share price.On Nov 23, 2016, Edward Z Safady (President) sold 5,000 shares at 66.15 per share price.On Nov 21, 2016, Michael Epps (Executive Vice President) sold 5,000 shares at 63.90 per share price.

Prosperity Bancshares Last issued its quarterly earnings results on Jan 25, 2017. The company reported $0.99 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.96. The company had revenue of $183.31 million for the quarter, compared to analysts expectations of $184.29 million. The companys revenue was down -.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.01 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by FBR & Co. on Jan 26, 2017 to Mkt Perform, Raises Price Target to $ 75 from a previous price target of $73 .Company shares were Downgraded by FBR & Co. on Dec 20, 2016 to Mkt Perform, Raises Price Target to $ 73 from a previous price target of $65 .Company shares were Reiterated by Wedbush on Nov 30, 2016 to Underperform, Raises Price Target to $ 59 from a previous price target of $58 .Company shares were Downgraded by Wedbush on Nov 17, 2016 to Underperform, Raises Price Target to $ 58 from a previous price target of $54 .Prosperity Bancshares was Downgraded by Morgan Stanley to Underweight on Nov 16, 2016.

Prosperity Bancshares is a registered bank holding Company that derives substantially all of its revenues and income from the operation of First Prosperity Bank. The Bank is a full service bank that provides a broad line of financial products and services to small and medium sized businesses and consumers through full-service banking locations, three of which are located in the greater Houston metropolitan area.


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