PB Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Prosperity Bancshares (PB) is currently showing signs of weakness in its price action. The stock is trading near its lower Bollinger Band, indicating potential oversold conditions. The Relative Strength Index (RSI) is at 13.57, which is in oversold territory, suggesting a possible rebound. However, the MACD is bearish, with a reading of -1.30, indicating downward momentum.
Fibonacci Levels:
The Fibonacci levels for PB show resistance at $77.33 and support at $72.39. The stock is currently trading near the lower end of this range, which could act as a floor for the price in the short term.
Fundamental Analysis:
Prosperity Bancshares has a strong dividend yield of 2.98%, making it attractive for income investors. The company has a history of consistent dividend growth, with a 5-year average annual increase of 4.99%. Earnings growth for 2025 is expected to be 13.89%, supported by solid financial metrics such as a net interest margin of 3.05% and low nonperforming assets of 0.23%.
News Sentiment and Market Trends:
Recent news indicates that PB experienced a 12.5% decline in pre-market trading, which could be due to broader market conditions or specific company news. The S&P 500 futures were slightly up, while the Dow Jones futures fell, indicating mixed market sentiment.
Price Prediction and Recommendation:
Based on the oversold RSI and nearby support level, PB could see a short-term rebound. However, the bearish MACD and recent price decline suggest caution. The stock is likely to trade in a range between $72.39 and $77.33 in the next trading week.
Target Price: $73.50
Recommendation: Sell if the price approaches the upper resistance level of $77.33.
PB Similar Chart Price Prediction
The price of PB is predicted to go up 24.38%, based on the high correlation periods with ABEO. The similarity of these two price pattern on the periods is 98.56%.
PB
ABEO
Up: 24.38%Similarity: 98.56%
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PB Analyst's Forecast
Manan Gosalia
Morgan Stanley
Buy
2025-03-13
Price Target
$102 → $94
Upside
+35.64%
Morgan Stanley lowered the firm's price target on Prosperity Bancshares to $94 from $102 and keeps an Overweight rating on the shares. The firm is reducing its estimates on Midcap Banks in North America under its coverage given higher uncertainty and slower economic growth outlook, the analyst tells investors. Trade and tariff policy changes are occurring sooner and more forcefully than previously anticipated, Morgan Stanley states. Additionally, the firm notes a slower pace of economic growth and higher level of policy uncertainty is a headwind for the sector, leading to many price target cuts in the group.
Jared Shaw
Barclays
Hold
2024-12-20
Price Target
$84 → $88
Upside
+17.41%
David Rochester
Compass Point
Strong Buy
2024-12-10
Price Target
$70 → $84
Upside
+10.18%
