Prosperity Bancshares Company Profile (NYSE:PB)

About Prosperity Bancshares (PB)

Prosperity Bancshares logoProsperity Bancshares, Inc. is a financial holding company, which operates through its bank subsidiary, Prosperity Bank (the Bank). The Bank provides a range of financial products and services to small and medium-sized businesses and consumers. The Company, through the Bank, offers a range of loan and deposit products to its customers. At December 31, 2016, the Bank maintained approximately 598,400 separate deposit accounts including certificates of deposit and 53,600 separate loan accounts. It offered commercial real estate (including multifamily residential) and one- to four-family residential loans, as of December 31, 2016. As of December 31, 2016, the Bank operated 245 full service banking locations; 65 in the Houston area; 29 in the South Texas area; 36 in the Dallas/Fort Worth area; 22 in the East Texas area; 29 in the Central Texas area; 34 in the West Texas area; 16 in the Bryan/College Station area, six in the Central Oklahoma area and eight in the Tulsa, Oklahoma area.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Southwest Banks
  • Sub-Industry: Regional Banks
  • Exchange: NYSE
  • Symbol: PB
  • CUSIP: 74360610
Key Metrics:
  • Previous Close: $68.16
  • 50 Day Moving Average: $73.25
  • 200 Day Moving Average: $65.62
  • 52-Week Range: $43.28 - $77.87
  • Trailing P/E Ratio: 17.30
  • Foreward P/E Ratio: 15.46
  • P/E Growth: 1.66
  • Market Cap: $4.74B
  • Outstanding Shares: 69,478,000
  • Beta: 1.3
Profitability:
  • Net Margins: 34.56%
  • Return on Equity: 7.69%
  • Return on Assets: 1.25%
Debt:
  • Current Ratio: 0.54%
  • Quick Ratio: 0.56%

Analyst Ratings

Consensus Ratings for Prosperity Bancshares (NYSE:PB) (?)
Ratings Breakdown: 2 Sell Ratings, 7 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $58.38 (14.36% downside)

Analysts' Ratings History for Prosperity Bancshares (NYSE:PB)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
2/27/2017Hovde GroupDowngradeMarket PerformN/AView Rating Details
1/26/2017FBR & CoBoost Price TargetMkt Perform$73.00 -> $75.00N/AView Rating Details
11/30/2016WedbushBoost Price TargetUnderperform$58.00 -> $59.00N/AView Rating Details
11/16/2016Morgan StanleyDowngradeEqual Weight -> Underweight$56.00 -> $58.00N/AView Rating Details
10/27/2016DA DavidsonDowngradeBuy -> NeutralN/AView Rating Details
10/11/2016Deutsche Bank AGBoost Price TargetHold$54.00 -> $59.00N/AView Rating Details
10/6/2016SunTrust Banks, Inc.Initiated CoverageNeutralN/AView Rating Details
6/9/2016Evercore ISIUpgradeHold -> Buy$60.00N/AView Rating Details
6/7/2016Compass PointInitiated CoverageNeutral$50.00N/AView Rating Details
5/9/2016Raymond James Financial, Inc.UpgradeUnderperform -> OutperformN/AView Rating Details
4/28/2016Royal Bank of CanadaBoost Price TargetSector Perform$48.00 -> $52.00N/AView Rating Details
4/27/2016FIG PartnersDowngradeOutperform -> Market PerformN/AView Rating Details
1/28/2016JPMorgan Chase & Co.Reiterated RatingSellN/AView Rating Details
1/28/2016MacquarieLower Price TargetNeutral$51.00 -> $48.00N/AView Rating Details
1/28/2016Keefe, Bruyette & WoodsUpgradeMarket Perform -> Outperform$54.00N/AView Rating Details
1/14/2016Sterne Agee CRTLower Price Target$49.00 -> $46.00N/AView Rating Details
1/12/2016Bank of America CorpDowngradeNeutral -> Underperform$55.00 -> $44.00N/AView Rating Details
6/12/2015Piper Jaffray CompaniesInitiated CoverageNeutral$59.00N/AView Rating Details
(Data available from 3/25/2015 forward)

Earnings

Earnings History for Prosperity Bancshares (NYSE:PB)
Earnings by Quarter for Prosperity Bancshares (NYSE:PB)
Earnings History by Quarter for Prosperity Bancshares (NYSE:PB)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/25/2017        
1/25/2017Q416$0.98$0.99$184.46 million$183.31 millionViewN/AView Earnings Details
10/26/2016Q316$0.99$0.99$189.25 million$183.80 millionViewListenView Earnings Details
7/27/2016Q216$0.99$0.98$191.69 millionViewListenView Earnings Details
4/27/2016Q116$0.96$0.98$185.10 millionViewListenView Earnings Details
1/27/2016Q415$1.00$1.01$187.79 million$183.60 millionViewListenView Earnings Details
10/23/2015Q315$1.01$1.01$188.99 millionViewListenView Earnings Details
7/24/2015Q215$1.03$1.03$193.46 millionViewListenView Earnings Details
4/24/2015Q115$1.05$1.05$200.59 million$191.33 millionViewN/AView Earnings Details
1/23/2015Q414$1.09$1.12$203.13 millionViewN/AView Earnings Details
10/29/2014Q314$1.07$1.10$201.80 millionViewN/AView Earnings Details
7/25/2014Q214$1.03$1.08$195.80 millionViewN/AView Earnings Details
4/23/2014Q114$0.99$1.01$173.11 millionViewN/AView Earnings Details
1/24/2014Q413$0.91$0.98$156.17 millionViewListenView Earnings Details
10/23/2013Q313$0.90$0.91$141.15 millionViewN/AView Earnings Details
7/24/2013Q2 2013$0.88$0.89$141.30 millionViewListenView Earnings Details
4/24/2013Q1 2013$0.84$0.86$130.72 millionViewListenView Earnings Details
1/25/2013Q4 2012$0.84$0.85$129.76 millionViewN/AView Earnings Details
10/24/2012$0.80$0.82ViewN/AView Earnings Details
7/27/2012$0.77$0.78ViewN/AView Earnings Details
4/27/2012$0.73$0.77ViewN/AView Earnings Details
1/20/2012$0.76$0.77ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Prosperity Bancshares (NYSE:PB)
Current Year EPS Consensus Estimate: $4.07 EPS
Next Year EPS Consensus Estimate: $4.41 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20166$0.93$0.99$0.95
Q2 20164$0.93$1.01$0.99
Q3 20165$0.95$1.01$0.99
Q4 20165$0.94$1.00$0.98
Q1 20175$0.94$0.98$0.96
Q2 20175$0.97$1.00$0.99
Q3 20175$1.00$1.06$1.03
Q4 20175$1.01$1.07$1.04
Q1 20182$0.99$1.03$1.01
Q2 20182$1.02$1.09$1.06
Q3 20182$1.08$1.14$1.11
Q4 20181$1.14$1.14$1.14
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Prosperity Bancshares (NYSE:PB)
Next Dividend:4/3/2017
Annual Dividend:$1.36
Dividend Yield:2.00%
Dividend Growth:23.00% (3 Year Average)
Payout Ratio:34.52% (Trailing 12 Months of Earnings)
33.42% (Based on This Year's Estimates)
30.84% (Based on Next Year's Estimates)
Track Record:13 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Prosperity Bancshares (NYSE:PB)

Dividend History by Quarter for Prosperity Bancshares (NYSE:PB)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/26/2017quarterly$0.341.79%3/15/20173/17/20174/3/2017
10/27/2016quarterly$0.342.44%12/14/201612/16/20161/3/2017
7/28/2016quarterly$0.302.3%9/14/20169/16/201610/3/2016
4/28/2016quarterly$0.302.3%6/15/20166/17/20167/1/2016
1/28/2016quarterly$0.302.92%3/16/20163/18/20164/1/2016
10/26/2015quarterly$0.302.36%12/16/201512/18/20151/4/2016
7/24/2015quarterly$0.272%9/16/20159/18/201510/1/2015
4/27/2015quarterly$0.272.12%6/11/20156/15/20157/1/2015
2/2/2015quarterly$0.272.28%3/12/20153/16/20154/1/2015
10/29/2014quarterly$0.271.83%12/11/201412/15/20141/2/2015
9/8/2014quarterly$0.241.6%9/11/20149/15/201410/1/2014
4/23/2014quarterly$0.241.59%6/12/20146/16/20147/1/2014
3/4/2014quarterly$0.241.5%3/12/20143/14/20144/1/2014
10/23/2013quarterly$0.241.51%12/12/201312/16/20131/2/2014
9/5/2013quarterly$0.221.43%9/12/20139/16/201310/1/2013
6/6/2013quarterly$0.221.74%6/13/20136/17/20137/1/2013
3/5/2013quarterly$0.221.85%3/13/20133/15/20134/1/2013
12/4/2012quarterly$0.2212/14/201212/31/2012
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Prosperity Bancshares (NYSE:PB)
Insider Ownership Percentage: 4.90%
Institutional Ownership Percentage: 73.59%
Insider Trades by Quarter for Prosperity Bancshares (NYSE:PB)
Institutional Ownership by Quarter for Prosperity Bancshares (NYSE:PB)
Insider Trades by Quarter for Prosperity Bancshares (NYSE:PB)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/22/2016Leah HendersonDirectorSell1,000$72.74$72,740.00View SEC Filing  
11/23/2016Edward Z SafadyPresidentSell5,000$66.15$330,750.00View SEC Filing  
11/18/2016Michael EppsInsiderSell5,000$63.90$319,500.00View SEC Filing  
11/8/2016Harrison Stafford IIDirectorSell2,000$55.00$110,000.00View SEC Filing  
10/31/2016David HollawayCFOSell978$55.56$54,337.68View SEC Filing  
9/12/2016Robert H SteelhammerDirectorSell2,900$54.00$156,600.00View SEC Filing  
8/25/2016Perry Mueller JrDirectorSell13,536$54.00$730,944.00View SEC Filing  
6/27/2016H E Timanus JrVice ChairmanBuy6,500$45.09$293,085.00View SEC Filing  
2/18/2016Robert H SteelhammerDirectorSell8,000$42.24$337,920.00View SEC Filing  
2/2/2016H E Timanus JrVice ChairmanBuy3,000$40.30$120,900.00View SEC Filing  
1/29/2016Robert H SteelhammerDirectorSell7,000$42.17$295,190.00View SEC Filing  
12/18/2015Robert H SteelhammerDirectorSell5,000$46.58$232,900.00View SEC Filing  
12/8/2015Robert H SteelhammerDirectorSell10,000$51.00$510,000.00View SEC Filing  
11/23/2015David HollawayCFOSell1,000$55.33$55,330.00View SEC Filing  
9/10/2015Robert H. SteelhammerDirectorSell15,000$50.51$757,650.00View SEC Filing  
9/4/2015William T Iv LuedkeDirectorBuy2,000$49.38$98,760.00View SEC Filing  
8/24/2015H E Timanus JrVice ChairmanBuy3,000$48.50$145,500.00View SEC Filing  
6/12/2015Robert H SteelhammerDirectorSell20,000$57.09$1,141,800.00View SEC Filing  
6/5/2015Leah HendersonDirectorSell2,700$55.74$150,498.00View SEC Filing  
5/6/2015David HollawayCFOSell1,068$53.48$57,116.64View SEC Filing  
3/2/2015Robert H SteelhammerDirectorSell10,000$51.88$518,800.00View SEC Filing  
1/28/2015H E Timanus JrChairmanBuy6,000$46.69$280,140.00View SEC Filing  
12/16/2014Robert H SteelhammerDirectorSell16,000$53.02$848,320.00View SEC Filing  
6/5/2014Robert H SteelhammerDirectorSell2,400$59.65$143,160.00View SEC Filing  
5/16/2014H Timanus, Jr.ChairmanBuy2,000$56.72$113,440.00View SEC Filing  
3/18/2014Perry Mueller, Jr.DirectorSell50,000$65.00$3,250,000.00View SEC Filing  
2/18/2014Michael EppsEVPSell5,000$63.34$316,700.00View SEC Filing  
2/4/2014Michael EppsEVPSell5,000$61.50$307,500.00View SEC Filing  
12/30/2013W.R. CollierDirectorSell10,000$63.30$633,000.00View SEC Filing  
5/10/2013Randy HesterInsiderSell34,272$47.19$1,617,295.68View SEC Filing  
12/18/2012Ned S HolmesDirectorBuy2,000$42.62$85,240.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Prosperity Bancshares (NYSE:PB)
Latest Headlines for Prosperity Bancshares (NYSE:PB)
Source:
DateHeadline
nasdaq.com logoPB Breaks Above 2% Yield Territory
www.nasdaq.com - March 21 at 6:57 PM
bizjournals.com logoHow Cullen/Frost executive pay stacks up against other regional banks
www.bizjournals.com - March 17 at 7:15 PM
zacks.com logoShould You Hold on to Prosperity Bancshares (PB) Stock Now?
www.zacks.com - March 6 at 6:19 AM
bizjournals.com logoLuxury lakeside condo tower gets underway in Flower Mound
www.bizjournals.com - March 3 at 7:10 PM
biz.yahoo.com logoPROSPERITY BANCSHARES INC Files SEC form 10-K, Annual Report
biz.yahoo.com - February 28 at 7:11 PM
nasdaq.com logoProsperity Bancshares or Texas Capital: Which Is Better? - Nasdaq
www.nasdaq.com - February 22 at 7:13 PM
finance.yahoo.com logoProsperity Bancshares or Texas Capital: Which Is Better?
finance.yahoo.com - February 22 at 7:13 PM
finance.yahoo.com logoHow to Tell Management Is Cost Conscious
finance.yahoo.com - February 16 at 6:43 PM
nasdaq.com logoNotable ETF Outflow Detected - IWN, OLN, PB, XPO
www.nasdaq.com - February 10 at 8:06 PM
uk.finance.yahoo.com logoBack to zero: Companies use 1970s budget tool to cut costs as they hunt for growth
uk.finance.yahoo.com - January 30 at 12:36 AM
seekingalpha.com logoProsperity Bancshares Is Fully Priced After Earnings - Seeking Alpha
seekingalpha.com - January 27 at 12:27 AM
nasdaq.com logoProsperity Bancshares (PB) Stock Up on Q4 Earnings Beat - Nasdaq
www.nasdaq.com - January 27 at 12:27 AM
finance.yahoo.com logoProsperity Bancshares (PB) Stock Up on Q4 Earnings Beat
finance.yahoo.com - January 27 at 12:27 AM
finance.yahoo.com logoProsperity Bancshares beats 4Q profit forecasts - Yahoo Finance
finance.yahoo.com - January 26 at 4:31 AM
biz.yahoo.com logoPROSPERITY BANCSHARES INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and
us.rd.yahoo.com - January 25 at 11:28 PM
us.rd.yahoo.com logo6:09 am Prosperity Bancshares beats by $0.03, reports revs in-line
us.rd.yahoo.com - January 25 at 11:28 PM
finance.yahoo.com logoProsperity Bancshares, Inc.® Reports Fourth Quarter 2016 Earnings
finance.yahoo.com - January 25 at 11:28 PM
biz.yahoo.com logoQ4 2016 Prosperity Bancshares Inc Earnings Release - Before Market Open
biz.yahoo.com - January 25 at 11:28 PM
finance.yahoo.com logoEdited Transcript of PB earnings conference call or presentation 25-Jan-17 3:30pm GMT
finance.yahoo.com - January 25 at 11:28 PM
seekingalpha.com logoProsperity Bancshares: Another Expensive Piece Of Texas - Seeking Alpha
seekingalpha.com - January 4 at 7:55 PM
prnewswire.com logoProsperity Bancshares, Inc.® Invites You To Join Its Fourth Quarter 2016 Earnings Conference Call - PR Newswire (press release)
www.prnewswire.com - December 31 at 6:50 PM
reuters.com logoBRIEF-Prosperity Bancshares files for potential mixed shelf offering size not disclosed
www.reuters.com - December 21 at 7:56 PM
finance.yahoo.com logo4:23 pm Prosperity Bancshares confirms filing for a mixed securities shelf offering
finance.yahoo.com - December 21 at 7:56 PM
us.rd.yahoo.com logoProsperity Bancshares downgraded by FBR & Co.
us.rd.yahoo.com - December 20 at 1:34 PM
nasdaq.com logoProsperity Bancshares, Inc. (PB) Ex-Dividend Date Scheduled for December 14, 2016 - Nasdaq
www.nasdaq.com - December 14 at 5:34 AM
nasdaq.com logoEx-Dividend Reminder: Prosperity Bancshares, Equity One and QTS Realty Trust - Nasdaq
www.nasdaq.com - December 12 at 7:17 PM
finance.yahoo.com logoPROSPERITY BANCSHARES INC Financials
finance.yahoo.com - November 16 at 7:01 PM

Social

Frequently Asked Questions for Prosperity Bancshares (NYSE:PB)

What is Prosperity Bancshares' stock symbol?

Prosperity Bancshares trades on the New York Stock Exchange (NYSE) under the ticker symbol "PB."

How often does Prosperity Bancshares pay dividends? What is the dividend yield for Prosperity Bancshares?

Prosperity Bancshares announced a quarterly dividend on Thursday, January 26th. Shareholders of record on Friday, March 17th will be paid a dividend of $0.34 per share on Monday, April 3rd. This represents a $1.36 annualized dividend and a yield of 2.00%. The ex-dividend date is Wednesday, March 15th.

How were Prosperity Bancshares' earnings last quarter?

Prosperity Bancshares, Inc. (NYSE:PB) posted its quarterly earnings data on Wednesday, January, 25th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.98 by $0.01. The business had revenue of $183.31 million for the quarter, compared to analysts' expectations of $184.46 million. Prosperity Bancshares had a net margin of 34.56% and a return on equity of 7.69%. Prosperity Bancshares's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 earnings per share.

When will Prosperity Bancshares make its next earnings announcement?

Prosperity Bancshares is scheduled to release their next quarterly earnings announcement on Tuesday, April, 25th 2017.

Where is Prosperity Bancshares' stock going? Where will Prosperity Bancshares' stock price be in 2017?

11 brokerages have issued 12 month price targets for Prosperity Bancshares' stock. Their predictions range from $50.00 to $75.00. On average, they anticipate Prosperity Bancshares' stock price to reach $58.38 in the next twelve months.

Who owns Prosperity Bancshares stock?

Prosperity Bancshares' stock is owned by a number of of institutional and retail investors. Top institutional investors include State Street Corp (4.40%), Dimensional Fund Advisors LP (2.28%), Champlain Investment Partners LLC (2.24%), Barrow Hanley Mewhinney & Strauss LLC (1.92%), FMR LLC (1.73%) and Norges Bank (0.81%). Company insiders that own Prosperity Bancshares stock include David Hollaway, Edward Z Safady, H E Timanus Jr, Harrison Stafford II, Leah Henderson, Michael Epps, Perry Mueller Jr, Robert H Steelhammer and William T Iv Luedke.

Who sold Prosperity Bancshares stock? Who is selling Prosperity Bancshares stock?

Prosperity Bancshares' stock was sold by a variety of institutional investors in the last quarter, including Champlain Investment Partners LLC, Loomis Sayles & Co. L P, FMR LLC, Allianz Asset Management AG, Atlanta Capital Management Co. L L C, Davis Capital Partners LLC, Folger Hill Asset Management LP and Barrow Hanley Mewhinney & Strauss LLC. Company insiders that have sold Prosperity Bancshares stock in the last year include David Hollaway, Edward Z Safady, Harrison Stafford II, Leah Henderson, Michael Epps, Perry Mueller Jr and Robert H Steelhammer.

Who bought Prosperity Bancshares stock? Who is buying Prosperity Bancshares stock?

Prosperity Bancshares' stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, State Street Corp, Russell Investments Group Ltd., Handelsbanken Fonder AB, AQR Capital Management LLC, Elkfork Partners LLC, Castleark Management LLC and Comerica Bank. Company insiders that have bought Prosperity Bancshares stock in the last two years include H E Timanus Jr and William T Iv Luedke.

How do I buy Prosperity Bancshares stock?

Shares of Prosperity Bancshares can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Prosperity Bancshares stock cost?

One share of Prosperity Bancshares stock can currently be purchased for approximately $68.16.

Prosperity Bancshares (PB) Chart for Saturday, March, 25, 2017

This page was last updated on 3/25/2017 by MarketBeat.com Staff