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Prosperity Bancshares (PB) Stock Price, News & Analysis

$62.02
+0.37 (+0.60%)
(As of 12:15 PM ET)
Today's Range
$61.85
$63.16
50-Day Range
$61.65
$68.53
52-Week Range
$49.60
$73.09
Volume
61,726 shs
Average Volume
632,271 shs
Market Capitalization
$5.80 billion
P/E Ratio
13.69
Dividend Yield
3.61%
Price Target
$70.19

Prosperity Bancshares MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
11.3% Upside
$70.19 Price Target
Short Interest
Healthy
2.76% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.37
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$132,174 Sold Last Quarter
Proj. Earnings Growth
14.26%
From $5.05 to $5.77 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.99 out of 5 stars

Finance Sector

6th out of 873 stocks

State Commercial Banks Industry

2nd out of 183 stocks


PB stock logo

About Prosperity Bancshares Stock (NYSE:PB)

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 non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and purchase of equipment and machinery. In addition, it provides internet banking, mobile banking, trust and wealth management, retail brokerage, mortgage services, and treasury management, as well as debit and credit cards. The company was founded in 1983 and is based in Houston, Texas.

PB Stock Price History

PB Stock News Headlines

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Demystifying Prosperity Bancshares: Insights From 5 Analyst Reviews
Q4 2023 Prosperity Bancshares Inc Earnings Call
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Prosperity Bancshares Q4 Net Profit Slips, But Beats Estimates
Prosperity Bancshares (PB) Q4 Earnings Surpass Estimates
The Analyst Landscape: 8 Takes On Prosperity Bancshares
See More Headlines
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Company Calendar

Ex-Dividend for 1/2 Dividend
12/14/2023
Dividend Payable
1/02/2024
Last Earnings
1/24/2024
Today
2/29/2024
Ex-Dividend for 4/1 Dividend
3/14/2024
Dividend Payable
4/01/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Previous Symbol
NASDAQ:PRSP
CUSIP
74360610
Employees
3,633
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$70.19
High Stock Price Target
$80.00
Low Stock Price Target
$55.00
Potential Upside/Downside
+11.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
12 Analysts

Profitability

Net Income
$419.32 million
Pretax Margin
33.45%

Debt

Sales & Book Value

Annual Sales
$1.60 billion
Cash Flow
$5.27 per share
Book Value
$75.69 per share

Miscellaneous

Free Float
89,779,000
Market Cap
$5.89 billion
Optionable
Optionable
Beta
0.95
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Key Executives















PB Stock Analysis - Frequently Asked Questions

Should I buy or sell Prosperity Bancshares stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last year. There are currently 4 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PB shares.
View PB analyst ratings
or view top-rated stocks.

What is Prosperity Bancshares' stock price target for 2024?

12 Wall Street analysts have issued 12 month target prices for Prosperity Bancshares' shares. Their PB share price targets range from $55.00 to $80.00. On average, they anticipate the company's share price to reach $70.19 in the next year. This suggests a possible upside of 11.3% from the stock's current price.
View analysts price targets for PB
or view top-rated stocks among Wall Street analysts.

How have PB shares performed in 2024?

Prosperity Bancshares' stock was trading at $67.73 on January 1st, 2024. Since then, PB stock has decreased by 6.9% and is now trading at $63.09.
View the best growth stocks for 2024 here
.

Are investors shorting Prosperity Bancshares?

Prosperity Bancshares saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 2,530,000 shares, an increase of 15.5% from the January 15th total of 2,190,000 shares. Based on an average daily trading volume, of 622,500 shares, the short-interest ratio is presently 4.1 days. Approximately 2.8% of the company's stock are short sold.
View Prosperity Bancshares' Short Interest
.

When is Prosperity Bancshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our PB earnings forecast
.

How were Prosperity Bancshares' earnings last quarter?

Prosperity Bancshares, Inc. (NYSE:PB) issued its quarterly earnings data on Wednesday, January, 24th. The bank reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. The bank had revenue of $413 million for the quarter, compared to analyst estimates of $279.34 million. Prosperity Bancshares had a trailing twelve-month return on equity of 6.62% and a net margin of 26.24%. During the same period in the previous year, the company posted $1.51 EPS.

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

Prosperity Bancshares announced a quarterly dividend on Wednesday, January 17th. Investors of record on Friday, March 15th will be paid a dividend of $0.56 per share on Monday, April 1st. This represents a $2.24 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for PB
.

Is Prosperity Bancshares a good dividend stock?

Prosperity Bancshares (NYSE:PB) pays an annual dividend of $2.24 per share and currently has a dividend yield of 3.57%. The company has been increasing its dividend for 27 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 49.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PB will have a dividend payout ratio of 38.82% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PB.

What is David Zalman's approval rating as Prosperity Bancshares' CEO?

72 employees have rated Prosperity Bancshares Chief Executive Officer David Zalman on Glassdoor.com. David Zalman has an approval rating of 52% among the company's employees. This puts David Zalman in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Prosperity Bancshares own?
Who are Prosperity Bancshares' major shareholders?

Prosperity Bancshares' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.34%), Victory Capital Management Inc. (6.33%), Dimensional Fund Advisors LP (3.67%), Brown Advisory Inc. (2.70%), Massachusetts Financial Services Co. MA (2.48%) and Charles Schwab Investment Management Inc. (1.17%). Insiders that own company stock include George A Fisk, H E Timanus Jr, L Jack Lord and Robert H Steelhammer.
View institutional ownership trends
.

How do I buy shares of Prosperity Bancshares?

Shares of PB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PB) was last updated on 2/29/2024 by MarketBeat.com Staff