NYSE:PB - Prosperity Bancshares Stock Price, News, & Analysis

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$70.83 -1.06 (-1.47 %)
(As of 01/22/2019 04:00 PM ET)
Previous Close$71.89
Today's Range$70.56 - $72.14
52-Week Range$57.01 - $79.20
Volume429,400 shs
Average Volume479,079 shs
Market Capitalization$4.95 billion
P/E Ratio17.98
Dividend Yield2.32%
Beta1.29
Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides retail and commercial banking services to small and medium-sized businesses, and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts. The company also offers 1-4 family residential mortgage, commercial mortgage and multifamily residential, commercial and industrial, agricultural real estate, 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. In addition, it provides Internet banking and other cash management, mobile banking, trust and wealth management, retail brokerage, mortgage banking, and automated telephone banking services, as well as debit and credit cards. As of December 31, 2017, the company operated 242 full service banking locations comprising 65 in the Houston area, including The Woodlands; 29 in the South Texas area consisting of Corpus Christi and Victoria; 33 in the Dallas/Fort Worth area; 22 in the East Texas area; 29 in the Central Texas area comprising Austin and San Antonio; 34 in the West Texas area, including Lubbock, Midland-Odessa and Abilene; 16 in the Bryan/College Station area; 6 in the Central Oklahoma area; and 8 in the Tulsa, Oklahoma area. Prosperity Bancshares, Inc. was founded in 1983 and is based in Houston, Texas.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Previous SymbolNASDAQ:PRSP
CUSIP74360610
Phone281-269-7199

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$793.99 million
Cash Flow$4.7001 per share
Book Value$55.03 per share

Profitability

Net Income$272.16 million

Miscellaneous

Employees3,017
Market Cap$4.95 billion
OptionableOptionable

Prosperity Bancshares (NYSE:PB) Frequently Asked Questions

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 declared a quarterly dividend on Thursday, October 25th. Stockholders of record on Saturday, December 15th will be paid a dividend of $0.41 per share on Wednesday, January 2nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Thursday, December 13th. This is a positive change from Prosperity Bancshares's previous quarterly dividend of $0.36. View Prosperity Bancshares' Dividend History.

How will Prosperity Bancshares' stock buyback program work?

Prosperity Bancshares announced that its board has authorized a stock buyback program on Friday, January 19th 2018, which authorizes the company to buyback 3,470,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

How were Prosperity Bancshares' earnings last quarter?

Prosperity Bancshares, Inc. (NYSE:PB) posted its quarterly earnings results on Wednesday, October, 24th. The bank reported $1.18 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $1.18. The bank had revenue of $187.94 million for the quarter, compared to analyst estimates of $189.08 million. Prosperity Bancshares had a return on equity of 7.86% and a net margin of 36.91%. During the same period last year, the firm posted $0.98 EPS. View Prosperity Bancshares' Earnings History.

When is Prosperity Bancshares' next earnings date?

Prosperity Bancshares is scheduled to release their next quarterly earnings announcement on Wednesday, January 30th 2019. View Earnings Estimates for Prosperity Bancshares.

How can I listen to Prosperity Bancshares' earnings call?

Prosperity Bancshares will be holding an earnings conference call on Wednesday, January 30th at 11:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8778830383.

What price target have analysts set for PB?

8 analysts have issued 12 month price objectives for Prosperity Bancshares' shares. Their forecasts range from $68.00 to $76.00. On average, they expect Prosperity Bancshares' stock price to reach $71.5714 in the next year. This suggests a possible upside of 1.0% from the stock's current price. View Analyst Price Targets for Prosperity Bancshares.

What is the consensus analysts' recommendation for Prosperity Bancshares?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Prosperity Bancshares.

Has Prosperity Bancshares been receiving favorable news coverage?

Media stories about PB stock have been trending very positive recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Prosperity Bancshares earned a media sentiment score of 3.2 on InfoTrie's scale. They also assigned headlines about the bank a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Who are some of Prosperity Bancshares' key competitors?

Who are Prosperity Bancshares' key executives?

Prosperity Bancshares' management team includes the folowing people:
  • Mr. David E. Zalman, Chairman & CEO (Age 61)
  • Mr. H. E. Timanus Jr., Vice Chairman (Age 73)
  • Mr. Edward Z. Safady, Pres (Age 60)
  • Mr. David Hollaway CPA, Exec. VP & CFO (Age 62)
  • Ms. Charlotte M. Rasche J.D., Exec. VP & Gen. Counsel (Age 53)

Who are Prosperity Bancshares' major shareholders?

Prosperity Bancshares' stock is owned by a number of of institutional and retail investors. Top institutional investors include Pwmco LLC (0.13%), Retirement Systems of Alabama (0.12%), Nisa Investment Advisors LLC (0.04%), Bank of Montreal Can (0.03%), Louisiana State Employees Retirement System (0.03%) and New England Research & Management Inc. (0.02%). Company insiders that own Prosperity Bancshares stock include David Hollaway, H E Timanus Jr, Harrison Stafford II, Leah Henderson, Michael Epps, Ned S Holmes, Randy Hester and Robert H Steelhammer. View Institutional Ownership Trends for Prosperity Bancshares.

Which institutional investors are selling Prosperity Bancshares stock?

PB stock was sold by a variety of institutional investors in the last quarter, including New England Research & Management Inc., Trust Department MB Financial Bank N A, Louisiana State Employees Retirement System and First Midwest Bank Trust Division. Company insiders that have sold Prosperity Bancshares company stock in the last year include David Hollaway, Harrison Stafford II, Leah Henderson, Michael Epps, Ned S Holmes, Randy Hester and Robert H Steelhammer. View Insider Buying and Selling for Prosperity Bancshares.

Which institutional investors are buying Prosperity Bancshares stock?

PB stock was acquired by a variety of institutional investors in the last quarter, including Pwmco LLC, CX Institutional, Nisa Investment Advisors LLC, Lavaca Capital LLC, Bank of Montreal Can, Retirement Systems of Alabama and Diversified Trust Co. View Insider Buying and Selling for Prosperity Bancshares.

How do I buy shares of Prosperity Bancshares?

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

What is Prosperity Bancshares' stock price today?

One share of PB stock can currently be purchased for approximately $70.83.

How big of a company is Prosperity Bancshares?

Prosperity Bancshares has a market capitalization of $4.95 billion and generates $793.99 million in revenue each year. The bank earns $272.16 million in net income (profit) each year or $3.94 on an earnings per share basis. Prosperity Bancshares employs 3,017 workers across the globe.

What is Prosperity Bancshares' official website?

The official website for Prosperity Bancshares is http://www.prosperitybankusa.com.

How can I contact Prosperity Bancshares?

Prosperity Bancshares' mailing address is 4295 SAN FELIPE, HOUSTON TX, 77027. The bank can be reached via phone at 281-269-7199 or via email at [email protected]


MarketBeat Community Rating for Prosperity Bancshares (NYSE PB)

Community Ranking:  1.5 out of 5 (star half star)
Outperform Votes:  204 (Vote Outperform)
Underperform Votes:  460 (Vote Underperform)
Total Votes:  664
MarketBeat's community ratings are surveys of what our community members think about Prosperity Bancshares and other stocks. Vote "Outperform" if you believe PB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PB will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/22/2019 by MarketBeat.com Staff

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