Prosperity Bancshares (PB) Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PB shares.
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8 analysts have issued twelve-month price targets for Prosperity Bancshares' stock. Their PB share price forecasts range from $60.00 to $82.00. On average, they expect the company's stock price to reach $73.73 in the next year. This suggests a possible upside of 26.4% from the stock's current price.
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Prosperity Bancshares' stock was trading at $72.68 at the beginning of the year. Since then, PB stock has decreased by 19.7% and is now trading at $58.34.
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Prosperity Bancshares saw a increase in short interest in May. As of May 15th, there was short interest totaling 3,550,000 shares, an increase of 27.2% from the April 30th total of 2,790,000 shares. Based on an average daily volume of 852,300 shares, the short-interest ratio is currently 4.2 days. Currently, 3.9% of the shares of the stock are sold short.
View Prosperity Bancshares' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
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Prosperity Bancshares, Inc. (NYSE:PB) released its quarterly earnings results on Wednesday, April, 26th. The bank reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.04. The bank had revenue of $365.58 million for the quarter, compared to analysts' expectations of $285.02 million. Prosperity Bancshares had a trailing twelve-month return on equity of 7.93% and a net margin of 39.87%. During the same quarter in the prior year, the business earned $1.33 EPS.

Prosperity Bancshares declared a quarterly dividend on Wednesday, April 19th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.55 per share on Monday, July 3rd. This represents a $2.20 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Wednesday, June 14th.
Read our dividend analysis for PB.

ETFs with the largest weight of Prosperity Bancshares (NYSE:PB) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Invesco KBW Regional Banking ETF (KBWR), iShares Focused Value Factor ETF (FOVL), SPDR S&P Regional Banking ETF (KRE), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), SPDR S&P Bank ETF (KBE), iShares U.S. Regional Banks ETF (IAT) and First Trust Nasdaq Bank ETF (FTXO).

Prosperity Bancshares (NYSE:PB) pays an annual dividend of $2.20 per share and currently has a dividend yield of 3.77%. The company has been increasing its dividend for 25 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 38.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PB will have a dividend payout ratio of 38.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PB.

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Prosperity Bancshares investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Scotts Miracle-Gro (SMG), Accenture (ACN), AutoZone (AZO), Designer Brands (DBI) and Micron Technology (MU).

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

Prosperity Bancshares' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.17%), State Street Corp (8.45%), Victory Capital Management Inc. (6.30%), American Century Companies Inc. (2.80%), Brown Advisory Inc. (2.82%) and Dimensional Fund Advisors LP (2.28%). Insiders that own company stock include David Zalman, George A Fisk, H E Timanus Jr, L Jack Lord, Robert H Steelhammer and Robert J Dowdell.
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Shares of PB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PB stock can currently be purchased for approximately $58.34.

Prosperity Bancshares (NYSE:PB) has a market capitalization of $5.50 billion and generates $1.24 billion in revenue each year. The bank earns $524.52 million in net income (profit) each year or $5.77 on an earnings per share basis.

The company employs 3,633 workers across the globe.

Prosperity Bancshares' mailing address is 4295 SAN FELIPE, HOUSTON TX, 77027. The official website for the company is www.prosperitybankusa.com. The bank can be reached via phone at (281) 269-7199, via email at investor.relations@prosperitybanktx.com, or via fax at 281-269-7222.