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

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$74.02 +0.89 (+1.22 %)
(As of 09/20/2018 04:27 AM ET)
Previous Close$73.13
Today's Range$72.89 - $74.50
52-Week Range$59.70 - $79.20
Volume389,300 shs
Average Volume398,807 shs
Market Capitalization$5.14 billion
P/E Ratio18.50
Dividend Yield1.97%
Beta1.34
Prosperity Bancshares logoProsperity 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

Stock Exchange NYSE
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNYSE:PB
CUSIP74360610
Phone281-269-7199

Debt

Debt-to-Equity RatioN/A
Current Ratio0.56
Quick Ratio0.56

Price-To-Earnings

Trailing P/E Ratio18.50
Forward P/E Ratio16.02
P/E Growth1.6

Sales & Book Value

Annual Sales$793.99 million
Price / Sales6.51
Cash Flow$4.7940 per share
Price / Cash15.44
Book Value$55.03 per share
Price / Book1.35

Profitability

EPS (Most Recent Fiscal Year)$3.94
Net Income$272.16 million
Net Margins35.75%
Return on Equity7.59%
Return on Assets1.30%

Miscellaneous

Employees3,017
Outstanding Shares69,840,000
Market Cap$5.14 billion

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, July 26th. Investors of record on Saturday, September 15th will be paid a dividend of $0.36 per share on Monday, October 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Thursday, September 13th. View Prosperity Bancshares' Dividend History.

How will Prosperity Bancshares' stock buyback program work?

Prosperity Bancshares declared that its Board of Directors has initiated a share repurchase program on Friday, January 19th 2018, which allows the company to repurchase 3,470,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

How were Prosperity Bancshares' earnings last quarter?

Prosperity Bancshares, Inc. (NYSE:PB) released its quarterly earnings results on Wednesday, July, 25th. The bank reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.02. The bank earned $190.17 million during the quarter, compared to analysts' expectations of $186.33 million. Prosperity Bancshares had a return on equity of 7.59% and a net margin of 35.75%. The company's quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 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, October, 24th 2018. View Earnings Estimates for Prosperity Bancshares.

What price target have analysts set for PB?

9 equities research analysts have issued 12-month target prices for Prosperity Bancshares' shares. Their predictions range from $70.00 to $79.00. On average, they expect Prosperity Bancshares' stock price to reach $74.5556 in the next year. This suggests a possible upside of 0.7% from the stock's current price. View Analyst Price Targets for Prosperity Bancshares.

What is the consensus analysts' recommendation for Prosperity Bancshares?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last year. There are currently 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Prosperity Bancshares.

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)

Has Prosperity Bancshares been receiving favorable news coverage?

Media stories about PB stock have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Prosperity Bancshares earned a coverage optimism score of 0.18 on Accern's scale. They also assigned news headlines about the bank an impact score of 46.57 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term. View Recent Headlines for Prosperity Bancshares.

Who are Prosperity Bancshares' major shareholders?

Prosperity Bancshares' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.49%), FMR LLC (6.06%), Findlay Park Partners LLP (4.19%), Janus Henderson Group PLC (2.94%), Dimensional Fund Advisors LP (2.48%) and Macquarie Group Ltd. (1.50%). Company insiders that own Prosperity Bancshares stock include David Hollaway, Edward Z Safady, 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 FMR LLC, Wasatch Advisors Inc., Fisher Asset Management LLC, Tiverton Asset Management LLC, Amica Mutual Insurance Co., Mutual of America Capital Management LLC, Wedge Capital Management L L P NC and Amica Pension Fund Board of Trustees. 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 and Randy Hester. 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 Findlay Park Partners LLP, Millennium Management LLC, Envestnet Asset Management Inc., Russell Investments Group Ltd., Raymond James & Associates, BlackRock Inc., Skba Capital Management LLC and Massachusetts Financial Services Co. MA. 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 $74.02.

How big of a company is Prosperity Bancshares?

Prosperity Bancshares has a market capitalization of $5.14 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.

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:  184 (Vote Outperform)
Underperform Votes:  439 (Vote Underperform)
Total Votes:  623
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 9/20/2018 by MarketBeat.com Staff

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