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NYSE:PB

Prosperity Bancshares (PB) Stock Forecast, Price & News

$52.84
-0.72 (-1.34%)
(As of 02:08 PM ET)
Compare
Today's Range
$52.62
$53.65
50-Day Range
$53.55
$63.35
52-Week Range
$52.62
$78.76
Volume
163,460 shs
Average Volume
723,327 shs
Market Capitalization
$4.95 billion
P/E Ratio
9.95
Dividend Yield
4.16%
Price Target
$69.32

Prosperity Bancshares MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
31.2% Upside
$69.32 Price Target
Short Interest
Bearish
4.34% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.37
Upright™ Environmental Score
News Sentiment
0.95mentions of Prosperity Bancshares in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.57%
From $5.03 to $5.31 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.39 out of 5 stars

Finance Sector

68th out of 842 stocks

State Commercial Banks Industry

14th out of 174 stocks


PB stock logo

About Prosperity Bancshares (NYSE:PB) Stock

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 Price History

PB Stock News Headlines

U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Prosperity Bancshares (NYSE: PB)
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
The Latest Analyst Ratings for Prosperity Bancshares
Expert Ratings for Prosperity Bancshares
PB - Prosperity Bancshares, Inc.
See More Headlines
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PB Company Calendar

Ex-Dividend for 7/3 Dividend
6/14/2023
Dividend Payable
7/03/2023
Last Earnings
7/26/2023
Ex-Dividend for 10/2 Dividend
9/14/2023
Today
9/27/2023
Dividend Payable
10/02/2023
Next Earnings (Estimated)
10/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$69.32
High Stock Price Forecast
$82.00
Low Stock Price Forecast
$57.00
Forecasted Upside/Downside
+31.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
$524.52 million
Pretax Margin
43.35%

Debt

Sales & Book Value

Annual Sales
$1.24 billion
Cash Flow
$6.36 per share
Book Value
$73.37 per share

Miscellaneous

Free Float
89,786,000
Market Cap
$4.95 billion
Optionable
Optionable
Beta
0.96
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Key Executives

  • Mr. David E. ZalmanMr. David E. Zalman (Age 66)
    Sr. Chairman & CEO
    Comp: $2.88M
  • Mr. H. E. Timanus Jr. (Age 78)
    Chairman
    Comp: $1.45M
  • Mr. Kevin J. Hanigan (Age 66)
    Pres, COO & Director
    Comp: $2.13M
  • Mr. Asylbek Osmonov (Age 41)
    Chief Financial Officer
    Comp: $772.78k
  • Mr. Edward Z. Safady (Age 65)
    Advisory Director & Vice Chairman
    Comp: $1.37M
  • Mr. John Mays Davenport (Age 55)
    Exec. VP & Director of Corp. Strategy
    Comp: $914.51k
  • Ms. Charlotte M. Rasche J.D. (Age 58)
    Exec. VP & Gen. Counsel
  • Mr. Robert J. Dowdell (Age 65)
    Exec. VP
  • Ms. Annette L. Tripp
    Sr. VP & Associate Gen. Counsel
  • Mr. Perry Johnson
    Pres of Camp Wisdom Banking Center













PB Stock - Frequently Asked Questions

Should I buy or sell Prosperity Bancshares stock right now?

9 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 6 buy ratings 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 forecast for 2023?

9 equities research analysts have issued 12-month target prices for Prosperity Bancshares' stock. Their PB share price forecasts range from $57.00 to $82.00. On average, they expect the company's share price to reach $69.32 in the next year. This suggests a possible upside of 31.2% 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 2023?

Prosperity Bancshares' stock was trading at $72.68 on January 1st, 2023. Since then, PB stock has decreased by 27.3% and is now trading at $52.84.
View the best growth stocks for 2023 here
.

Are investors shorting Prosperity Bancshares?

Prosperity Bancshares saw a decrease in short interest in August. As of August 15th, there was short interest totaling 3,830,000 shares, a decrease of 18.5% from the July 31st total of 4,700,000 shares. Based on an average daily volume of 782,200 shares, the short-interest ratio is presently 4.9 days. Approximately 4.3% of the shares of the company are sold short.
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, October 25th 2023.
View our PB earnings forecast
.

How were Prosperity Bancshares' earnings last quarter?

Prosperity Bancshares, Inc. (NYSE:PB) issued its quarterly earnings data on Wednesday, July, 26th. The bank reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.02. The bank had revenue of $276.15 million for the quarter, compared to analyst estimates of $281.98 million. Prosperity Bancshares had a trailing twelve-month return on equity of 7.55% and a net margin of 34.03%.

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

Prosperity Bancshares declared a quarterly dividend on Wednesday, July 19th. Stockholders of record on Friday, September 15th will be given a dividend of $0.55 per share on Monday, October 2nd. This represents a $2.20 annualized dividend and a yield of 4.16%. The ex-dividend date is Thursday, September 14th.
Read our dividend analysis for PB
.

Is Prosperity Bancshares a good dividend stock?

Prosperity Bancshares (NYSE:PB) pays an annual dividend of $2.20 per share and currently has a dividend yield of 4.06%. PB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 41.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PB will have a dividend payout ratio of 41.43% 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?

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).

What is Prosperity Bancshares' stock symbol?

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

Who are Prosperity Bancshares' major shareholders?

Prosperity Bancshares' stock is owned by a variety of institutional and retail investors. Top institutional investors include State Street Corp (9.48%), BlackRock Inc. (8.97%), Victory Capital Management Inc. (6.48%), Dimensional Fund Advisors LP (2.74%), Brown Advisory Inc. (2.71%) and Geode Capital Management LLC (1.43%). Insiders that own company stock include George A Fisk, H E Timanus Jr, L Jack Lord, Robert H Steelhammer and Robert J Dowdell.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Prosperity Bancshares' stock price today?

One share of PB stock can currently be purchased for approximately $52.84.

How much money does Prosperity Bancshares make?

Prosperity Bancshares (NYSE:PB) has a market capitalization of $4.95 billion and generates $1.24 billion in revenue each year. The bank earns $524.52 million in net income (profit) each year or $5.31 on an earnings per share basis.

How many employees does Prosperity Bancshares have?

The company employs 3,633 workers across the globe.

How can I contact Prosperity Bancshares?

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.

This page (NYSE:PB) was last updated on 9/27/2023 by MarketBeat.com Staff

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