Prosperity Bancshares Company Profile (NYSE:PB)

About Prosperity Bancshares

Prosperity Bancshares logoProsperity Bancshares, Inc. is a financial holding company. The Company operates through its bank subsidiary, Prosperity Bank (the Bank). The Bank provides a range of financial products and services to small and medium-sized businesses and consumers. The Company's additional products and services include trust services, brokerage, mortgage lending, credit card and independent sales organization (ISO) sponsorship operations. The Company also has a trust department, which provides trust services in the Company's various market areas. The Bank offers a range of loan products, including term loans, lines of credit and loans for working capital, business expansion and the purchase of equipment and machinery; land development and interim construction loans for builders, and owner-occupied and non-owner occupied commercial real estate loans. The Bank also offers other loans, such as commercial and industrial loans, one- to four-family residential loans, agriculture loans and consumer loans.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Southwest Banks
  • Sub-Industry: Regional Banks
  • Exchange: NYSE
  • Symbol: PB
  • CUSIP: 74360610
Key Metrics:
  • Previous Close: $71.45
  • 50 Day Moving Average: $61.50
  • 200 Day Moving Average: $55.03
  • 52-Week Range: $33.57 - $72.34
  • Trailing P/E Ratio: 18.09
  • Foreward P/E Ratio: 18.04
  • P/E Growth: 0.00
  • Market Cap: $4.96B
  • Outstanding Shares: 69,483,000
  • Beta: 1.27
Profitability:
  • Net Margins: 34.83%
  • Return on Equity: 7.83%
  • Return on Assets: 1.27%
Debt:
  • Current Ratio: 0.56%
  • Quick Ratio: 0.56%
Additional Links:
Companies Related to Prosperity Bancshares:

Analyst Ratings

Consensus Ratings for Prosperity Bancshares (NYSE:PB) (?)
Ratings Breakdown: 4 Sell Ratings, 8 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $52.86 (26.02% downside)

Analysts' Ratings History for Prosperity Bancshares (NYSE:PB)
Show:
DateFirmActionRatingPrice TargetDetails
11/30/2016WedbushBoost Price TargetUnderperform$58.00 -> $59.00View Rating Details
11/16/2016Morgan StanleyDowngradeEqual Weight -> Underweight$56.00 -> $58.00View Rating Details
11/14/2016Hovde GroupDowngradeOutperform -> Market PerformView Rating Details
10/27/2016DA DavidsonDowngradeBuy -> NeutralView Rating Details
10/11/2016Deutsche Bank AGBoost Price TargetHold$54.00 -> $59.00View Rating Details
10/11/2016FBR & CoUpgradeMarket Perform -> Outperform$55.00 -> $60.00View Rating Details
10/6/2016SunTrust Banks Inc.Initiated CoverageNeutralView Rating Details
6/9/2016Evercore ISIUpgradeHold -> Buy$60.00View Rating Details
6/7/2016Compass PointInitiated CoverageNeutral$50.00View Rating Details
5/9/2016Raymond James Financial Inc.UpgradeUnderperform -> OutperformView Rating Details
4/28/2016Royal Bank Of CanadaBoost Price TargetSector Perform$48.00 -> $52.00View Rating Details
4/27/2016FIG PartnersDowngradeOutperform -> Market PerformView Rating Details
1/28/2016JPMorgan Chase & Co.Reiterated RatingSellView Rating Details
1/28/2016MacquarieLower Price TargetNeutral$51.00 -> $48.00View Rating Details
1/28/2016Keefe, Bruyette & WoodsUpgradeMarket Perform -> Outperform$54.00View Rating Details
1/14/2016Sterne Agee CRTLower Price Target$49.00 -> $46.00View Rating Details
1/12/2016Bank of America Corp.DowngradeNeutral -> Underperform$55.00 -> $44.00View Rating Details
6/12/2015Piper Jaffray Cos.Initiated CoverageNeutral$59.00View Rating Details
3/11/2015BMO Capital MarketsDowngradeOutperform -> Market Perform$54.00 -> $53.00View Rating Details
(Data available from 12/9/2014 forward)

Earnings

Earnings History for Prosperity Bancshares (NYSE:PB)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/25/2017        
10/26/2016Q316$0.99$0.99$189.25 million$183.80 millionViewListenView Earnings Details
7/27/2016Q216$0.99$0.98$191.69 millionViewListenView Earnings Details
4/27/2016Q116$0.96$0.98$185.10 millionViewListenView Earnings Details
1/27/2016Q415$1.00$1.01$187.79 million$183.60 millionViewListenView Earnings Details
10/23/2015Q315$1.01$1.01$188.99 millionViewListenView Earnings Details
7/24/2015Q215$1.03$1.03$193.46 millionViewListenView Earnings Details
4/24/2015Q115$1.05$1.05$200.59 million$191.33 millionViewN/AView Earnings Details
1/23/2015Q414$1.09$1.12$203.13 millionViewN/AView Earnings Details
10/29/2014Q314$1.07$1.10$201.80 millionViewN/AView Earnings Details
7/25/2014Q214$1.03$1.08$195.80 millionViewN/AView Earnings Details
4/23/2014Q114$0.99$1.01$173.11 millionViewN/AView Earnings Details
1/24/2014Q413$0.91$0.98$156.17 millionViewListenView Earnings Details
10/23/2013Q313$0.90$0.91$141.15 millionViewN/AView Earnings Details
7/24/2013Q2 2013$0.88$0.89$141.30 millionViewListenView Earnings Details
4/24/2013Q1 2013$0.84$0.86$130.72 millionViewListenView Earnings Details
1/25/2013Q4 2012$0.84$0.85$129.76 millionViewN/AView Earnings Details
10/24/2012$0.80$0.82ViewN/AView Earnings Details
7/27/2012$0.77$0.78ViewN/AView Earnings Details
4/27/2012$0.73$0.77ViewN/AView Earnings Details
1/20/2012$0.76$0.77ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Prosperity Bancshares (NYSE:PB)
Current Year EPS Consensus Estimate: $3.93 EPS
Next Year EPS Consensus Estimate: $3.96 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20166$0.93$0.99$0.95
Q2 20164$0.93$1.01$0.99
Q3 20165$0.95$1.01$0.99
Q4 20165$0.94$1.00$0.98
Q1 20175$0.91$0.98$0.95
Q2 20175$0.95$1.00$0.98
Q3 20174$1.00$1.03$1.02
Q4 20175$1.01$1.04$1.03
Q1 20182$0.97$0.99$0.98
Q2 20182$1.02$1.02$1.02
Q3 20182$1.04$1.08$1.06
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Prosperity Bancshares (NYSE:PB)
Annual Dividend:$1.20
Dividend Yield:1.68%
Dividend Growth:3.10% (3 Year Average)
Payout Ratio:30.30% (Based on Trailing 12 Months of Earnings)
30.53% (Based on Current Year Consensus EPS Estimate)
30.30% (Based on Next Year Consensus EPS Estimate)
Track Record:12 Years of Consecutive Dividend Growth

Dividend History for Prosperity Bancshares (NYSE:PB)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
10/27/2016quarterly$0.342.44%12/14/201612/16/20161/3/2017
7/28/2016quarterly$0.302.3%9/14/20169/16/201610/3/2016
4/28/2016quarterly$0.302.3%6/15/20166/17/20167/1/2016
1/28/2016quarterly$0.302.92%3/16/20163/18/20164/1/2016
10/26/2015quarterly$0.302.36%12/16/201512/18/20151/4/2016
7/24/2015quarterly$0.272%9/16/20159/18/201510/1/2015
4/27/2015quarterly$0.272.12%6/11/20156/15/20157/1/2015
2/2/2015quarterly$0.272.28%3/12/20153/16/20154/1/2015
10/29/2014quarterly$0.271.83%12/11/201412/15/20141/2/2015
9/8/2014quarterly$0.241.6%9/11/20149/15/201410/1/2014
4/23/2014quarterly$0.241.59%6/12/20146/16/20147/1/2014
3/4/2014quarterly$0.241.5%3/12/20143/14/20144/1/2014
10/23/2013quarterly$0.241.51%12/12/201312/16/20131/2/2014
9/5/2013quarterly$0.221.43%9/12/20139/16/201310/1/2013
6/6/2013quarterly$0.221.74%6/13/20136/17/20137/1/2013
3/5/2013quarterly$0.221.85%3/13/20133/15/20134/1/2013
12/4/2012quarterly$0.2212/14/201212/31/2012
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Prosperity Bancshares (NYSE:PB)
Insider Ownership Percentage: 4.90%
Institutional Ownership Percentage: 74.23%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/23/2016Edward Z SafadyPresidentSell5,000$66.15$330,750.00View SEC Filing  
11/18/2016Michael EppsInsiderSell5,000$63.90$319,500.00View SEC Filing  
11/8/2016Harrison Stafford IIDirectorSell2,000$55.00$110,000.00View SEC Filing  
10/31/2016David HollawayCFOSell978$55.56$54,337.68View SEC Filing  
9/12/2016Robert H SteelhammerDirectorSell2,900$54.00$156,600.00View SEC Filing  
8/25/2016Perry Mueller JrDirectorSell13,536$54.00$730,944.00View SEC Filing  
6/27/2016H E Timanus JrVice ChairmanBuy6,500$45.09$293,085.00View SEC Filing  
2/18/2016Robert H SteelhammerDirectorSell8,000$42.24$337,920.00View SEC Filing  
2/2/2016H E Timanus JrVice ChairmanBuy3,000$40.30$120,900.00View SEC Filing  
1/29/2016Robert H SteelhammerDirectorSell7,000$42.17$295,190.00View SEC Filing  
12/18/2015Robert H SteelhammerDirectorSell5,000$46.58$232,900.00View SEC Filing  
12/8/2015Robert H SteelhammerDirectorSell10,000$51.00$510,000.00View SEC Filing  
11/23/2015David HollawayCFOSell1,000$55.33$55,330.00View SEC Filing  
9/10/2015Robert H. SteelhammerDirectorSell15,000$50.51$757,650.00View SEC Filing  
9/4/2015William T Iv LuedkeDirectorBuy2,000$49.38$98,760.00View SEC Filing  
8/24/2015H E Timanus JrVice ChairmanBuy3,000$48.50$145,500.00View SEC Filing  
6/12/2015Robert H SteelhammerDirectorSell20,000$57.09$1,141,800.00View SEC Filing  
6/5/2015Leah HendersonDirectorSell2,700$55.74$150,498.00View SEC Filing  
5/6/2015David HollawayCFOSell1,068$53.48$57,116.64View SEC Filing  
3/2/2015Robert H SteelhammerDirectorSell10,000$51.88$518,800.00View SEC Filing  
1/28/2015H E Timanus JrChairmanBuy6,000$46.69$280,140.00View SEC Filing  
12/16/2014Robert H SteelhammerDirectorSell16,000$53.02$848,320.00View SEC Filing  
6/5/2014Robert H SteelhammerDirectorSell2,400$59.65$143,160.00View SEC Filing  
5/16/2014H Timanus, Jr.ChairmanBuy2,000$56.72$113,440.00View SEC Filing  
3/18/2014Perry Mueller, Jr.DirectorSell50,000$65.00$3,250,000.00View SEC Filing  
2/18/2014Michael EppsEVPSell5,000$63.34$316,700.00View SEC Filing  
2/4/2014Michael EppsEVPSell5,000$61.50$307,500.00View SEC Filing  
12/30/2013W.R. CollierDirectorSell10,000$63.30$633,000.00View SEC Filing  
5/10/2013Randy HesterInsiderSell34,272$47.19$1,617,295.68View SEC Filing  
12/18/2012Ned S HolmesDirectorBuy2,000$42.62$85,240.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Prosperity Bancshares (NYSE:PB)
DateHeadline
News IconChecking Indicator Levels for Prosperity Bancshares Inc. (PB) - Yankee Analysts (NYSE:PB)
yankeeanalysts.com - December 1 at 12:18 AM
News IconToday’s Rating Alert: Is Prosperity Bancshares (NYSE:PB) a Sell? Hovde Group Downgrades It (NYSE:PB)
www.whatsonthorold.com - November 18 at 6:20 PM
finance.yahoo.com logoPROSPERITY BANCSHARES INC Financials (NYSE:PB)
finance.yahoo.com - November 16 at 7:01 PM
News IconRating Worth Mentioning: Does Prosperity Bancshares (PB) Look Bad? Hovde Group Downgrades It (NYSE:PB)
www.whatsonthorold.com - November 14 at 6:59 PM
finance.yahoo.com logoProsperity Bancshares downgraded by Hovde Group (NYSE:PB)
finance.yahoo.com - November 14 at 10:50 AM
News IconProsperity Bancshares Inc. (PB) Receives Average Recommendation of “Hold” from Analysts - Digital Cameras Planet Blog (blog) (NYSE:PB)
digital-cameras-planet.com - November 8 at 6:28 PM
biz.yahoo.com logoPROSPERITY BANCSHARES INC Files SEC form 10-Q, Quarterly Report (NYSE:PB)
biz.yahoo.com - November 7 at 7:28 PM
investornewswire.com logoCan Shares Of Prosperity Bancshares, Inc. (NYSE:PB) Hit $62? - Investor Newswire (NYSE:PB)
www.investornewswire.com - November 7 at 10:35 AM
News IconWhat are Analysts Expecting for Prosperity Bancshares, Inc. (NYSE:PB) Earnings? - CSZ News (NYSE:PB)
cincysportszone.com - November 4 at 6:15 PM
capitalcube.com logoETF’s with exposure to Prosperity Bancshares, Inc. : November 3, 2016 (NYSE:PB)
www.capitalcube.com - November 3 at 6:48 PM
capitalcube.com logoProsperity Bancshares, Inc. breached its 50 day moving average in a Bearish Manner : PB-US : November 3, 2016 (NYSE:PB)
www.capitalcube.com - November 3 at 10:46 AM
capitalcube.com logoProsperity Bancshares, Inc. :PB-US: Earnings Analysis: Q3, 2016 By the Numbers : November 2, 2016 (NYSE:PB)
www.capitalcube.com - November 2 at 7:00 PM
publicnow.com logoClick here for presentation material (NYSE:PB)
www.publicnow.com - November 1 at 11:08 AM
investornewswire.com logoProsperity Bancshares, Inc. (NYSE:PB) Buy Calls At 2 - Investor Newswire (NYSE:PB)
www.investornewswire.com - October 30 at 6:52 PM
News IconProsperity Bancshares Inc. (PB) shares fall following downgrade at DA Davidson - BNB Daily (blog) (NYSE:PB)
www.baseball-news-blog.com - October 29 at 6:22 PM
News IconSell-side Taking Aim at Shares of Prosperity Bancshares, Inc. (NYSE ... - CSZ News (NYSE:PB)
cincysportszone.com - October 29 at 6:22 PM
investornewswire.com logoProsperity Bancshares, Inc. (NYSE:PB) EPS Estimate At $1.03? - Investor Newswire (NYSE:PB)
www.investornewswire.com - October 27 at 11:38 AM
finance.yahoo.com logoProsperity Bancshares meets 3Q profit forecasts - Yahoo Finance (NYSE:PB)
finance.yahoo.com - October 27 at 11:38 AM
seekingalpha.com logoProsperity Bancshares' (PB) CEO David Zalman on Q3 2016 Results - Earnings Call Transcript - Seeking Alpha (NYSE:PB)
seekingalpha.com - October 27 at 11:38 AM
finance.yahoo.com logoProsperity Bancshares' (PB) Q3 Earnings In Line, Costs Up (NYSE:PB)
finance.yahoo.com - October 27 at 11:38 AM
finance.yahoo.com logoEdited Transcript of PB earnings conference call or presentation 26-Oct-16 2:30pm GMT (NYSE:PB)
finance.yahoo.com - October 27 at 11:38 AM
seekingalpha.com logoProsperity Bancshares' (PB) CEO David Zalman on Q3 2016 Results - Earnings Call Transcript (NYSE:PB)
seekingalpha.com - October 26 at 6:45 PM
4-traders.com logoPROSPERITY BANCSHARES INC : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K) (NYSE:PB)
www.4-traders.com - October 26 at 10:03 AM
reuters.com logoBRIEF-Prosperity Bancshares Q3 earnings per share $0.99 (NYSE:PB)
www.reuters.com - October 26 at 10:03 AM
sg.finance.yahoo.com logoProsperity Bancshares meets 3Q profit forecasts (NYSE:PB)
sg.finance.yahoo.com - October 26 at 10:03 AM
finance.yahoo.com logoProsperity Bancshares, Inc.® Reports Third Quarter 2016 Earnings (NYSE:PB)
finance.yahoo.com - October 26 at 10:03 AM
biz.yahoo.com logoQ3 2016 Prosperity Bancshares Inc Earnings Release - Before Market Open (NYSE:PB)
biz.yahoo.com - October 26 at 10:03 AM
finance.yahoo.com logoRegional US Banks Offer Strong Predictable Value (NYSE:PB)
finance.yahoo.com - October 21 at 6:44 PM
capitalcube.com logoETF’s with exposure to Prosperity Bancshares, Inc. : October 19, 2016 (NYSE:PB)
www.capitalcube.com - October 19 at 7:01 PM
News IconIs this Large Market Cap Stock target price reasonable for Prosperity Bancshares Inc. (NYSE:PB)? - The Daily Leicester (NYSE:PB)
thedailyleicester.com - October 15 at 6:17 PM

Social

Prosperity Bancshares (NYSE:PB) Chart for Friday, December, 9, 2016


Last Updated on 12/9/2016 by MarketBeat.com Staff