Prosperity Bancshares (PB) Stock Price, News & Analysis

12 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, 3 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PB shares.
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12 Wall Street research analysts have issued 1-year price targets for Prosperity Bancshares' shares. Their PB share price targets range from $55.00 to $79.00. On average, they predict the company's share price to reach $65.81 in the next twelve months. This suggests a possible upside of 4.0% from the stock's current price.
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Prosperity Bancshares' stock was trading at $72.68 on January 1st, 2023. Since then, PB shares have decreased by 12.9% and is now trading at $63.29.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
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Prosperity Bancshares, Inc. (NYSE:PB) released its earnings results on Wednesday, October, 25th. The bank reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.04. The bank earned $419.10 million during the quarter, compared to analyst estimates of $278.16 million. Prosperity Bancshares had a trailing twelve-month return on equity of 7.09% and a net margin of 30.16%. During the same period in the prior year, the business earned $1.49 earnings per share.

Prosperity Bancshares declared a quarterly dividend on Wednesday, October 18th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.56 per share on Tuesday, January 2nd. This represents a $2.24 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Thursday, December 14th. This is an increase from the stock's previous quarterly dividend of $0.55.
Read our dividend analysis for PB.

Prosperity Bancshares (NYSE:PB) pays an annual dividend of $2.24 per share and currently has a dividend yield of 3.53%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 44.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PB will have a dividend payout ratio of 43.84% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PB.

ETFs with the largest weight of Prosperity Bancshares (NYSE:PB) stock in their portfolio include ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), SPDR S&P Regional Banking ETF (KRE), Invesco KBW Regional Banking ETF (KBWR), iShares U.S. Regional Banks ETF (IAT), SPDR S&P Bank ETF (KBE), First Trust Financials AlphaDEX Fund (FXO), Invesco S&P MidCap Low Volatility ETF (XMLV) and First Trust Nasdaq Bank ETF (FTXO).

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' stock is owned by many different retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (6.18%), Brown Advisory Inc. (2.69%), Morgan Stanley (2.61%), Massachusetts Financial Services Co. MA (2.49%), Wellington Management Group LLP (2.36%) and American Century Companies Inc. (1.15%). Insiders that own company stock include 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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