Prosperity Bancshares (PB) Stock Forecast, Price & News

9 Wall Street equities 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 equities research analysts is that investors should "moderate buy" PB shares.
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9 analysts have issued twelve-month target prices for Prosperity Bancshares' shares. Their PB share price forecasts range from $60.00 to $82.00. On average, they anticipate the company's stock price to reach $69.86 in the next year. This suggests a possible upside of 28.0% from the stock's current price.
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Prosperity Bancshares' stock was trading at $72.68 at the start of the year. Since then, PB shares have decreased by 24.9% and is now trading at $54.58.
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Prosperity Bancshares saw a drop in short interest in August. As of August 15th, there was short interest totaling 3,830,000 shares, a drop of 18.5% from the July 31st total of 4,700,000 shares. Based on an average daily volume of 782,200 shares, the days-to-cover ratio is presently 4.9 days. Currently, 4.3% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our PB earnings forecast.

Prosperity Bancshares, Inc. (NYSE:PB) posted 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%.

Prosperity Bancshares declared a quarterly dividend on Wednesday, July 19th. Investors of record on Friday, September 15th will be paid a dividend of $0.55 per share on Monday, October 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date is Thursday, September 14th.
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 Financial AlphaDEX Fund (FXO), Invesco S&P MidCap Low Volatility ETF (XMLV) 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 3.94%. 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.

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 many different 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 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 $54.58.

Prosperity Bancshares (NYSE:PB) has a market capitalization of $5.12 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.

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.