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NYSE:PB

Prosperity Bancshares (PB) Stock Forecast, Price & News

$60.97
-0.37 (-0.60%)
(As of 01:51 PM ET)
Compare
Today's Range
$60.69
$61.49
50-Day Range
$57.23
$62.62
52-Week Range
$55.95
$78.76
Volume
118,561 shs
Average Volume
718,668 shs
Market Capitalization
$5.75 billion
P/E Ratio
10.57
Dividend Yield
3.61%
Price Target
$73.73

Prosperity Bancshares MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
20.2% Upside
$73.73 Price Target
Short Interest
Bearish
3.94% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.37
Upright™ Environmental Score
News Sentiment
0.47mentions of Prosperity Bancshares in the last 14 days
Based on 7 Articles This Week
Insider Trading
Acquiring Shares
$373,100 Bought Last Quarter
Proj. Earnings Growth
6.89%
From $5.37 to $5.74 Per Share

Overall MarketRank

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

3.06 out of 5 stars

Finance Sector

47th out of 863 stocks

State Commercial Banks Industry

15th out of 177 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.

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PB Stock News Headlines

All Electric Commitment From GM, Volkswagen, Could Put Lithium Sector In A Supercycle
More automakers are pledging to go "fully electric" by 2035. NOW is the perfect time to get in on the "EV Revolution." And the best way to potentially do that, is to skip over the overvalued electric vehicle stocks...
All Electric Commitment From GM, Volkswagen, Could Put Lithium Sector In A Supercycle
More automakers are pledging to go "fully electric" by 2035. NOW is the perfect time to get in on the "EV Revolution." And the best way to potentially do that, is to skip over the overvalued electric vehicle stocks...
Q1 2023 Prosperity Bancshares Inc Earnings Call
See More Headlines

PB Price History

PB Company Calendar

Ex-Dividend for 4/3 Dividend
3/14/2023
Dividend Payable
4/03/2023
Last Earnings
4/26/2023
Today
6/09/2023
Ex-Dividend for 7/3 Dividend
6/14/2023
Dividend Payable
7/03/2023
Next Earnings (Estimated)
7/26/2023
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
$73.73
High Stock Price Forecast
$82.00
Low Stock Price Forecast
$60.00
Forecasted Upside/Downside
+20.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

Net Income
$524.52 million
Pretax Margin
50.67%

Debt

Sales & Book Value

Annual Sales
$1.24 billion
Cash Flow
$6.62 per share
Book Value
$73.37 per share

Miscellaneous

Free Float
90,320,000
Market Cap
$5.78 billion
Optionable
Optionable
Beta
0.96

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?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last year. There are currently 1 sell rating, 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PB shares.
View PB analyst ratings
or view top-rated stocks.

What is Prosperity Bancshares' stock price forecast for 2023?

8 analysts have issued 1 year price objectives for Prosperity Bancshares' stock. Their PB share price forecasts range from $60.00 to $82.00. On average, they expect the company's stock price to reach $73.73 in the next year. This suggests a possible upside of 20.2% 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 at the beginning of the year. Since then, PB stock has decreased by 15.6% and is now trading at $61.34.
View the best growth stocks for 2023 here
.

Are investors shorting Prosperity Bancshares?

Prosperity Bancshares saw a increase in short interest in May. As of May 15th, there was short interest totaling 3,550,000 shares, an increase of 27.2% from the April 30th total of 2,790,000 shares. Based on an average daily trading volume, of 852,300 shares, the short-interest ratio is currently 4.2 days. Approximately 3.9% of the company's stock 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, July 26th 2023.
View our PB earnings forecast
.

How were Prosperity Bancshares' earnings last quarter?

Prosperity Bancshares, Inc. (NYSE:PB) announced its quarterly earnings data on Wednesday, April, 26th. The bank reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.04. The bank earned $365.58 million during the quarter, compared to analyst estimates of $285.02 million. Prosperity Bancshares had a net margin of 39.87% and a trailing twelve-month return on equity of 7.93%. During the same quarter in the previous year, the company posted $1.33 earnings per share.

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

Prosperity Bancshares announced a quarterly dividend on Wednesday, April 19th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.55 per share on Monday, July 3rd. This represents a $2.20 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Wednesday, June 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 3.64%. 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 38.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PB will have a dividend payout ratio of 38.33% 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (9.17%), State Street Corp (8.45%), Victory Capital Management Inc. (6.30%), American Century Companies Inc. (2.80%), Brown Advisory Inc. (2.82%) and Dimensional Fund Advisors LP (2.28%). 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.
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 $61.34.

How much money does Prosperity Bancshares make?

Prosperity Bancshares (NYSE:PB) has a market capitalization of $5.78 billion and generates $1.24 billion in revenue each year. The bank earns $524.52 million in net income (profit) each year or $5.77 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 6/9/2023 by MarketBeat.com Staff

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