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NYSE:PB - Prosperity Bancshares Stock Price, Forecast & News

$49.28
-2.41 (-4.66 %)
(As of 03/29/2020 04:00 PM ET)
Today's Range
$48.33
Now: $49.28
$50.47
50-Day Range
$43.07
MA: $63.58
$74.87
52-Week Range
$42.02
Now: $49.28
$75.22
Volume698,049 shs
Average Volume1.29 million shs
Market Capitalization$4.67 billion
P/E Ratio10.81
Dividend Yield3.56%
Beta1.22
Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides retail and commercial banking services to small and medium-sized businesses, and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts. The company also offers 1-4 family residential mortgage, commercial mortgage and multifamily residential, commercial and industrial, agricultural real estate, 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. In addition, it provides Internet banking and other cash management, mobile banking, trust and wealth management, retail brokerage, mortgage banking, and automated telephone banking services, as well as debit and credit cards. As of December 31, 2018, the company operated 242 full service banking locations comprising 65 in the Houston area, including The Woodlands; 29 in the South Texas area consisting of Corpus Christi and Victoria; 33 in the Dallas/Fort Worth area; 22 in the East Texas area; 29 in the Central Texas area comprising Austin and San Antonio; 34 in the West Texas area, including Lubbock, Midland-Odessa and Abilene; 16 in the Bryan/College Station area; 6 in the Central Oklahoma area; and 8 in the Tulsa, Oklahoma area. Prosperity Bancshares, Inc. was founded in 1983 and is based in Houston, Texas.
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Prosperity Bancshares logo

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Previous SymbolNASDAQ:PRSP
CUSIP74360610
Phone281-269-7199

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$957.22 million
Cash Flow$4.21 per share
Book Value$63.02 per share

Profitability

Net Income$332.55 million

Miscellaneous

Employees3,901
Market Cap$4.67 billion
Next Earnings Date4/22/2020 (Estimated)
OptionableOptionable

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Prosperity Bancshares (NYSE:PB) Frequently Asked Questions

How has Prosperity Bancshares' stock been impacted by COVID-19 (Coronavirus)?

Prosperity Bancshares' stock was trading at $50.81 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PB shares have decreased by 3.0% and is now trading at $49.28. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Prosperity Bancshares?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last year. There are currently 2 sell ratings, 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Prosperity Bancshares.

When is Prosperity Bancshares' next earnings date?

Prosperity Bancshares is scheduled to release its next quarterly earnings announcement on Wednesday, April 22nd 2020. View our earnings forecast for Prosperity Bancshares.

How were Prosperity Bancshares' earnings last quarter?

Prosperity Bancshares, Inc. (NYSE:PB) posted its earnings results on Wednesday, January, 29th. The bank reported $1.44 EPS for the quarter, beating the consensus estimate of $1.22 by $0.22. The bank earned $267.54 million during the quarter, compared to analyst estimates of $248.69 million. Prosperity Bancshares had a return on equity of 8.04% and a net margin of 34.66%. During the same period last year, the firm posted $1.19 EPS. View Prosperity Bancshares' earnings history.

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

Prosperity Bancshares declared a quarterly dividend on Thursday, January 30th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.46 per share on Wednesday, April 1st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Friday, March 13th. View Prosperity Bancshares' dividend history.

What price target have analysts set for PB?

8 equities research analysts have issued twelve-month target prices for Prosperity Bancshares' shares. Their forecasts range from $62.00 to $82.00. On average, they anticipate Prosperity Bancshares' share price to reach $74.92 in the next year. This suggests a possible upside of 52.0% from the stock's current price. View analysts' price targets for Prosperity Bancshares.

What are Wall Street analysts saying about Prosperity Bancshares stock?

Here are some recent quotes from research analysts about Prosperity Bancshares stock:
  • 1. According to Zacks Investment Research, "Shares of Prosperity Bancshares have outperformed the industry so far this year. The company has a decent earnings surprise history. The bank has surpassed the Zacks Consensus Estimate in two of the trailing four quarters. The deal to acquire LegacyTexas Financial will be accretive to earnings in 2020 and lead to cost savings too. Further, improving asset quality, and solid loan and deposit balances are likely to support profitability in the quarters ahead. Moreover, steady capital deployment actions reflect strong balance sheet position and will enhance shareholder value. Nevertheless, weakness in mortgage banking business and pressure on margins (due to lower yields) will likely have an adverse impact on revenue growth to some extent. Additionally, mounting operating expenses remain a concern and might hurt bottom-line growth to some extent." (10/3/2019)
  • 2. Stephens analysts commented, "We are lowering our 2020 EPS outlook to account for the soft balance sheet trends and moderating fee income and decreasing our price target to $74 (was $76) that is based on 15x our 2020 EPS forecast of $4.95. We reiterate our Equal-Weight rating." (4/24/2019)

Has Prosperity Bancshares been receiving favorable news coverage?

Media headlines about PB stock have been trending extremely negative on Sunday, InfoTrie Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Prosperity Bancshares earned a coverage optimism score of -4.0 on InfoTrie's scale. They also assigned media stories about the bank a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term. View the latest news aboutProsperity Bancshares.

Who are some of Prosperity Bancshares' key competitors?

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), NanoString Technologies (NSTG) and Designer Brands (DBI).

Who are Prosperity Bancshares' key executives?

Prosperity Bancshares' management team includes the following people:
  • Mr. David E. Zalman, Sr. Chairman & CEO (Age 62)
  • Mr. H. E. Timanus Jr., Vice Chairman (Age 74)
  • Mr. Edward Z. Safady, Pres (Age 61)
  • Ms. Charlotte M. Rasche J.D., Exec. VP & Gen. Counsel (Age 54)
  • Mr. Randy D. Hester, Exec. VP (Age 60)

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 retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (6.06%), Victory Capital Management Inc. (5.45%), State Street Corp (4.48%), Champlain Investment Partners LLC (3.73%), Massachusetts Financial Services Co. MA (2.82%) and Janus Henderson Group PLC (2.70%). Company insiders that own Prosperity Bancshares stock include Asylbek Osmonov, Charlotte M Rasche, David Zalman, H E Timanus Jr, Harrison Stafford II, Kevin J Hanigan, Leah Henderson, Ned S Holmes, Randy Hester, Robert H Steelhammer and Robert J Dowdell. View institutional ownership trends for Prosperity Bancshares.

Which institutional investors are selling Prosperity Bancshares stock?

PB stock was sold by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Wedge Capital Management L L P NC, South Dakota Investment Council, Man Group plc, Olstein Capital Management L.P., Point72 Asset Management L.P., Sei Investments Co., and Hancock Whitney Corp. View insider buying and selling activity for Prosperity Bancshares.

Which institutional investors are buying Prosperity Bancshares stock?

PB stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, State Street Corp, Victory Capital Management Inc., Massachusetts Financial Services Co. MA, Port Capital LLC, Bank of New York Mellon Corp, Janus Henderson Group PLC, and Goldman Sachs Group Inc.. Company insiders that have bought Prosperity Bancshares stock in the last two years include Asylbek Osmonov, Charlotte M Rasche, David Zalman, H E Timanus Jr, and Kevin J Hanigan. View insider buying and selling activity for Prosperity Bancshares.

How do I buy shares of Prosperity Bancshares?

Shares of PB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Prosperity Bancshares' stock price today?

One share of PB stock can currently be purchased for approximately $49.28.

How big of a company is Prosperity Bancshares?

Prosperity Bancshares has a market capitalization of $4.67 billion and generates $957.22 million in revenue each year. The bank earns $332.55 million in net income (profit) each year or $5.02 on an earnings per share basis. Prosperity Bancshares employs 3,901 workers across the globe. View additional information about Prosperity Bancshares.

What is Prosperity Bancshares' official website?

The official website for Prosperity Bancshares is http://www.prosperitybankusa.com/.

How can I contact Prosperity Bancshares?

Prosperity Bancshares' mailing address is 4295 SAN FELIPE, HOUSTON TX, 77027. The bank can be reached via phone at 281-269-7199 or via email at [email protected]


MarketBeat Community Rating for Prosperity Bancshares (NYSE PB)

Community Ranking:  1.7 out of 5 (star)
Outperform Votes:  273 (Thanks for Voting!)
Underperform Votes:  549 (Thanks for Voting!)
Total Votes:  822
MarketBeat's community ratings are surveys of what our community members think about Prosperity Bancshares and other stocks. Vote "Outperform" if you believe PB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PB will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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