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Prosperity Bancshares Stock Price, Forecast & Analysis (NYSE:PB)

$68.83
-0.10 (-0.15 %)
(As of 11/20/2019 04:14 AM ET)
Today's Range
$68.74
Now: $68.83
$69.49
50-Day Range
$67.65
MA: $70.66
$73.81
52-Week Range
$57.01
Now: $68.83
$75.36
Volume468,993 shs
Average Volume498,968 shs
Market Capitalization$4.71 billion
P/E Ratio14.93
Dividend Yield2.38%
Beta1.35
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. Read More…

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$843.22 million
Cash Flow$5.25 per share
Book Value$58.03 per share

Profitability

Net Income$321.81 million

Miscellaneous

Employees3,036
Market Cap$4.71 billion
Next Earnings Date1/29/2020 (Estimated)
OptionableOptionable

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Prosperity Bancshares (NYSE:PB) Frequently Asked Questions

What is Prosperity Bancshares' stock symbol?

Prosperity Bancshares trades on the New York Stock Exchange (NYSE) under the ticker symbol "PB."

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

Prosperity Bancshares declared a quarterly dividend on Wednesday, October 23rd. Stockholders of record on Monday, December 16th will be paid a dividend of $0.46 per share on Thursday, January 2nd. This represents a $1.84 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from Prosperity Bancshares's previous quarterly dividend of $0.41. View Prosperity Bancshares' Dividend History.

How will Prosperity Bancshares' stock buyback program work?

Prosperity Bancshares declared that its Board of Directors has initiated a stock buyback program on Friday, January 19th 2018, which allows the company to buyback 3,470,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

How were Prosperity Bancshares' earnings last quarter?

Prosperity Bancshares, Inc. (NYSE:PB) released its quarterly earnings data on Wednesday, October, 23rd. The bank reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.01. The bank had revenue of $184.67 million for the quarter, compared to analysts' expectations of $187.48 million. Prosperity Bancshares had a return on equity of 8.02% and a net margin of 38.03%. The business's quarterly revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company posted $1.18 EPS. View Prosperity Bancshares' Earnings History.

When is Prosperity Bancshares' next earnings date?

Prosperity Bancshares is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Prosperity Bancshares.

What price target have analysts set for PB?

8 brokers have issued 12-month price objectives for Prosperity Bancshares' shares. Their forecasts range from $62.71 to $82.00. On average, they anticipate Prosperity Bancshares' share price to reach $72.89 in the next twelve months. This suggests a possible upside of 5.9% from the stock's current price. View Analyst Price Targets for Prosperity Bancshares.

What is the consensus analysts' recommendation for Prosperity Bancshares?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last year. There are currently 1 sell rating, 6 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings 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?

News stories about PB stock have been trending very negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. 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 media sentiment score of -3.9 on InfoTrie's scale. They also gave media coverage about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Prosperity 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), Aegean Marine Petroleum Network (ANW), Chipotle Mexican Grill (CMG), Precision Drilling (PD), NanoString Technologies (NSTG), Bank Of The Ozarks (OZRK), AutoZone (AZO) and Designer Brands (DBI).

Who are Prosperity Bancshares' key executives?

Prosperity Bancshares' management team includes the folowing 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)

Who are Prosperity Bancshares' major shareholders?

Prosperity Bancshares' stock is owned by a number of of institutional and retail investors. Top institutional investors include Findlay Park Partners LLP (4.38%), Massachusetts Financial Services Co. MA (2.15%), Handelsbanken Fonder AB (0.61%), Wedge Capital Management L L P NC (0.59%), Fisher Asset Management LLC (0.51%) and Envestnet Asset Management Inc. (0.49%). Company insiders that own Prosperity Bancshares stock include David Hollaway, H E Timanus Jr, Harrison Stafford II, Leah Henderson, Michael Epps, Ned S Holmes, Randy Hester, Robert H Steelhammer and Robert J Dowdell. View Institutional Ownership Trends for Prosperity Bancshares.

Which major investors are selling Prosperity Bancshares stock?

PB stock was sold by a variety of institutional investors in the last quarter, including Handelsbanken Fonder AB, SG Americas Securities LLC, Hancock Whitney Corp, Comerica Bank, Tower Research Capital LLC TRC , Wedge Capital Management L L P NC, Pacer Advisors Inc. and Nisa Investment Advisors LLC. View Insider Buying and Selling for Prosperity Bancshares.

Which major investors are buying Prosperity Bancshares stock?

PB stock was acquired by a variety of institutional investors in the last quarter, including Findlay Park Partners LLP, Massachusetts Financial Services Co. MA, State of New Jersey Common Pension Fund D, First Trust Advisors LP, California Public Employees Retirement System, Dearborn Partners LLC, Envestnet Asset Management Inc. and Russell Investments Group Ltd.. View Insider Buying and Selling 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 $68.83.

How big of a company is Prosperity Bancshares?

Prosperity Bancshares has a market capitalization of $4.71 billion and generates $843.22 million in revenue each year. The bank earns $321.81 million in net income (profit) each year or $4.61 on an earnings per share basis. Prosperity Bancshares employs 3,036 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:  1.6 out of 5 (star)
Outperform Votes:  247 (Vote Outperform)
Underperform Votes:  516 (Vote Underperform)
Total Votes:  763
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 11/20/2019 by MarketBeat.com Staff

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