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NYSE:PB

Prosperity Bancshares Stock Forecast, Price & News

$75.37
+1.12 (+1.51 %)
(As of 05/14/2021 12:00 AM ET)
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Today's Range
$74.45
$75.60
50-Day Range
$72.25
$77.46
52-Week Range
$48.80
$83.02
Volume337,369 shs
Average Volume414,454 shs
Market Capitalization$7.00 billion
P/E Ratio14.47
Dividend Yield2.64%
Beta1.37
30 days | 90 days | 365 days | Advanced Chart
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Prosperity Bancshares logo

About Prosperity Bancshares

Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides retail and commercial banking services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts; and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate 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, as well as loans for working capital, business expansion, and purchase of equipment and machinery. 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, 2020, the company operated 275 full-service banking locations comprising 65 in the Houston area, including The Woodlands; 30 in the South Texas area including Corpus Christi and Victoria; 65 in the Dallas/Fort Worth, Texas area; 22 in the East Texas area; 29 in the Central Texas area, including 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, as well as 42 locations in the Dallas/Fort Worth area doing business as LegacyTexas Bank. Prosperity Bancshares, Inc. was founded in 1983 and is based in Houston, Texas.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Previous SymbolNASDAQ:PRSP
CUSIP74360610
Phone281-269-7199
Employees3,756
Year FoundedN/A

Sales & Book Value

Annual Sales$957.22 million
Cash Flow$4.73 per share
Book Value$63.02 per share

Profitability

Net Income$332.55 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$7.00 billion
Next Earnings Date8/4/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.66 out of 5 stars

Finance Sector

494th out of 1,949 stocks

State Commercial Banks Industry

102nd out of 309 stocks

Analyst Opinion: 1.2Community Rank: 1.7Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Prosperity Bancshares (NYSE:PB) Frequently Asked Questions

Is Prosperity Bancshares a buy right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last year. There are currently 1 sell rating, 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Prosperity Bancshares stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PB, but not buy additional shares or sell existing shares.
View analyst ratings for Prosperity Bancshares
or view top-rated stocks.

What stocks does MarketBeat like better than Prosperity Bancshares?

Wall Street analysts have given Prosperity Bancshares a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Prosperity Bancshares wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Prosperity Bancshares' next earnings date?

Prosperity Bancshares is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Prosperity Bancshares
.

How were Prosperity Bancshares' earnings last quarter?

Prosperity Bancshares, Inc. (NYSE:PB) released its earnings results on Tuesday, April, 27th. The bank reported $1.44 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.38 by $0.06. Prosperity Bancshares had a trailing twelve-month return on equity of 8.42% and a net margin of 37.67%. During the same quarter in the prior year, the business earned $1.39 EPS.
View Prosperity Bancshares' earnings history
.

How has Prosperity Bancshares' stock price been impacted by COVID-19?

Prosperity Bancshares' stock was trading at $50.81 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PB stock has increased by 48.3% and is now trading at $75.37.
View which stocks have been most impacted by COVID-19
.

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

Prosperity Bancshares declared a quarterly dividend on Thursday, April 29th. Investors of record on Tuesday, June 15th will be given a dividend of $0.49 per share on Thursday, July 1st. This represents a $1.96 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Monday, June 14th.
View Prosperity Bancshares' dividend history
.

Is Prosperity Bancshares a good dividend stock?

Prosperity Bancshares pays an annual dividend of $1.96 per share and currently has a dividend yield of 2.64%. Prosperity Bancshares does not yet have a strock track record of dividend growth. The dividend payout ratio of Prosperity Bancshares is 39.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Prosperity Bancshares will have a dividend payout ratio of 38.13% next year. This indicates that Prosperity Bancshares will be able to sustain or increase its dividend.
View Prosperity Bancshares' dividend history.

What price target have analysts set for PB?

11 equities research analysts have issued 1 year price targets for Prosperity Bancshares' stock. Their forecasts range from $57.00 to $88.00. On average, they expect Prosperity Bancshares' share price to reach $74.33 in the next twelve months. This suggests that the stock has a possible downside of 1.4%.
View analysts' price targets for Prosperity Bancshares
or view top-rated stocks among Wall Street analysts.

Who are Prosperity Bancshares' key executives?

Prosperity Bancshares' management team includes the following people:
  • Mr. David E. Zalman, Sr. Chairman & CEO (Age 64, Pay $3.22M)
  • Mr. H. E. Timanus Jr., Chairman (Age 76, Pay $1.42M)
  • Mr. Kevin J. Hanigan, Pres, COO & Director (Age 64, Pay $2.31M)
  • Mr. Asylbek Osmonov, Chief Financial Officer (Age 40, Pay $564.56k)
  • Mr. Edward Z. Safady, Advisory Director & Vice Chairman (Age 63, Pay $1.42M)
  • Ms. Charlotte M. Rasche J.D., Exec. VP & Gen. Counsel (Age 56)
  • Ms. Lori Wakefield, Sr. VP of Prosperity Bank
  • Mr. Mike Reaves, Sr. VP of Prosperity Bank
  • Mr. Denny W. Buchanan, Sr. VP of Prosperity Bank
  • Mr. Robert J. Dowdell, Exec. VP (Age 64)

What is David Zalman's approval rating as Prosperity Bancshares' CEO?

72 employees have rated Prosperity Bancshares CEO David Zalman on Glassdoor.com. David Zalman has an approval rating of 52% among Prosperity Bancshares' employees. This puts David Zalman in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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), The 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (8.87%), Victory Capital Management Inc. (4.03%), Champlain Investment Partners LLC (3.31%), Massachusetts Financial Services Co. MA (2.41%), Neuberger Berman Group LLC (2.12%) and Brown Advisory Inc. (2.07%). Company insiders that own Prosperity Bancshares stock include Asylbek Osmonov, Charlotte M Rasche, David Zalman, George A Fisk, H E Timanus Jr, Kevin J Hanigan 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 Brandywine Global Investment Management LLC, Cullen Frost Bankers Inc., Weiss Multi Strategy Advisers LLC, Dimensional Fund Advisors LP, State of Tennessee Treasury Department, Los Angeles Capital Management LLC, Fisher Asset Management LLC, and SG Americas Securities LLC. Company insiders that have sold Prosperity Bancshares company stock in the last year include George A Fisk, and Robert J Dowdell.
View insider buying and selling activity for Prosperity Bancshares
or view top insider-selling stocks.

Which major investors are buying Prosperity Bancshares stock?

PB stock was bought by a variety of institutional investors in the last quarter, including Brown Advisory Inc., BlackRock Inc., Victory Capital Management Inc., Lazard Asset Management LLC, Renaissance Technologies LLC, Northern Trust Corp, Geode Capital Management LLC, and Palisade Capital Management LLC NJ. 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
or or view top insider-buying stocks.

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 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 $75.37.

How much money does Prosperity Bancshares make?

Prosperity Bancshares has a market capitalization of $7.00 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.

How many employees does Prosperity Bancshares have?

Prosperity Bancshares employs 3,756 workers across the globe.

What is Prosperity Bancshares' official website?

The official website for Prosperity Bancshares is www.prosperitybankusa.com.

Where are Prosperity Bancshares' headquarters?

Prosperity Bancshares is headquartered at 4295 SAN FELIPE, HOUSTON TX, 77027.

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]


This page was last updated on 5/15/2021 by MarketBeat.com Staff
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