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

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

Prosperity Bancshares announced a quarterly dividend on Thursday, January 31st. Shareholders of record on Friday, March 15th will be paid a dividend of $0.41 per share on Monday, April 1st. This represents a $1.64 annualized dividend and a yield of 2.40%. The ex-dividend date is Thursday, March 14th. View Prosperity Bancshares' Dividend History.

Prosperity Bancshares declared that its board has approved a stock repurchase program on Friday, January 19th 2018, which allows the company to repurchase 3,470,000 shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

Prosperity Bancshares, Inc. (NYSE:PB) posted its earnings results on Wednesday, January, 30th. The bank reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.18 by $0.01. The bank had revenue of $186.33 million for the quarter, compared to analyst estimates of $188.17 million. Prosperity Bancshares had a net margin of 38.17% and a return on equity of 8.12%. Prosperity Bancshares's revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 earnings per share. View Prosperity Bancshares' Earnings History.

Prosperity Bancshares is scheduled to release their next quarterly earnings announcement on Wednesday, April 24th 2019. View Earnings Estimates for Prosperity Bancshares.

8 Wall Street analysts have issued 12-month target prices for Prosperity Bancshares' shares. Their predictions range from $70.00 to $84.00. On average, they anticipate Prosperity Bancshares' stock price to reach $75.5714 in the next twelve months. This suggests a possible upside of 10.4% from the stock's current price. View Analyst Price Targets for Prosperity Bancshares.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last year. There are currently 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Prosperity Bancshares.

News stories about PB stock have trended somewhat positive on Tuesday, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Prosperity Bancshares earned a daily sentiment score of 1.7 on InfoTrie's scale. They also assigned press coverage about the bank a news buzz of 6.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the stock's share price in the next several days.

Some companies that are related to Prosperity Bancshares include Deutsche Bank (DB), Fifth Third Bancorp (FITB), Citizens Financial Group (CFG), SVB Financial Group (SIVB), Signature Bank (SBNY), East West Bancorp (EWBC), Commerce Bancshares (CBSH), Popular (BPOP), First Citizens BancShares (FCNCA), Western Alliance Bancorporation (WAL), IBERIABANK (IBKC), First Financial Bankshares (FFIN), Wintrust Financial (WTFC), Bank Ozk (OZK) and United Bankshares (UBSI).

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), United Rentals (URI), YY (YY), AutoZone (AZO) and Micron Technology (MU).

Prosperity Bancshares' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.67%), Victory Capital Management Inc. (4.90%), Atlanta Capital Management Co. L L C (4.70%), Findlay Park Partners LLP (4.07%), FMR LLC (3.82%) and Dimensional Fund Advisors LP (2.49%). 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 and Robert H Steelhammer. View Institutional Ownership Trends for Prosperity Bancshares.

PB stock was sold by a variety of institutional investors in the last quarter, including Findlay Park Partners LLP, FMR LLC, Wedge Capital Management L L P NC, Deprince Race & Zollo Inc., Comerica Bank, Foresters Investment Management Company Inc., Copeland Capital Management LLC and Barclays PLC. Company insiders that have sold Prosperity Bancshares company stock in the last year include Harrison Stafford II, Leah Henderson, Ned S Holmes, Randy Hester and Robert H Steelhammer. View Insider Buying and Selling for Prosperity Bancshares.

PB stock was purchased by a variety of institutional investors in the last quarter, including Atlanta Capital Management Co. L L C, Oregon Public Employees Retirement Fund, Victory Capital Management Inc., Norges Bank, American Century Companies Inc., BlackRock Inc., Private Management Group Inc. and Bank of America Corp DE. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of PB stock can currently be purchased for approximately $68.43.

Prosperity Bancshares has a market capitalization of $4.78 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.

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

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]