Prosperity Bancshares - PB Stock Forecast, Price & News

4 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, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PB shares. 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.
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4 Wall Street analysts have issued 12-month price targets for Prosperity Bancshares' stock. Their PB share price forecasts range from $63.00 to $91.00. On average, they anticipate the company's stock price to reach $77.25 in the next twelve months. This suggests a possible upside of 12.9% from the stock's current price.
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Prosperity Bancshares' stock was trading at $72.30 at the beginning of 2022. Since then, PB shares have decreased by 5.4% and is now trading at $68.40.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our PB earnings forecast.

Prosperity Bancshares, Inc. (NYSE:PB) announced its earnings results on Wednesday, July, 27th. The bank reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.02. The bank had revenue of $286.10 million for the quarter, compared to analysts' expectations of $285.39 million. Prosperity Bancshares had a net margin of 43.50% and a trailing twelve-month return on equity of 7.85%. The company's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the company earned $1.41 earnings per share.

Prosperity Bancshares announced a quarterly dividend on Friday, July 22nd. Stockholders of record on Thursday, September 15th will be given a dividend of $0.52 per share on Monday, October 3rd. This represents a $2.08 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Wednesday, September 14th.
Read our dividend analysis for PB.

Prosperity Bancshares (NYSE:PB) pays an annual dividend of $2.08 per share and currently has a dividend yield of 3.04%. The company has been increasing its dividend for 23 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 37.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PB will have a dividend payout ratio of 33.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PB.

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.

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).

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

Prosperity Bancshares' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (8.99%), Victory Capital Management Inc. (5.27%), Massachusetts Financial Services Co. MA (3.49%), Champlain Investment Partners LLC (3.19%), Brown Advisory Inc. (2.68%) and Brown Advisory Inc. (2.68%). Insiders that own company stock include Asylbek Osmonov, Charlotte M Rasche, David Zalman, George A Fisk, H E Timanus Jr, Kevin J Hanigan, Robert H Steelhammer and Robert J Dowdell.
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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.
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One share of PB stock can currently be purchased for approximately $68.40.

Prosperity Bancshares (NYSE:PB) has a market capitalization of $6.31 billion and generates $1.19 billion in revenue each year. The bank earns $519.30 million in net income (profit) each year or $5.50 on an earnings per share basis.

The company employs 3,704 workers across the globe.

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.