Prosperity Bancshares - PB Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings 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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8 analysts have issued 1 year price objectives for Prosperity Bancshares' stock. Their PB share price forecasts range from $63.00 to $85.00. On average, they expect the company's share price to reach $75.45 in the next year. This suggests a possible upside of 19.8% from the stock's current price.
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Prosperity Bancshares' stock was trading at $72.68 at the start of the year. Since then, PB shares have decreased by 13.4% and is now trading at $62.97.
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Prosperity Bancshares saw a decline in short interest during the month of February. As of February 28th, there was short interest totaling 2,470,000 shares, a decline of 12.7% from the February 13th total of 2,830,000 shares. Based on an average daily volume of 469,200 shares, the short-interest ratio is presently 5.3 days. Currently, 2.8% of the shares of the company are sold short.
View Prosperity Bancshares' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
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Prosperity Bancshares, Inc. (NYSE:PB) posted its earnings results on Wednesday, January, 25th. The bank reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.01. The bank had revenue of $346.32 million for the quarter, compared to the consensus estimate of $296.52 million. Prosperity Bancshares had a net margin of 42.30% and a trailing twelve-month return on equity of 7.97%. During the same period in the prior year, the business earned $1.38 earnings per share.

Prosperity Bancshares declared a quarterly dividend on Wednesday, January 18th. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.55 per share on Monday, April 3rd. This represents a $2.20 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Tuesday, March 14th.
Read our dividend analysis for PB.

ETFs with the largest weight of Prosperity Bancshares (NYSE:PB) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), iShares Focused Value Factor ETF (FOVL), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), iShares U.S. Regional Banks ETF (IAT), Invesco S&P MidCap Low Volatility ETF (XMLV) and Direxion Daily Regional Banks Bull 3x Shares (DPST).

Prosperity Bancshares (NYSE:PB) pays an annual dividend of $2.20 per share and currently has a dividend yield of 3.60%. The company has been increasing its dividend for 25 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 38.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PB will have a dividend payout ratio of 34.81% 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 number of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (6.24%), Victory Capital Management Inc. (6.24%), American Century Companies Inc. (2.93%), Brown Advisory Inc. (2.80%), Morgan Stanley (2.62%) and Neuberger Berman Group LLC (2.32%). Insiders that own company stock include David Zalman, George A Fisk, H E Timanus Jr, 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 $62.97.

Prosperity Bancshares (NYSE:PB) has a market capitalization of $5.75 billion and generates $1.24 billion in revenue each year. The bank earns $524.52 million in net income (profit) each year or $5.73 on an earnings per share basis.

The company employs 3,633 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.