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

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$62.53 -0.96 (-1.51 %)
(As of 12/17/2018 01:37 AM ET)
Previous Close$62.53
Today's Range$62.35 - $64.1687
52-Week Range$60.15 - $79.20
Volume278,582 shs
Average Volume377,504 shs
Market Capitalization$4.37 billion
P/E Ratio15.87
Dividend Yield2.62%
Beta1.33
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. 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, 2017, the company operated 242 full service banking locations comprising 65 in the Houston area, including The Woodlands; 29 in the South Texas area consisting of Corpus Christi and Victoria; 33 in the Dallas/Fort Worth area; 22 in the East Texas area; 29 in the Central Texas area comprising 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. Prosperity Bancshares, Inc. was founded in 1983 and is based in Houston, Texas.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNYSE:PB
Previous SymbolNASDAQ:PRSP
CUSIP74360610
Phone281-269-7199

Debt

Debt-to-Equity RatioN/A
Current Ratio0.57
Quick Ratio0.57

Price-To-Earnings

Trailing P/E Ratio15.87
Forward P/E Ratio13.62
P/E Growth1.6

Sales & Book Value

Annual Sales$793.99 million
Price / Sales5.50
Cash Flow$4.7696 per share
Price / Cash Flow13.11
Book Value$55.03 per share
Price / Book1.14

Profitability

EPS (Most Recent Fiscal Year)$3.94
Net Income$272.16 million
Net Margins36.91%
Return on Equity7.86%
Return on Assets1.36%

Miscellaneous

Employees3,017
Outstanding Shares69,840,000
Market Cap$4.37 billion
OptionableOptionable

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 Thursday, October 25th. Stockholders of record on Saturday, December 15th will be given a dividend of $0.41 per share on Wednesday, January 2nd. This represents a $1.64 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Thursday, December 13th. This is an increase from Prosperity Bancshares's previous quarterly dividend of $0.36. View Prosperity Bancshares' Dividend History.

How will Prosperity Bancshares' stock buyback program work?

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

How were Prosperity Bancshares' earnings last quarter?

Prosperity Bancshares, Inc. (NYSE:PB) announced its earnings results on Wednesday, October, 24th. The bank reported $1.18 EPS for the quarter, meeting the Zacks' consensus estimate of $1.18. The bank earned $187.94 million during the quarter, compared to analyst estimates of $189.08 million. Prosperity Bancshares had a net margin of 36.91% and a return on equity of 7.86%. During the same quarter in the prior year, the company earned $0.98 earnings per share. 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 23rd 2019. View Earnings Estimates for Prosperity Bancshares.

What price target have analysts set for PB?

10 analysts have issued 1-year price objectives for Prosperity Bancshares' shares. Their forecasts range from $68.00 to $79.00. On average, they expect Prosperity Bancshares' stock price to reach $73.00 in the next year. This suggests a possible upside of 16.7% from the stock's current price. View Analyst Price Targets for Prosperity Bancshares.

What is the consensus analysts' recommendation for Prosperity Bancshares?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Prosperity Bancshares.

Has Prosperity Bancshares been receiving favorable news coverage?

News stories about PB stock have trended somewhat positive this week, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Prosperity Bancshares earned a media sentiment score of 1.0 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Who are some of Prosperity Bancshares' key competitors?

Who are Prosperity Bancshares' key executives?

Prosperity Bancshares' management team includes the folowing people:
  • Mr. David E. Zalman, Chairman & CEO (Age 61)
  • Mr. H. E. Timanus Jr., Vice Chairman (Age 73)
  • Mr. Edward Z. Safady, Pres (Age 60)
  • Mr. David Hollaway CPA, Exec. VP & CFO (Age 62)
  • Ms. Charlotte M. Rasche J.D., Exec. VP & Gen. Counsel (Age 53)

Who are Prosperity Bancshares' major shareholders?

Prosperity Bancshares' stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.32%), Vanguard Group Inc (9.32%), BlackRock Inc. (8.35%), Findlay Park Partners LLP (4.83%), FMR LLC (4.30%) and Victory Capital Management Inc. (2.97%). Company insiders that own Prosperity Bancshares stock include David Hollaway, Harrison Stafford II, Leah Henderson, Michael Epps, Ned S Holmes, Randy Hester and Robert H Steelhammer. 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 FMR LLC, The Manufacturers Life Insurance Company , BlackRock Inc., Bank of New York Mellon Corp, Handelsbanken Fonder AB, Congress Asset Management Co. MA, Wedge Capital Management L L P NC and Morgan Stanley. Company insiders that have sold Prosperity Bancshares company stock in the last year include David Hollaway, Harrison Stafford II, Leah Henderson, Michael Epps, Ned S Holmes, Randy Hester and Robert H Steelhammer. View Insider Buying and Selling for Prosperity Bancshares.

Which major investors are buying Prosperity Bancshares stock?

PB stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Atlanta Capital Management Co. L L C, American Century Companies Inc., Findlay Park Partners LLP, Vanguard Group Inc, Vanguard Group Inc., Vaughan Nelson Investment Management L.P. and Massachusetts Financial Services Co. MA. 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, Scottrade, Fidelity and Charles Schwab.

What is Prosperity Bancshares' stock price today?

One share of PB stock can currently be purchased for approximately $62.53.

How big of a company is Prosperity Bancshares?

Prosperity Bancshares has a market capitalization of $4.37 billion and generates $793.99 million in revenue each year. The bank earns $272.16 million in net income (profit) each year or $3.94 on an earnings per share basis. Prosperity Bancshares employs 3,017 workers across the globe.

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:  1.5 out of 5 (star half star)
Outperform Votes:  201 (Vote Outperform)
Underperform Votes:  455 (Vote Underperform)
Total Votes:  656
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 12/17/2018 by MarketBeat.com Staff

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