NYSE:PB - Prosperity Bancshares Stock Price, Price Target & More

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$67.78 -0.49 (-0.72 %)
(As of 07/16/2018 02:40 AM ET)
Previous Close$67.78
Today's Range$67.36 - $68.75
52-Week Range$55.84 - $79.20
Volume286,887 shs
Average Volume376,920 shs
Market Capitalization$4.73 billion
P/E Ratio17.20
Dividend Yield2.12%
Beta1.35
Prosperity Bancshares logoProsperity 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
SymbolNYSE:PB
CUSIP74360610
Phone281-269-7199

Debt

Debt-to-Equity RatioN/A
Current Ratio0.55
Quick Ratio0.55

Price-To-Earnings

Trailing P/E Ratio17.20
Forward P/E Ratio14.67
P/E Growth1.47

Sales & Book Value

Annual Sales$793.99 million
Price / Sales5.96
Cash Flow$4.7699 per share
Price / Cash14.21
Book Value$55.03 per share
Price / Book1.23

Profitability

EPS (Most Recent Fiscal Year)$3.94
Net Income$272.16 million
Net Margins34.87%
Return on Equity7.34%
Return on Assets1.25%

Miscellaneous

Employees3,017
Outstanding Shares69,850,000
Market Cap$4,734.09

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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, April 26th. Shareholders of record on Friday, June 15th will be given a dividend of $0.36 per share on Monday, July 2nd. This represents a $1.44 annualized dividend and a yield of 2.12%. The ex-dividend date is Thursday, June 14th. View Prosperity Bancshares' Dividend History.

How will Prosperity Bancshares' stock buyback program work?

Prosperity Bancshares declared that its board has initiated a stock repurchase plan on Friday, January 19th 2018, which authorizes the company to buyback 3,470,000 shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's board believes its shares are undervalued.

How were Prosperity Bancshares' earnings last quarter?

Prosperity Bancshares, Inc. (NYSE:PB) announced its quarterly earnings data on Wednesday, April, 25th. The bank reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.14 by $0.07. The bank had revenue of $181.16 million for the quarter, compared to analysts' expectations of $180.97 million. Prosperity Bancshares had a net margin of 34.87% and a return on equity of 7.34%. The firm's revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 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, July, 25th 2018. View Earnings Estimates for Prosperity Bancshares.

What price target have analysts set for PB?

11 Wall Street analysts have issued 12 month price targets for Prosperity Bancshares' shares. Their predictions range from $70.00 to $85.00. On average, they expect Prosperity Bancshares' stock price to reach $75.00 in the next year. This suggests a possible upside of 10.7% from the stock's current price. View Analyst Ratings for Prosperity Bancshares.

What is the consensus analysts' recommendation for Prosperity Bancshares?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last year. There are currently 2 sell ratings, 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

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)

Has Prosperity Bancshares been receiving favorable news coverage?

Media coverage about PB stock has trended somewhat positive on Monday, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Prosperity Bancshares earned a media sentiment score of 0.09 on Accern's scale. They also assigned media stories about the bank an impact score of 45.51 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Who are Prosperity Bancshares' major shareholders?

Prosperity Bancshares' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Handelsbanken Fonder AB (0.69%), Fisher Asset Management LLC (0.54%), New England Research & Management Inc. (0.05%), Xact Kapitalforvaltning AB (0.01%), Trust Department MB Financial Bank N A (0.01%) and State of Alaska Department of Revenue (0.01%). Company insiders that own Prosperity Bancshares stock include David Hollaway, Edward Z Safady, Harrison Stafford II, Leah Henderson, Michael Epps, Ned S Holmes, Perry Mueller Jr, Randy Hester and Robert H Steelhammer. View Institutional Ownership Trends for Prosperity Bancshares.

Which institutional investors are selling Prosperity Bancshares stock?

PB stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Handelsbanken Fonder AB and Trust Department MB Financial Bank N A. Company insiders that have sold Prosperity Bancshares company stock in the last year include David Hollaway, Michael Epps, Ned S Holmes, Randy Hester and Robert H Steelhammer. View Insider Buying and Selling for Prosperity Bancshares.

Which institutional investors are buying Prosperity Bancshares stock?

PB stock was bought by a variety of institutional investors in the last quarter, including Campbell & CO Investment Adviser LLC, New England Research & Management Inc., State of Alaska Department of Revenue and Xact Kapitalforvaltning AB. 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 $67.78.

How big of a company is Prosperity Bancshares?

Prosperity Bancshares has a market capitalization of $4.73 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.

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:  1.4 out of 5 (star)
Outperform Votes:  162 (Vote Outperform)
Underperform Votes:  416 (Vote Underperform)
Total Votes:  578
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 7/16/2018 by MarketBeat.com Staff

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