Prosperity Bancshares - PB Stock Forecast, Price & News

7 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, 5 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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7 brokerages have issued 12 month target prices for Prosperity Bancshares' stock. Their PB share price forecasts range from $63.00 to $82.00. On average, they predict the company's share price to reach $75.40 in the next twelve months. This suggests a possible upside of 1.0% from the stock's current price.
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Prosperity Bancshares' stock was trading at $72.68 at the beginning of the year. Since then, PB stock has increased by 2.7% and is now trading at $74.64.
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Prosperity Bancshares saw a increase in short interest in January. As of January 15th, there was short interest totaling 2,440,000 shares, an increase of 15.1% from the December 31st total of 2,120,000 shares. Based on an average trading volume of 438,900 shares, the short-interest ratio is presently 5.6 days. Approximately 2.8% of the shares of the company are short sold.
View Prosperity Bancshares' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our PB earnings forecast.

Prosperity Bancshares, Inc. (NYSE:PB) posted its quarterly earnings data on Wednesday, January, 25th. The bank reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. The bank earned $346.32 million during the quarter, compared to the consensus estimate of $296.52 million. Prosperity Bancshares had a trailing twelve-month return on equity of 7.97% and a net margin of 42.30%. During the same quarter last year, the business posted $1.38 EPS.

Prosperity Bancshares declared a quarterly dividend on Wednesday, January 18th. Stockholders of record on Wednesday, March 15th will be paid a dividend of $0.55 per share on Monday, April 3rd. This represents a $2.20 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Tuesday, March 14th.
Read our dividend analysis for PB.

Prosperity Bancshares (NYSE:PB) pays an annual dividend of $2.20 per share and currently has a dividend yield of 2.94%. 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 34.32% 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 institutional and retail investors. Top institutional shareholders include Scout Investments Inc. (1.10%), Copeland Capital Management LLC (0.37%), Hunter Perkins Capital Management LLC (0.24%), Wedge Capital Management L L P NC (0.24%), Handelsinvest Investeringsforvaltning (0.19%) and Comerica Bank (0.15%). Insiders that own company stock include Asylbek Osmonov, Charlotte M Rasche, 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 $74.64.

Prosperity Bancshares (NYSE:PB) has a market capitalization of $6.82 billion and generates $1.24 billion in revenue each year. The bank earns $519.30 million in net income (profit) each year or $5.73 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.