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

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

Prosperity Bancshares announced a quarterly dividend on Thursday, October 25th. Investors 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 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, December 13th. This is a boost from Prosperity Bancshares's previous quarterly dividend of $0.36. View Prosperity Bancshares' Dividend History.

Prosperity Bancshares announced that its Board of Directors has initiated a share repurchase plan on Friday, January 19th 2018, which allows the company to repurchase 3,470,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Prosperity Bancshares, Inc. (NYSE:PB) posted its earnings results on Wednesday, October, 24th. The bank reported $1.18 earnings per share for the quarter, hitting analysts' consensus estimates of $1.18. The bank earned $187.94 million during the quarter, compared to analysts' expectations of $189.08 million. Prosperity Bancshares had a return on equity of 7.86% and a net margin of 36.91%. During the same quarter in the prior year, the firm posted $0.98 earnings per share. View Prosperity Bancshares' Earnings History.

Prosperity Bancshares is scheduled to release their next quarterly earnings announcement on Wednesday, January 30th 2019. View Earnings Estimates for Prosperity Bancshares.

Prosperity Bancshares will be holding an earnings conference call on Wednesday, January 30th at 11:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8778830383.

8 analysts have issued 1 year target prices for Prosperity Bancshares' stock. Their forecasts range from $68.00 to $76.00. On average, they expect Prosperity Bancshares' stock price to reach $71.5714 in the next year. This suggests that the stock has a possible downside of 0.4%. View Analyst Price Targets for Prosperity Bancshares.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Prosperity Bancshares.

News stories about PB stock have trended extremely positive recently, InfoTrie Sentiment reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Prosperity Bancshares earned a coverage optimism score of 4.1 on InfoTrie's scale. They also gave news headlines about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days.

Some companies that are related to Prosperity Bancshares include Deutsche Bank (DB), Fifth Third Bancorp (FITB), Citizens Financial Group (CFG), SVB Financial Group (SIVB), East West Bancorp (EWBC), Commerce Bancshares (CBSH), Signature Bank (SBNY), Popular (BPOP), First Citizens BancShares (FCNCA), Western Alliance Bancorporation (WAL), First Financial Bankshares (FFIN), Investors Bancorp (ISBC), Wintrust Financial (WTFC), Bank Ozk (OZK) and IBERIABANK (IBKC).

Prosperity Bancshares' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Pwmco LLC (0.13%), Retirement Systems of Alabama (0.12%), Nisa Investment Advisors LLC (0.04%), Louisiana State Employees Retirement System (0.03%), New England Research & Management Inc. (0.02%) and Diversified Trust Co (0.01%). Company insiders that own Prosperity Bancshares stock include David Hollaway, H E Timanus Jr, Harrison Stafford II, Leah Henderson, Michael Epps, Ned S Holmes, Randy Hester and Robert H Steelhammer. View Institutional Ownership Trends for Prosperity Bancshares.

PB stock was sold by a variety of institutional investors in the last quarter, including New England Research & Management Inc., Trust Department MB Financial Bank N A, Louisiana State Employees Retirement System and First Midwest Bank Trust Division. 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.

PB stock was purchased by a variety of institutional investors in the last quarter, including Pwmco LLC, CX Institutional, Nisa Investment Advisors LLC, Retirement Systems of Alabama and Diversified Trust Co. View Insider Buying and Selling for 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.

One share of PB stock can currently be purchased for approximately $71.89.

Prosperity Bancshares has a market capitalization of $5.02 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.

The official website for Prosperity Bancshares is http://www.prosperitybankusa.com.

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]