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.
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Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Phone281-269-7199
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$843.22 million
Profitability
Miscellaneous
Employees3,036
Next Earnings Date10/23/2019 (Estimated)
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 announced a quarterly dividend on Wednesday, July 24th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.41 per share on Tuesday, October 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Friday, September 13th. View Prosperity Bancshares' Dividend History.
How will Prosperity Bancshares' stock buyback program work?
Prosperity Bancshares announced that its Board of Directors has authorized a share repurchase program on Friday, January 19th 2018, which permits the company to repurchase 3,470,000 shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its shares are undervalued.
How were Prosperity Bancshares' earnings last quarter?
Prosperity Bancshares, Inc. (NYSE:PB) announced its quarterly earnings results on Wednesday, July, 24th. The bank reported $1.18 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $1.18. The bank had revenue of $184.80 million for the quarter, compared to analysts' expectations of $186.94 million. Prosperity Bancshares had a net margin of 38.27% and a return on equity of 8.12%. During the same period in the prior year, the firm posted $1.17 earnings per share. View Prosperity Bancshares' Earnings History.
When is Prosperity Bancshares' next earnings date?
What price target have analysts set for PB?
8 equities research analysts have issued 1-year price objectives for Prosperity Bancshares' stock. Their predictions range from $62.71 to $80.00. On average, they expect Prosperity Bancshares' stock price to reach $73.2850 in the next year. This suggests a possible upside of 2.6% from the stock's current price. View Analyst Price Targets for Prosperity Bancshares.
What is the consensus analysts' recommendation for Prosperity Bancshares?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last year. There are currently 1 sell rating, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Prosperity Bancshares.
What are Wall Street analysts saying about Prosperity Bancshares stock?
Here are some recent quotes from research analysts about Prosperity Bancshares stock:
- 1. According to Zacks Investment Research, "Shares of Prosperity Bancshares have outperformed the industry so far this year. The company has a decent earnings surprise history. The bank has surpassed the Zacks Consensus Estimate in two of the trailing four quarters. The deal to acquire LegacyTexas Financial will be accretive to earnings in 2020 and lead to cost savings too. Further, improving asset quality, and solid loan and deposit balances are likely to support profitability in the quarters ahead. Moreover, steady capital deployment actions reflect strong balance sheet position and will enhance shareholder value. Nevertheless, weakness in mortgage banking business and pressure on margins (due to lower yields) will likely have an adverse impact on revenue growth to some extent. Additionally, mounting operating expenses remain a concern and might hurt bottom-line growth to an extent." (9/10/2019)
- 2. Stephens analysts commented, "We are lowering our 2020 EPS outlook to account for the soft balance sheet trends and moderating fee income and decreasing our price target to $74 (was $76) that is based on 15x our 2020 EPS forecast of $4.95. We reiterate our Equal-Weight rating." (4/24/2019)
Has Prosperity Bancshares been receiving favorable news coverage?
News coverage about PB stock has trended somewhat positive on Monday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Prosperity Bancshares earned a media sentiment score of 0.9 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Prosperity Bancshares.
Are investors shorting Prosperity Bancshares?
Prosperity Bancshares saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 6,735,600 shares, an increase of 22.9% from the July 31st total of 5,482,500 shares. Based on an average daily trading volume, of 567,900 shares, the short-interest ratio is currently 11.9 days. Approximately 10.3% of the company's shares are sold short. View Prosperity Bancshares' Current Options Chain.
Who are some of Prosperity Bancshares' key competitors?
Some companies that are related to Prosperity Bancshares include Deutsche Bank (DB), Citizens Financial Group (CFG), SVB Financial Group (SIVB), Commerce Bancshares (CBSH), East West Bancorp (EWBC), Signature Bank (SBNY), First Citizens BancShares (FCNCA), Popular (BPOP), Western Alliance Bancorporation (WAL), First Financial Bankshares (FFIN), United Bankshares (UBSI), IBERIABANK (IBKC), Wintrust Financial (WTFC), Bank Ozk (OZK) and First Hawaiian (FHB).
What other stocks do shareholders of Prosperity Bancshares own?
Who are Prosperity Bancshares' key executives?
Prosperity Bancshares' management team includes the folowing people:
- Mr. David E. Zalman, Sr. Chairman & CEO (Age 62)
- Mr. H. E. Timanus Jr., Vice Chairman (Age 74)
- Mr. Edward Z. Safady, Pres (Age 61)
- Ms. Charlotte M. Rasche J.D., Exec. VP & Gen. Counsel (Age 54)
- Mr. Randy D. Hester, Exec. VP (Age 60)
Who are Prosperity Bancshares' major shareholders?
Prosperity Bancshares' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.70%), BlackRock Inc. (8.69%), BlackRock Inc. (8.70%), Victory Capital Management Inc. (5.20%), Atlanta Capital Management Co. L L C (4.75%) and Price T Rowe Associates Inc. MD (3.63%). 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, Robert H Steelhammer and Robert J Dowdell. 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 Balyasny Asset Management LLC, Findlay Park Partners LLP, Barrow Hanley Mewhinney & Strauss LLC, Barrow Hanley Mewhinney & Strauss LLC, Russell Investments Group Ltd., Foresters Investment Management Company Inc., Fisher Asset Management LLC and Price T Rowe Associates Inc. MD. Company insiders that have sold Prosperity Bancshares company stock in the last year include Robert H Steelhammer and Robert J Dowdell. View Insider Buying and Selling for Prosperity Bancshares.
Which institutional investors are buying Prosperity Bancshares stock?
PB stock was acquired by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Citadel Advisors LLC, Nuveen Asset Management LLC, Victory Capital Management Inc., Brown Advisory Inc., Invesco Ltd., D. E. Shaw & Co. Inc. and Renaissance Technologies LLC. 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, Robinhood, Fidelity and Charles Schwab.
What is Prosperity Bancshares' stock price today?
One share of PB stock can currently be purchased for approximately $71.46.
How big of a company is Prosperity Bancshares?
Prosperity Bancshares has a market capitalization of $4.93 billion and generates $843.22 million in revenue each year. The bank earns $321.81 million in net income (profit) each year or $4.61 on an earnings per share basis. Prosperity Bancshares employs 3,036 workers across the globe.View Additional Information About Prosperity Bancshares.
What is Prosperity Bancshares' official website?
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)
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.
