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

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

Prosperity Bancshares announced a quarterly dividend on Thursday, April 26th. Investors 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 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Thursday, June 14th. View Prosperity Bancshares' Dividend History.

Prosperity Bancshares announced that its board has approved a share buyback program on Friday, January 19th 2018, which permits the company to repurchase 3,470,000 outstanding 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 stock is undervalued.

Prosperity Bancshares, Inc. (NYSE:PB) released its quarterly earnings results on Wednesday, April, 25th. The bank reported $1.07 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.14 by $0.07. The bank earned $181.16 million during the quarter, compared to analyst estimates of $180.97 million. Prosperity Bancshares had a net margin of 34.87% and a return on equity of 7.34%. The business's revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 EPS. View Prosperity Bancshares' Earnings History.

Prosperity Bancshares is scheduled to release their next quarterly earnings announcement on Wednesday, July, 25th 2018. View Earnings Estimates for Prosperity Bancshares.

11 analysts have issued 1 year price objectives for Prosperity Bancshares' shares. Their forecasts range from $70.00 to $85.00. On average, they expect Prosperity Bancshares' share 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.

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."

Some companies that are related to Prosperity Bancshares include SVB Financial Group (SIVB), East West Bancorp (EWBC), Commerce Bancshares (CBSH), Signature Bank (SBNY), Western Alliance Bancorporation (WAL), Bank Of The Ozarks (OZRK), Wintrust Financial (WTFC), First Citizens BancShares Inc. Class A (FCNCA), Associated Banc (ASB), Popular (BPOP), Texas Capital Bancshares (TCBI), Hancock (HBHC), IBERIABANK (IBKC), Chemical Financial (CHFC) and Home Bancshares (HOMB).

News articles about PB stock have trended positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. 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 coverage optimism score of 0.43 on Accern's scale. They also gave news coverage about the bank an impact score of 45.66 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

Prosperity Bancshares' stock is owned by many different 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.

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.

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.

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 $67.78.

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.

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]