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NYSE:PB

Prosperity Bancshares Stock Forecast, Price & News

$51.35
-0.54 (-1.04 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$51.12
Now: $51.35
$52.10
50-Day Range
$50.76
MA: $55.40
$58.76
52-Week Range
$42.02
Now: $51.35
$75.22
Volume1.05 million shs
Average Volume683,449 shs
Market Capitalization$4.76 billion
P/E Ratio10.27
Dividend Yield3.55%
Beta1.39
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. 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, 2018, 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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Prosperity Bancshares logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.2Community Rank: 1.7Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.37 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Previous SymbolNASDAQ:PRSP
CUSIP74360610
Phone281-269-7199

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$957.22 million
Cash Flow$4.37 per share
Book Value$63.02 per share

Profitability

Net Income$332.55 million

Miscellaneous

Employees3,901
Market Cap$4.76 billion
Next Earnings Date10/28/2020 (Estimated)
OptionableOptionable
$51.35
-0.54 (-1.04 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Prosperity Bancshares (NYSE:PB) Frequently Asked Questions

How has Prosperity Bancshares' stock price been impacted by Coronavirus (COVID-19)?

Prosperity Bancshares' stock was trading at $50.81 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PB stock has increased by 1.1% and is now trading at $51.35.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Prosperity Bancshares?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last year. There are currently 1 sell rating, 7 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Prosperity Bancshares
.

When is Prosperity Bancshares' next earnings date?

Prosperity Bancshares is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for Prosperity Bancshares
.

How were Prosperity Bancshares' earnings last quarter?

Prosperity Bancshares, Inc. (NYSE:PB) posted its quarterly earnings results on Wednesday, July, 29th. The bank reported $1.41 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.13 by $0.28. The bank earned $284.63 million during the quarter, compared to analysts' expectations of $279.04 million. Prosperity Bancshares had a return on equity of 8.25% and a net margin of 36.72%. During the same period last year, the company posted $1.18 earnings per share.
View Prosperity Bancshares' earnings history
.

How often does Prosperity Bancshares pay dividends? What is the dividend yield for Prosperity Bancshares?

Prosperity Bancshares announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.46 per share on Thursday, October 1st. This represents a $1.84 annualized dividend and a yield of 3.58%. The ex-dividend date is Monday, September 14th.
View Prosperity Bancshares' dividend history
.

What price target have analysts set for PB?

13 analysts have issued 12-month price targets for Prosperity Bancshares' shares. Their forecasts range from $63.00 to $78.00. On average, they anticipate Prosperity Bancshares' share price to reach $70.15 in the next twelve months. This suggests a possible upside of 36.6% from the stock's current price.
View analysts' price targets for Prosperity Bancshares
.

Are investors shorting Prosperity Bancshares?

Prosperity Bancshares saw a increase in short interest during the month of August. As of August 14th, there was short interest totaling 3,360,000 shares, an increase of 9.1% from the July 30th total of 3,080,000 shares. Based on an average daily trading volume, of 559,700 shares, the days-to-cover ratio is presently 6.0 days.
View Prosperity Bancshares' Short Interest
.

Who are some of Prosperity Bancshares' key competitors?

What other stocks do shareholders of Prosperity Bancshares own?

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).

Who are Prosperity Bancshares' key executives?

Prosperity Bancshares' management team includes the following 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)

What is Prosperity Bancshares' stock symbol?

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

Who are Prosperity Bancshares' major shareholders?

Prosperity Bancshares' stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.99%), Victory Capital Management Inc. (4.09%), Neuberger Berman Group LLC (2.07%), Bank of New York Mellon Corp (1.29%), Macquarie Group Ltd. (1.15%) and Nordea Investment Management AB (1.08%). Company insiders that own Prosperity Bancshares stock include Asylbek Osmonov, Charlotte M Rasche, David Zalman, H E Timanus Jr, Kevin J Hanigan, 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 Envestnet Asset Management Inc., Balyasny Asset Management LLC, First Trust Advisors LP, Handelsbanken Fonder AB, Prudential Financial Inc., Sei Investments Co., AQR Capital Management LLC, and Goldman Sachs Group Inc..
View insider buying and selling activity 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 Neuberger Berman Group LLC, Nordea Investment Management AB, Hallmark Capital Management Inc., Port Capital LLC, Cubist Systematic Strategies LLC, Vanguard Group Inc., Macquarie Group Ltd., and Jane Street Group LLC. Company insiders that have bought Prosperity Bancshares stock in the last two years include Asylbek Osmonov, Charlotte M Rasche, David Zalman, H E Timanus Jr, and Kevin J Hanigan.
View insider buying and selling activity 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 $51.35.

How big of a company is Prosperity Bancshares?

Prosperity Bancshares has a market capitalization of $4.76 billion and generates $957.22 million in revenue each year. The bank earns $332.55 million in net income (profit) each year or $5.02 on an earnings per share basis. Prosperity Bancshares employs 3,901 workers across the globe.

What is Prosperity Bancshares' official website?

The official website for Prosperity Bancshares is www.prosperitybankusa.com.

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]

This page was last updated on 9/19/2020 by MarketBeat.com Staff

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