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 Date1/29/2020 (Confirmed)
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 declared a quarterly dividend on Wednesday, October 23rd. Stockholders of record on Monday, December 16th will be given a dividend of $0.46 per share on Thursday, January 2nd. This represents a $1.84 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Friday, December 13th. This is a boost from Prosperity Bancshares's previous quarterly dividend of $0.41. View Prosperity Bancshares' Dividend History.
How were Prosperity Bancshares' earnings last quarter?
Prosperity Bancshares, Inc. (NYSE:PB) posted its earnings results on Wednesday, October, 23rd. The bank reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.18 by $0.01. The bank had revenue of $184.67 million for the quarter, compared to the consensus estimate of $187.48 million. Prosperity Bancshares had a net margin of 38.03% and a return on equity of 8.02%. Prosperity Bancshares's revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.18 EPS. View Prosperity Bancshares' Earnings History.
When is Prosperity Bancshares' next earnings date?
How can I listen to Prosperity Bancshares' earnings call?
Prosperity Bancshares will be holding an earnings conference call on Wednesday, January 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.
What price target have analysts set for PB?
7 analysts have issued twelve-month target prices for Prosperity Bancshares' stock. Their forecasts range from $62.71 to $82.00. On average, they expect Prosperity Bancshares' share price to reach $73.20 in the next twelve months. This suggests a possible upside of 7.9% from the stock's current price. View Analyst Price Targets for Prosperity Bancshares.
What is the consensus analysts' recommendation for Prosperity Bancshares?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last year. There are currently 2 sell ratings, 4 hold ratings and 1 buy rating 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 some extent." (10/3/2019)
- 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 stories about PB stock have trended very positive on Friday, InfoTrie reports. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Prosperity Bancshares earned a coverage optimism score of 4.0 on InfoTrie's scale. They also assigned media headlines about the bank a news buzz of 0.0 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.
Who are some of Prosperity Bancshares' key competitors?
Some companies that are related to Prosperity Bancshares include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), First Republic Bank (FRC), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Signature Bank (SBNY), Commerce Bancshares (CBSH), TCF Financial (TCF) and East West Bancorp (EWBC).
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 retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.51%), Segment Wealth Management LLC (0.06%), Kwmg LLC (0.06%), CFO4Life Group LLC (0.05%), Nisa Investment Advisors LLC (0.04%) and State of Michigan Retirement System (0.04%). Company insiders that own Prosperity Bancshares stock include David Hollaway, H E Timanus Jr, Harrison Stafford II, Kevin J Hanigan, Leah Henderson, Michael Epps, Ned S Holmes, Randy Hester, Robert H Steelhammer and Robert J Dowdell. View Institutional Ownership Trends for Prosperity Bancshares.
Which major investors are selling Prosperity Bancshares stock?
PB stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Albert D Mason Inc., First Midwest Bank Trust Division, Eqis Capital Management Inc., New England Research & Management Inc., Nisa Investment Advisors LLC and Huntington National Bank. View Insider Buying and Selling for Prosperity Bancshares.
Which major investors are buying Prosperity Bancshares stock?
PB stock was acquired by a variety of institutional investors in the last quarter, including CFO4Life Group LLC, Segment Wealth Management LLC, Alpine Global Management LLC, State of Michigan Retirement System, Louisiana State Employees Retirement System, Strs Ohio, State of Alaska Department of Revenue and Zurcher Kantonalbank Zurich Cantonalbank . Company insiders that have bought Prosperity Bancshares stock in the last two years include H E Timanus Jr and Kevin J Hanigan. 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 $67.86.
How big of a company is Prosperity Bancshares?
Prosperity Bancshares has a market capitalization of $4.64 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.
