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NYSE:PBProsperity Bancshares Stock Price, Forecast & News

$44.83
-2.18 (-4.64 %)
(As of 04/3/2020 04:00 PM ET)
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Today's Range
$43.68
Now: $44.83
$47.36
50-Day Range
$43.07
MA: $60.64
$74.87
52-Week Range
$42.02
Now: $44.83
$75.22
Volume669,847 shs
Average Volume879,021 shs
Market Capitalization$4.25 billion
P/E Ratio9.83
Dividend Yield3.91%
Beta1.36
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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Beat the Market (BTM) Rank

Analyst Opinion: 4.1Community Rank: 1.7Dividend Strength: 5.0Insider Behavior: 4.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.71 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$4.33 per share
Book Value$63.02 per share

Profitability

Net Income$332.55 million

Miscellaneous

Employees3,901
Market Cap$4.25 billion
Next Earnings Date4/22/2020 (Estimated)
OptionableOptionable

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Prosperity Bancshares (NYSE:PB) Frequently Asked Questions

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

Prosperity Bancshares' stock was trading at $50.81 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PB stock has decreased by 11.8% and is now trading at $44.83. View which stocks have been mosted impacted by Coronavirus.

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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last year. There are currently 2 sell ratings, 3 hold ratings and 4 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, April 22nd 2020. View our earnings forecast for Prosperity Bancshares.

How were Prosperity Bancshares' earnings last quarter?

Prosperity Bancshares, Inc. (NYSE:PB) posted its quarterly earnings data on Wednesday, January, 29th. The bank reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.22. The bank earned $267.54 million during the quarter, compared to the consensus estimate of $248.69 million. Prosperity Bancshares had a return on equity of 8.04% and a net margin of 34.66%. During the same quarter last year, the company posted $1.19 EPS. 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, January 30th. Shareholders of record on Monday, March 16th will be given a dividend of $0.46 per share on Wednesday, April 1st. This represents a $1.84 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Friday, March 13th. View Prosperity Bancshares' dividend history.

What price target have analysts set for PB?

9 brokers have issued twelve-month target prices for Prosperity Bancshares' shares. Their forecasts range from $62.00 to $82.00. On average, they expect Prosperity Bancshares' stock price to reach $75.07 in the next twelve months. This suggests a possible upside of 67.5% from the stock's current price. View analysts' price targets 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?

Press coverage about PB stock has trended very negative recently, according to InfoTrie Sentiment. The research firm rates the sentiment of news coverage by reviewing more than six thousand blog and news 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 -3.3 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutProsperity Bancshares.

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), NanoString Technologies (NSTG) and Designer Brands (DBI).

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."

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 $44.83.

How big of a company is Prosperity Bancshares?

Prosperity Bancshares has a market capitalization of $4.25 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. View additional information about Prosperity Bancshares.

What is Prosperity Bancshares' official website?

The official website for Prosperity Bancshares is http://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 4/4/2020 by MarketBeat.com Staff

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