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. Stockholders of record on Friday, June 15th will be paid a dividend of $0.36 per share on Monday, July 2nd. This represents a $1.44 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, June 14th. View Prosperity Bancshares' Dividend History.

Prosperity Bancshares announced that its Board of Directors has initiated a stock buyback program on Friday, January 19th 2018, which authorizes the company to buyback 3,470,000 shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

Prosperity Bancshares, Inc. (NYSE:PB) issued its quarterly earnings results on Wednesday, April, 25th. The bank reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by $0.07. The bank had revenue of $181.16 million for 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 firm's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 earnings per share. View Prosperity Bancshares' Earnings History.

Prosperity Bancshares is scheduled to release their next quarterly earnings announcement on Tuesday, July, 24th 2018. View Earnings Estimates for Prosperity Bancshares.

11 Wall Street analysts have issued 1 year target prices for Prosperity Bancshares' stock. Their forecasts range from $68.00 to $85.00. On average, they anticipate Prosperity Bancshares' share price to reach $75.5556 in the next year. View Analyst Ratings for Prosperity Bancshares.

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), Texas Capital Bancshares (TCBI), Associated Banc (ASB), Popular (BPOP), Iberiabank (IBKC), Hancock (HBHC), Chemical Financial (CHFC) and First Hawaiian Bank (FHB).

Headlines about PB stock have trended positive this week, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Prosperity Bancshares earned a media sentiment score of 0.45 on Accern's scale. They also assigned press coverage about the bank an impact score of 43.64 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Prosperity Bancshares' stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.33%), Champlain Investment Partners LLC (2.90%), Findlay Park Partners LLP (2.73%), Dimensional Fund Advisors LP (2.45%), Barrow Hanley Mewhinney & Strauss LLC (1.52%) and Northern Trust Corp (1.18%). Company insiders that own Prosperity Bancshares stock include David Hollaway, Edward Z Safady, H E Timanus Jr, 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, Russell Investments Group Ltd., Wedge Capital Management L L P NC, Prudential Financial Inc., Loomis Sayles & Co. L P, Olstein Capital Management L.P., Barclays PLC and State of Wisconsin Investment Board. 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 purchased by a variety of institutional investors in the last quarter, including Findlay Park Partners LLP, JPMorgan Chase & Co., BlackRock Inc., Champlain Investment Partners LLC, Handelsbanken Fonder AB, Handelsbanken Fonder AB, Victory Capital Management Inc. and Mariner LLC. 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 $71.32.

Prosperity Bancshares has a market capitalization of $4.98 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]