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NYSE:PB

Prosperity Bancshares - PB Stock Forecast, Price & News

$76.81
-0.51 (-0.66%)
(As of 08/18/2022 12:57 PM ET)
Add
Compare
Today's Range
$76.76
$77.43
50-Day Range
$66.05
$77.44
52-Week Range
$64.40
$80.46
Volume
2,578 shs
Average Volume
474,923 shs
Market Capitalization
$7.08 billion
P/E Ratio
13.97
Dividend Yield
2.69%
Price Target
$77.25

Prosperity Bancshares MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.6% Upside
$77.25 Price Target
Short Interest
Bearish
2.75% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.35
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$170,484 Sold Last Quarter
Proj. Earnings Growth
7.45%
From $5.77 to $6.20 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.12 out of 5 stars

Finance Sector

708th out of 932 stocks

State Commercial Banks Industry

163rd out of 194 stocks

PB stock logo

About Prosperity Bancshares (NYSE:PB) Stock

Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts, as well as and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural, 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, as well as loans for working capital, business expansion, and purchase of equipment and machinery. In addition, it provides internet banking, mobile banking, trust and wealth management, retail brokerage, mortgage services, and treasury management, as well as debit and credit cards. As of December 31, 2021, the company operated 273 full-service banking locations comprising 65 in the Houston area, including The Woodlands; 30 in the South Texas area including Corpus Christi and Victoria; 63 in the Dallas/Fort Worth, Texas area; 22 in the East Texas area; 29 in the Central Texas area, including 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 doing business as LegacyTexas Bank. Prosperity Bancshares, Inc. was founded in 1983 and is based in Houston, Texas.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Prosperity Bancshares from a "sell" rating to a "hold" rating in a research report on Wednesday, August 3rd. Truist Financial reduced their target price on shares of Prosperity Bancshares from $78.00 to $77.00 and set a "buy" rating on the stock in a research report on Wednesday, June 15th. Piper Sandler reduced their target price on shares of Prosperity Bancshares to $78.00 in a research report on Monday, July 4th. Finally, Wolfe Research reduced their target price on shares of Prosperity Bancshares from $69.00 to $63.00 and set an "underperform" rating on the stock in a research report on Thursday, May 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $77.25.

Prosperity Bancshares Trading Down 0.2 %

Shares of PB traded down $0.12 on Wednesday, reaching $77.32. 309,510 shares of the company's stock were exchanged, compared to its average volume of 517,723. The stock has a market capitalization of $7.13 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 1.33 and a beta of 1.05. The business has a 50 day moving average price of $70.50 and a two-hundred day moving average price of $70.60. Prosperity Bancshares has a 12 month low of $64.40 and a 12 month high of $80.46.

Prosperity Bancshares (NYSE:PB - Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The bank reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.02. The business had revenue of $286.10 million during the quarter, compared to the consensus estimate of $285.39 million. Prosperity Bancshares had a net margin of 43.50% and a return on equity of 7.85%. Prosperity Bancshares's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.41 earnings per share. Equities research analysts predict that Prosperity Bancshares will post 5.77 EPS for the current year.

Prosperity Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Wednesday, September 14th. Prosperity Bancshares's payout ratio is presently 37.82%.

Insider Buying and Selling at Prosperity Bancshares

In other Prosperity Bancshares news, Director Robert H. Steelhammer sold 1,200 shares of the company's stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $72.57, for a total value of $87,084.00. Following the completion of the sale, the director now owns 135,455 shares of the company's stock, valued at $9,829,969.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Robert H. Steelhammer sold 1,200 shares of the stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $72.57, for a total transaction of $87,084.00. Following the completion of the sale, the director now owns 135,455 shares of the company's stock, valued at $9,829,969.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman H E. Timanus, Jr. acquired 2,000 shares of the stock in a transaction dated Thursday, June 16th. The shares were bought at an average cost of $65.60 per share, with a total value of $131,200.00. Following the transaction, the chairman now directly owns 4,000 shares of the company's stock, valued at $262,400. The disclosure for this purchase can be found here. Insiders own 4.22% of the company's stock.

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PB Stock News Headlines

Prosperity Bancshares, Inc. (PB)
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PB Company Calendar

Ex-Dividend for 7/1 Dividend
6/14/2022
Dividend Payable
7/01/2022
Last Earnings
7/27/2022
Today
8/18/2022
Ex-Dividend for 10/3 Dividend
9/14/2022
Dividend Payable
10/03/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Previous Symbol
NASDAQ:PRSP
CUSIP
74360610
Employees
3,704
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$77.25
High Stock Price Forecast
$91.00
Low Stock Price Forecast
$63.00
Forecasted Upside/Downside
+0.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$519.30 million
Pretax Margin
55.23%

Debt

Sales & Book Value

Annual Sales
$1.19 billion
Cash Flow
$6.53 per share
Book Value
$70.75 per share

Miscellaneous

Free Float
88,292,000
Market Cap
$7.08 billion
Optionable
Optionable
Beta
1.05














PB Stock - Frequently Asked Questions

Should I buy or sell Prosperity Bancshares stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" PB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PB, but not buy additional shares or sell existing shares.
View PB analyst ratings
or view top-rated stocks.

What is Prosperity Bancshares' stock price forecast for 2022?

4 analysts have issued 1-year target prices for Prosperity Bancshares' stock. Their PB share price forecasts range from $63.00 to $91.00. On average, they anticipate the company's share price to reach $77.25 in the next twelve months. This suggests that the stock has a possible downside of 0.1%.
View analysts price targets for PB
or view top-rated stocks among Wall Street analysts.

How have PB shares performed in 2022?

Prosperity Bancshares' stock was trading at $72.30 at the beginning of 2022. Since then, PB stock has increased by 6.9% and is now trading at $77.32.
View the best growth stocks for 2022 here
.

When is Prosperity Bancshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our PB earnings forecast
.

How were Prosperity Bancshares' earnings last quarter?

Prosperity Bancshares, Inc. (NYSE:PB) announced its earnings results on Wednesday, July, 27th. The bank reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.02. The bank earned $286.10 million during the quarter, compared to analysts' expectations of $285.39 million. Prosperity Bancshares had a trailing twelve-month return on equity of 7.85% and a net margin of 43.50%. The company's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.41 earnings per share.

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

Prosperity Bancshares declared a quarterly dividend on Friday, July 22nd. Shareholders of record on Thursday, September 15th will be given a dividend of $0.52 per share on Monday, October 3rd. This represents a $2.08 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Wednesday, September 14th.
Read our dividend analysis for PB
.

Is Prosperity Bancshares a good dividend stock?

Prosperity Bancshares (NYSE:PB) pays an annual dividend of $2.08 per share and currently has a dividend yield of 2.69%. The company has been increasing its dividend for 24 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 37.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PB will have a dividend payout ratio of 33.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PB.

What is David Zalman's approval rating as Prosperity Bancshares' CEO?

72 employees have rated Prosperity Bancshares Chief Executive Officer David Zalman on Glassdoor.com. David Zalman has an approval rating of 52% among the company's employees. This puts David Zalman in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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 a number of institutional and retail investors. Top institutional shareholders include State Street Corp (8.99%), Victory Capital Management Inc. (5.27%), Massachusetts Financial Services Co. MA (3.49%), Champlain Investment Partners LLC (3.19%), Brown Advisory Inc. (2.68%) and Northern Trust Corp (1.28%). Insiders that own company stock include Asylbek Osmonov, Charlotte M Rasche, David Zalman, George A Fisk, H E Timanus Jr, Kevin J Hanigan, Robert H Steelhammer, Robert J Dowdell and Robert J Dowdell.
View institutional ownership trends
.

How do I buy shares of Prosperity Bancshares?

Shares of PB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Prosperity Bancshares' stock price today?

One share of PB stock can currently be purchased for approximately $77.32.

How much money does Prosperity Bancshares make?

Prosperity Bancshares (NYSE:PB) has a market capitalization of $7.13 billion and generates $1.19 billion in revenue each year. The bank earns $519.30 million in net income (profit) each year or $5.50 on an earnings per share basis.

How many employees does Prosperity Bancshares have?

The company employs 3,704 workers across the globe.

How can I contact Prosperity Bancshares?

Prosperity Bancshares' mailing address is 4295 SAN FELIPE, HOUSTON TX, 77027. The official website for the company is www.prosperitybankusa.com. The bank can be reached via phone at (281) 269-7199, via email at investor.relations@prosperitybanktx.com, or via fax at 281-269-7222.

This page (NYSE:PB) was last updated on 8/18/2022 by MarketBeat.com Staff

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