S&P 500   4,577.10
DOW   34,639.79
QQQ   389.91
S&P 500   4,577.10
DOW   34,639.79
QQQ   389.91
S&P 500   4,577.10
DOW   34,639.79
QQQ   389.91
S&P 500   4,577.10
DOW   34,639.79
QQQ   389.91
NYSE:PB

Prosperity Bancshares Stock Forecast, Price & News

$72.68
+2.04 (+2.89%)
(As of 12/2/2021 12:00 AM ET)
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Today's Range
$70.49
$73.27
50-Day Range
$65.52
$78.34
52-Week Range
$64.40
$83.02
Volume
319,792 shs
Average Volume
375,246 shs
Market Capitalization
$6.70 billion
P/E Ratio
12.71
Dividend Yield
2.77%
Beta
1.25
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Prosperity Bancshares logo

About Prosperity Bancshares

Prosperity Bancshares, Inc. is a holding company, which engages in the provision of financial products and solutions. It offers retail and commercial banking services such as deposits, online Internet banking, loan services, investments, trust, and credit card to small and medium-sized businesses and consumers. The company was founded by Tracy T. Rudolph in 1983 and is headquartered in Houston, TX.

Headlines

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Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Previous Symbol
NASDAQ:PRSP
CUSIP
74360610
Employees
3,756
Year Founded
N/A

Sales & Book Value

Annual Sales
$1.28 billion
Cash Flow
$5.87 per share
Book Value
$68.85 per share

Profitability

Net Income
$528.90 million
Pretax Margin
55.47%

Debt

Price-To-Earnings

Miscellaneous

Free Float
88,322,000
Market Cap
$6.70 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
9/14/2021
Dividend Payable
10/01/2021
Last Earnings
10/26/2021
Today
12/03/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
1/26/2022

MarketRank

Overall MarketRank

2.51 out of 5 stars

Finance Sector

306th out of 1,340 stocks

State Commercial Banks Industry

60th out of 233 stocks

Analyst Opinion: 2.1Community Rank: 3.3Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -












Prosperity Bancshares (NYSE:PB) Frequently Asked Questions

Is Prosperity Bancshares a buy 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, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Prosperity Bancshares stock. 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 analyst ratings for Prosperity Bancshares
or view top-rated stocks.

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. Since then, PB stock has increased by 43.0% and is now trading at $72.68.
View which stocks have been most impacted by COVID-19
.

When is Prosperity Bancshares' next earnings date?

Prosperity Bancshares is scheduled to release its next quarterly earnings announcement on Wednesday, January 26th 2022.
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 Tuesday, October, 26th. The bank reported $1.39 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.37 by $0.02. The bank had revenue of $282.96 million for the quarter, compared to the consensus estimate of $279.83 million. Prosperity Bancshares had a trailing twelve-month return on equity of 8.47% and a net margin of 43.67%. The business's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the business posted $1.40 EPS.
View Prosperity Bancshares' earnings history
.

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

Prosperity Bancshares declared a quarterly dividend on Wednesday, October 20th. Stockholders of record on Wednesday, December 15th will be paid a dividend of $0.52 per share on Monday, January 3rd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Tuesday, December 14th. This is an increase from Prosperity Bancshares's previous quarterly dividend of $0.49.
View Prosperity Bancshares' dividend history
.

Is Prosperity Bancshares a good dividend stock?

Prosperity Bancshares pays an annual dividend of $1.96 per share and currently has a dividend yield of 2.77%. Prosperity Bancshares has been increasing its dividend for 23 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Prosperity Bancshares is 34.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Prosperity Bancshares will have a dividend payout ratio of 37.05% next year. This indicates that Prosperity Bancshares will be able to sustain or increase its dividend.
View Prosperity Bancshares' dividend history.

What price target have analysts set for PB?

4 analysts have issued 1 year price targets for Prosperity Bancshares' shares. Their forecasts range from $80.00 to $88.00. On average, they expect Prosperity Bancshares' share price to reach $84.75 in the next twelve months. This suggests a possible upside of 16.6% from the stock's current price.
View analysts' price targets for Prosperity Bancshares
or view top-rated stocks among Wall Street analysts.

Who are Prosperity Bancshares' key executives?

Prosperity Bancshares' management team includes the following people:
  • David E. Zalman, Senior Chairman & Chief Executive Officer
  • Kevin J. Hanigan, President, Chief Operating Officer & Director
  • Asylbek Osmonov, Chief Financial Officer
  • Randy Hester, Chief Lending Officer & Executive Vice President
  • Charlotte M. Rasche, Executive Vice President & General Counsel

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

72 employees have rated Prosperity Bancshares CEO David Zalman on Glassdoor.com. David Zalman has an approval rating of 52% among Prosperity Bancshares' 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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.51%), Wellington Management Group LLP (4.29%), Victory Capital Management Inc. (3.96%), Massachusetts Financial Services Co. MA (3.14%), Neuberger Berman Group LLC (2.03%) and Dimensional Fund Advisors LP (1.88%). Company insiders that own Prosperity Bancshares stock include Asylbek Osmonov, Charlotte M Rasche, David Zalman, George A Fisk, H E Timanus Jr, 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 Wellington Management Group LLP, BlackRock Inc., Barclays PLC, UBS Group AG, Millennium Management LLC, Citigroup Inc., Neuberger Berman Group LLC, and Invesco Ltd.. Company insiders that have sold Prosperity Bancshares company stock in the last year include George A Fisk, Robert H Steelhammer, and Robert J Dowdell.
View insider buying and selling activity for Prosperity Bancshares
or view top insider-selling stocks.

Which major investors are buying Prosperity Bancshares stock?

PB stock was acquired by a variety of institutional investors in the last quarter, including American Century Companies Inc., Dimensional Fund Advisors LP, Massachusetts Financial Services Co. MA, Voloridge Investment Management LLC, New York State Common Retirement Fund, Private Management Group Inc., Premier Fund Managers Ltd, and Synergy Asset Management LLC. Company insiders that have bought Prosperity Bancshares stock in the last two years include Asylbek Osmonov, Charlotte M Rasche, David Zalman, and H E Timanus Jr.
View insider buying and selling activity for Prosperity Bancshares
or or view top insider-buying stocks.

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 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 $72.68.

How much money does Prosperity Bancshares make?

Prosperity Bancshares has a market capitalization of $6.70 billion and generates $1.28 billion in revenue each year. The bank earns $528.90 million in net income (profit) each year or $5.72 on an earnings per share basis.

How many employees does Prosperity Bancshares have?

Prosperity Bancshares employs 3,756 workers across the globe.

What is Prosperity Bancshares' official website?

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

Where are Prosperity Bancshares' headquarters?

Prosperity Bancshares is headquartered at 4295 SAN FELIPE, HOUSTON TX, 77027.

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, via email at [email protected], or via fax at 281-269-7222.


This page was last updated on 12/3/2021 by MarketBeat.com Staff

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