NYSE:PBProsperity Bancshares Stock Price, Forecast & News

$67.11

+1.36 (+2.07 %)

(As of 06/4/2020 04:00 PM ET)

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Today's Range

$64.96

Now: $67.11▼

$67.24

50-Day Range

$46.17

MA: $57.05▼

$68.11

52-Week Range

$42.02

Now: $67.11▼

$75.22

Volume429,777 shs

Average Volume805,990 shs

Market Capitalization$6.22 billion

P/E Ratio14.07

Dividend Yield2.80%

Beta1.45

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.

Beat the Market (BTM) Rank^™

2.2 Analyst's Opinion

Consensus Rating
Prosperity Bancshares has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 5 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $72.19, Prosperity Bancshares has a potential upside of 7.6% from its current price of $67.11.
Amount of Analyst Coverage
Prosperity Bancshares has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.7 Community Rank

Outperform Votes
Prosperity Bancshares has received 279 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Prosperity Bancshares has received 557 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Prosperity Bancshares has received 66.63% “underperform” votes from our community.

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.

5.0 Dividend Strength

Dividend Leadership
Prosperity Bancshares is a leading dividend payer. It pays a dividend yield of 2.80%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Prosperity Bancshares has been increasing its dividend for 16 years.
Dividend Coverage
The dividend payout ratio of Prosperity Bancshares is 36.65 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Prosperity Bancshares will have a dividend payout ratio of 38.25 % next year. This indicates that Prosperity Bancshares will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Prosperity Bancshares insiders have bought more of their company's stock than they have sold. Specifically, they have bought $981,910.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 4.01% of the stock of Prosperity Bancshares is held by insiders.
Percentage Held by Institutions
80.41% of the stock of Prosperity Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Prosperity Bancshares are expected to decrease by -3.41% in the coming year, from $4.98 to $4.81 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Prosperity Bancshares is 14.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of Prosperity Bancshares is 14.07, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 20.07.
Price to Earnings Growth Ratio
Prosperity Bancshares has a PEG Ratio of 1.27. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Prosperity Bancshares has a P/B Ratio of 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.83 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNYSE:PB

Previous SymbolNASDAQ:PRSP

CUSIP74360610

CIK1068851

Webwww.prosperitybankusa.com

Phone281-269-7199

Debt

Debt-to-Equity Ratio0.02

Current Ratio0.75

Quick Ratio0.75

Price-To-Earnings

Trailing P/E Ratio14.07

Forward P/E Ratio13.48

P/E Growth1.27

Sales & Book Value

Annual Sales$957.22 million

Price / Sales6.50

Cash Flow$4.71 per share

Price / Cash Flow14.26

Book Value$63.02 per share

Price / Book1.06

Profitability

EPS (Most Recent Fiscal Year)$5.02

Net Income$332.55 million

Net Margins35.42%

Return on Equity8.32%

Return on Assets1.54%

Miscellaneous

Employees3,901

Outstanding Shares92,661,000

Market Cap$6.22 billion

Next Earnings Date7/22/2020 (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 COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PB shares have increased by 32.1% and is now trading at $67.11. View which stocks have been most impacted by Coronavirus.

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

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last year. There are currently 1 sell rating, 4 hold ratings and 5 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, July 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, April, 29th. The bank reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. The bank earned $290.42 million during the quarter, compared to analyst estimates of $281.40 million. Prosperity Bancshares had a net margin of 35.42% and a return on equity of 8.32%. During the same period last year, the business posted $1.18 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 Thursday, April 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.46 per share on Wednesday, July 1st. This represents a $1.84 annualized dividend and a yield of 2.74%. The ex-dividend date is Friday, June 12th. View Prosperity Bancshares' dividend history.

What price target have analysts set for PB?

10 equities research analysts have issued twelve-month price objectives for Prosperity Bancshares' shares. Their forecasts range from $63.00 to $78.00. On average, they anticipate Prosperity Bancshares' stock price to reach $72.19 in the next year. This suggests a possible upside of 7.6% from the stock's current price. View analysts' price targets for Prosperity Bancshares.

Has Prosperity Bancshares been receiving favorable news coverage?

Media coverage about PB stock has trended neutral recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Prosperity Bancshares earned a daily sentiment score of 0.4 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutProsperity Bancshares.

Who are some of Prosperity Bancshares' key competitors?

Some companies that are related to Prosperity Bancshares include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). View all 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), Designer Brands (DBI) and NanoString Technologies (NSTG).

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."

Who are Prosperity Bancshares' major shareholders?

Prosperity Bancshares' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.81%), State Street Corp (6.39%), Victory Capital Management Inc. (4.01%), Victory Capital Management Inc. (4.01%), Atlanta Capital Management Co. L L C (3.33%) and Wellington Management Group LLP (3.26%). Company insiders that own Prosperity Bancshares stock include Asylbek Osmonov, Charlotte M Rasche, David Zalman, H E Timanus Jr, Harrison Stafford II, Kevin J Hanigan, Leah Henderson, 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 Janus Henderson Group PLC, Victory Capital Management Inc., Victory Capital Management Inc., Lord Abbett & CO. LLC, Wells Fargo & Company MN, BlackRock Inc., Balyasny Asset Management LLC, and Principal Financial Group Inc.. View insider buying and selling activity 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 State Street Corp, Waddell & Reed Financial Inc., Wellington Management Group LLP, Alliancebernstein L.P., Handelsbanken Fonder AB, Stieven Capital Advisors L.P., Elizabeth Park Capital Advisors Ltd., and Port Capital LLC. Company insiders that have bought Prosperity Bancshares stock in the last two years include Asylbek Osmonov, Charlotte M Rasche, David Zalman, H E Timanus Jr, and Kevin J Hanigan. View insider buying and selling activity 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 $67.11.

How big of a company is Prosperity Bancshares?

Prosperity Bancshares has a market capitalization of $6.22 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.

What is Prosperity Bancshares' official website?

The official website for Prosperity Bancshares is 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 6/4/2020 by MarketBeat.com Staff