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. Shareholders of record on Friday, June 15th will be given a dividend of $0.36 per share on Monday, July 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, June 14th. View Prosperity Bancshares' Dividend History.

Prosperity Bancshares announced that its board has approved a stock repurchase program on Friday, January 19th 2018, which permits the company to buyback 3,470,000 shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

Prosperity Bancshares, Inc. (NYSE:PB) issued its 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 analysts' expectations of $180.97 million. Prosperity Bancshares had a return on equity of 7.34% and a net margin of 34.87%. Prosperity Bancshares's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.99 EPS. View Prosperity Bancshares' Earnings History.

Prosperity Bancshares is scheduled to release their next quarterly earnings announcement on Wednesday, July, 25th 2018. View Earnings Estimates for Prosperity Bancshares.

11 Wall Street analysts have issued 12 month price objectives for Prosperity Bancshares' stock. Their predictions range from $70.00 to $85.00. On average, they expect Prosperity Bancshares' share price to reach $75.00 in the next twelve months. This suggests a possible upside of 8.9% from the stock's current price. View Analyst Ratings for Prosperity Bancshares.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last year. There are currently 2 sell ratings, 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

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), Associated Banc (ASB), Popular (BPOP), Texas Capital Bancshares (TCBI), Hancock (HBHC), IBERIABANK (IBKC), Home Bancshares (HOMB) and Chemical Financial (CHFC).

Media stories about PB stock have been trending somewhat positive this week, Accern reports. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Prosperity Bancshares earned a news sentiment score of 0.09 on Accern's scale. They also assigned media coverage about the bank an impact score of 46.32 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

Prosperity Bancshares' stock is owned by many different of retail and institutional investors. Top institutional investors include Handelsbanken Fonder AB (0.69%), Fisher Asset Management LLC (0.54%), New England Research & Management Inc. (0.05%), Bank of Montreal Can (0.03%), Xact Kapitalforvaltning AB (0.01%) and Trust Department MB Financial Bank N A (0.01%). Company insiders that own Prosperity Bancshares stock include David Hollaway, Edward Z Safady, 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, Handelsbanken Fonder AB, Trust Department MB Financial Bank N A and Bank of Montreal Can. 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 Campbell & CO Investment Adviser LLC, New England Research & Management Inc., State of Alaska Department of Revenue and Xact Kapitalforvaltning AB. 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 $68.89.

Prosperity Bancshares has a market capitalization of $4.77 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]