NYSE:PB - Prosperity Bancshares Stock Price, News, & Analysis

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$66.50 -2.86 (-4.12 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$66.50
Today's Range$66.01 - $68.74
52-Week Range$57.01 - $76.92
Volume477,812 shs
Average Volume327,286 shs
Market Capitalization$4.65 billion
P/E Ratio14.43
Dividend Yield2.36%
Beta1.4
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.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Previous SymbolNASDAQ:PRSP
CUSIP74360610
Phone281-269-7199

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$843.22 million
Cash Flow$5.1036 per share
Book Value$58.03 per share

Profitability

Net Income$321.81 million

Miscellaneous

Employees3,036
Market Cap$4.65 billion
Next Earnings Date4/24/2019 (Estimated)
OptionableOptionable

Prosperity Bancshares (NYSE:PB) Frequently Asked Questions

What is Prosperity Bancshares' stock symbol?

Prosperity Bancshares trades on the New York Stock Exchange (NYSE) under the ticker symbol "PB."

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

Prosperity Bancshares announced a quarterly dividend on Thursday, January 31st. Shareholders of record on Friday, March 15th will be paid a dividend of $0.41 per share on Monday, April 1st. This represents a $1.64 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Thursday, March 14th. View Prosperity Bancshares' Dividend History.

How will Prosperity Bancshares' stock buyback program work?

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

How were Prosperity Bancshares' earnings last quarter?

Prosperity Bancshares, Inc. (NYSE:PB) posted its quarterly earnings data on Wednesday, January, 30th. The bank reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.01. The bank earned $186.33 million during the quarter, compared to the consensus estimate of $188.17 million. Prosperity Bancshares had a return on equity of 8.12% and a net margin of 38.17%. The business's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 EPS. View Prosperity Bancshares' Earnings History.

When is Prosperity Bancshares' next earnings date?

Prosperity Bancshares is scheduled to release their next quarterly earnings announcement on Wednesday, April 24th 2019. View Earnings Estimates for Prosperity Bancshares.

What price target have analysts set for PB?

8 equities research analysts have issued twelve-month target prices for Prosperity Bancshares' stock. Their forecasts range from $70.00 to $84.00. On average, they anticipate Prosperity Bancshares' share price to reach $75.5714 in the next twelve months. This suggests a possible upside of 13.6% from the stock's current price. View Analyst Price Targets for Prosperity Bancshares.

What is the consensus analysts' recommendation for Prosperity Bancshares?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last year. There are currently 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Prosperity Bancshares.

Has Prosperity Bancshares been receiving favorable news coverage?

News stories about PB stock have trended somewhat positive recently, InfoTrie reports. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. 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 news impact score of 0.6 on InfoTrie's scale. They also assigned news articles about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days.

Who are some of Prosperity Bancshares' key 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), Aegean Marine Petroleum Network (ANW), Chipotle Mexican Grill (CMG), Precision Drilling (PD), United Rentals (URI), YY (YY), AutoZone (AZO) and Micron Technology (MU).

Who are Prosperity Bancshares' key executives?

Prosperity Bancshares' management team includes the folowing people:
  • Mr. David E. Zalman, Chairman & CEO (Age 62)
  • Mr. H. E. Timanus Jr., Chairman & COO (Age 74)
  • Mr. David Hollaway CPA, Exec. VP & CFO (Age 63)
  • Ms. Charlotte M. Rasche J.D., Sr. EVP & Gen. Counsel (Age 54)
  • Ms. Cynthia A. Swindle, Sr. VP (Age 64)

Who are Prosperity Bancshares' major shareholders?

Prosperity Bancshares' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.67%), Victory Capital Management Inc. (4.90%), Atlanta Capital Management Co. L L C (4.70%), Findlay Park Partners LLP (4.07%), FMR LLC (3.82%) and Dimensional Fund Advisors LP (2.49%). Company insiders that own Prosperity Bancshares stock include David Hollaway, H E Timanus Jr, Harrison Stafford II, Leah Henderson, Michael Epps, Ned S Holmes, Randy Hester and Robert H Steelhammer. 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 Findlay Park Partners LLP, FMR LLC, Wedge Capital Management L L P NC, Deprince Race & Zollo Inc., Comerica Bank, Foresters Investment Management Company Inc., Copeland Capital Management LLC and Barclays PLC. Company insiders that have sold Prosperity Bancshares company stock in the last year include Harrison Stafford II, Leah Henderson, Ned S Holmes, Randy Hester and Robert H Steelhammer. View Insider Buying and Selling for Prosperity Bancshares.

Which major investors are buying Prosperity Bancshares stock?

PB stock was purchased by a variety of institutional investors in the last quarter, including Atlanta Capital Management Co. L L C, Oregon Public Employees Retirement Fund, Victory Capital Management Inc., Norges Bank, American Century Companies Inc., BlackRock Inc., Private Management Group Inc. and Bank of America Corp DE. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Prosperity Bancshares' stock price today?

One share of PB stock can currently be purchased for approximately $66.50.

How big of a company is Prosperity Bancshares?

Prosperity Bancshares has a market capitalization of $4.65 billion and generates $843.22 million in revenue each year. The bank earns $321.81 million in net income (profit) each year or $4.61 on an earnings per share basis. Prosperity Bancshares employs 3,036 workers across the globe.

What is Prosperity Bancshares' official website?

The official website for Prosperity Bancshares is http://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]


MarketBeat Community Rating for Prosperity Bancshares (NYSE PB)

Community Ranking:  1.6 out of 5 (star)
Outperform Votes:  213 (Vote Outperform)
Underperform Votes:  473 (Vote Underperform)
Total Votes:  686
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.
This page was last updated on 3/23/2019 by MarketBeat.com Staff

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