NYSE:PBProsperity Bancshares Stock Price, Forecast & News

$44.83

-2.18 (-4.64 %)

(As of 04/3/2020 04:00 PM ET)

Add

Compare

Today's Range

$43.68

Now: $44.83▼

$47.36

50-Day Range

$43.07

MA: $60.64▼

$74.87

52-Week Range

$42.02

Now: $44.83▼

$75.22

Volume669,847 shs

Average Volume879,021 shs

Market Capitalization$4.25 billion

P/E Ratio9.83

Dividend Yield3.91%

Beta1.36

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^™

4.1 Analyst's Opinion

Consensus Rating
Prosperity Bancshares has received a consensus rating of Hold. The company's average rating score is 2.22, and is based on 4 buy ratings, 3 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $75.07, Prosperity Bancshares has a potential upside of 67.5% from its current price of $44.83.
Amount of Analyst Coverage
Prosperity Bancshares has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.7 Community Rank

Outperform Votes
Prosperity Bancshares has received 275 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Prosperity Bancshares has received 550 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Prosperity Bancshares has received 66.67% “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 3.91%, 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 36.51 % 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
80.88% of the stock of Prosperity Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Prosperity Bancshares are expected to grow by 1.00% in the coming year, from $4.99 to $5.04 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Prosperity Bancshares is 9.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 11.23.
Price to Earnings Ratio vs. Sector
The P/E ratio of Prosperity Bancshares is 9.83, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 11.64.
Price to Earnings Growth Ratio
Prosperity Bancshares has a PEG Ratio of 0.92. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Prosperity Bancshares has a P/B Ratio of 0.71. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.71 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

Webhttp://www.prosperitybankusa.com/

Phone281-269-7199

Debt

Debt-to-Equity Ratio0.02

Current Ratio0.75

Quick Ratio0.75

Price-To-Earnings

Trailing P/E Ratio9.83

Forward P/E Ratio8.98

P/E Growth0.92

Sales & Book Value

Annual Sales$957.22 million

Price / Sales4.44

Cash Flow$4.33 per share

Price / Cash Flow10.36

Book Value$63.02 per share

Price / Book0.71

Profitability

EPS (Most Recent Fiscal Year)$5.02

Net Income$332.55 million

Net Margins34.66%

Return on Equity8.04%

Return on Assets1.49%

Miscellaneous

Employees3,901

Outstanding Shares94,743,000

Market Cap$4.25 billion

Next Earnings Date4/22/2020 (Estimated)

OptionableOptionable

Receive PB News and Ratings via Email

Sign-up to receive the latest news and ratings for PB and its competitors with MarketBeat's FREE daily newsletter.

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 Coronavirus reached pandemic status according to the World Health Organization. Since then, PB stock has decreased by 11.8% and is now trading at $44.83. View which stocks have been mosted impacted by Coronavirus.

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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last year. There are currently 2 sell ratings, 3 hold ratings and 4 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, April 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, January, 29th. The bank reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.22. The bank earned $267.54 million during the quarter, compared to the consensus estimate of $248.69 million. Prosperity Bancshares had a return on equity of 8.04% and a net margin of 34.66%. During the same quarter last year, the company posted $1.19 EPS. View Prosperity Bancshares' earnings history.

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

Prosperity Bancshares announced a quarterly dividend on Thursday, January 30th. Shareholders of record on Monday, March 16th will be given a dividend of $0.46 per share on Wednesday, April 1st. This represents a $1.84 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Friday, March 13th. View Prosperity Bancshares' dividend history.

What price target have analysts set for PB?

9 brokers have issued twelve-month target prices for Prosperity Bancshares' shares. Their forecasts range from $62.00 to $82.00. On average, they expect Prosperity Bancshares' stock price to reach $75.07 in the next twelve months. This suggests a possible upside of 67.5% from the stock's current price. View analysts' price targets for Prosperity Bancshares.

What are Wall Street analysts saying about Prosperity Bancshares stock?

Here are some recent quotes from research analysts about Prosperity Bancshares stock:

1. According to Zacks Investment Research, "Shares of Prosperity Bancshares have outperformed the industry so far this year. The company has a decent earnings surprise history. The bank has surpassed the Zacks Consensus Estimate in two of the trailing four quarters. The deal to acquire LegacyTexas Financial will be accretive to earnings in 2020 and lead to cost savings too. Further, improving asset quality, and solid loan and deposit balances are likely to support profitability in the quarters ahead. Moreover, steady capital deployment actions reflect strong balance sheet position and will enhance shareholder value. Nevertheless, weakness in mortgage banking business and pressure on margins (due to lower yields) will likely have an adverse impact on revenue growth to some extent. Additionally, mounting operating expenses remain a concern and might hurt bottom-line growth to some extent." (10/3/2019)
2. Stephens analysts commented, "We are lowering our 2020 EPS outlook to account for the soft balance sheet trends and moderating fee income and decreasing our price target to $74 (was $76) that is based on 15x our 2020 EPS forecast of $4.95. We reiterate our Equal-Weight rating." (4/24/2019)

Has Prosperity Bancshares been receiving favorable news coverage?

Press coverage about PB stock has trended very negative recently, according to InfoTrie Sentiment. The research firm rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Prosperity Bancshares earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. 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), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Signature Bank (SBNY), First Financial Bankshares (FFIN) and East West Bancorp (EWBC).

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), NanoString Technologies (NSTG) and Designer Brands (DBI).

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."

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 $44.83.

How big of a company is Prosperity Bancshares?

Prosperity Bancshares has a market capitalization of $4.25 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. View additional information about Prosperity Bancshares.

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]

This page was last updated on 4/4/2020 by MarketBeat.com Staff

Featured Article: Most Active Stocks: Dollar Volume vs Share Volume

NYSE:PBProsperity Bancshares Stock Price, Forecast & News

Adding

Adding

Adding Prosperity Bancshares, Inc.

Beat the Market (BTM) Rank™

4.1 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage

1.7 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

5.0 Dividend Strength

Dividend Leadership

Dividend Growth

Dividend Coverage

Dividend Sustainability