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NYSE:PB

Prosperity Bancshares Stock Forecast, Price & News

$70.30
+1.09 (+1.57 %)
(As of 01/22/2021 03:59 PM ET)
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Today's Range
$68.75
Now: $70.30
$70.30
50-Day Range
$64.93
MA: $68.79
$72.41
52-Week Range
$42.02
Now: $70.30
$75.22
Volume13,385 shs
Average Volume429,895 shs
Market Capitalization$6.51 billion
P/E Ratio13.49
Dividend Yield2.76%
Beta1.37
Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides retail and commercial banking services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, time accounts; and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate 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, as well as loans for working capital, business expansion, and purchase of equipment and machinery. 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, 2019, the Bank operated 285 full-service banking locations comprising 65 in the Houston area, including The Woodlands; 30 in the South Texas area including Corpus Christi and Victoria; 33 in the Dallas/Fort Worth, Texas area; 22 in the East Texas area; 29 in the Central Texas area, including 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; 8 in the Tulsa, Oklahoma area; and 42 in the Dallas/Fort Worth area doing business as LegacyTexas Bank. Prosperity Bancshares, Inc. was founded in 1983 and is based in Houston, Texas.
Prosperity Bancshares logo

MarketRank

Overall MarketRank

1.86 out of 5 stars

Finance Sector

350th out of 1,934 stocks

State Commercial Banks Industry

76th out of 309 stocks

Analyst Opinion: 2.2Community Rank: 1.7Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Previous SymbolNASDAQ:PRSP
CUSIP74360610
Phone281-269-7199
Employees3,901

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$957.22 million
Cash Flow$4.41 per share
Book Value$63.02 per share

Profitability

Net Income$332.55 million

Miscellaneous

Market Cap$6.51 billion
Next Earnings Date1/27/2021 (Confirmed)
OptionableOptionable
$70.30
+1.09 (+1.57 %)
(As of 01/22/2021 03:59 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Prosperity Bancshares (NYSE:PB) Frequently Asked Questions

How has Prosperity Bancshares' stock price been impacted by COVID-19?

Prosperity Bancshares' stock was trading at $50.81 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PB stock has increased by 37.3% and is now trading at $69.74.
View which stocks have been most impacted by COVID-19
.

Is Prosperity Bancshares a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last year. There are currently 1 sell rating, 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Prosperity Bancshares?

Wall Street analysts have given Prosperity Bancshares a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Prosperity Bancshares wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Larry J. Merlo's approval rating as Prosperity Bancshares' CEO?

6,978 employees have rated Prosperity Bancshares CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Prosperity Bancshares' employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

When is Prosperity Bancshares' next earnings date?

Prosperity Bancshares is scheduled to release its next quarterly earnings announcement on Wednesday, January 27th 2021.
View our earnings forecast for Prosperity Bancshares
.

How can I listen to Prosperity Bancshares' earnings call?

Prosperity Bancshares will be holding an earnings conference call on Wednesday, January 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Prosperity Bancshares' earnings last quarter?

Prosperity Bancshares, Inc. (NYSE:PB) announced its earnings results on Wednesday, October, 28th. The bank reported $1.40 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.31 by $0.09. The bank had revenue of $293.04 million for the quarter, compared to the consensus estimate of $278.74 million. Prosperity Bancshares had a net margin of 37.67% and a return on equity of 8.42%.
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, October 29th. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.49 per share on Monday, January 4th. This represents a $1.96 annualized dividend and a yield of 2.81%. The ex-dividend date is Monday, December 14th. This is a positive change from Prosperity Bancshares's previous quarterly dividend of $0.46.
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 2.76%. Prosperity Bancshares does not yet have a strock track record of dividend growth. The dividend payout ratio of Prosperity Bancshares is 39.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Prosperity Bancshares will have a dividend payout ratio of 38.13% 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?

13 brokerages have issued twelve-month target prices for Prosperity Bancshares' stock. Their forecasts range from $57.00 to $80.00. On average, they anticipate Prosperity Bancshares' share price to reach $70.20 in the next twelve months. This suggests a possible upside of 0.7% from the stock's current price.
View analysts' price targets for Prosperity Bancshares
or view Wall Street analyst' top-rated stocks.

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), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), The Scotts Miracle-Gro (SMG), Accenture (ACN), AutoZone (AZO), Designer Brands (DBI) and Micron Technology (MU).

Who are Prosperity Bancshares' key executives?

Prosperity Bancshares' management team includes the following people:
  • Mr. David E. Zalman, Sr. Chairman & CEO (Age 63, Pay $3.38M)
  • Mr. H. E. Timanus Jr., Chairman (Age 75, Pay $1.84M)
  • Mr. Kevin J. Hanigan, Pres, COO & Director (Age 63, Pay $1.45M)
  • Mr. Asylbek Osmonov, Chief Financial Officer (Age 40, Pay $472.09k)
  • Mr. Edward Z. Safady, Advisory Director & Vice Chairman (Age 62, Pay $1.83M)
  • Ms. Charlotte M. Rasche J.D., Exec. VP & Gen. Counsel (Age 55)
  • Ms. Lori Wakefield, Sr. VP of Prosperity Bank
  • Mr. Mike Reaves, Sr. VP of Prosperity Bank
  • Mr. Denny W. Buchanan, Sr. VP of Prosperity Bank
  • Mr. Robert J. Dowdell, Exec. VP (Age 63)

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 many different retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.30%), CFO4Life Group LLC (0.03%), State of Alaska Department of Revenue (0.02%), Pacer Advisors Inc. (0.01%), Crossmark Global Holdings Inc. (0.01%) and Americana Partners LLC (0.01%). Company insiders that own Prosperity Bancshares stock include Asylbek Osmonov, Charlotte M Rasche, David Zalman, H E Timanus Jr, Kevin J Hanigan 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 Wedge Capital Management L L P NC, Pacer Advisors Inc., CFO4Life Group LLC, First Midwest Bank Trust Division, and State of Alaska Department of Revenue.
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 purchased by a variety of institutional investors in the last quarter, including Americana Partners LLC, First Citizens Bank & Trust Co., CX Institutional, Procyon Private Wealth Partners LLC, Huntington National Bank, Crossmark Global Holdings Inc., and Founders Capital Management. 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
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.

What is Prosperity Bancshares' stock price today?

One share of PB stock can currently be purchased for approximately $69.74.

How big of a company is Prosperity Bancshares?

Prosperity Bancshares has a market capitalization of $6.46 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 1/22/2021 by MarketBeat.com Staff

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