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

$67.24
+0.39 (+0.58 %)
(As of 06/16/2019 09:48 AM ET)
Today's Range
$66.2117
Now: $67.24
$67.38
50-Day Range
$64.81
MA: $69.64
$74.36
52-Week Range
$57.01
Now: $67.24
$76.25
Volume285,693 shs
Average Volume193,213 shs
Market Capitalization$4.70 billion
P/E Ratio14.59
Dividend Yield2.44%
Beta1.42
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. Read More…

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$5.3196 per share
Book Value$58.03 per share

Profitability

Net Income$321.81 million

Miscellaneous

Employees3,036
Market Cap$4.70 billion
Next Earnings Date7/24/2019 (Estimated)
OptionableOptionable

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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, April 25th. Shareholders of record on Friday, June 14th will be given a dividend of $0.41 per share on Monday, July 1st. This represents a $1.64 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Thursday, June 13th. View Prosperity Bancshares' Dividend History.

How will Prosperity Bancshares' stock buyback program work?

Prosperity Bancshares declared that its board has approved a stock buyback plan on Friday, January 19th 2018, which permits the company to repurchase 3,470,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its shares are undervalued.

How were Prosperity Bancshares' earnings last quarter?

Prosperity Bancshares, Inc. (NYSE:PB) released its earnings results on Wednesday, April, 24th. The bank reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.17 by $0.01. The bank had revenue of $183.06 million for the quarter, compared to the consensus estimate of $185.27 million. Prosperity Bancshares had a net margin of 38.42% and a return on equity of 8.20%. During the same quarter last year, the firm posted $1.07 earnings per share. 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, July 24th 2019. View Earnings Estimates for Prosperity Bancshares.

What price target have analysts set for PB?

8 brokerages have issued 1 year price targets for Prosperity Bancshares' shares. Their predictions range from $70.00 to $84.00. On average, they expect Prosperity Bancshares' stock price to reach $75.50 in the next twelve months. This suggests a possible upside of 12.3% 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 1 sell rating, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings 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. 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)
  • 2. According to Zacks Investment Research, "Shares of Prosperity Bancshares have outperformed the industry over the past year. The company has a decent earnings surprise history, having beaten the Zacks Consensus Estimate in two of the trailing four quarters. While the bank's continued expansion via acquisitions, improving asset quality, and solid loan and deposit balances will likely support profitability in the quarters ahead, weakness in mortgage banking business and pressure on margins will impede revenue growth to some extent. Further, mounting operating expenses remain a concern and will likely hurt bottom-line growth to an extent." (4/3/2019)

Has Prosperity Bancshares been receiving favorable news coverage?

Press coverage about PB stock has trended positive on Sunday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news 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 -5 to 5, with scores closest to five being the most favorable. Prosperity Bancshares earned a news impact score of 2.9 on InfoTrie's scale. They also gave media coverage about the bank a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock's share price in the immediate future. View News Stories for Prosperity Bancshares.

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), NanoString Technologies (NSTG), Bank Of The Ozarks (OZRK), AutoZone (AZO) and Designer Brands (DSW).

Who are Prosperity Bancshares' key executives?

Prosperity Bancshares' management team includes the folowing 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)

Who are Prosperity Bancshares' major shareholders?

Prosperity Bancshares' stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.61%), Victory Capital Management Inc. (4.93%), Wellington Management Group LLP (3.62%), Findlay Park Partners LLP (3.37%), Champlain Investment Partners LLC (2.91%) and FMR LLC (2.86%). 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 institutional investors are selling Prosperity Bancshares stock?

PB stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Findlay Park Partners LLP, Deprince Race & Zollo Inc., Janus Henderson Group PLC, Handelsbanken Fonder AB, JPMorgan Chase & Co., Wedge Capital Management L L P NC and Pwmco LLC. Company insiders that have sold Prosperity Bancshares company stock in the last year include Harrison Stafford II, Leah Henderson and Robert H Steelhammer. View Insider Buying and Selling for Prosperity Bancshares.

Which institutional investors are buying Prosperity Bancshares stock?

PB stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, SEI Investments Co, Goldman Sachs Group Inc., Envestnet Asset Management Inc., Champlain Investment Partners LLC, Geode Capital Management LLC, Charles Schwab Investment Management Inc. and Avalon Advisors LLC. 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 $67.24.

How big of a company is Prosperity Bancshares?

Prosperity Bancshares has a market capitalization of $4.70 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.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]


MarketBeat Community Rating for Prosperity Bancshares (NYSE PB)

Community Ranking:  1.6 out of 5 (star)
Outperform Votes:  225 (Vote Outperform)
Underperform Votes:  487 (Vote Underperform)
Total Votes:  712
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 6/16/2019 by MarketBeat.com Staff

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