About Prosperity Bancshares (NYSE:PB)
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, 2017, 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.
Industry, Sector and Symbol
Industry State commercial banks
Trailing P/E Ratio18.10
Forward P/E Ratio15.40
Sales & Book Value
Annual Sales$793.99 million
Price / Sales6.27
Cash Flow$4.7706 per share
Price / Cash14.95
Book Value$55.03 per share
Price / Book1.30
EPS (Most Recent Fiscal Year)$3.94
Net Income$272.16 million
Return on Equity7.34%
Return on Assets1.25%
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 26th. Stockholders of record on Friday, June 15th will be paid a dividend of $0.36 per share on Monday, July 2nd. This represents a $1.44 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, June 14th. View Prosperity Bancshares' Dividend History.
How will Prosperity Bancshares' stock buyback program work?
Prosperity Bancshares announced that its Board of Directors has initiated a stock buyback program on Friday, January 19th 2018, which authorizes the company to buyback 3,470,000 shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often 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) issued its quarterly 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 analyst estimates of $180.97 million. Prosperity Bancshares had a net margin of 34.87% and a return on equity of 7.34%. The firm's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 earnings per share. View Prosperity Bancshares' Earnings History.
When is Prosperity Bancshares' next earnings date?
What price target have analysts set for PB?
11 Wall Street analysts have issued 1 year target prices for Prosperity Bancshares' stock. Their forecasts range from $68.00 to $85.00. On average, they anticipate Prosperity Bancshares' share price to reach $75.5556 in the next year. View Analyst Ratings for Prosperity Bancshares.
Who are some of Prosperity Bancshares' key competitors?
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), Texas Capital Bancshares (TCBI), Associated Banc (ASB), Popular (BPOP), Iberiabank (IBKC), Hancock (HBHC), Chemical Financial (CHFC) and First Hawaiian Bank (FHB).
Who are Prosperity Bancshares' key executives?
Prosperity Bancshares' management team includes the folowing people:
- Mr. David E. Zalman, Chairman & CEO (Age 61)
- Mr. H. E. Timanus Jr., Vice Chairman (Age 73)
- Mr. Edward Z. Safady, Pres (Age 60)
- Mr. David Hollaway CPA, Exec. VP & CFO (Age 62)
- Ms. Charlotte M. Rasche J.D., Exec. VP & Gen. Counsel (Age 53)
Has Prosperity Bancshares been receiving favorable news coverage?
Headlines about PB stock have trended positive this week, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Prosperity Bancshares earned a media sentiment score of 0.45 on Accern's scale. They also assigned press coverage about the bank an impact score of 43.64 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are Prosperity Bancshares' major shareholders?
Prosperity Bancshares' stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.33%), Champlain Investment Partners LLC (2.90%), Findlay Park Partners LLP (2.73%), Dimensional Fund Advisors LP (2.45%), Barrow Hanley Mewhinney & Strauss LLC (1.52%) and Northern Trust Corp (1.18%). Company insiders that own Prosperity Bancshares stock include David Hollaway, Edward Z Safady, H E Timanus Jr, 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.
Which major investors are selling Prosperity Bancshares stock?
PB stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Russell Investments Group Ltd., Wedge Capital Management L L P NC, Prudential Financial Inc., Loomis Sayles & Co. L P, Olstein Capital Management L.P., Barclays PLC and State of Wisconsin Investment Board. 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.
Which major investors are buying Prosperity Bancshares stock?
PB stock was purchased by a variety of institutional investors in the last quarter, including Findlay Park Partners LLP, JPMorgan Chase & Co., BlackRock Inc., Champlain Investment Partners LLC, Handelsbanken Fonder AB, Handelsbanken Fonder AB, Victory Capital Management Inc. and Mariner 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 $71.32.
How big of a company is Prosperity Bancshares?
Prosperity Bancshares has a market capitalization of $4.98 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.
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 (PB)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.