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Prosperity Bancshares - PB Stock Forecast, Price & News

$77.81
-0.44 (-0.56%)
(As of 02/6/2023 12:00 AM ET)
Add
Compare
Today's Range
$76.99
$78.21
50-Day Range
$68.17
$78.25
52-Week Range
$64.69
$78.43
Volume
373,290 shs
Average Volume
494,408 shs
Market Capitalization
$7.10 billion
P/E Ratio
13.58
Dividend Yield
2.81%
Price Target
$75.40

Prosperity Bancshares MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.1% Downside
$75.40 Price Target
Short Interest
Bearish
2.79% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.37
Upright™ Environmental Score
News Sentiment
0.32mentions of Prosperity Bancshares in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.04%
From $5.86 to $6.39 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.13 out of 5 stars

Finance Sector

503rd out of 850 stocks

State Commercial Banks Industry

107th out of 177 stocks

PB stock logo

About Prosperity Bancshares (NYSE:PB) Stock

Prosperity Bancshares, Inc. is a holding company, which engages in the provision of financial products and solutions. It offers retail and commercial banking services such as deposits, online Internet banking, loan, investments, trust, and credit card to small and medium-sized businesses and consumers. The company was founded by Tracy T. Rudolph in 1983 and is headquartered in Houston, TX.

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PB Stock News Headlines

The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
Prosperity Bancshares (PB) Declares $0.55 Dividend
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
4 big stock buybacks: Costco, Kinder Morgan
KeyCorp (KEY) Stock Up on 5.1% Hike in Quarterly Dividend
Bank OZK (OZK) Stock Up 1.3% on New Share Repurchase Plan
See More Headlines
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PB Company Calendar

Ex-Dividend for 1/3 Dividend
12/14/2022
Dividend Payable
1/03/2023
Last Earnings
1/25/2023
Today
2/06/2023
Ex-Dividend for 4/3 Dividend
3/14/2023
Dividend Payable
4/03/2023
Next Earnings (Estimated)
4/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Previous Symbol
NASDAQ:PRSP
CUSIP
74360610
Employees
3,704
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$75.40
High Stock Price Forecast
$82.00
Low Stock Price Forecast
$63.00
Forecasted Upside/Downside
-3.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
$524.52 million
Pretax Margin
53.72%

Debt

Sales & Book Value

Annual Sales
$1.11 billion
Cash Flow
$6.02 per share
Book Value
$73.37 per share

Miscellaneous

Free Float
87,456,000
Market Cap
$7.10 billion
Optionable
Optionable
Beta
0.98

Key Executives

  • David E. ZalmanDavid E. Zalman
    Senior Chairman & Chief Executive Officer
  • Kevin J. Hanigan
    President, Chief Operating Officer & Director
  • Asylbek Osmonov
    Chief Financial Officer
  • Randy Hester
    Chief Lending Officer & Executive Vice President
  • Charlotte M. Rasche
    Executive Vice President & General Counsel













PB Stock - Frequently Asked Questions

Should I buy or sell Prosperity Bancshares stock right now?

7 Wall Street equities research 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 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PB shares. 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 PB analyst ratings
or view top-rated stocks.

What is Prosperity Bancshares' stock price forecast for 2023?

7 brokers have issued 12 month price targets for Prosperity Bancshares' stock. Their PB share price forecasts range from $63.00 to $82.00. On average, they predict the company's stock price to reach $75.40 in the next year. This suggests that the stock has a possible downside of 2.6%.
View analysts price targets for PB
or view top-rated stocks among Wall Street analysts.

How have PB shares performed in 2023?

Prosperity Bancshares' stock was trading at $72.68 on January 1st, 2023. Since then, PB stock has increased by 6.5% and is now trading at $77.41.
View the best growth stocks for 2023 here
.

Are investors shorting Prosperity Bancshares?

Prosperity Bancshares saw a increase in short interest in January. As of January 15th, there was short interest totaling 2,440,000 shares, an increase of 15.1% from the December 31st total of 2,120,000 shares. Based on an average daily trading volume, of 438,900 shares, the short-interest ratio is currently 5.6 days. Currently, 2.8% of the shares of the stock are sold short.
View Prosperity Bancshares' Short Interest
.

When is Prosperity Bancshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our PB earnings forecast
.

How were Prosperity Bancshares' earnings last quarter?

Prosperity Bancshares, Inc. (NYSE:PB) posted its earnings results on Wednesday, January, 25th. The bank reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.01. The bank had revenue of $346.32 million for the quarter, compared to analyst estimates of $296.52 million. Prosperity Bancshares had a trailing twelve-month return on equity of 7.97% and a net margin of 42.30%. During the same quarter in the prior year, the business earned $1.38 EPS.

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

Prosperity Bancshares announced a quarterly dividend on Wednesday, January 18th. Investors of record on Wednesday, March 15th will be paid a dividend of $0.55 per share on Monday, April 3rd. This represents a $2.20 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Tuesday, March 14th.
Read our dividend analysis for PB
.

Is Prosperity Bancshares a good dividend stock?

Prosperity Bancshares (NYSE:PB) pays an annual dividend of $2.20 per share and currently has a dividend yield of 2.81%. The company has been increasing its dividend for 25 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 38.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PB will have a dividend payout ratio of 34.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PB.

What is David Zalman's approval rating as Prosperity Bancshares' CEO?

72 employees have rated Prosperity Bancshares Chief Executive Officer David Zalman on Glassdoor.com. David Zalman has an approval rating of 52% among the company's employees. This puts David Zalman in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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), Designer Brands (DBI) and Micron Technology (MU).

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 a variety of retail and institutional investors. Top institutional shareholders include Scout Investments Inc. (1.10%), ProShare Advisors LLC (0.50%), Private Management Group Inc. (0.49%), Fisher Asset Management LLC (0.39%), Copeland Capital Management LLC (0.37%) and New York State Common Retirement Fund (0.28%). Insiders that own company stock include Asylbek Osmonov, Charlotte M Rasche, David Zalman, George A Fisk, H E Timanus Jr, Robert H Steelhammer and Robert J Dowdell.
View institutional ownership trends
.

How do I buy shares of Prosperity Bancshares?

Shares of PB stock 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.
Compare Top Brokerages Here.

What is Prosperity Bancshares' stock price today?

One share of PB stock can currently be purchased for approximately $77.41.

How much money does Prosperity Bancshares make?

Prosperity Bancshares (NYSE:PB) has a market capitalization of $7.07 billion and generates $1.11 billion in revenue each year. The bank earns $524.52 million in net income (profit) each year or $5.73 on an earnings per share basis.

How many employees does Prosperity Bancshares have?

The company employs 3,704 workers across the globe.

How can I contact Prosperity Bancshares?

Prosperity Bancshares' mailing address is 4295 SAN FELIPE, HOUSTON TX, 77027. The official website for the company is www.prosperitybankusa.com. The bank can be reached via phone at (281) 269-7199, via email at investor.relations@prosperitybanktx.com, or via fax at 281-269-7222.

This page (NYSE:PB) was last updated on 2/6/2023 by MarketBeat.com Staff