S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NYSE:PB

Prosperity Bancshares (PB) Stock Forecast, Price & News

$69.31
-0.51 (-0.73%)
(As of 05/20/2022 07:00 PM ET)
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Today's Range
$68.44
$70.60
50-Day Range
$65.09
$72.64
52-Week Range
$64.40
$80.46
Volume
1.12 million shs
Average Volume
512,867 shs
Market Capitalization
$6.39 billion
P/E Ratio
12.58
Dividend Yield
3.00%
Beta
1.08
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Prosperity Bancshares logo

About Prosperity Bancshares

Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts, as well as and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural, 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, mobile banking, trust and wealth management, retail brokerage, mortgage services, and treasury management, as well as debit and credit cards. As of December 31, 2021, the company operated 273 full-service banking locations comprising 65 in the Houston area, including The Woodlands; 30 in the South Texas area including Corpus Christi and Victoria; 63 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; and 8 in the Tulsa, Oklahoma area doing business as LegacyTexas Bank. Prosperity Bancshares, Inc. was founded in 1983 and is based in Houston, Texas.

Headlines

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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

Sales & Book Value

Annual Sales
$1.19 billion
Cash Flow
$6.53 per share
Book Value
$70.56 per share

Profitability

Net Income
$519.30 million
Pretax Margin
55.41%

Debt

Price-To-Earnings

Miscellaneous

Free Float
88,292,000
Market Cap
$6.39 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 4/1 Dividend
3/14/2022
Dividend Payable
4/01/2022
Last Earnings
4/27/2022
Today
5/22/2022
Ex-Dividend for 7/1 Dividend
6/14/2022
Dividend Payable
7/01/2022
Next Earnings (Estimated)
7/27/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.78 out of 5 stars

Finance Sector

261st out of 1,349 stocks

State Commercial Banks Industry

64th out of 235 stocks

Analyst Opinion: 1.8Community Rank: 3.3Dividend Strength: 4.2Insider Behavior: 3.3Valuation: 1.3 5 -4 -3 -2 -1 -













Prosperity Bancshares (NYSE:PB) Frequently Asked Questions

Is Prosperity Bancshares a buy right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street research 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 top-rated stocks.

Are investors shorting Prosperity Bancshares?

Prosperity Bancshares saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,060,000 shares, an increase of 24.8% from the April 15th total of 1,650,000 shares. Based on an average trading volume of 509,200 shares, the days-to-cover ratio is currently 4.0 days. Currently, 2.3% of the company's shares are short sold.
View Prosperity Bancshares' Short Interest
.

When is Prosperity Bancshares' next earnings date?

Prosperity Bancshares is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022.
View our earnings forecast for Prosperity Bancshares
.

How were Prosperity Bancshares' earnings last quarter?

Prosperity Bancshares, Inc. (NYSE:PB) announced its quarterly earnings results on Wednesday, April, 27th. The bank reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.02. Prosperity Bancshares had a net margin of 43.64% and a trailing twelve-month return on equity of 7.95%. During the same period last year, the firm earned $1.44 EPS.
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 Wednesday, April 20th. Investors of record on Wednesday, June 15th will be given a dividend of $0.52 per share on Friday, July 1st. This represents a $2.08 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Tuesday, June 14th.
View Prosperity Bancshares' dividend history
.

Is Prosperity Bancshares a good dividend stock?

Prosperity Bancshares pays an annual dividend of $2.08 per share and currently has a dividend yield of 3.00%. Prosperity Bancshares has been increasing its dividend for 24 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Prosperity Bancshares is 37.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Prosperity Bancshares will have a dividend payout ratio of 34.61% 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?

3 brokers have issued twelve-month price objectives for Prosperity Bancshares' shares. Their forecasts range from $69.00 to $91.00. On average, they expect Prosperity Bancshares' stock price to reach $80.00 in the next year. This suggests a possible upside of 15.4% from the stock's current price.
View analysts' price targets for Prosperity Bancshares
or view top-rated stocks among Wall Street analysts.

Who are Prosperity Bancshares' key executives?
Prosperity Bancshares' management team includes the following people:
  • Mr. David E. Zalman, Sr. Chairman & CEO (Age 65, Pay $2.87M)
  • Mr. H. E. Timanus Jr., Chairman (Age 77, Pay $1.39M)
  • Mr. Kevin J. Hanigan, Pres, COO & Director (Age 65, Pay $2.11M)
  • Mr. Asylbek Osmonov, Chief Financial Officer (Age 40, Pay $654.28k)
  • Mr. Edward Z. Safady, Advisory Director & Vice Chairman (Age 64, Pay $1.28M)
  • Ms. Charlotte M. Rasche J.D., Exec. VP & Gen. Counsel (Age 57)
  • 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 64)
What is David Zalman's approval rating as Prosperity Bancshares' CEO?

72 employees have rated Prosperity Bancshares CEO David Zalman on Glassdoor.com. David Zalman has an approval rating of 52% among Prosperity Bancshares' 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 number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.07%), BlackRock Inc. (8.91%), State Street Corp (8.37%), Victory Capital Management Inc. (4.20%), Wellington Management Group LLP (4.12%) and Massachusetts Financial Services Co. MA (3.42%). Company insiders that own Prosperity Bancshares stock include David Zalman, George A Fisk, H E Timanus Jr, Robert H Steelhammer and Robert J Dowdell.
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 Wellington Management Group LLP, Captrust Financial Advisors, Handelsbanken Fonder AB, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Ergoteles LLC, First Trust Advisors LP, Vanguard Group Inc., and Champlain Investment Partners LLC.
View insider buying and selling activity for Prosperity Bancshares
or view top insider-selling stocks.

Which institutional investors are buying Prosperity Bancshares stock?

PB stock was purchased by a variety of institutional investors in the last quarter, including American Century Companies Inc., State Street Corp, Jupiter Asset Management Ltd., Goldman Sachs Group Inc., BlackRock Inc., Victory Capital Management Inc., Massachusetts Financial Services Co. MA, and NN Investment Partners Holdings N.V.. Company insiders that have bought Prosperity Bancshares stock in the last two years include David Zalman, and H E Timanus Jr.
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.
Compare Top Brokerages Here.

What is Prosperity Bancshares' stock price today?

One share of PB stock can currently be purchased for approximately $69.31.

How much money does Prosperity Bancshares make?

Prosperity Bancshares has a market capitalization of $6.39 billion and generates $1.19 billion in revenue each year. The bank earns $519.30 million in net income (profit) each year or $5.509990 on an earnings per share basis.

How many employees does Prosperity Bancshares have?

Prosperity Bancshares employs 3,704 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, via email at [email protected], or via fax at 281-269-7222.

This page was last updated on 5/23/2022 by MarketBeat.com Staff

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