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

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$72.15 -0.35 (-0.48 %)
(As of 04/18/2019 06:54 AM ET)
Previous Close$72.50
Today's Range$71.67 - $72.95
52-Week Range$57.01 - $76.92
Volume221,400 shs
Average Volume410,593 shs
Market Capitalization$5.04 billion
P/E Ratio15.65
Dividend Yield2.26%
Beta1.38
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, 2018, 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.

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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$5.3924 per share
Book Value$58.03 per share

Profitability

Net Income$321.81 million

Miscellaneous

Employees3,036
Market Cap$5.04 billion
Next Earnings Date4/24/2019 (Confirmed)
OptionableOptionable

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, January 31st. Investors of record on Friday, March 15th will be given a dividend of $0.41 per share on Monday, April 1st. This represents a $1.64 annualized dividend and a yield of 2.27%. The ex-dividend date is Thursday, March 14th. View Prosperity Bancshares' Dividend History.

How will Prosperity Bancshares' stock buyback program work?

Prosperity Bancshares announced that its Board of Directors 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 reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its shares are undervalued.

How were Prosperity Bancshares' earnings last quarter?

Prosperity Bancshares, Inc. (NYSE:PB) posted its quarterly earnings data on Wednesday, January, 30th. The bank reported $1.19 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.18 by $0.01. The bank earned $186.33 million during the quarter, compared to the consensus estimate of $188.17 million. Prosperity Bancshares had a net margin of 38.17% and a return on equity of 8.12%. The company's revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 EPS. 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, April 24th 2019. View Earnings Estimates for Prosperity Bancshares.

How can I listen to Prosperity Bancshares' earnings call?

Prosperity Bancshares will be holding an earnings conference call on Wednesday, April 24th at 11:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8778830383.

What price target have analysts set for PB?

8 brokerages have issued 1-year price objectives for Prosperity Bancshares' stock. Their predictions range from $70.00 to $84.00. On average, they expect Prosperity Bancshares' stock price to reach $75.5714 in the next twelve months. This suggests a possible upside of 4.7% 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 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Prosperity Bancshares.

Has Prosperity Bancshares been receiving favorable news coverage?

News stories about PB stock have trended somewhat positive this week, according to InfoTrie. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Prosperity Bancshares earned a news sentiment score of 1.1 on InfoTrie's scale. They also assigned news articles about the bank a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future.

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), 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 Retirement Systems of Alabama (0.12%), Louisiana State Employees Retirement System (0.03%), New England Research & Management Inc. (0.02%), First Citizens Bank & Trust Co. (0.01%), Sciencast Management LP (0.01%) and Trust Department MB Financial Bank N A (0.01%). 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 New England Research & Management Inc. and Trust Department MB Financial Bank N A. Company insiders that have sold Prosperity Bancshares company stock in the last year include Harrison Stafford II, Leah Henderson, Ned S Holmes, Randy Hester and Robert H Steelhammer. View Insider Buying and Selling for Prosperity Bancshares.

Which institutional investors are buying Prosperity Bancshares stock?

PB stock was bought by a variety of institutional investors in the last quarter, including First Citizens Bank & Trust Co., Sciencast Management LP, Retirement Systems of Alabama and Louisiana State Employees Retirement System. 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 $72.15.

How big of a company is Prosperity Bancshares?

Prosperity Bancshares has a market capitalization of $5.04 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.

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:  216 (Vote Outperform)
Underperform Votes:  475 (Vote Underperform)
Total Votes:  691
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 4/18/2019 by MarketBeat.com Staff

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