Prosperity Bancshares (PB) Stock Price, News & Analysis

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last year. There are currently 5 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PB shares.
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11 Wall Street analysts have issued 12 month price objectives for Prosperity Bancshares' shares. Their PB share price targets range from $55.00 to $80.00. On average, they predict the company's share price to reach $68.79 in the next twelve months. This suggests a possible upside of 14.2% from the stock's current price.
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Prosperity Bancshares' stock was trading at $67.73 at the start of the year. Since then, PB stock has decreased by 11.0% and is now trading at $60.25.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
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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.

Prosperity Bancshares, Inc. (NYSE:PB) released its quarterly earnings data on Wednesday, January, 24th. The bank reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.04. The bank had revenue of $413 million for the quarter, compared to analyst estimates of $279.34 million. Prosperity Bancshares had a net margin of 26.24% and a trailing twelve-month return on equity of 6.62%. During the same period in the prior year, the firm earned $1.51 earnings per share.

Prosperity Bancshares announced a quarterly dividend on Wednesday, January 17th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.56 per share on Monday, April 1st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for PB.

Prosperity Bancshares (NYSE:PB) pays an annual dividend of $2.24 per share and currently has a dividend yield of 3.71%. The company has been increasing its dividend for 27 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 49.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PB will have a dividend payout ratio of 38.75% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PB.

ETFs with the largest weight of Prosperity Bancshares (NYSE:PB) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), SPDR S&P Regional Banking ETF (KRE), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), iShares U.S. Regional Banks ETF (IAT), SPDR S&P Bank ETF (KBE), First Trust Financial AlphaDEX Fund (FXO), First Trust Nasdaq Bank ETF (FTXO) and Direxion Daily Regional Banks Bull 3X Shares (DPST).

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Prosperity Bancshares investors own include Xtrackers California Municipal Bond ETF (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).

Prosperity Bancshares' stock is owned by many different retail and institutional investors. Top institutional investors include Kwmg LLC (0.09%), CFM Wealth Partners LLC (0.01%), CWM LLC (0.01%) and Mather Group LLC. (0.00%). Insiders that own company stock include George A Fisk, H E Timanus Jr, L Jack Lord and Robert H Steelhammer.
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Shares of PB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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