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NYSE:PB

Prosperity Bancshares (PB) Stock Price, News & Analysis

Prosperity Bancshares logo
$84.36 +2.02 (+2.45%)
(As of 11/22/2024 ET)

About Prosperity Bancshares Stock (NYSE:PB)

Key Stats

Today's Range
$82.45
$84.40
50-Day Range
$70.06
$82.98
52-Week Range
$57.16
$85.13
Volume
538,241 shs
Average Volume
565,034 shs
Market Capitalization
$8.04 billion
P/E Ratio
17.91
Dividend Yield
2.66%
Price Target
$78.96
Consensus Rating
Moderate Buy

Company Overview

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; term loans and lines of credit; 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. The company was incorporated in 1983 and is headquartered in Houston, Texas.

Prosperity Bancshares Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
95th Percentile Overall Score

PB MarketRank™: 

Prosperity Bancshares scored higher than 95% of companies evaluated by MarketBeat, and ranked 62nd out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Prosperity Bancshares has received a consensus rating of Moderate Buy. The company's average rating score is 2.69, and is based on 9 buy ratings, 4 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Prosperity Bancshares has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Prosperity Bancshares' stock forecast and price target.
  • Earnings Growth

    Earnings for Prosperity Bancshares are expected to grow by 14.85% in the coming year, from $5.05 to $5.80 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Prosperity Bancshares is 17.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.55.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Prosperity Bancshares is 17.91, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 44.53.

  • Price to Earnings Growth Ratio

    Prosperity Bancshares has a PEG Ratio of 1.22. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Prosperity Bancshares has a P/B Ratio of 1.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Prosperity Bancshares' valuation and earnings.
  • Percentage of Shares Shorted

    1.64% of the float of Prosperity Bancshares has been sold short.
  • Short Interest Ratio / Days to Cover

    Prosperity Bancshares has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Prosperity Bancshares has recently increased by 6.43%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Prosperity Bancshares pays a meaningful dividend of 2.74%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Prosperity Bancshares has been increasing its dividend for 27 years.

  • Dividend Coverage

    The dividend payout ratio of Prosperity Bancshares is 47.56%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Prosperity Bancshares will have a dividend payout ratio of 38.62% next year. This indicates that Prosperity Bancshares will be able to sustain or increase its dividend.

  • Read more about Prosperity Bancshares' dividend.
  • Percentage of Shares Shorted

    1.64% of the float of Prosperity Bancshares has been sold short.
  • Short Interest Ratio / Days to Cover

    Prosperity Bancshares has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Prosperity Bancshares has recently increased by 6.43%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Prosperity Bancshares has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.81 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 14 news articles for Prosperity Bancshares this week, compared to 5 articles on an average week.
  • Search Interest

    Only 1 people have searched for PB on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Prosperity Bancshares to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Prosperity Bancshares insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $82,700.00 in company stock.

  • Percentage Held by Insiders

    Only 4.28% of the stock of Prosperity Bancshares is held by insiders.

  • Percentage Held by Institutions

    80.69% of the stock of Prosperity Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Prosperity Bancshares' insider trading history.
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PB Stock News Headlines

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See More Headlines

PB Stock Analysis - Frequently Asked Questions

Prosperity Bancshares' stock was trading at $67.73 on January 1st, 2024. Since then, PB shares have increased by 24.6% and is now trading at $84.36.
View the best growth stocks for 2024 here
.

Prosperity Bancshares, Inc. (NYSE:PB) announced its quarterly earnings data on Wednesday, October, 23rd. The bank reported $1.34 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.03. The bank earned $459 million during the quarter, compared to analysts' expectations of $299.83 million. Prosperity Bancshares had a net margin of 25.39% and a trailing twelve-month return on equity of 6.46%.

Prosperity Bancshares' top institutional investors include Victory Capital Management Inc. (6.47%), State Street Corp (5.18%), Massachusetts Financial Services Co. MA (2.42%) and Wellington Management Group LLP (2.04%). Insiders that own company stock include H E Timanus Jr, Robert H Steelhammer, Ned S Holmes, George A Fisk and L Jack Lord.
View institutional ownership trends
.

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.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Prosperity Bancshares investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and Southern First Bancshares (SFST).

Company Calendar

Ex-Dividend for 10/1 Dividend
9/13/2024
Dividend Payable
10/01/2024
Last Earnings
10/23/2024
Today
11/22/2024
Ex-Dividend for 1/2 Dividend
12/13/2024
Fiscal Year End
12/31/2024
Dividend Payable
1/02/2025
Next Earnings (Estimated)
1/22/2025

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Previous Symbol
NASDAQ:PRSP
CUSIP
74360610
Employees
3,850
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$78.96
High Stock Price Target
$90.00
Low Stock Price Target
$68.00
Potential Upside/Downside
-6.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
13 Analysts

Profitability

Net Income
$419.32 million
Pretax Margin
32.42%

Debt

Sales & Book Value

Annual Sales
$1.60 billion
Cash Flow
$5.63 per share
Book Value
$77.27 per share

Miscellaneous

Free Float
91,188,000
Market Cap
$8.04 billion
Optionable
Optionable
Beta
0.89

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This page (NYSE:PB) was last updated on 11/23/2024 by MarketBeat.com Staff
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