Prosperity Bancshares (PB) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $81.82 to $83.62
• 50-Day Range: $70.06 to $82.98
• 52-Week Range: $57.16 to $85.13
• Volume: 191,843 shs
• Average Volume: 570,733 shs
• Market Capitalization: $7.88 billion
• P/E Ratio: 17.56
• Dividend Yield: 2.71%
• Price Target: $78.96
• Consensus Rating: Moderate Buy

Prosperity Bancshares Stock Analysis - MarketRank™

Prosperity Bancshares scored higher than 95% of companies evaluated by MarketBeat, and ranked 68th out of 916 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

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.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 14.85%

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 17.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.28.

Price to Earnings Ratio vs. Sector

The P/E ratio of Prosperity Bancshares is 17.62, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.70.

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 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

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

• Score: 4.2 / 5
• Dividend Strength: Strong

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.

Sustainability and ESG

• Score: 3.6 / 5
• Environmental Score: -0.37

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 and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.57

News Sentiment

Prosperity Bancshares has a news sentiment score of 0.57. 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 0.78 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 21 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.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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.

PB Stock Analysis - Frequently Asked Questions

How have PB shares performed this year?

Prosperity Bancshares' stock was trading at $67.73 on January 1st, 2024. Since then, PB shares have increased by 22.5% and is now trading at $83.00.
View the best growth stocks for 2024 here.

How were Prosperity Bancshares' earnings last quarter?

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

Who are Prosperity Bancshares' major shareholders?

Top institutional investors of Prosperity Bancshares 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.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Prosperity Bancshares own?

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: 11/21/2024
• 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

• Stock Exchange: NYSE
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NYSE:PB
• Previous Symbol: NASDAQ:PRSP
• CUSIP: 74360610
• CIK: 1068851
• Web: www.prosperitybankusa.com
• Phone: (281) 269-7199
• Fax: 281-269-7222
• 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: -3.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.69
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.71
• Trailing P/E Ratio: 17.35
• Forward P/E Ratio: 16.18
• P/E Growth: 1.22
• Net Income: $419.32 million
• Net Margins: 25.39%
• Pretax Margin: 32.42%
• Return on Equity: 6.46%
• Return on Assets: 1.18%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.75
• Quick Ratio: 0.75

Sales & Book Value

• Annual Sales: $1.60 billion
• Price / Sales: 4.87
• Cash Flow: $5.45 per share
• Price / Cash Flow: 14.98
• Book Value: $77.27 per share
• Price / Book: 1.06

Miscellaneous

• Outstanding Shares: 95,260,000
• Free Float: 91,188,000
• Market Cap: $7.78 billion
• Optionable: Optionable
• Beta: 0.89