S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
NYSE:PB

Prosperity Bancshares (PB) Stock Price, News & Analysis

$65.06
+2.28 (+3.63%)
(As of 03/27/2024 ET)
Today's Range
$63.19
$65.07
50-Day Range
$60.32
$67.01
52-Week Range
$49.60
$68.88
Volume
559,535 shs
Average Volume
516,121 shs
Market Capitalization
$6.09 billion
P/E Ratio
14.36
Dividend Yield
3.44%
Price Target
$68.79

Prosperity Bancshares MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
5.7% Upside
$68.79 Price Target
Short Interest
Bearish
3.13% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.37
Upright™ Environmental Score
News Sentiment
0.48mentions of Prosperity Bancshares in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.23%
From $5.06 to $5.78 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.35 out of 5 stars

Finance Sector

183rd out of 863 stocks

State Commercial Banks Industry

35th out of 182 stocks

PB stock logo

About Prosperity Bancshares Stock (NYSE:PB)

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.

PB Stock Price History

PB Stock News Headlines

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Demystifying Prosperity Bancshares: Insights From 5 Analyst Reviews
Q4 2023 Prosperity Bancshares Inc Earnings Call
Prosperity Bancshares Q4 Net Profit Slips, But Beats Estimates
Prosperity Bancshares (PB) Q4 Earnings Surpass Estimates
See More Headlines
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Company Calendar

Ex-Dividend for 1/2 Dividend
12/14/2023
Dividend Payable
1/02/2024
Last Earnings
1/24/2024
Ex-Dividend for 4/1 Dividend
3/14/2024
Today
3/27/2024
Dividend Payable
4/01/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Banks - Regional
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
$68.79
High Stock Price Target
$80.00
Low Stock Price Target
$55.00
Potential Upside/Downside
+5.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
11 Analysts

Profitability

Net Income
$419.32 million
Pretax Margin
33.45%

Debt

Sales & Book Value

Annual Sales
$1.07 billion
Cash Flow
$5.66 per share
Book Value
$75.54 per share

Miscellaneous

Free Float
89,527,000
Market Cap
$6.09 billion
Optionable
Optionable
Beta
0.93
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Key Executives


PB Stock Analysis - Frequently Asked Questions

Should I buy or sell Prosperity Bancshares stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Prosperity Bancshares in the last twelve months. There are currently 5 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PB shares.
View PB analyst ratings
or view top-rated stocks.

What is Prosperity Bancshares' stock price target for 2024?

11 Wall Street analysts have issued 12-month price objectives for Prosperity Bancshares' stock. Their PB share price targets range from $55.00 to $80.00. On average, they predict the company's stock price to reach $68.79 in the next year. This suggests a possible upside of 5.7% from the stock's current price.
View analysts price targets for PB
or view top-rated stocks among Wall Street analysts.

How have PB shares performed in 2024?

Prosperity Bancshares' stock was trading at $67.73 at the start of the year. Since then, PB shares have decreased by 3.9% and is now trading at $65.06.
View the best growth stocks for 2024 here
.

When is Prosperity Bancshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our PB earnings forecast
.

How were Prosperity Bancshares' earnings last quarter?

Prosperity Bancshares, Inc. (NYSE:PB) posted its quarterly earnings data on Wednesday, January, 24th. The bank reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04. The bank earned $413 million during 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 quarter in the prior year, the business earned $1.51 EPS.

How often does Prosperity Bancshares pay dividends? What is the dividend yield for Prosperity Bancshares?

Prosperity Bancshares declared a quarterly dividend on Wednesday, January 17th. Shareholders of record on Friday, March 15th will be given a dividend of $0.56 per share on Monday, April 1st. This represents a $2.24 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for PB
.

Is Prosperity Bancshares a good dividend stock?

Prosperity Bancshares (NYSE:PB) pays an annual dividend of $2.24 per share and currently has a dividend yield of 3.57%. 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.

What is David Zalman's approval rating as Prosperity Bancshares' CEO?

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.

What other stocks do shareholders of Prosperity Bancshares own?
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. (10.34%), Vanguard Group Inc. (10.36%), Victory Capital Management Inc. (6.33%), Dimensional Fund Advisors LP (3.67%), Brown Advisory Inc. (2.70%) and Massachusetts Financial Services Co. MA (2.48%). Insiders that own company stock include George A Fisk, H E Timanus Jr, L Jack Lord and Robert H Steelhammer.
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.

This page (NYSE:PB) was last updated on 3/28/2024 by MarketBeat.com Staff

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