News headlines about Prosperity Bancshares (NYSE:PB) have trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Prosperity Bancshares earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.833100733813 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several equities research analysts have recently commented on PB shares. Zacks Investment Research downgraded shares of Prosperity Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $73.00 target price on shares of Prosperity Bancshares in a research report on Tuesday, August 29th. Royal Bank of Canada reissued a “hold” rating and set a $71.00 target price on shares of Prosperity Bancshares in a research report on Friday, September 8th. SunTrust Banks reissued a “buy” rating and set a $73.00 target price on shares of Prosperity Bancshares in a research report on Monday, October 2nd. Finally, ValuEngine raised shares of Prosperity Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $71.45.
Shares of Prosperity Bancshares (NYSE PB) traded up $2.35 during mid-day trading on Friday, reaching $71.45. 2,377,100 shares of the company’s stock were exchanged, compared to its average volume of 472,225. Prosperity Bancshares has a twelve month low of $55.84 and a twelve month high of $77.87. The company has a market cap of $4,852.76, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 1.77 and a beta of 1.37.
Prosperity Bancshares (NYSE:PB) last issued its quarterly earnings data on Wednesday, October 25th. The bank reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.02. Prosperity Bancshares had a net margin of 34.79% and a return on equity of 7.38%. The business had revenue of $184.96 million during the quarter, compared to the consensus estimate of $185.59 million. During the same period in the prior year, the firm posted $0.99 EPS. equities research analysts expect that Prosperity Bancshares will post 3.95 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.02%. This is an increase from Prosperity Bancshares’s previous quarterly dividend of $0.34. The ex-dividend date is Thursday, December 14th. Prosperity Bancshares’s dividend payout ratio is presently 34.43%.
About Prosperity Bancshares
Prosperity Bancshares, Inc is a financial holding company, which operates through its bank subsidiary, Prosperity Bank (the Bank). The Bank provides a range of financial products and services to small and medium-sized businesses and consumers. The Company, through the Bank, offers a range of loan and deposit products to its customers.
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