Headlines about Prosperity Bancshares (NYSE:PB) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news 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 positive one, with scores closest to one being the most favorable. Prosperity Bancshares earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 46.3012051258492 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of research firms recently commented on PB. ValuEngine raised Prosperity Bancshares from a “hold” rating to a “buy” rating in a research note on Saturday, May 12th. Zacks Investment Research cut Prosperity Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. FIG Partners reissued a “market-perform” rating on shares of Prosperity Bancshares in a research note on Monday, April 16th. Barclays reduced their target price on Prosperity Bancshares from $79.00 to $78.00 and set an “overweight” rating on the stock in a research note on Thursday, April 26th. Finally, DA Davidson reduced their target price on Prosperity Bancshares from $80.00 to $77.00 and set a “neutral” rating on the stock in a research note on Thursday, April 26th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $74.91.
Shares of Prosperity Bancshares opened at $73.78 on Friday, Marketbeat reports. Prosperity Bancshares has a 12-month low of $55.84 and a 12-month high of $79.20. The stock has a market cap of $5.20 billion, a PE ratio of 18.73, a P/E/G ratio of 1.61 and a beta of 1.34.
Prosperity Bancshares (NYSE:PB) last announced its quarterly earnings data on Wednesday, April 25th. The bank reported $1.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.07). Prosperity Bancshares had a net margin of 34.87% and a return on equity of 7.34%. The company had revenue of $181.16 million for the quarter, compared to the consensus estimate of $180.97 million. During the same period last year, the business posted $0.99 earnings per share. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. sell-side analysts anticipate that Prosperity Bancshares will post 4.63 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 15th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.95%. Prosperity Bancshares’s dividend payout ratio (DPR) is currently 36.55%.
In related news, Director Ned S. Holmes sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $74.46, for a total value of $3,723,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Randy Hester sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 27th. The stock was sold at an average price of $73.13, for a total value of $365,650.00. The disclosure for this sale can be found here. 5.05% of the stock is currently owned by company insiders.
About Prosperity Bancshares
Prosperity Bancshares, Inc operates as bank holding company for the Prosperity Bank that provides retail and commercial banking services to small and medium-sized businesses, and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts. The company also offers 1-4 family residential mortgage, commercial mortgage and multifamily residential, commercial and industrial, agricultural real estate, 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; and consumer durables and home equity loans.
Receive News & Ratings for Prosperity Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prosperity Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.