Media headlines about Prosperity Bancshares (NYSE:PB) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Prosperity Bancshares earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 46.5778555733103 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of PB stock opened at $70.03 on Tuesday. Prosperity Bancshares has a 1 year low of $55.84 and a 1 year high of $79.20. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.52 and a beta of 1.31.
Prosperity Bancshares (NYSE:PB) last announced its quarterly earnings data on Wednesday, April 25th. The bank reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). Prosperity Bancshares had a net margin of 34.87% and a return on equity of 7.34%. The firm had revenue of $181.16 million during the quarter, compared to the consensus estimate of $180.97 million. During the same period last year, the business earned $0.99 EPS. The business’s revenue was down 1.1% on a year-over-year basis. equities research analysts anticipate that Prosperity Bancshares will post 4.63 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 15th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, June 14th. Prosperity Bancshares’s dividend payout ratio (DPR) is presently 36.55%.
PB has been the topic of a number of research analyst reports. Deutsche Bank raised their price objective on shares of Prosperity Bancshares from $75.00 to $76.00 and gave the stock a “hold” rating in a report on Friday, May 4th. DA Davidson lowered their price target on shares of Prosperity Bancshares to $70.00 and set a “neutral” rating on the stock in a research note on Monday, June 18th. Zacks Investment Research upgraded shares of Prosperity Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, April 11th. ValuEngine lowered shares of Prosperity Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Barclays lowered their price target on shares of Prosperity Bancshares from $79.00 to $78.00 and set an “overweight” rating on the stock in a research note on Thursday, April 26th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $75.20.
In other news, insider Randy Hester sold 5,000 shares of Prosperity Bancshares stock in a transaction dated Friday, April 27th. The shares were sold at an average price of $73.13, for a total value of $365,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ned S. Holmes sold 50,000 shares of Prosperity Bancshares stock in a transaction dated Tuesday, May 8th. The shares were sold at an average price of $74.46, for a total transaction of $3,723,000.00. The disclosure for this sale can be found here. Company insiders own 5.05% of the company’s stock.
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.
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