Prosperity Bancshares
PB
Market cap $7.8B

81.83 USD

-0.58

0.70%

At close Nov 19, 4:00 PM EST

After hours

81.83

+0.00

0.00%

1 day

-0.70%

5 days

-1.73%

1 month

14.70%

3 months

13.78%

6 months

27.98%

Year to date

19.74%

1 year

37.00%

5 years

18.89%

10 years

38.81%

About: Prosperity Bancshares Inc provides retail and commercial banking services to individuals and small to midsize businesses. It provides a wide array of financial products and services to businesses and consumers throughout Texas and Oklahoma.

Employees: 3,850

Financials State Commercial Banks

0

Funds holding %

of 6,735 funds

0

Analysts bullish %

of 8 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

1,310% more call options, than puts

Call options by funds: $5.08M | Put options by funds: $360K

49% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 37

13% more capital invested

Capital invested by funds: $4.89B [Q2] → $5.55B (+$654M) [Q3]

5% more funds holding

Funds holding: 331 [Q2] → 349 (+18) [Q3]

7% more repeat investments, than reductions

Existing positions increased: 121 | Existing positions reduced: 113

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

2.66% less ownership

Funds ownership: 83.48% [Q2] → 80.82% (-2.66%) [Q3]

See Fund Rankings

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$75

8%

downside

Avg. target

$81

1%

downside

High target

$90

10%

upside

8 analyst ratings

3 positive

38%

5 neutral

63%

0 negative

0%

RBC Capital Jon Arfstrom 100% 1-year accuracy 39 / 39 met price target	6%downside $77	Sector Perform Reiterated	24 Oct 2024
Wedbush David Chiaverini 88% 1-year accuracy 29 / 33 met price target	10%upside $90	Outperform Reiterated	24 Oct 2024
Barclays Jared Shaw 63% 1-year accuracy 24 / 38 met price target	7%downside $76	Equal-Weight Maintained	24 Oct 2024
DA Davidson Peter Winter 93% 1-year accuracy 13 / 14 met price target	5%downside $78	Neutral Downgraded	15 Oct 2024
Barclays Jared Shaw 63% 1-year accuracy 24 / 38 met price target	8%downside $75	Equal-Weight Maintained	27 Sept 2024

See Analyst Rankings

Financial journalist opinion

Based on 7 articles about PB published over the past 30 days

Zacks Investment Research

Prosperity Bancshares Q3 Earnings Beat on Higher NII, Stock Up 1%

PB's third-quarter 2024 results beat estimates on higher NII, higher loans, and deposits. Yet, higher costs and lower adjusted non-interest income are woes.

Prosperity Bancshares Q3 Earnings Beat on Higher NII, Stock Up 1%

Prosperity Bancshares, Inc. (PB) Q3 2024 Earnings Call Transcript

Prosperity Bancshares, Inc. (NYSE:PB ) Q3 2024 Earnings Conference Call October 23, 2024 11:30 AM ET Company Participants Charlotte Rasche - Executive Vice President and General Counsel David Zalman - Senior Chairman and Chief Executive Officer Tim Timanus - Chairman Asylbek Osmonov - Chief Financial Officer Edward Safady - Vice Chairman Kevin Hanigan - President and Chief Operating Officer Randy Hester - Chief Lending Officer Mays Davenport - Director of Corporate Strategy Bob Dowdell - Executive Vice President Conference Call Participants Manan Gosalia - Morgan Stanley Catherine Mealor - KBW Ebrahim Poonawala - Bank of America Matt Oney - Stevens Peter Winter - D.A. Davidson Operator Good morning, and welcome to the Prosperity Bancshares' Third Quarter 2024 Earnings Conference Call.

Prosperity Bancshares, Inc. (PB) Q3 2024 Earnings Call Transcript

Zacks Investment Research

Prosperity Bancshares (PB) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

While the top- and bottom-line numbers for Prosperity Bancshares (PB) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Prosperity Bancshares (PB) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Zacks Investment Research

Prosperity Bancshares (PB) Surpasses Q3 Earnings and Revenue Estimates

Prosperity Bancshares (PB) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $1.20 per share a year ago.

Prosperity Bancshares (PB) Surpasses Q3 Earnings and Revenue Estimates

PROSPERITY BANCSHARES, INC.® REPORTS THIRD QUARTER 2024 EARNINGS

Board approved increase in dividend of 3.57% to $0.58 for fourth quarter 2024, representing the 21st consecutive annual increase, with a compound annual growth rate of 11.1% Net income of $127.3 million and diluted earnings per share of $1.34 for third quarter 2024 Net interest margin increased 23 basis points to 2.95% compared to third quarter 2023 Deposits increased $154.5 million and loans increased $60.0 million during third quarter 2024 Noninterest-bearing deposits of $9.8 billion, representing 34.9% of total deposits Allowance for credit losses on loans and on off-balance sheet credit exposure of $392.0 million and allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program, of 1.68%(1) Nonperforming assets remain low at 0.25% of third quarter average interest-earning assets Return (annualized) on third quarter average assets of 1.28%, average common equity of 6.93% and average tangible common equity of 13.50%(1) HOUSTON , Oct. 23, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB), the parent company of Prosperity Bank® (collectively, "Prosperity"), reported net income of $127.3 million for the quarter ended September 30, 2024 compared with $112.2 million for the same period in 2023. Net income per diluted common share was $1.34 for the quarter ended September 30, 2024 compared with $1.20 for the same period in 2023.

PROSPERITY BANCSHARES, INC.® REPORTS THIRD QUARTER 2024 EARNINGS

Zacks Investment Research

Buy These 4 Stocks With Recent Dividend Hikes, Strong Upside

South Plains Financial (SPFI), Prosperity Bancshares (PB), Penske Automotive Group (PAG) and Bank First (BFC) recently announced dividend hikes.

Buy These 4 Stocks With Recent Dividend Hikes, Strong Upside

Zacks Investment Research

Countdown to Prosperity Bancshares (PB) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS

Get a deeper insight into the potential performance of Prosperity Bancshares (PB) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Countdown to Prosperity Bancshares (PB) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS

PROSPERITY BANCSHARES, INC.® INCREASES COMMON STOCK DIVIDEND

HOUSTON , Oct. 16, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.58 per share for the fourth quarter of 2024, payable January 2, 2025, to shareholders of record as of December 13, 2024. The fourth quarter dividend represents an increase of $0.02 per share, or 3.57%, from the prior quarter.

PROSPERITY BANCSHARES, INC.® INCREASES COMMON STOCK DIVIDEND

Zacks Investment Research

Prosperity Bancshares (PB) Reports Next Week: Wall Street Expects Earnings Growth

Prosperity Bancshares (PB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Prosperity Bancshares (PB) Reports Next Week: Wall Street Expects Earnings Growth

Zacks Investment Research

Are You Looking for a High-Growth Dividend Stock?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Prosperity Bancshares (PB) have what it takes?

Are You Looking for a High-Growth Dividend Stock?

See News Rankings

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