Prosperity Bancshares Director Robert H. Steelhammer Unloads 2,400 Shares (PB)
Prosperity Bancshares (NYSE:PB) Director Robert H. Steelhammer sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $59.65, for a total transaction of $143,160.00. Following the completion of the transaction, the director now directly owns 252,700 shares in the company, valued at approximately $15,073,555. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Prosperity Bancshares (NYSE:PB) traded up 1.49% during mid-day trading on Monday, hitting $61.24. 249,072 shares of the company’s stock traded hands. Prosperity Bancshares has a 1-year low of $48.41 and a 1-year high of $67.68. The stock has a 50-day moving average of $58.87 and a 200-day moving average of $62.18. The company has a market cap of $4.270 billion and a price-to-earnings ratio of 15.87.
Prosperity Bancshares (NYSE:PB) last released its earnings data on Wednesday, April 23rd. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.02. During the same quarter in the previous year, the company posted $0.86 earnings per share. On average, analysts predict that Prosperity Bancshares will post $4.17 earnings per share for the current fiscal year.
A number of research firms have recently commented on PB. Analysts at SunTrust cut their price target on shares of Prosperity Bancshares from $77.00 to $70.00 in a research note on Friday, May 9th. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Prosperity Bancshares in a research note on Wednesday, April 30th. They now have a $66.00 price target on the stock, down previously from $68.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Prosperity Bancshares in a research note on Friday, March 28th. They now have a $68.00 price target on the stock. Twelve analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $64.60.
Prosperity Bancshares, Inc, incorporated on December 22, 1983, is a financial holding company. The Company operates through its bank subsidiary, Prosperity Bank (NYSE:PB).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.