Prosperity Bancshares (PB) Scheduled to Post Quarterly Earnings on Tuesday
Prosperity Bancshares (NYSE:PB) will be issuing its quarterly earnings data before the market opens on Tuesday, January 23rd. Analysts expect the company to announce earnings of $1.00 per share for the quarter.
Prosperity Bancshares (NYSE:PB) last released its quarterly earnings data on Wednesday, October 25th. The bank reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.02. The business had revenue of $184.96 million for the quarter, compared to analyst estimates of $185.59 million. Prosperity Bancshares had a return on equity of 7.38% and a net margin of 34.79%. During the same period last year, the firm posted $0.99 earnings per share. On average, analysts expect Prosperity Bancshares to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of Prosperity Bancshares (NYSE PB) opened at $74.98 on Tuesday. The firm has a market capitalization of $5,210.00, a PE ratio of 19.03, a P/E/G ratio of 1.60 and a beta of 1.37. Prosperity Bancshares has a 12 month low of $55.84 and a 12 month high of $77.87.
PB has been the topic of several research analyst reports. Zacks Investment Research lowered Prosperity Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. SunTrust Banks reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Prosperity Bancshares in a research note on Monday, October 2nd. Barclays raised their price objective on Prosperity Bancshares from $72.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $79.00 price objective on shares of Prosperity Bancshares in a research note on Friday, December 22nd. Finally, ValuEngine raised Prosperity Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $73.27.
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Prosperity Bancshares Company Profile
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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