Research Analysts’ Weekly Ratings Changes for Prosperity Bancshares (PB)

Several brokerages have updated their recommendations and price targets on shares of Prosperity Bancshares (NYSE: PB) in the last few weeks:

  • 1/10/2018 – Prosperity Bancshares was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 1/9/2018 – Prosperity Bancshares had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $73.00 price target on the stock.
  • 1/2/2018 – Prosperity Bancshares had its price target raised by analysts at Barclays PLC from $72.00 to $79.00. They now have an “overweight” rating on the stock.
  • 1/2/2018 – Prosperity Bancshares was downgraded by analysts at Hovde Group from a “market perform” rating to an “underperform” rating. They now have a $68.00 price target on the stock, down previously from $70.00.
  • 12/29/2017 – Prosperity Bancshares was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $79.00 price target on the stock. According to Zacks, “Shares of Prosperity Bancshares have underperformed the industry in the last twelve months. Yet, the company surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. Growth in loan and deposit balances along with steady improvement in asset quality should support profitability. While, elevated operating expenses and pressure on net interest margin (despite improving rate scenario) remain major causes for concern, the company is expected to continue to enhance shareholder value through efficient capital deployment activities.”
  • 12/22/2017 – Prosperity Bancshares had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $79.00 price target on the stock.
  • 11/30/2017 – Prosperity Bancshares was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 11/29/2017 – Prosperity Bancshares had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $77.00 price target on the stock.

Prosperity Bancshares, Inc. (NYSE PB) opened at $75.65 on Monday. The stock has a market capitalization of $5,260.00, a P/E ratio of 19.20, a PEG ratio of 1.62 and a beta of 1.37. Prosperity Bancshares, Inc. has a twelve month low of $55.84 and a twelve month high of $77.87.

Prosperity Bancshares (NYSE:PB) last released its earnings results on Wednesday, October 25th. The bank reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ 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 quarter in the previous year, the company posted $0.99 earnings per share. research analysts anticipate that Prosperity Bancshares, Inc. will post 3.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were issued a $0.36 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.90%. This is a positive change from Prosperity Bancshares’s previous quarterly dividend of $0.34. Prosperity Bancshares’s payout ratio is presently 36.55%.

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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