News coverage about Prosperity Bancshares (NYSE:PB) has trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Prosperity Bancshares earned a news impact score of 0.17 on Accern’s scale. Accern also gave headlines about the bank an impact score of 46.2350102226587 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Prosperity Bancshares (NYSE PB) opened at 63.35 on Wednesday. The stock has a 50 day moving average price of $61.87 and a 200 day moving average price of $64.37. Prosperity Bancshares has a one year low of $52.81 and a one year high of $77.87. The company has a market capitalization of $4.40 billion, a PE ratio of 16.04 and a beta of 1.36.
Prosperity Bancshares (NYSE:PB) last issued its quarterly earnings results on Wednesday, July 26th. The bank reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.01). The firm had revenue of $180.01 million for the quarter, compared to analyst estimates of $187.13 million. Prosperity Bancshares had a return on equity of 7.49% and a net margin of 35.20%. During the same quarter last year, the firm earned $0.98 earnings per share. On average, equities research analysts predict that Prosperity Bancshares will post $3.94 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Thursday, September 14th. Prosperity Bancshares’s dividend payout ratio is currently 34.34%.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Prosperity Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. BidaskClub downgraded Prosperity Bancshares from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Prosperity Bancshares in a research report on Thursday, August 10th. UBS AG downgraded Prosperity Bancshares to an “underperform” rating in a research report on Thursday, August 10th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $73.50 target price on shares of Prosperity Bancshares in a research report on Friday, July 14th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. Prosperity Bancshares has a consensus rating of “Hold” and an average target price of $71.05.
In related news, Director Robert H. Steelhammer sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the sale, the director now owns 137,800 shares of the company’s stock, valued at $8,268,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.93% of the stock is currently owned by insiders.
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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