Prosperity Bancshares, Inc. (PB)

NYSE: PB · IEX Real-Time Price · USD
60.36
-0.65 (-1.07%)
Apr 12, 2024, 4:00 PM EDT - Market closed
-1.07%
Market Cap 5.65B
Revenue (ttm) 1.09B
Net Income (ttm) 419.32M
Shares Out 93.53M
EPS (ttm) 4.51
PE Ratio 13.38
Forward PE 11.73
Dividend $2.24 (3.71%)
Ex-Dividend Date Mar 14, 2024
Volume 385,823
Open 60.27
Previous Close 61.01
Day's Range 60.03 - 61.01
52-Week Range 49.60 - 68.88
Beta 0.94
Analysts Buy
Price Target 69.08 (+14.45%)
Earnings Date Apr 24, 2024

About PB

Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts, as well as and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural, and non-real estate agricultural loans, as well as construction, land development, and other land loans; ... [Read more]

Sector Financials
IPO Date Nov 12, 1998
Employees 3,850
Stock Exchange NYSE
Ticker Symbol PB
Full Company Profile

Financial Performance

In 2023, PB's revenue was $1.09 billion, a decrease of -5.15% compared to the previous year's $1.15 billion. Earnings were $419.32 million, a decrease of -20.06%.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for PB stock is "Buy." The 12-month stock price forecast is $69.08, which is an increase of 14.45% from the latest price.

Price Target
$69.08
(14.45% upside)
Analyst Consensus: Buy
Stock Forecasts

News

PROSPERITY BANCSHARES, INC.® COMPLETES MERGER WITH LONE STAR STATE BANCSHARES, INC.

HOUSTON , April 1, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® ("Prosperity") (NYSE: PB), the parent company of Prosperity Bank®, today announced the completion of the merger of Lone Star State ...

12 days ago - PRNewsWire

PROSPERITY BANCSHARES, INC.® INVITES YOU TO JOIN ITS FIRST QUARTER 2024 EARNINGS CONFERENCE CALL

HOUSTON , March 27, 2024 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE: PB) First Quarter 2024 Earnings Announcement, scheduled before the market opens on Wednesday, April 24,...

17 days ago - PRNewsWire

PROSPERITY BANCSHARES RECEIVES REGULATORY APPROVALS FOR LONE STAR STATE BANCSHARES, INC. ACQUISITION

HOUSTON, March 19, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB), the parent company of Prosperity Bank®, today announced that it has received all regulatory approvals necessary to comp...

25 days ago - PRNewsWire

Cedar Realty Trust Announces Tax Information for 2023 Distributions

VIRGINIA BEACH, VA / ACCESSWIRE / January 24, 2024 / Cedar Realty Trust, Inc. (the "Company") (NYSE:CDRpB)(NYSE:CDRpC) today announced the federal income tax treatment of its 2023 distributions to the...

2 months ago - Accesswire

Prosperity Bancshares CEO David Zalman expects growth in the second half of 2024

Prosperity Bancshares CEO David Zalman joins 'The Exchange' to discuss loan activity, the health of the bank's balance sheet, and more.

2 months ago - CNBC Television

PROSPERITY BANCSHARES, INC.® REPORTS FOURTH QUARTER 2023 EARNINGS

Net income of $95.5 million and diluted earnings per share of $1.02 for fourth quarter 2023; excluding the FDIC special assessment of $19.9 million and merger related expenses, net income was $111.4 m...

2 months ago - PRNewsWire

PROSPERITY BANCSHARES, INC.® ANNOUNCES COMMON STOCK DIVIDEND

HOUSTON , Jan. 17, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.56 per share for the first ...

3 months ago - PRNewsWire

PROSPERITY BANCSHARES, INC.® ANNOUNCES STOCK REPURCHASE PROGRAM

HOUSTON , Jan. 16, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (the "Company") (NYSE: PB), the parent company of Prosperity Bank®, today announced that its Board of Directors authorized a stock ...

3 months ago - PRNewsWire

PROSPERITY BANCSHARES, INC.® INVITES YOU TO JOIN ITS FOURTH QUARTER 2023 EARNINGS CONFERENCE CALL

HOUSTON , Dec. 27, 2023 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE: PB) Fourth Quarter 2023 Earnings Announcement, scheduled before the market opens on Wednesday, January 2...

3 months ago - PRNewsWire

PROSPERITY BANCSHARES, INC.® INCREASES COMMON STOCK DIVIDEND

HOUSTON , Oct. 18, 2023 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.56 per share for the fourth...

6 months ago - PRNewsWire

PROSPERITY BANCSHARES, INC.® INVITES YOU TO JOIN ITS THIRD QUARTER 2023 EARNINGS CONFERENCE CALL

HOUSTON , Sept. 27, 2023 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE: PB) Third Quarter 2023 Earnings Announcement, scheduled before the market opens on Wednesday, October 2...

7 months ago - PRNewsWire

Regional banks facing credit losses for commercial real estate: Moody's study

A survey of commercial real estate exposure by U.S. regional banks reveals increasing asset risk and potential credit losses as loans mature over the next 18 months, Moody's Investors Service said.

7 months ago - Market Watch

Moody's downgrades string of smaller mid-sized banks

Moody's analysts issued downgrades on a string of small and mid-sized banks. Should investors be worried about a theme developing in the greater banking landscape?

8 months ago - Yahoo Finance

Quotes - U.S. bank stocks slide after Moody's ratings downgrade

U.S. bank shares slid on Tuesday after Moody's downgraded several small to mid-sized banks and said it may revise the credit ratings of some of the nation's biggest lenders, sparking concerns about th...

8 months ago - Reuters

Moody's cuts credit ratings for banks amid commercial real estate pressures

Moody's Investors Service lowered the ratings for 10 banks, including US Bancorp, Bank of New York Mellon, State Street, and Truist Financial.

8 months ago - New York Post

Moody's says US banks are still strong despite downgrades

Ratings agency Moody's said the U.S. banking sector is still strong even after it downgraded several small to mid-sized lenders and warned it might cut the ratings of several major banks.

8 months ago - Reuters

10 regional banks expected to buck a weak industry trend

Bank stocks took a pounding on Tuesday, after Moody's downgraded its credit ratings for several smaller regional banks and put six larger players on review for possible downgrades. Below is a screen o...

8 months ago - Market Watch

Moody's Downgrades Credit Ratings For 10 Banks, Puts Six Others On Notice

Ratings agency Moody's cut the credit ratings of several small and midsized banks late Monday and warned other big lenders, citing profitability challenges and funding risks.

Other symbols: BKCFRNTRSSTTTFCUSBASB
8 months ago - Investopedia

Factbox: Major US banks downgraded by Moody's on worsening outlook

Ratings agency Moody's on Monday downgraded several mid-sized U.S. banks, warning that the credit strength of lenders will likely be tested by funding risks and weaker profits.

8 months ago - Reuters

Moody's cuts ratings of 10 U.S. banks and puts some big names on downgrade watch

Moody's on Monday cut the credit ratings of a host of small and mid-sized U.S. banks and placed several Wall Street big names on negative review.

8 months ago - CNBC

Moody's downgrades 10 US banks, warns of possible cuts to others

Ratings agency Moody's downgraded the credit ratings of several U.S. banks on Monday and warned it was reviewing the status of some of the nation's biggest lenders.

Other symbols: BKBOKFMTBPNFPSTTTFCUSB
8 months ago - Reuters

PROSPERITY BANCSHARES, INC.® INVITES YOU TO JOIN ITS SECOND QUARTER 2023 EARNINGS CONFERENCE CALL

HOUSTON , June 28, 2023 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE: PB) Second Quarter 2023 Earnings Announcement, scheduled before the market opens on Wednesday, July 26, ...

10 months ago - PRNewsWire

Regional banks are great investments for a two- or three-year time-horizon, says Sandy Villere

Sandy Villere, partner and portfolio manager at Villere & Co., joins 'The Exchange' to discuss opportunities in regional banks and investing in money market accounts.

Other symbols: CFRKREPNFPWBS
11 months ago - CNBC Television

Bank woes are about confidence, not credit issues: Prosperity Bancshares CEO David Zalman

David Zalman, Prosperity Bancshares senior chairman and CEO, joins 'Squawk on the Street' to discuss how Zalman's navigated the regional bank turmoil, what needs to be done to instill further confiden...

1 year ago - CNBC Television

PROSPERITY BANCSHARES, INC.® COMPLETES MERGER WITH FIRST BANCSHARES OF TEXAS, INC.

HOUSTON , May 1, 2023 /PRNewswire/ -- Prosperity Bancshares, Inc.® ("Prosperity") (NYSE: PB), the parent company of Prosperity Bank®, today announced the completion of the merger of First Bancshares o...

1 year ago - PRNewsWire