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Prosperity Bancshares, Inc. (PB)

Stock Price: $58.43 USD 0.65 (1.12%)
Updated Aug 10, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 5.41B
Revenue (ttm) 1.01B
Net Income (ttm) 429.64M
Shares Out 92.66M
EPS (ttm) 5.03
PE Ratio 11.62
Forward PE 11.09
Dividend $1.84
Dividend Yield 3.15%

Stock Quote

Trading Day Aug 10, 2020
Last Price $58.43
Previous Close $57.78
Change ($) 0.65
Change (%) 1.12%
Day's Open 58.25
Day's Range 57.96 - 59.59
Day's Volume 193,647
52-Week Range 42.02 - 75.22

More Stats

Market Cap 5.41B
Enterprise Value 5.67B
Earnings Date (est) Oct 21, 2020
Ex-Dividend Date Jun 12, 2020
Shares Outstanding 92.66M
Float 88.65M
EPS (basic) 4.96
EPS (diluted) 5.03
FCF / Share 6.70
Dividend $1.84
Dividend Yield 3.15%
Earnings Yield 8.61%
FCF Yield 11.46%
Payout Ratio 36.10%
Shares Short 3.08M
Short Ratio 5.17
Short % of Float 3.47%
Beta 1.42
PE Ratio 11.62
Forward PE 11.09
P/FCF Ratio 8.73
PS Ratio 5.34
PB Ratio 0.88
Revenue 1.01B
Operating Income 518.19M
Net Income 429.64M
Free Cash Flow 620.38M
Net Cash -260.39M
Net Cash / Share -2.81
Gross Margin 80.41%
Operating Margin 51.08%
Profit Margin 42.40%
FCF Margin 61.15%
ROA 1.55%
ROE 8.53%
ROIC 1.90%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (13)

Buy 4
Overweight 1
Hold 8
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$68.46*
(17.17% upside)
Low
63.0
Current: $58.43
High
80.0
Target: 68.46
*Average 12-month price target from 13 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue816729719727744774577450378358
Revenue Growth11.86%1.4%-1.08%-2.24%-3.87%34.09%28.18%19.24%5.33%-
Gross Profit816729719727744774577450378358
Operating Income419403406409430446330252214192
Net Income333322272274287297221168142128
Shares Outstanding68.4069.8469.4869.4870.0369.7765.9556.4346.8946.66
Earnings Per Share4.524.613.923.944.094.323.653.233.012.73
EPS Growth-1.95%17.6%-0.51%-3.67%-5.32%18.36%13%7.31%10.26%-
Dividend Per Share1.691.491.381.241.120.990.890.820.740.65
Dividend Growth13.42%7.97%11.29%10.81%12.69%11.57%9.2%10.88%13.95%-
Operating Cash Flow403320391334311348308210218178
Capital Expenditures-13.27-2.07-1.108.613.6816.69-11.654.414.7221.49
Free Cash Flow390318390343314365296214223199
Cash & Equivalents574411392437564678381326213159
Total Debt1,8071,3168291,311807492499796153527
Net Cash / Debt-1,233-905-437-874-243186-118-47060.71-368
Assets32,18622,69322,58722,33122,03721,50818,64214,5849,8239,477
Liabilities26,21518,64118,76318,68918,57418,26315,85512,4948,2558,024
Book Value5,9714,0533,8243,6423,4633,2452,7872,0891,5671,452
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Prosperity Bancshares, Inc.
Country United States
Employees 3,793
CEO David E. Zalman

Stock Information

Ticker Symbol PB
Stock Exchange New York Stock Exchange
Sector Financial Services
Industry Banks—Regional
Unique Identifier NYSE: PB
IPO Date November 12, 1998

Description

Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides retail and commercial banking services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, time accounts; and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural real estate, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and purchase of equipment and machinery. In addition, it provides Internet banking and other cash management, mobile banking, trust and wealth management, retail brokerage, mortgage banking, and automated telephone banking services, as well as debit and credit cards. As of December 31, 2019, the Bank operated 285 full-service banking locations comprising 65 in the Houston area, including The Woodlands; 30 in the South Texas area including Corpus Christi and Victoria; 33 in the Dallas/Fort Worth, Texas area; 22 in the East Texas area; 29 in the Central Texas area, including Austin and San Antonio; 34 in the West Texas area, including Lubbock, Midland-Odessa and Abilene; 16 in the Bryan/College Station area; 6 in the Central Oklahoma area; 8 in the Tulsa, Oklahoma area; and 42 in the Dallas/Fort Worth area doing business as LegacyTexas Bank. Prosperity Bancshares, Inc. was founded in 1983 and is based in Houston, Texas.