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Prosperity Bancshares Inc (PB)

NYSE
Currency in USD
81.93
-0.24(-0.29%)
Closed
After Hours
81.930.00(0.00%)
PB Scorecard
Full Analysis
Has raised its dividend for 17 consecutive years
Fair Value
Day's Range
81.5882.90
52 wk Range
57.1686.76
Key Statistics
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Prev. Close
82.17
Open
82.74
Day's Range
81.58-82.9
52 wk Range
57.16-86.76
Volume
291.87K
Average Volume (3m)
542.53K
1-Year Change
29.97%
Book Value / Share
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Fair Value
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Fair Value Upside
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Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
86.07
Upside
+5.05%
Members' Sentiments
Bearish
Bullish
ProTips
Suffers from weak gross profit margins
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Prosperity Bancshares Inc Company Profile

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; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; term loans and lines of credit; 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, mobile banking, trust and wealth management, retail brokerage, mortgage services, and treasury management, as well as debit and credit cards. The company was incorporated in 1983 and is headquartered in Houston, Texas.

Sector
Financial
Employees
3850

Prosperity Bancshares Inc SWOT Analysis


Margin Momentum
Prosperity Bancshares shows resilience with core EPS of $1.22 in Q2 2024, driven by expanding core margins and stable credit quality
Growth Hurdles
Delve into Prosperity's challenges, including stagnant organic loan growth, and how the Lone Star deal might address these concerns
Strategic Outlook
Explore management's optimistic view on continued margin expansion and strategies to leverage improving interest rate environments
Analyst Perspectives
Learn about mixed analyst views, with price targets ranging from $70 to $74, reflecting varied opinions on Prosperity's growth potential
Read full SWOT analysis
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Prosperity Bancshares Inc Earnings Call Summary for Q4/2024

  • Net income rose to $127 million in Q3 2024, up from $112 million in Q3 2023; dividend increased to $0.58 per share for Q4 2024
  • Net interest margin improved to 2.95%; loans totaled $22.3 billion and deposits reached $28 billion; non-performing assets low at $89.9 million
  • Targeting net interest margin of 3% by end of 2024, rising to 3.27% in 2025 and 3.65% in 2026, assuming stable interest rates
  • Open to strategic M&A expects non-interest expenses between $141-143 million for Q4 2024; deposit costs projected to decline
  • Loan production averaged $259 million; efficiency ratio improved to 46.9% from 51.8% in prior quarter
Last Updated: 24/10/2024, 07:26 am
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Compare PB to Peers and Sector

Metrics to compare
PB
Peers
Sector
Relationship
P/E Ratio
17.5x15.8x8.8x
PEG Ratio
−2.84−0.530.03
Price/Book
1.1x1.1x1.0x
Price / LTM Sales
6.8x3.8x2.8x
Upside (Analyst Target)
2.5%4.9%10.5%
Fair Value Upside
Unlock16.1%2.9%Unlock

Analysts' Recommendations

10 Buy
4 Hold
1 Sell
Ratings:
14 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 86.07

(+5.05% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 4.7
Dividend Yield
2.83%
Industry Median 4.56%
Annualised payout
2.3200
Paid quarterly
5-Years Growth
+6.43%
Growth Streak

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FAQ

What Is the Prosperity Bancshares (PB) Stock Price Today?

The Prosperity Bancshares stock price today is 81.93

What Stock Exchange Does Prosperity Bancshares Trade On?

Prosperity Bancshares is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Prosperity Bancshares?

The stock symbol for Prosperity Bancshares is "PB."

Does Prosperity Bancshares Pay Dividends? What’s The Current Dividend Yield?

The Prosperity Bancshares dividend yield is 2.83%.

What Is the Prosperity Bancshares Market Cap?

As of today, Prosperity Bancshares market cap is 7.81B.

What is Prosperity Bancshares Earnings Per Share?

The Prosperity Bancshares EPS is 4.70.

What Is the Next Prosperity Bancshares Earnings Date?

Prosperity Bancshares will release its next earnings report on 21 Jan 2025.

From a Technical Analysis Perspective, Is PB a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Neutral.
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