$1.00 EPS Expected for Prosperity Bancshares, Inc. (PB)

Claudine Rigal
Juillet 2, 2017

Wall Street await Prosperity Bancshares, Inc. This translates into $69.13M profit for PB giving the stock a 15.70 P/E. Equities analysts forecast that Prosperity Bancshares will post $4.05 earnings per share for the current fiscal year.

06/05/2017 - Prosperity Bancshares, Inc. was upgraded to "equal-weight" by analysts at Morgan Stanley. ValuEngine upgraded shares of Prosperity Bancshares from a "hold" rating to a "buy" rating in a report on Friday, June 2nd. Company insiders own 4.93% of the company's stock.

Prosperity Bancshares (NYSE:PB) last released its quarterly earnings results on Wednesday, April 26th. The bank reported $0.99 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.97 by $0.02. Prosperity Bancshares had a net margin of 35.04% and a return on equity of 7.58%. The business had revenue of $183.25 million during the quarter, compared to the consensus estimate of $185.03 million. During the same quarter a year ago, the business earned $0.98 earnings per share.

In analysts report shared with investors on Monday morning, Hovde Group kept their Market Perform rating on Prosperity Bancshares (NYSE:PB) shares. In analysts note revealed to clients on Monday, 26 June, Hovde Group restate their Market Perform rating on shares of PB. Prosperity Bancshares, Inc. (NYSE:PB) has risen 27.06% since June 27, 2016 and is uptrending. They noted that the move was a valuation call. BidaskClub upgraded shares of Prosperity Bancshares from a "sell" rating to a "hold" rating in a research report on Saturday, June 10th. Finally, Zacks Investment Research downgraded shares of Prosperity Bancshares from a "buy" rating to a "hold" rating in a research note on Monday, February 27th. Hovde Group's target suggests a potential upside of 8.38 % from the company's last price. RBC Capital Markets maintained Prosperity Bancshares, Inc. The shares were sold at an average price of $65.10, for a total transaction of $651,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Finally, State Street Corp boosted its stake in Prosperity Bancshares by 16.0% in the first quarter. Following the completion of the transaction, the director now owns 156,800 shares of the company's stock, valued at approximately $10,207,680.

Equities research analysts at DA Davidson dropped their Q2 2017 earnings per share estimates for shares of Prosperity Bancshares in a research note issued on Thursday. The company was reinitiated on Tuesday, October 11 by FBR Capital. AQR Capital Management LLC increased its stake in shares of Prosperity Bancshares by 86.1% in the fourth quarter. Quantbot Technologies LP purchased a new position in Prosperity Bancshares during the first quarter valued at approximately $154,000. The original version of this article can be read at https://www.themarketsdaily.com/2017/06/27/da-davidson-research-analysts-lower-earnings-estimates-for-prosperity-bancshares-inc-pb-updated.html. If you are accessing this article on another publication, it was copied illegally and republished in violation of global trademark and copyright law.

Shares of Prosperity Bancshares (PB) traded up 0.57% during trading on Thursday, reaching $63.14. 470,681 shares of the company were exchanged. They now have a United States dollars 65 price target on the stock. The company has market cap of $4.34 billion. Prosperity Bancshares, Inc. has a 52-week low of $44.87 and a 52-week high of $77.87.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Friday, June 16th will be given a dividend of $0.34 per share. The ex-dividend date is Wednesday, June 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.17%. Prosperity Bancshares's dividend payout ratio (DPR) is presently 34.43%.

Prosperity Bancshares, Inc is a financial holding company, which operates through its bank subsidiary, Prosperity Bank (the Bank).

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