Allspring World Investments Holdings LLC lifted its place in Prosperity Bancshares, Inc. (NYSE:PB – Free Report) by 52.6% within the second quarter, in line with its most up-to-date Type 13F submitting with the Securities and Alternate Fee. The agency owned 223,612 shares of the financial institution’s inventory after buying a further 77,039 shares throughout the quarter. Allspring World Investments Holdings LLC’s holdings in Prosperity Bancshares had been price $13,672,000 on the finish of the latest reporting interval.
A number of different hedge funds and different institutional traders have additionally not too long ago purchased and bought shares of PB. GAMMA Investing LLC grew its stake in shares of Prosperity Bancshares by 59.6% within the second quarter. GAMMA Investing LLC now owns 474 shares of the financial institution’s inventory valued at $29,000 after shopping for a further 177 shares within the final quarter. Albert D Mason Inc. grew its place in Prosperity Bancshares by 1.3% within the 1st quarter. Albert D Mason Inc. now owns 19,398 shares of the financial institution’s inventory valued at $1,276,000 after buying a further 252 shares within the final quarter. Quadrant Capital Group LLC elevated its stake in Prosperity Bancshares by 31.8% throughout the fourth quarter. Quadrant Capital Group LLC now owns 1,118 shares of the financial institution’s inventory price $76,000 after buying a further 270 shares throughout the interval. New York State Academics Retirement System lifted its place in shares of Prosperity Bancshares by 0.3% throughout the first quarter. New York State Academics Retirement System now owns 117,516 shares of the financial institution’s inventory price $7,730,000 after buying a further 300 shares within the final quarter. Lastly, Retirement Programs of Alabama boosted its stake in shares of Prosperity Bancshares by 0.3% within the first quarter. Retirement Programs of Alabama now owns 117,692 shares of the financial institution’s inventory valued at $7,742,000 after buying a further 319 shares throughout the interval. 80.69% of the inventory is at present owned by institutional traders and hedge funds.
Analyst Scores Adjustments
A number of brokerages not too long ago weighed in on PB. Hovde Group upped their goal value on shares of Prosperity Bancshares from $80.50 to $82.50 and gave the inventory an “outperform” score in a analysis notice on Monday. Morgan Stanley raised Prosperity Bancshares from an “equal weight” score to an “chubby” score and upped their value goal for the inventory from $75.00 to $86.00 in a analysis report on Monday, August fifth. StockNews.com lowered Prosperity Bancshares from a “maintain” score to a “promote” score in a report on Wednesday. DA Davidson upped their value goal on Prosperity Bancshares from $78.00 to $82.00 and gave the inventory a “purchase” score in a report on Thursday, July twenty fifth. Lastly, Royal Financial institution of Canada lifted their value goal on Prosperity Bancshares from $70.00 to $74.00 and gave the corporate a “sector carry out” score in a analysis notice on Thursday, July twenty fifth. One analyst has rated the inventory with a promote score, three have given a maintain score, 9 have issued a purchase score and one has given a robust purchase score to the corporate. Based on knowledge from MarketBeat.com, the corporate has a consensus score of “Average Purchase” and a mean goal value of $76.04.
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Prosperity Bancshares Buying and selling Down 0.5 %
Shares of Prosperity Bancshares inventory opened at $72.98 on Friday. The corporate has a fifty day easy transferring common of $67.42 and a 200-day easy transferring common of $64.02. The inventory has a market cap of $7.00 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 1.46 and a beta of 0.91. Prosperity Bancshares, Inc. has a 12-month low of $49.60 and a 12-month excessive of $74.67.
Prosperity Bancshares (NYSE:PB – Get Free Report) final introduced its quarterly earnings outcomes on Wednesday, July twenty fourth. The financial institution reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. The agency had income of $458.95 million throughout the quarter, in comparison with analysts’ expectations of $290.06 million. Prosperity Bancshares had a internet margin of 25.10% and a return on fairness of 6.32%. Throughout the identical interval within the earlier 12 months, the corporate earned $1.21 earnings per share. On common, analysts forecast that Prosperity Bancshares, Inc. will put up 5.07 earnings per share for the present fiscal 12 months.
Prosperity Bancshares Dividend Announcement
The corporate additionally not too long ago introduced a quarterly dividend, which will probably be paid on Tuesday, October 1st. Buyers of file on Friday, September thirteenth will probably be given a $0.56 dividend. The ex-dividend date is Friday, September thirteenth. This represents a $2.24 dividend on an annualized foundation and a dividend yield of three.07%. Prosperity Bancshares’s dividend payout ratio (DPR) is presently 51.61%.
Prosperity Bancshares Profile
Prosperity Bancshares, Inc operates as financial institution holding firm for the Prosperity Financial institution that gives monetary services to companies and customers. It accepts numerous deposit merchandise, equivalent to demand, financial savings, cash market, and time accounts, in addition to and certificates of deposit. The corporate additionally affords 1-4 household residential mortgage, industrial actual property and multifamily residential, industrial and industrial, agricultural, and non-real property agricultural loans, in addition to building, land improvement, and different land loans; shopper loans, together with car, leisure car, boat, dwelling enchancment, private, and deposit account collateralized loans; time period loans and contours of credit score; and shopper durables and residential fairness loans, in addition to loans for working capital, enterprise enlargement, and buy of kit and equipment.
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