Quite a few companies have modified their rankings and value targets on shares of Prosperity Bancshares (NYSE: PB) just lately:
- 9/27/2024 – Prosperity Bancshares had its value goal raised by analysts at Barclays PLC from $70.00 to $75.00. They now have an “equal weight” ranking on the inventory.
- 9/24/2024 – Prosperity Bancshares was upgraded by analysts at Wedbush from a “impartial” ranking to an “outperform” ranking. They now have a $90.00 value goal on the inventory, up beforehand from $75.00.
- 9/20/2024 – Prosperity Bancshares was downgraded by analysts at Truist Monetary Co. from a “purchase” ranking to a “maintain” ranking. They now have a $79.00 value goal on the inventory, down beforehand from $81.00.
- 9/17/2024 – Prosperity Bancshares was downgraded by analysts at Raymond James from a “strong-buy” ranking to an “outperform” ranking. They now have a $80.00 value goal on the inventory.
- 8/28/2024 – Prosperity Bancshares was downgraded by analysts at StockNews.com from a “maintain” ranking to a “promote” ranking.
- 8/26/2024 – Prosperity Bancshares had its value goal raised by analysts at Hovde Group from $80.50 to $82.50. They now have an “outperform” ranking on the inventory.
- 8/15/2024 – Prosperity Bancshares was upgraded by analysts at StockNews.com from a “promote” ranking to a “maintain” ranking.
- 8/7/2024 – Prosperity Bancshares was downgraded by analysts at StockNews.com from a “maintain” ranking to a “promote” ranking.
- 8/5/2024 – Prosperity Bancshares was upgraded by analysts at Morgan Stanley from an “equal weight” ranking to an “obese” ranking. They now have a $86.00 value goal on the inventory, up beforehand from $75.00.
Prosperity Bancshares Inventory Efficiency
PB inventory traded down $0.13 throughout noon buying and selling on Wednesday, hitting $70.04. 281,343 shares of the inventory have been exchanged, in comparison with its common quantity of 571,549. Prosperity Bancshares, Inc. has a fifty-two week low of $49.60 and a fifty-two week excessive of $74.87. The inventory has a market cap of $6.67 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.46 and a beta of 0.90. The inventory’s 50-day transferring common value is $71.75 and its 200-day transferring common value is $65.57.
Prosperity Bancshares (NYSE:PB – Get Free Report) final introduced its quarterly earnings information on Wednesday, July twenty fourth. The financial institution reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. The enterprise had income of $458.95 million in the course of the quarter, in comparison with the consensus estimate of $290.06 million. Prosperity Bancshares had a return on fairness of 6.32% and a internet margin of 25.10%. Throughout the identical quarter within the earlier 12 months, the enterprise earned $1.21 earnings per share. Analysis analysts anticipate that Prosperity Bancshares, Inc. will submit 5.05 EPS for the present 12 months.
Prosperity Bancshares Dividend Announcement
The agency additionally just lately disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of file on Friday, September thirteenth have been paid a dividend of $0.56 per share. The ex-dividend date was Friday, September thirteenth. This represents a $2.24 annualized dividend and a yield of three.20%. Prosperity Bancshares’s dividend payout ratio is at present 51.61%.
Institutional Traders Weigh In On Prosperity Bancshares
Quite a few giant traders have just lately added to or diminished their stakes in PB. GAMMA Investing LLC boosted its stake in Prosperity Bancshares by 59.6% in the course of the 2nd quarter. GAMMA Investing LLC now owns 474 shares of the financial institution’s inventory valued at $29,000 after buying a further 177 shares over the last quarter. Quarry LP boosted its stake in Prosperity Bancshares by 533.3% in the course of the 2nd quarter. Quarry LP now owns 494 shares of the financial institution’s inventory valued at $30,000 after buying a further 416 shares over the last quarter. Quest Companions LLC boosted its stake in Prosperity Bancshares by 3,147.1% in the course of the 2nd quarter. Quest Companions LLC now owns 552 shares of the financial institution’s inventory valued at $34,000 after buying a further 535 shares over the last quarter. Strategic Monetary Ideas LLC purchased a brand new place in Prosperity Bancshares in the course of the 2nd quarter valued at $43,000. Lastly, Headlands Applied sciences LLC purchased a brand new place in Prosperity Bancshares in the course of the 2nd quarter valued at $46,000. 80.69% of the inventory is owned by institutional traders and hedge funds.
Prosperity Bancshares, Inc operates as financial institution holding firm for the Prosperity Financial institution that gives monetary services and products to companies and shoppers. It accepts varied deposit merchandise, corresponding to demand, financial savings, cash market, and time accounts, in addition to and certificates of deposit. The corporate additionally gives 1-4 household residential mortgage, industrial actual property and multifamily residential, industrial and industrial, agricultural, and non-real property agricultural loans, in addition to development, land improvement, and different land loans; client loans, together with car, leisure car, boat, residence enchancment, private, and deposit account collateralized loans; time period loans and features of credit score; and client durables and residential fairness loans, in addition to loans for working capital, enterprise enlargement, and buy of kit and equipment.
Additional Studying
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