Headlines about Prosperity Bancshares (NYSE:PB) have trended positive this week, Alpha One Sentiment reports. The research firm, a subsidiary of Accern, identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Prosperity Bancshares earned a news sentiment score of 0.48 on Alpha One’s scale. Alpha One also assigned press coverage about the bank an impact score of 50 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the stock’s share price in the near future.
These are some of the news stories that may have effected Alpha One Sentiment’s scoring:
PB has been the subject of a number of recent research reports. Hovde Group cut Prosperity Bancshares to a “market perform” rating in a report on Monday, February 27th. Zacks Investment Research upgraded Prosperity Bancshares from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a report on Tuesday, January 17th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Prosperity Bancshares in a report on Thursday, April 6th. FBR & Co lifted their target price on Prosperity Bancshares from $73.00 to $75.00 and gave the stock a “mkt perform” rating in a report on Thursday, January 26th. Finally, Keefe, Bruyette & Woods cut Prosperity Bancshares from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $81.00 to $76.00 in a report on Thursday, April 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $64.22.
Prosperity Bancshares (NYSE:PB) traded down 0.10% during trading on Friday, reaching $66.74. The company had a trading volume of 325,389 shares. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 16.92 and a beta of 1.30. The company’s 50-day moving average is $68.08 and its 200 day moving average is $68.55. Prosperity Bancshares has a 52 week low of $44.87 and a 52 week high of $77.87.
Prosperity Bancshares (NYSE:PB) last announced its quarterly earnings results on Wednesday, April 26th. The bank reported $0.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.02. The business had revenue of $183.25 million for the quarter, compared to analyst estimates of $185.03 million. Prosperity Bancshares had a return on equity of 7.69% and a net margin of 34.56%. The company’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 EPS. Equities analysts anticipate that Prosperity Bancshares will post $4.06 EPS for the current year.
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 paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, June 14th. Prosperity Bancshares’s payout ratio is currently 34.52%.
Prosperity Bancshares Company Profile
Prosperity Bancshares, Inc is a financial holding company, which operates through its bank subsidiary, Prosperity Bank (the Bank). The Bank provides a range of financial products and services to small and medium-sized businesses and consumers. The Company, through the Bank, offers a range of loan and deposit products to its customers.