Prosperity Bancshares (NYSE:PB) declared a quarterly dividend on Tuesday, March 5th. Stockholders of record on Friday, March 15th will be given a dividend of $0.22 per share on Monday, April 1st. This represents a $0.86 dividend on an annualized basis and a yield of 1.86%.
A number of research firms have also recently commented on PB. Analysts at Zacks reiterated a “neutral” rating on shares of Prosperity Bancshares in a research note to investors on Thursday, January 10th. They now have a $46.00 price target on the stock. On a related note, analysts at Robert W. Baird reiterated an “outperform” rating on shares of Prosperity Bancshares in a research note to investors on Thursday, December 20th. They now have a $45.00 price target on the stock, down previously from $50.00. Finally, analysts at Robert W. Baird reiterated an “outperform” rating on shares of Prosperity Bancshares in a research note to investors on Wednesday, December 12th. They now have a $45.00 price target on the stock, down previously from $50.00.
One equities research analyst has rated the stock with a buy rating, one has assigned an overweight rating, fourteen have given a hold rating, and one has issued an underweight rating to the company. The stock has an average rating of “hold” and an average price target of $41.32.
Shares of Prosperity Bancshares (PB) traded up 0.72% during mid-day trading on Tuesday, hitting $46.46. Prosperity Bancshares (PB) has a one year low of $38.56 and a one year high of $47.66. The stock’s 50-day moving average is currently $45.62. The company has a market cap of $2.622 billion and a P/E ratio of 14.28.
Prosperity Bancshares last posted its quarterly earnings results on Friday, January 25th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. During the same quarter last year, the company posted $0.77 earnings per share. On average, analysts predict that Prosperity Bancshares (PB) will post $3.47 earnings per share for the current fiscal year.
Prosperity Bancshares, Inc. is a financial holding company. The Company operates through its bank subsidiary, Prosperity Bank (the Bank).
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