Prosperity Bancshares (PB) Earning Somewhat Favorable News Coverage, Accern Reports
Press coverage about Prosperity Bancshares (NYSE:PB) has trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Prosperity Bancshares earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.3708095747327 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- ETFs with exposure to Prosperity Bancshares, Inc. : December 1, 2017 (finance.yahoo.com)
- Prosperity Bancshares, Inc. :PB-US: Earnings Analysis: Q3, 2017 By the Numbers : November 30, 2017 (finance.yahoo.com)
- Prosperity Bancshares’ (PB) “Buy” Rating Reaffirmed at SunTrust Banks (americanbankingnews.com)
- Zacks: Brokerages Anticipate Prosperity Bancshares, Inc. (PB) Will Announce Earnings of $1.00 Per Share (americanbankingnews.com)
- Prosperity Bancshares, Inc. (PB) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
Shares of Prosperity Bancshares (NYSE:PB) traded down $0.21 on Friday, reaching $69.83. The company had a trading volume of 371,693 shares, compared to its average volume of 303,100. The firm has a market capitalization of $4,866.66, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 1.77 and a beta of 1.37. Prosperity Bancshares has a 52-week low of $55.84 and a 52-week high of $77.87.
Prosperity Bancshares (NYSE:PB) last announced its quarterly earnings results on Wednesday, October 25th. The bank reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. The firm had revenue of $184.96 million during the quarter, compared to the consensus estimate of $185.59 million. Prosperity Bancshares had a return on equity of 7.38% and a net margin of 34.79%. During the same period in the prior year, the company posted $0.99 earnings per share. equities analysts forecast that Prosperity Bancshares will post 3.95 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.06%. This is an increase from Prosperity Bancshares’s previous quarterly dividend of $0.34. The ex-dividend date is Thursday, December 14th. Prosperity Bancshares’s dividend payout ratio is 34.43%.
A number of equities analysts have recently commented on the company. ValuEngine raised Prosperity Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday. SunTrust Banks reissued a “buy” rating and set a $77.00 price objective on shares of Prosperity Bancshares in a research report on Wednesday. UBS downgraded Prosperity Bancshares to an “underperform” rating in a research report on Thursday, August 10th. Zacks Investment Research downgraded Prosperity Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Finally, Raymond James Financial reissued an “underperform” rating on shares of Prosperity Bancshares in a research report on Thursday, August 10th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $71.45.
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About Prosperity Bancshares
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.
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