Prosperity Bancshares (PB) Given Daily Media Sentiment Rating of 0.20
Media coverage about Prosperity Bancshares (NYSE:PB) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Prosperity Bancshares earned a news impact score of 0.20 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 45.8259420829531 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern’s rankings:
- Prosperity Bancshares (PB) Scheduled to Post Quarterly Earnings on Tuesday (americanbankingnews.com)
- Prosperity Bancshares, Inc. (PB) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Prosperity Bancshares Reaches Analyst Target Price (nasdaq.com)
- Prosperity Bancshares (PB) Downgraded by ValuEngine (americanbankingnews.com)
Prosperity Bancshares (PB) traded up $0.39 on Wednesday, hitting $74.46. 405,327 shares of the company were exchanged, compared to its average volume of 484,145. Prosperity Bancshares has a 1-year low of $55.84 and a 1-year high of $77.87. The company has a market cap of $5,170.00, a PE ratio of 18.90, a P/E/G ratio of 1.60 and a beta of 1.37.
Prosperity Bancshares (NYSE:PB) last released its quarterly earnings data on Wednesday, October 25th. The bank reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. Prosperity Bancshares had a net margin of 34.79% and a return on equity of 7.38%. The business had revenue of $184.96 million during the quarter, compared to analysts’ expectations of $185.59 million. During the same quarter in the prior year, the company earned $0.99 EPS. research analysts anticipate that Prosperity Bancshares will post 3.95 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were given a $0.36 dividend. The ex-dividend date was Thursday, December 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.93%. This is a boost from Prosperity Bancshares’s previous quarterly dividend of $0.34. Prosperity Bancshares’s dividend payout ratio is currently 36.55%.
PB has been the subject of several recent research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $79.00 target price on shares of Prosperity Bancshares in a research report on Friday, December 22nd. ValuEngine cut shares of Prosperity Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. SunTrust Banks reiterated a “buy” rating and set a $77.00 target price on shares of Prosperity Bancshares in a research report on Wednesday, November 29th. Zacks Investment Research upgraded shares of Prosperity Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Barclays upped their target price on shares of Prosperity Bancshares from $72.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $73.27.
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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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