Prosperity Bancshares, Inc. Com (NYSE:PB):
Prosperity Bancshares, Inc.Â® Releases Results Of 2016 Dodd-Frank Act Stress Test.
The company is trading down by -0.32% since yesterday’s close of $55.68.
Prosperity Bancshares, Inc. Com also recently declared a dividend which was paid on Monday the 3rd of October 2016. The dividend payment was $0.340 per share for the quarter which comes to $1.36 on an annualized basis. This dividend amount was represent a yeild of $2.11. The ex-dividend date was set for Wednesday the 14th of September 2016.
Shares of the company are trading at $55.50 which is marginally higher than $54.63, the 50 day moving average and which is slightly above the 200 day moving average of $52.51. The 50 day moving average went up $0.87 or +1.59% whereas the 200 day moving average was up $2.99 or +5.70%.
Prosperity Bancshares, Inc. Com currently has a P/E ratio of 14.05 and the market cap is 3.85B. As of the last earnings report the EPS was $3.95 and is expected to be $3.93 for the current year with 69,344,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.96 and the next full year EPS is projected to be $3.99.
Ratings firms have released ratings on the stock recently. On October 27, 2016 the stock rating was changed to a “Neutral” by DA Davidson which is down from the previous “Buy” rating. On October 11 the company was upgraded from “Market Perform” to “Hold” and a price target of $59.00 was set in a statement from FBR Capital.
Equity analyst FBR Capital upgraded the stock and raised the price target on October 11 boosting the price target from $48.00 to $59.00 and changing the rating from “Market Perform” to “Hold”. On October 7 analysts at released its first research report on the stock giving it an initial rating of “Neutral” and a price target of $54.00.
Wedbush initiated coverage on the stock with an initial rating of “Neutral” and setting a price target of $54.00. On June 29 the company was rated “Outperform” in a report from Hovde Group up from the previous “” rating.