Prosperity Bancshares, Inc. Com (NYSE:PB):
Prosperity Bancshares, Inc.Â® Invites You To Join Its Third Quarter 2016 Earnings Conference Call On The Web.
The company is now up by 1.48 percent from yesterday’s close.
Additionally Prosperity Bancshares, Inc. Com recently declared a dividend that will be paid on Monday October 3rd, 2016. The dividend payment will be $0.300 per share for the quarter or $1.20 on an annualized basis. This dividend amount will represent a yeild of $2.21. The ex-dividend date will be on Wednesday September 14th, 2016.
Shares last traded at $53.66 which is slightly below the 50 day moving average which is $53.88 and a bit higher than the 200 day moving average of $51.05. The 50 day moving average was down $-0.22 or -0.42% whereas the 200 day moving average was up $2.61 or +5.12%.
The P/E ratio is 13.52 and the market cap is 3.73B. As of the latest earnings report the EPS was $3.97 and is estimated to be $3.94 for the current year with 69,479,000 shares outstanding. Next quarter’s EPS is forecasted at $0.99 and the next full year EPS is projected to be $4.03.
Brokerage analysts have provided guidance on the stock. On June 29 the company was upgraded to “Outperform” from “” by Hovde Group. On June 9 the stock rating was upgraded from “” to “Neutral” and a price target of $50.00 was set by analysts at Evercore ISI Group.
On June 7, 2016 Compass Point started coverage with an initial rating of “Neutral” and a price target of $50.00. On May 9 the stock rating was upgraded to “Outperform” from “Underperform” in an announcement from Raymond James.
On January 28, 2016 the stock rating was set at “Outperform” by Keefe Bruyette & Woods which was a boost from the previous “” rating. On January 28 Macquarie kept the company rating at “Neutral” and lowered the price target from $51.00 to $48.00.