Prosperity Bancshares, Inc. Com (NYSE:PB):
Prosperity Bancshares, Inc.Â® Reports Third Quarter 2016 Earnings.
The company is down since yesterday’s close of $55.68.
Prosperity Bancshares, Inc. Com also recently announced a dividend that was paid on Monday the 3rd of October 2016. The dividend payment was $0.340 per share for the quarter which is $1.36 annualized. This dividend amount was represent a yeild of $2.11. The ex-dividend date was set for Wednesday the 14th of September 2016.
It is trading at $55.50 just a bit higher than the 50 day moving average which is $54.63 and a tad higher than the 200 day moving average of $52.51. The 50 day moving average was up $0.87 or +1.59% and the 200 day average went up $2.99 or +5.70%.
Prosperity Bancshares, Inc. Com currently has a P/E ratio of 14.05 and market capitalization is 3.85B. In the last earnings report the EPS was $3.95 and is projected to be $3.93 for the current year with 69,344,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.96 and the next full year EPS is projected to be $3.99.
Several analysts have provided guidance on PB. On October 27 the company was set at “Neutral” in a report from DA Davidson down from the previous “Buy” rating. 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 raising the rating from “Market Perform” to “Hold”.
On October 11 the company was upgraded from “Market Perform” to “Hold” with a current price target of $59.00 in an announcement from FBR Capital. initiated coverage on the stock by announcing an initial rating of “Neutral” and projecting a price target of $54.00.
Equity analyst Wedbush added PB to its research portfolio with an initial rating of “Neutral” and a price target of $54.00. On June 29, 2016 the stock rating was changed to a “Outperform” by Hovde Group which was a boost from the previous “” rating.