Prosperity Bancshares (PB) Given Media Sentiment Rating of 0.18
Media stories about Prosperity Bancshares (NYSE:PB) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Prosperity Bancshares earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 47.084320500606 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Prosperity Bancshares (NYSE:PB) traded up $0.25 during trading on Monday, reaching $65.63. 197,900 shares of the company’s stock traded hands, compared to its average volume of 471,752. The stock has a market capitalization of $4,542.87, a PE ratio of 16.55, a PEG ratio of 1.65 and a beta of 1.36. Prosperity Bancshares has a twelve month low of $55.84 and a twelve month high of $77.87.
Prosperity Bancshares (NYSE:PB) last issued its earnings results on Wednesday, October 25th. The bank reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.02. The business had revenue of $184.96 million during the quarter, compared to analysts’ expectations of $185.59 million. Prosperity Bancshares had a net margin of 34.79% and a return on equity of 7.38%. During the same period in the previous year, the company earned $0.99 earnings per share. analysts predict that Prosperity Bancshares will post 3.95 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be paid a $0.36 dividend. The ex-dividend date is Thursday, December 14th. This is a positive change from Prosperity Bancshares’s previous quarterly dividend of $0.34. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.19%. Prosperity Bancshares’s payout ratio is currently 34.43%.
A number of research analysts recently issued reports on the stock. ValuEngine cut shares of Prosperity Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Zacks Investment Research raised shares of Prosperity Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $73.00 price target on shares of Prosperity Bancshares in a research report on Tuesday, August 29th. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Prosperity Bancshares in a research report on Thursday, August 10th. Finally, UBS AG cut shares of Prosperity Bancshares to an “underperform” rating in a research report on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. Prosperity Bancshares has an average rating of “Hold” and an average price target of $71.05.
In other news, Director Robert H. Steelhammer sold 5,000 shares of Prosperity Bancshares stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the sale, the director now directly owns 137,800 shares in the company, valued at $8,268,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.93% of the company’s stock.
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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