Prosperity Bancshares (PB) Given News Impact Rating of 0.24
Press coverage about Prosperity Bancshares (NYSE:PB) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Prosperity Bancshares earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave headlines about the bank an impact score of 45.5882363043589 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.
Shares of Prosperity Bancshares (NYSE PB) traded down $0.62 during trading on Wednesday, hitting $68.33. The stock had a trading volume of 238,159 shares, compared to its average volume of 463,996. The firm has a market capitalization of $4,964.63, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 1.81 and a beta of 1.37. Prosperity Bancshares has a twelve month low of $55.84 and a twelve month high of $77.87.
Prosperity Bancshares (NYSE:PB) last announced its quarterly earnings data on Wednesday, October 25th. The bank reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The business had revenue of $184.96 million during the quarter, compared to analyst estimates of $185.59 million. Prosperity Bancshares had a return on equity of 7.38% and a net margin of 34.79%. During the same quarter in the prior year, the firm posted $0.99 earnings per share. research analysts expect that Prosperity Bancshares will post 3.95 earnings per share for the current fiscal year.
A number of research analysts recently commented on PB shares. UBS downgraded Prosperity Bancshares to an “underperform” rating in a research note on Thursday, August 10th. Raymond James Financial restated an “underperform” rating on shares of Prosperity Bancshares in a research note on Thursday, August 10th. Keefe, Bruyette & Woods restated a “hold” rating and set a $73.00 price objective on shares of Prosperity Bancshares in a research note on Tuesday, August 29th. Royal Bank Of Canada reiterated a “hold” rating and set a $71.00 price target on shares of Prosperity Bancshares in a research report on Friday, September 8th. Finally, Zacks Investment Research lowered Prosperity Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Prosperity Bancshares presently has an average rating of “Hold” and an average price target of $71.45.
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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