Somewhat Positive Press Coverage Somewhat Unlikely to Affect Prosperity Bancshares (NYSE:PB) Share Price

News articles about Prosperity Bancshares (NYSE:PB) have trended somewhat positive on Saturday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 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 news impact score of 0.24 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 45.5882363043589 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Prosperity Bancshares (NYSE:PB) traded down $0.85 on Friday, hitting $70.07. The stock had a trading volume of 314,372 shares, compared to its average volume of 436,079. The company has a market capitalization of $4,870.00, a PE ratio of 17.78, a PEG ratio of 1.80 and a beta of 1.37. Prosperity Bancshares has a 1-year low of $55.84 and a 1-year high of $77.87.

Prosperity Bancshares (NYSE:PB) last released its quarterly earnings data on Wednesday, October 25th. The bank reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The business had revenue of $184.96 million for the quarter, compared to analysts’ expectations of $185.59 million. Prosperity Bancshares had a return on equity of 7.38% and a net margin of 34.79%. During the same period in the previous year, the business posted $0.99 earnings per share. sell-side analysts forecast that Prosperity Bancshares will post 3.95 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be paid a $0.36 dividend. This is a positive change from Prosperity Bancshares’s previous quarterly dividend of $0.34. The ex-dividend date is Thursday, December 14th. This represents a $1.44 annualized dividend and a yield of 2.06%. Prosperity Bancshares’s payout ratio is currently 36.55%.

PB has been the topic of a number of recent analyst reports. ValuEngine raised Prosperity Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. SunTrust Banks reissued a “buy” rating and issued a $77.00 price objective on shares of Prosperity Bancshares in a research note on Wednesday, November 29th. Zacks Investment Research raised Prosperity Bancshares from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Friday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $79.00 price target on shares of Prosperity Bancshares in a research report on Friday, December 22nd. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $71.00 price target on shares of Prosperity Bancshares in a research report on Friday, September 8th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $72.68.

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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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