Prosperity Bancshares (PB) Given Media Sentiment Rating of 0.20

News headlines about Prosperity Bancshares (NYSE:PB) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Prosperity Bancshares earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave headlines about the bank an impact score of 45.9366690048834 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the headlines that may have impacted Accern’s rankings:

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PB stock opened at $71.69 on Wednesday. The firm has a market capitalization of $5,052.32, a PE ratio of 18.20, a PEG ratio of 1.52 and a beta of 1.32. Prosperity Bancshares has a 1 year low of $55.84 and a 1 year high of $79.20.

Prosperity Bancshares (NYSE:PB) last released its quarterly earnings results on Wednesday, January 24th. The bank reported $0.99 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.01). The firm had revenue of $185.27 million during the quarter, compared to analysts’ expectations of $185.43 million. Prosperity Bancshares had a return on equity of 7.28% and a net margin of 34.28%. During the same quarter last year, the business earned $0.99 earnings per share. research analysts predict that Prosperity Bancshares will post 4.77 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Friday, March 16th were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.01%. Prosperity Bancshares’s dividend payout ratio (DPR) is currently 36.55%.

Prosperity Bancshares declared that its board has initiated a share buyback program on Friday, January 19th that permits the company to repurchase 3,470,000 outstanding shares. This repurchase authorization permits the bank to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Several analysts have commented on the company. Barclays increased their target price on Prosperity Bancshares from $72.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. ValuEngine upgraded Prosperity Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Piper Jaffray restated a “hold” rating and issued a $73.00 price target on shares of Prosperity Bancshares in a research note on Tuesday, January 9th. Zacks Investment Research downgraded Prosperity Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, March 27th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $79.00 price target on shares of Prosperity Bancshares in a research note on Friday, December 22nd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $74.45.

In related news, CFO David Hollaway sold 5,000 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $76.32, for a total value of $381,600.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Epps sold 4,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $75.15, for a total value of $300,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,800 shares of company stock worth $818,280. 5.05% of the stock is owned by insiders.

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Prosperity Bancshares Company Profile

Prosperity Bancshares, Inc operates as bank holding company for the Prosperity Bank that provides retail and commercial banking services to small and medium-sized businesses, and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts. The company also offers 1-4 family residential mortgage, commercial mortgage and multifamily residential, commercial and industrial, agricultural real estate, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; and consumer durables and home equity loans.

Insider Buying and Selling by Quarter for Prosperity Bancshares (NYSE:PB)

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