$185.43 Million in Sales Expected for Prosperity Bancshares, Inc. (PB) This Quarter


$185.43 Million in Sales Expected for Prosperity Bancshares, Inc. (PB) This Quarter

Separately, Zacks Investment Research raised Live Oak Bancshares from a "sell" rating to a "hold" rating in a research note on Friday, November 11th.

FIG Partners lifted their FY2018 earnings per share (EPS) estimates for shares of Prosperity Bancshares in a report issued on Wednesday, according to Zacks Investment Research. SunTrust Banks reiterated a "buy" rating and issued a $77.00 price target on shares of Prosperity Bancshares in a report on Wednesday, November 29th. Barclays raised their target price on shares of Prosperity Bancshares from $72.00 to $79.00 and gave the company an "overweight" rating in a research note on Tuesday, January 2nd. Nasdaq.com's article titled: "Prosperity Bancshares Reaches Analyst Target Price" and published on January 11, 2018 is yet another important article. (NYSE:PB) to report $1.00 EPS on January, 24.They anticipate $0.01 EPS change or 1.01 % from last quarter's $0.99 EPS. Prosperity Bancshares reported sales of $183.31 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.2%.

Several institutional investors have recently bought and sold shares of PB. The stock has a market capitalization of $4,830.00, a price-to-earnings ratio of 18.02, a PEG ratio of 1.67 and a beta of 1.37. North Star Asset Management Inc. now owns 85,230 shares of the bank's stock worth $5,475,000 after acquiring an additional 757 shares during the period. Morgan Stanley now owns 7,084 shares of the company's stock valued at $102,000 after buying an additional 6,983 shares during the last quarter. Second Curve Capital LLC lifted its stake in Live Oak Bancshares by 175.0% in the third quarter. Teacher Retirement System of Texas grew its position in shares of Prosperity Bancshares by 2.2% in the second quarter. BNP Paribas Arbitrage SA raised its stake in Prosperity Bancshares by 64.8% in the second quarter. BNP Paribas Arbitrage SA now owns 26,439 shares of the bank's stock worth $1,698,000 after acquiring an additional 10,393 shares during the period.

Prosperity Bancshares (NYSE:PB) traded up $1.51 on Friday, hitting $71.00. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,489 shares of the bank's stock valued at $160,000 after purchasing an additional 369 shares in the last quarter. Prosperity Bancshares has a 12-month low of $55.84 and a 12-month high of $77.87. The firm earned "Underperform" rating on Tuesday, January 2 by Hovde Group. Canada Pension Plan Investment Board acquired a new position in Prosperity Bancshares during the 3rd quarter valued at about $105,000. Stockholders of record on Friday, December 15th were paid a dividend of $0.36 per share. Finally, State Board of Administration of Florida Retirement System lifted its stake in Prosperity Bancshares by 3.7% in the second quarter. This represents a $1.44 annualized dividend and a dividend yield of 2.03%. PNC Financial Services Group Inc. grew its stake in shares of Prosperity Bancshares by 8.3% in the 2nd quarter. The ex-dividend date was Thursday, December 14th. Prosperity Bancshares's dividend payout ratio (DPR) is presently 36.55%. Teacher Retirement System of Texas now owns 5,289 shares of the bank's stock valued at $340,000 after purchasing an additional 114 shares in the last quarter.

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Prosperity Bancshares, Inc is a financial holding company, which operates through its bank subsidiary, Prosperity Bank (the Bank). The Bank specializes in providing lending services to small businesses nationwide in targeted industries. The firm provides retail banking services, including home loans, credit cards, personal loans, transaction accounts, and demand and term deposits through its Commonwealth Bank and Bankwest brands; and commercial products, such as business loans, equipment and trade finance, and rural and agribusiness products to firms, government entities, and other institutions.