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Monday, June 5, 2023

This Is Too Hot For Prosperity Bancshares Inc. (NYSE: PB), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Prosperity Bancshares Inc. (PB) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $60.21. The Prosperity Bancshares Inc. has recorded 11,577 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that PROSPERITY BANCSHARES, INC.® COMPLETES MERGER WITH FIRST BANCSHARES OF TEXAS, INC..

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Stocks Info

As a NYSE listed company, PB falls under the Financial sector while operating within the Banks – Regional industry segment. At the end of the last regular session, the stock closed at $60.21 and fluctuated between $61.15 as its day high and $59.47 as its day low. The current market capitalization of Prosperity Bancshares Inc. is $5.23B. A total of 0.68 million shares were traded on the day, compared to an average of 827.09K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, PB has seen 11 BUY and 1 SELL insider trades, representing the acquisition of 15,000 and the disposition of 1,000 shares. Over the last 12 months, there were 25 BUYs and 6 SELLs from insiders. Insiders purchased 71,615 shares during that period but sold 6,300.

In the most recent transaction, LORD L. JACK bought 5,000 shares of PB for 62.04 per share on May 01. After the transaction, the Director now owns 33,125 company shares. In a previous transaction on Mar 14, TIMANUS H E JR bought 1,000 shares at 61.50 per share. PB shares that Chairman owns now total 203,891.

Among the insiders who bought shares, TIMANUS H E JR acquired of 1,000 shares on Mar 13 at a per-share price of $62.90. This resulted in the Chairman holding 202,891 shares of PB after the transaction. In another insider transaction, Osmonov Asylbek bought 1,000 shares at $61.54 per share on Mar 13. Company shares held by the CFO now total 15,746.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Prosperity Bancshares Inc. pays an annual dividend of $2.20, resulting in a dividend yield of 3.65%, and it has a price to earnings (P/E) ratio of 10.44. PB’s most recent ex-dividend date was 6/14/2023 when it declared a $0.55 quarterly dividend that was paid in cash on 7/3/2023. Previously, the company paid the dividend on 4/3/2023 with an ex-dividend date of 3/14/2023. The PB stock dividend was $0.55 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for PB in the last 3 months, the mean price target is $68.86 with high estimates of $76.00 and low estimates of $58.00. In terms of 52-week highs and lows, PB has a high of $78.76 and a low of $56.72.

As of this writing, PB has an earnings estimate of $1.29 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.46 per share and a lower estimate of $1.03. The company reported an EPS of $1.51 in the last quarter, which was 1.30% higher than expectations of $1.49.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $73.39, while its Total Shareholder’s Equity was $6.43B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PB is Buy with a score of 3.92.

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