After Hours
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. Recently, Yahoo Finance discussed the stock, revealing that PROSPERITY BANCSHARES, INC.® ANNOUNCES COMMON STOCK DIVIDEND.
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Stocks Info
The company is listed on the NYSE and operates within the Banks – Regional industry segment. At the end of the last regular session, the stock closed at $63.88 and fluctuated between $64.29 as its day high and $62.91 as its day low. The current market capitalization of Prosperity Bancshares Inc. is $5.99B. A total of 0.84 million shares were traded on the day, compared to an average of 641.45K shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, PB has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 13 BUYs and 1 SELLs from insiders. Insiders purchased 22,637 shares during that period but sold 1,000.
In the most recent transaction, LORD L. JACK sold 2,100 shares of PB for 62.94 per share on Dec 11. After the transaction, the Director now owns 31,025 company shares. In a previous transaction on May 01, LORD L. JACK bought 5,000 shares at 62.04 per share. PB shares that Director owns now total 33,125.
Among the insiders who bought shares, TIMANUS H E JR acquired of 1,000 shares on Mar 14 at a per-share price of $61.50. This resulted in the Chairman holding 203,891 shares of PB after the transaction. In another insider transaction, TIMANUS H E JR bought 1,000 shares at $62.90 per share on Mar 13. Company shares held by the Chairman now total 202,891.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Prosperity Bancshares Inc. pays an annual dividend of $2.21, resulting in a dividend yield of 3.46%, and it has a price to earnings (P/E) ratio of 12.75. PB’s most recent ex-dividend date was 12/14/2023 when it declared a $0.56 quarterly dividend that was paid in cash on 1/2/2024. Previously, the company paid the dividend on 10/2/2023 with an ex-dividend date of 9/14/2023. The PB stock dividend was $0.55 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for PB in the last 3 months, the mean price target is $72.81 with high estimates of $80.00 and low estimates of $57.00. In terms of 52-week highs and lows, PB has a high of $78.76 and a low of $49.60.
As of this writing, PB has an earnings estimate of $1.17 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $1.25 per share and a lower estimate of $1.02. The company reported an EPS of $0.94 in the last quarter, which was -18.30% lower than expectations of $1.15.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $75.04, while its Total Shareholder’s Equity was $6.43B.
Analysts Opinion
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. 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 4.07.
