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. Earlier, Yahoo Finance discussed this stock as it revealed PROSPERITY BANCSHARES, INC.® ANNOUNCES COMMON STOCK DIVIDEND.
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Stocks Info
Prosperity Bancshares Inc. is listed on the NYSE as a member of the Financial sector and is a part of the Banks – Regional industry. At the end of the last regular session, the stock closed at $66.18 and fluctuated between $66.22 as its day high and $64.50 as its day low. The current market capitalization of Prosperity Bancshares Inc. is $6.20B. A total of 0.68 million shares were traded on the day, compared to an average of 643.97K shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. 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
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Prosperity Bancshares Inc. pays an annual dividend of $2.21, resulting in a dividend yield of 3.34%, and it has a price to earnings (P/E) ratio of 13.21. PB’s most recent ex-dividend date was 3/14/2024 when it declared a $0.56 quarterly dividend that was paid in cash on 4/1/2024. Previously, the company paid the dividend on 1/2/2024 with an ex-dividend date of 12/14/2023. The PB stock dividend was $0.56 per share in cash.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by 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
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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.
