After Hours
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. Recently, Yahoo Finance discussed the stock, revealing that PROSPERITY BANCSHARES, INC.® REPORTS FOURTH QUARTER 2023 EARNINGS.
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Stocks Info
Prosperity Bancshares Inc. is listed on the NYSE in the Financial sector while operating in the Banks – Regional industry. At the end of the last regular session, the stock closed at $63.50 and fluctuated between $64.81 as its day high and $62.59 as its day low. The current market capitalization of Prosperity Bancshares Inc. is $5.94B. A total of 0.66 million shares were traded on the day, compared to an average of 637.70K shares.
In the most recent transaction, LORD L. JACK sold 2,100 shares of PB for 62.94 per share on Dec 11 ’23. After the transaction, the Director now owns 31,025 company shares. In a previous transaction on May 01 ’23, 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 ’23 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 ’23. Company shares held by the Chairman now total 202,891.
Dividend
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Prosperity Bancshares Inc. pays an annual dividend of $2.21, resulting in a dividend yield of 3.48%, and it has a price to earnings (P/E) ratio of 14.05. 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.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, PB has a high of $72.75 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 $1.29 per share and a lower estimate of $1.08. The company reported an EPS of $1.2 in the last quarter, which was 4.30% higher than expectations of $1.15.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $75.54, while its Total Shareholder’s Equity was $6.43B.
Analysts Opinion
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in 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 4.20.
