Press coverage about Prosperity Bancshares (NYSE:PB) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Prosperity Bancshares earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 45.7494131450359 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Prosperity Bancshares Reaches Analyst Target Price (nasdaq.com)
- Prosperity Bancshares (PB) Downgraded by ValuEngine (americanbankingnews.com)
- Prosperity Bancshares, Inc. (PB) Expected to Post Q1 2018 Earnings of $1.13 Per Share (americanbankingnews.com)
- Prosperity Bancshares, Inc. to Post Q4 2018 Earnings of $1.25 Per Share, SunTrust Banks Forecasts (PB) (americanbankingnews.com)
- Analyzing Prosperity Bancshares (PB) and Live Oak Bancshares (LOB) (americanbankingnews.com)
Several brokerages have weighed in on PB. ValuEngine cut Prosperity Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday. Piper Jaffray Companies reissued a “hold” rating and set a $73.00 price objective on shares of Prosperity Bancshares in a report on Tuesday. Zacks Investment Research raised Prosperity Bancshares from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Friday, December 29th. SunTrust Banks reissued a “buy” rating and set a $73.00 price objective on shares of Prosperity Bancshares in a report on Monday, October 2nd. Finally, Hovde Group cut Prosperity Bancshares from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $70.00 to $68.00 in a report on Tuesday, January 2nd. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Prosperity Bancshares currently has an average rating of “Hold” and a consensus price target of $73.27.
Shares of Prosperity Bancshares (NYSE:PB) opened at $74.98 on Friday. The company has a market capitalization of $5,060.00, a PE ratio of 19.03, a PEG ratio of 1.67 and a beta of 1.37. Prosperity Bancshares has a 52 week low of $55.84 and a 52 week high of $77.87.
Prosperity Bancshares (NYSE:PB) last posted its earnings results on Wednesday, October 25th. The bank reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. Prosperity Bancshares had a return on equity of 7.38% and a net margin of 34.79%. The business had revenue of $184.96 million during the quarter, compared to analysts’ expectations of $185.59 million. During the same period in the prior year, the business earned $0.99 EPS. equities analysts predict that Prosperity Bancshares will post 3.95 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.92%. This is a boost from Prosperity Bancshares’s previous quarterly dividend of $0.34. The ex-dividend date was Thursday, December 14th. Prosperity Bancshares’s dividend payout ratio is presently 36.55%.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://ledgergazette.com/2018/01/13/somewhat-positive-media-coverage-somewhat-unlikely-to-impact-prosperity-bancshares-pb-share-price.html.
About Prosperity Bancshares
Prosperity Bancshares, Inc is a financial holding company, which operates through its bank subsidiary, Prosperity Bank (the Bank). The Bank provides a range of financial products and services to small and medium-sized businesses and consumers. The Company, through the Bank, offers a range of loan and deposit products to its customers.
Receive News & Ratings for Prosperity Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prosperity Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.