Analysts Are Revising Their Forecasts Prosperity Bancshares (NYSE:PB)

Earnings results for Prosperity Bancshares (NYSE:PB)

Prosperity Bancshares, Inc. is expected* to report earnings on 04/28/2021 before market open. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 8 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.38. The reported EPS for the same quarter last year was $1.3900000000000001.

Prosperity Bancshares last released its quarterly earnings results on January 26th, 2021. The bank reported $1.48 EPS for the quarter, topping the consensus estimate of $1.35 by $0.13. The company earned $294.18 million during the quarter, compared to the consensus estimate of $285.41 million. Prosperity Bancshares has generated $5.02 earnings per share over the last year and currently has a price-to-earnings ratio of 14.8. Prosperity Bancshares has confirmed that its next quarterly earnings report will be published on Wednesday, April 28th, 2021.

Analyst Opinion on Prosperity Bancshares (NYSE:PB)

11 Wall Street analysts have issued ratings and price targets for Prosperity Bancshares in the last 12 months. Their average twelve-month price target is $73.20, predicting that the stock has a possible downside of 5.29%. The high price target for PB is $88.00 and the low price target for PB is $57.00. There are currently 1 sell rating, 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Prosperity Bancshares has received a consensus rating of Hold. The company’s average rating score is 2.36, and is based on 5 buy ratings, 5 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $73.20, Prosperity Bancshares has a forecasted downside of 5.3% from its current price of $77.29. Prosperity Bancshares has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: Prosperity Bancshares (NYSE:PB)

Prosperity Bancshares pays a meaningful dividend of 2.56%, higher than the bottom 25% of all stocks that pay dividends. Prosperity Bancshares has only been increasing its dividend for 1 years. The dividend payout ratio of Prosperity Bancshares is 39.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Prosperity Bancshares will have a dividend payout ratio of 38.13% next year. This indicates that Prosperity Bancshares will be able to sustain or increase its dividend.

Insiders buying/selling: Prosperity Bancshares (NYSE:PB)

In the past three months, Prosperity Bancshares insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $481,019.00 in company stock. Only 4.01% of the stock of Prosperity Bancshares is held by insiders. 76.72% of the stock of Prosperity Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Prosperity Bancshares (NYSE:PB

Earnings for Prosperity Bancshares are expected to decrease by -4.81% in the coming year, from $5.40 to $5.14 per share. The P/E ratio of Prosperity Bancshares is 14.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.36. The P/E ratio of Prosperity Bancshares is 14.83, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 23.12. Prosperity Bancshares has a PEG Ratio of 1.37. PEG Ratios above 1 indicate that a company could be overvalued. Prosperity Bancshares has a P/B Ratio of 1.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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