Media coverage about Prosperity Bancshares (NYSE:PB) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Prosperity Bancshares earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 46.0997719445071 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Prosperity Bancshares (PB) opened at $78.70 on Tuesday. Prosperity Bancshares has a fifty-two week low of $55.84 and a fifty-two week high of $79.20. The stock has a market cap of $5,500.00, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32.
Prosperity Bancshares (NYSE:PB) last announced its quarterly earnings data on Wednesday, January 24th. The bank reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.01). The firm had revenue of $185.27 million for the quarter, compared to analysts’ expectations of $185.43 million. Prosperity Bancshares had a net margin of 34.28% and a return on equity of 7.28%. During the same period in the previous year, the company posted $0.99 EPS. analysts predict that Prosperity Bancshares will post 4.78 earnings per share for the current fiscal year.
Prosperity Bancshares declared that its Board of Directors has initiated a stock repurchase plan on Friday, January 19th that permits the company to buyback 3,470,000 outstanding shares. This buyback authorization permits the bank to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
Several research analysts have weighed in on the stock. ValuEngine upgraded shares of Prosperity Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research downgraded shares of Prosperity Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. DA Davidson upped their price target on shares of Prosperity Bancshares to $80.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. SunTrust Banks reaffirmed a “buy” rating and issued a $85.00 price target on shares of Prosperity Bancshares in a report on Thursday, January 25th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $73.00 price target on shares of Prosperity Bancshares in a report on Tuesday, January 9th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $74.45.
In related news, insider Michael Epps sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $75.15, for a total transaction of $300,600.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO David Hollaway sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $76.32, for a total transaction of $381,600.00. The disclosure for this sale can be found here. Insiders have sold 10,800 shares of company stock worth $818,280 in the last three months. Insiders own 4.93% of the company’s stock.
WARNING: “Prosperity Bancshares (PB) Receives Daily Media Sentiment Score of 0.10” was first posted by Markets Daily and is owned by of Markets Daily. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.themarketsdaily.com/2018/03/13/prosperity-bancshares-pb-receives-daily-media-sentiment-score-of-0-10.html.
Prosperity Bancshares Company Profile
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.