Prosperity Bancshares (PB) Rating Reiterated by Keefe, Bruyette & Woods

Prosperity Bancshares Inc.(R) now has $5.05B valuation. The firm is scheduled to report its next earnings results on Wednesday, January 24th.

Prosperity Bancshares (NYSE:PB) last issued its quarterly earnings data on Wednesday, October 25th. The bank reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.14. The company had revenue of $184.96 million during the quarter, compared to analyst estimates of $185.59 million. During the same quarter previous year, the business posted $0.99 earnings per share.

Several brokerages have issued reports on PB. ValuEngine upgraded Prosperity Bancshares from a "hold" rating to a "buy" rating in a research note on Thursday, November 30th. Zacks Investment Research upgraded Live Oak Bancshares from a "sell" rating to a "hold" rating in a research note on Wednesday, October 11th. Keefe, Bruyette & Woods reiterated a "hold" rating and issued a $79.00 target price on shares of Prosperity Bancshares in a research note on Friday, December 22nd. SunTrust Banks reiterated a "buy" rating and issued a $27.00 price objective on shares of Live Oak Bancshares in a research note on Thursday, October 12th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. Prosperity Bancshares now has an average rating of "Hold" and an average price target of $73.27. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Prosperity Bancshares by 17.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,289 shares of the bank's stock valued at $340,000 after purchasing an additional 114 shares in the last quarter. Finally, Riverhead Capital Management LLC grew its stake in shares of Prosperity Bancshares by 42.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,424 shares of the bank's stock valued at $156,000 after purchasing an additional 185 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Prosperity Bancshares by 17.4% during the second quarter. Legal & General Group Plc now owns 73,909 shares of the bank's stock worth $4,748,000 after acquiring an additional 7,917 shares during the period. Jennison Associates LLC lifted its stake in Prosperity Bancshares by 7.0% in the second quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in Prosperity Bancshares by 3.7% in the second quarter. Riverhead Capital Management LLC now owns 3,428 shares of the bank's stock worth $220,000 after purchasing an additional 1,028 shares during the last quarter.

In other Live Oak Bancshares news, Director Glen F. Hoffsis bought 1,400 shares of the firm's stock in a transaction that occurred on Friday, November 10th. The stock has a market capitalization of $4,964.63, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 1.81 and a beta of 1.37. Prosperity Bancshares has a fifty-two week low of $55.84 and a fifty-two week high of $77.87.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Thursday, December 14th. Prosperity Bancshares's dividend payout ratio (DPR) is now 36.46%.

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Prosperity Bancshares, Inc. operates as bank holding firm for the Prosperity Bank that provides a range of retail and commercial banking services to small and medium-sized businesses, and consumers.

Commonwealth Bank of Australia provides integrated financial services in Australia, New Zealand, and internationally. The firm offers various deposit products, including demand, savings, money market, and time accounts.

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