PB - Prosperity Bancshares Inc Stock Price, Fair Value and News

64.87USD+1.02 (+1.60%)Delayed as of 17 May 2024, 01:56 pm ET

Market Summary

USD64.87+1.02

Delayedas of 17 May 2024, 01:56 pm

1.60%

PB Stock Price

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PB RSI Chart

PB Valuation

Market Cap

6.1B

Price/Earnings (Trailing)

15.12

Price/Sales (Trailing)

4.09

EV/EBITDA

4.08

Price/Free Cashflow

9.83

PB Price/Sales (Trailing)

PB Profitability

EBT Margin

34.49%

Return on Equity

5.7%

Return on Assets

1.05%

Free Cashflow Yield

10.17%

PB Fundamentals

PB Revenue

Revenue (TTM)

1.5B

Rev. Growth (Yr)

16.68%

Rev. Growth (Qtr)

1.46%

PB Earnings

Earnings (TTM)

405.0M

Earnings Growth (Yr)

-11.44%

Earnings Growth (Qtr)

15.66%

Breaking Down PB Revenue

52 Week Range

52.2865.08

(Low)(High)

Last 7 days

0.6%

Last 30 days

7.8%

Last 90 days

0.7%

Trailing 12 Months

How does PB drawdown profile look like?

PB Financial Health

PB Investor Care

Dividend Yield

3.46%

Dividend/Share (TTM)

2.21

Shares Dilution (1Y)

1.76%

Diluted EPS (TTM)

4.33

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	1.5B	0	0	0
2023	1.2B	1.3B	1.4B	1.4B
2022	1.0B	1.0B	1.0B	1.1B
2021	1.1B	1.1B	1.1B	1.0B
2020	943.1M	1.0B	1.1B	1.1B
2019	742.3M	745.8M	747.3M	832.9M
2018	683.3M	699.6M	711.9M	727.2M
2017	663.6M	662.2M	670.2M	677.4M
2016	673.3M	674.8M	673.7M	675.8M
2015	734.2M	715.6M	693.7M	669.7M
2014	575.5M	632.7M	684.0M	714.8M
2013	446.3M	482.7M	501.3M	539.3M
2012	370.1M	367.3M	391.8M	419.8M
2011	381.4M	377.7M	374.7M	371.9M
2010	400.5M	397.1M	391.7M	384.5M
2009	0	368.5M	389.0M	409.6M
2008	0	0	0	347.9M

Get all data in R, Python etc through our Historical Stock Data APIs

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Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Prosperity Bancshares Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 06, 2024	holmes ned s	sold	-	-	-17,870	-
Apr 29, 2024	holmes ned s	gifted	-	-	-2,015	-
Apr 16, 2024	blanco ileana m	acquired	-	-	1,500	-
Apr 16, 2024	henderson leah	acquired	-	-	1,500	-
Apr 16, 2024	mueller perry jr	acquired	-	-	1,500	-
Apr 16, 2024	holmes ned s	acquired	-	-	1,500	-
Apr 16, 2024	steelhammer robert h	acquired	-	-	1,500	-
Apr 16, 2024	luedke william t. iv	acquired	-	-	1,500	-
Apr 16, 2024	murillo laura	acquired	-	-	1,500	-
Apr 16, 2024	lord l. jack	acquired	-	-	1,500	-

Which funds bought or sold PB recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	Centiva Capital, LP	sold off	-100	-268,007	-	-%
May 15, 2024	Cetera Investment Advisers	reduced	-52.88	-350,341	295,615	-%
May 15, 2024	Elizabeth Park Capital Advisors, Ltd.	new	-	1,874,730	1,874,730	1.55%
May 15, 2024	BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp	reduced	-3.57	-902,850	13,320,400	0.09%
May 15, 2024	TWINBEECH CAPITAL LP	sold off	-100	-201,700	-	-%
May 15, 2024	Azora Capital LP	sold off	-100	-26,829,800	-	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	reduced	-71.21	-43,167,500	16,755,500	-%
May 15, 2024	DEPRINCE RACE & ZOLLO INC	added	18.27	5,868,150	45,335,600	0.98%
May 15, 2024	BOOTHBAY FUND MANAGEMENT, LLC	added	16.9	214,621	1,800,920	0.04%
May 15, 2024	Cipher Capital LP	reduced	-50.95	-251,281	228,586	0.11%

Are Funds Buying or Selling PB?

Are funds buying PB calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PB

No. of Funds

Unveiling Prosperity Bancshares Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	10.34%	9,693,076	SC 13G/A
Feb 06, 2024	victory capital management inc	6.33%	5,928,697	SC 13G/A
Jan 25, 2024	blackrock inc.	8.9%	8,302,024	SC 13G/A
Jan 25, 2024	state street corp	6.24%	5,848,700	SC 13G/A
Feb 09, 2023	state street corp	7.99%	7,292,090	SC 13G/A
Feb 09, 2023	vanguard group inc	10.40%	9,496,533	SC 13G/A
Feb 01, 2023	victory capital management inc	6.24%	5,696,916	SC 13G
Jan 25, 2023	blackrock inc.	9.1%	8,352,397	SC 13G/A
Feb 11, 2022	state street corp	7.40%	6,824,386	SC 13G/A
Feb 07, 2022	blackrock inc.	8.6%	7,968,356	SC 13G/A

Recent SEC filings of Prosperity Bancshares Inc

View All Filings

Date Filed	Form Type	Document
May 08, 2024	10-Q	Quarterly Report
May 07, 2024	4	Insider Trading
Apr 29, 2024	4	Insider Trading
Apr 24, 2024	8-K	Current Report
Apr 17, 2024	4	Insider Trading
Apr 17, 2024	4	Insider Trading
Apr 17, 2024	4	Insider Trading
Apr 17, 2024	4	Insider Trading
Apr 17, 2024	4	Insider Trading
Apr 17, 2024	4	Insider Trading

Peers (Alternatives to Prosperity Bancshares Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	581.4B	174.7B	11.99%	46.24%	11.55	3.33	53.11%	19.83%
BAC	306.7B	137.9B	13.09%	37.28%	12.25	2.22	56.12%	-12.56%
WFC	212.8B	85.8B	8.19%	50.84%	11.34	2.48	35.02%	26.14%
C	122.4B	125.0B	12.50%	36.26%	15.31	0.98	37.85%	-
CFG	16.6B	10.4B	12.65%	38.40%	11.61	1.6	26.22%	-33.87%
KEY	14.4B	8.1B	7.74%	50.49%	16.53	1.78	32.15%	-50.93%
MID-CAP
CMA	7.2B	4.2B	8.99%	43.16%	10.4	1.7	34.68%	-45.96%
ZION	6.6B	4.1B	13.27%	70.96%	10.5	1.62	32.93%	-30.73%
ABCB	3.5B	1.3B	12.98%	57.40%	12.27	2.64	30.60%	-12.99%
ASB	3.3B	2.0B	11.41%	42.76%	20.79	1.64	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	415.3M	173.1M	13.52%	27.11%	14.24	2.4	26.54%	-34.86%
ALRS	390.4M	152.4M	-1.25%	34.56%	39.27	2.56	16.94%	-73.84%
ACNB	289.6M	98.7M	3.86%	15.94%	9.84	2.93	6.27%	-22.90%
ASRV	47.2M	62.5M	11.11%	-5.26%	-15.95	0.75	18.83%	-145.18%

Prosperity Bancshares Inc News

Latest updates

Prosperity Bancshares Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	1.5%	382	376	380	360	327	309	280	258	249	254	260	261	272	279	282	287	296	273	186	188	186
EBITDA Margin	-5.0%	1.00*	1.05*	1.16*	1.29*	1.45*	1.55*	1.61*	1.62*	1.62*	1.61*	1.59*	1.57*	-	-	-	-	-	-	-	-	-
Interest Expenses	0.5%	238	237	240	236	243	256	261	248	240	245	249	245	255	258	258	259	256	232	154	155	155
Income Taxes	19.1%	31.00	26.00	30.00	25.00	34.00	37.00	37.00	35.00	33.00	34.00	35.00	35.00	36.00	37.00	35.00	9.00	35.00	23.00	21.00	21.00	21.00
Earnings Before Taxes	16.4%	141	121	143	112	159	175	173	163	155	161	163	166	170	174	165	140	166	109	103	103	104
EBT Margin	-6.8%	0.34*	0.37*	0.43*	0.48*	0.57*	0.61*	0.63*	0.63*	0.63*	0.63*	0.63*	0.62*	-	-	-	-	-	-	-	-	-
Net Income	15.7%	110	95.00	112	87.00	125	138	136	128	122	127	129	131	133	137	130	131	131	86.00	82.00	82.00	82.00
Net Income Margin	-6.9%	0.27*	0.29*	0.34*	0.38*	0.45*	0.48*	0.49*	0.50*	0.50*	0.50*	0.49*	0.49*	-	-	-	-	-	-	-	-	-
Free Cashflow	673.1%	180	23.00	232	187	170	-8.65	186	74.00	212	71.00	181	201	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.5%	38,757	38,548	39,296	39,905	38,797	37,690	37,844	38,057	38,271	37,834	36,512	36,100	35,558	34,059	33,198	32,967	31,743	32,186	10,500	22,375	22,354
Cash Equivalents	-100.0%	-	6.00	-	-	-	4.00	-	-	-	4.00	-	-	-	7.00	-	-	-	73.00	-	-	-
Net PPE	0.6%	372	370	370	365	345	339	337	336	336	320	323	325	327	324	326	325	327	327	264	262	258
Goodwill	0.0%	3,396	3,396	3,396	3,384	3,232	3,232	3,232	3,232	3,232	3,232	3,232	3,232	3,232	3,232	3,232	3,232	3,223	3,224	1,901	1,901	1,901
Liabilities	0.6%	31,652	31,469	32,263	32,937	31,090	30,990	31,232	30,865	31,767	31,407	30,167	29,790	29,337	27,929	27,163	27,019	25,888	26,215	17,966	18,247	18,244
Shareholder's Equity	0.4%	7,105	7,079	7,033	6,968	6,739	6,699	6,612	6,522	6,504	6,427	6,345	6,310	6,222	6,131	6,035	5,948	5,856	5,971	1,200	4,128	4,110
Retained Earnings	1.8%	3,341	3,283	3,240	3,180	3,144	3,070	2,982	2,894	2,813	2,738	2,659	2,576	2,491	2,403	2,311	2,224	2,136	2,141	2,098	2,045	1,991
Additional Paid-In Capital	-0.9%	3,672	3,704	3,701	3,698	3,508	3,542	3,539	3,536	3,598	3,595	3,592	3,640	3,637	3,634	3,631	3,633	3,630	3,735	1,960	2,013	2,048
Shares Outstanding	-0.2%	94.00	94.00	94.00	94.00	91.00	91.00	91.00	91.00	92.00	92.00	92.00	93.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	5,080	-	-	-	5,960	-	-	-	6,390	-	-	-	5,310	-	-	-	4,300	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	570.5%	187,400	27,948	243,735	194,899	179,773	-478	191,797	79,525	235,682	75,023	184,115	204,843	230,747	85,425	59,512	227,453	209,931	53,816	142,709	72,924	133,565
Share Based Compensation	8.1%	3,379	3,125	3,147	2,743	3,166	3,308	2,857	2,677	2,923	3,084	2,998	3,084	3,406	3,133	3,171	2,963	3,340	2,963	2,494	2,345	2,804
Cashflow From Investing	-34.6%	405,337	619,750	677,734	-101,088	-102,124	-19,892	-207,953	-271,198	-1,464,584	137,891	-440,820	-1,458,791	-963,183	-567,803	520,100	-1,346,989	120,384	689,341	359,862	-4,333	215,118
Cashflow From Financing	105.1%	35,544	-701,758	-806,025	-102,335	-96,229	-157,893	224,635	-975,005	241,517	1,279,443	252,168	357,887	1,345,108	738,265	174,609	1,070,843	-522,289	-589,929	-384,315	-58,031	-467,746
Dividend Payments	-0.2%	52,374	52,480	51,545	51,616	50,074	50,218	47,429	47,570	47,923	47,924	45,255	45,539	45,535	45,353	42,624	42,623	43,223	43,577	28,043	28,643	28,637
Buy Backs	-	35,282	-	-	34,208	38,040	-	-	-	-	-	-	-	-	197	4,903	-	110,061	-	56,063	-	-

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PB Income Statement

2024-03-31

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended
Consolidated Statements of Income (Unaudited) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
INTEREST INCOME:
Loans, including fees	$ 306,228,000	$ 247,118,000
Securities	66,421,000	73,185,000
Federal funds sold and other earning assets	9,265,000	7,006,000
Total interest income	381,914,000	327,309,000
INTEREST EXPENSE:
Deposits	92,692,000	47,343,000
Other borrowings	48,946,000	34,396,000
Securities sold under repurchase agreements	2,032,000	2,103,000
Total interest expense	143,670,000	83,842,000
NET INTEREST INCOME	238,244,000	243,467,000
PROVISION FOR CREDIT LOSSES	0	0
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	238,244,000	243,467,000
NONINTEREST INCOME:
Nonsufficient funds (NSF) fees	8,288,000	8,095,000
Credit card, debit card and ATM card income	8,861,000	8,666,000
Service charges on deposit accounts	6,406,000	5,926,000
Trust income	4,156,000	3,225,000
Mortgage income	610,000	238,000
Brokerage income	1,235,000	1,149,000
Net (loss) gain on sale or write-down of assets	(35,000)	121,000
Net gain on sale of securities	298,000	0
Other	9,051,000	10,846,000
Total noninterest income	38,870,000	38,266,000
NONINTEREST EXPENSE:
Salaries and employee benefits	85,771,000	77,798,000
Net occupancy and equipment	8,623,000	8,025,000
Credit and debit card, data processing and software amortization	10,975,000	9,566,000
Regulatory assessments and FDIC insurance	5,538,000	4,973,000
Core deposit intangibles amortization	3,237,000	2,374,000
Depreciation	4,686,000	4,433,000
Communications	3,402,000	3,462,000
Net other real estate income	49,000	45,000
Merger related expenses	0	860,000
Other	13,567,000	11,464,000
Total noninterest expense	135,848,000	123,000,000
INCOME BEFORE INCOME TAXES	141,266,000	158,733,000
PROVISION FOR INCOME TAXES	30,840,000	34,039,000
NET INCOME	$ 110,426,000	$ 124,694,000
EARNINGS PER SHARE:
Basic	$ 1.18	$ 1.37
Diluted	$ 1.18	$ 1.37

PB Balance Sheet

2024-03-31

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 1,086,444	$ 458,153
Federal funds sold	250	260
Total cash and cash equivalents	1,086,694	458,413
Available for sale securities, at fair value	315,300	438,588
Held to maturity securities, at cost (fair value of $10,478,359 and $10,984,598, respectively)	11,985,838	12,365,308
Total securities	12,301,138	12,803,896
Loans held for sale	6,380	5,734
Loans held for investment	20,393,943	20,352,559
Loans held for investment - Warehouse Purchase Program	864,924	822,245
Total loans	21,265,247	21,180,538
Less: allowance for credit losses on loans	(330,219)	(332,362)
Loans, net	20,935,028	20,848,176
Accrued interest receivable	97,671	96,327
Goodwill	3,396,402	3,396,086
Core deposit intangibles, net	60,757	63,994
Bank premises and equipment, net	372,333	369,992
Other real estate owned	2,204	1,708
Bank owned life insurance (BOLI)	380,615	379,447
Federal Home Loan Bank of Dallas stock	8,750	8,750
Other assets	114,928	121,088
TOTAL ASSETS	38,756,520	38,547,877
Deposits:
Noninterest-bearing	9,526,535	9,776,572
Interest-bearing	17,648,983	17,403,237
Total deposits	27,175,518	27,179,809
Other borrowings	3,900,000	3,725,000
Securities sold under repurchase agreements	261,671	309,277
Accrued interest payable	75,871	34,819
Allowance for credit losses on off-balance sheet credit exposures	36,503	36,503
Other liabilities	202,413	183,139
Total liabilities	31,651,976	31,468,547
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:
Preferred stock, $1 par value; 20,000,000 shares authorized; none issued or outstanding
Common stock, $1 par value; 200,000,000 shares authorized; 93,525,291 issued and outstanding at March 31, 2024; 93,722,383 shares issued and outstanding at December 31, 2023	93,525	93,723
Capital surplus	3,672,090	3,703,795
Retained earnings	3,341,262	3,283,210
Accumulated other comprehensive loss - net unrealized loss on available for sale securities, net of tax benefit of $(620) and $(372), respectively	(2,333)	(1,398)
Total shareholders’ equity	7,104,544	7,079,330
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 38,756,520	$ 38,547,877

About Prosperity Bancshares Inc

Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts, as well as and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and purchase of equipment and machinery. In addition, it provides internet banking, mobile banking, trust and wealth management, retail brokerage, mortgage services, and treasury management, as well as debit and credit cards. The company was founded in 1983 and is based in Houston, Texas.

CEO	Mr. David E. Zalman
WEBSITE	prosperitybankusa.com
INDUSTRY	Banks Diversified
EMPLOYEES	3710

Prosperity Bancshares Inc Frequently Asked Questions

What is the ticker symbol for Prosperity Bancshares Inc? What does PB stand for in stocks?

PB is the stock ticker symbol of Prosperity Bancshares Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Prosperity Bancshares Inc (PB)?

As of Thu May 16 2024, market cap of Prosperity Bancshares Inc is 6.13 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PB stock?

You can check PB's fair value in chart for subscribers.

What is the fair value of PB stock?

You can check PB's fair value in chart for subscribers. The fair value of Prosperity Bancshares Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Prosperity Bancshares Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PB so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Prosperity Bancshares Inc a good stock to buy?

The fair value guage provides a quick view whether PB is over valued or under valued. Whether Prosperity Bancshares Inc is cheap or expensive depends on the assumptions which impact Prosperity Bancshares Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PB.

What is Prosperity Bancshares Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 16 2024, PB's PE ratio (Price to Earnings) is 15.12 and Price to Sales (PS) ratio is 4.09. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PB PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Prosperity Bancshares Inc's stock?

In the past 10 years, Prosperity Bancshares Inc has provided 0.03 (multiply by 100 for percentage) rate of return.