Prosperity Bancshares (NYSE:PB – Get Free Report) posted its quarterly earnings data on Wednesday. The bank reported $1.18 EPS for the quarter, topping the consensus estimate of $1.15 by $0.03, Briefing.com reports. Prosperity Bancshares had a return on equity of 6.33% and a net margin of 24.50%. The firm had revenue of $420.78 million for the quarter, compared to the consensus estimate of $274.88 million. During the same quarter last year, the company earned $1.37 earnings per share.
Prosperity Bancshares Trading Down 1.5 %
PB opened at $64.13 on Friday. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 1.31 and a beta of 0.93. Prosperity Bancshares has a 12 month low of $49.60 and a 12 month high of $68.88. The stock has a fifty day moving average price of $62.58 and a 200-day moving average price of $61.62.
Prosperity Bancshares Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Friday, June 14th. Prosperity Bancshares’s payout ratio is 51.61%.
Analyst Ratings Changes
About Prosperity Bancshares
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; term loans and lines of credit; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and purchase of equipment and machinery.
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