Prosperity Bancshares Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $55.52
- Today's High:
- $56.425
- Open Price:
- $56.04
- 52W Low:
- $54.45
- 52W High:
- $77.3523
- Prev. Close:
- $55.95
- Volume:
- 392622
Company Statistics
- Market Cap.:
- $5.24 billion
- Book Value:
- 74.349
- Revenue TTM:
- $1.13 billion
- Operating Margin TTM:
- 58.33%
- Gross Profit TTM:
- $1.15 billion
- Profit Margin:
- 43%
- Return on Assets TTM:
- 1.26%
- Return on Equity TTM:
- 7.2%
Company Profile
Prosperity Bancshares Inc had its IPO on 1998-11-12 under the ticker symbol PB.
The company operates in the Financial Services sector and Banks-Regional industry. Prosperity Bancshares Inc has a staff strength of 3,710 employees.
Stock update
Shares of Prosperity Bancshares Inc opened at $56.04 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $55.52 - $56.43, and closed at $56.06.
This is a +0.2% increase from the previous day's closing price.
A total volume of 392,622 shares were traded at the close of the day’s session.
In the last one week, shares of Prosperity Bancshares Inc have slipped by -4.02%.
Prosperity Bancshares Inc's Key Ratios
Prosperity Bancshares Inc has a market cap of $5.24 billion, indicating a price to book ratio of 0.9529 and a price to sales ratio of 5.4744.
In the last 12-months Prosperity Bancshares Inc’s revenue was $1.13 billion with a gross profit of $1.15 billion and an EBITDA of $0. The EBITDA ratio measures Prosperity Bancshares Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Prosperity Bancshares Inc’s operating margin was 58.33% while its return on assets stood at 1.26% with a return of equity of 7.2%.
In Q2, Prosperity Bancshares Inc’s quarterly earnings growth was a negative -33.2% while revenue growth was a negative 9.9%.
Prosperity Bancshares Inc’s PE and PEG Ratio
- Forward PE
- 11.0375
- Trailing PE
- 10.5566
- PEG
- 4.0889
Its diluted EPS in the last 12-months stands at $5.3 per share while it has a forward price to earnings multiple of 11.0375 and a PEG multiple of 4.0889. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Prosperity Bancshares Inc’s profitability.
Prosperity Bancshares Inc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 5.4744.
Prosperity Bancshares Inc stock pays annual dividends of $2.17 per share, indicating a yield of 3.92% and a payout ratio of 41.43%.
Balance sheet and cash flow metrics
- Total Assets
- $39.91 billion
- Total Liabilities
- $3.03 billion
- Operating Cash Flow
- $-203212000.00
- Capital Expenditure
- $8.06 million
- Dividend Payout Ratio
- 41.43%
Prosperity Bancshares Inc ended 2024 with $39.91 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $39.91 billion while shareholder equity stood at $6.97 billion.
Prosperity Bancshares Inc ended 2024 with $0 in deferred long-term liabilities, $3.03 billion in other current liabilities, 93722000.00 in common stock, $3.18 billion in retained earnings and $3.38 billion in goodwill. Its cash balance stood at $396.85 million and cash and short-term investments were $396.85 million. The company’s total short-term debt was $3,000,000,000 while long-term debt stood at $4.80 billion.
Prosperity Bancshares Inc’s total current assets stands at $396.85 million while long-term investments were $13.67 billion and short-term investments were $462.01 million. Its net receivables were $92.27 million compared to accounts payable of $28.73 million and inventory worth $0.
In 2024, Prosperity Bancshares Inc's operating cash flow was $-203212000.00 while its capital expenditure stood at $8.06 million.
Comparatively, Prosperity Bancshares Inc paid $0.41 in dividends in 2024.
Other key metrics
- Current Trading Price
- $56.06
- 52-Week High
- $77.3523
- 52-Week Low
- $54.45
- Analyst Target Price
- $67.43
Prosperity Bancshares Inc stock is currently trading at $56.06 per share. It touched a 52-week high of $77.3523 and a 52-week low of $77.3523. Analysts tracking the stock have a 12-month average target price of $67.43.
Its 50-day moving average was $58.8 and 200-day moving average was $63.94 The short ratio stood at 3.95 indicating a short percent outstanding of 0%.
Around 421.9% of the company’s stock are held by insiders while 8123.9% are held by institutions.
Frequently Asked Questions About Prosperity Bancshares Inc
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About
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.