Hovde Group reiterated coverage on Prosperity Bancshares with a new price target
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Hovde Group reiterated coverage of Prosperity Bancshares with a rating of Outperform and set a new price target of $82.50 from $80.50 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/15/2024 | $80.00 → $78.00 | Buy → Neutral | DA Davidson |
| 9/24/2024 | $75.00 → $90.00 | Neutral → Outperform | Wedbush |
| 9/20/2024 | $81.00 → $79.00 | Buy → Hold | Truist |
| 9/17/2024 | $80.00 | Strong Buy → Outperform | Raymond James |
| 8/26/2024 | $80.50 → $82.50 | Outperform | Hovde Group |
| 8/5/2024 | $75.00 → $86.00 | Equal-Weight → Overweight | Morgan Stanley |
| 3/8/2024 | $68.00 | Equal Weight | Barclays |
| 2/7/2024 | $69.00 | Underweight → Equal-Weight | Morgan Stanley |
Board approved increase in dividend of 3.57% to $0.58 for fourth quarter 2024, representing the 21st consecutive annual increase, with a compound annual growth rate of 11.1%Net income of $127.3 million and diluted earnings per share of $1.34 for third quarter 2024Net interest margin increased 23 basis points to 2.95% compared to third quarter 2023Deposits increased $154.5 million and loans increased $60.0 million during third quarter 2024Noninterest-bearing deposits of $9.8 billion, representing 34.9% of total depositsAllowance for credit losses on loans and on off-balance sheet credit exposure of $392.0 million and allowance for credit losses on loans to total loans, excluding Warehouse Pur
HOUSTON, Oct. 16, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE:PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.58 per share for the fourth quarter of 2024, payable January 2, 2025, to shareholders of record as of December 13, 2024. The fourth quarter dividend represents an increase of $0.02 per share, or 3.57%, from the prior quarter. Prosperity Bancshares, Inc.® As of June 30, 2024, Prosperity Bancshares, Inc.® is a $39.762 billion Houston, Texas based regional financial holding company providing personal banking services and investments to consumers and small to medium sized businesses throughout Texas and Oklahoma. Founded in 19
HOUSTON, Sept. 25, 2024 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE:PB) Third Quarter 2024 Earnings Announcement, scheduled before the market opens on Wednesday, October 23, 2024, you are invited to listen to its conference call at 11:30 AM, Eastern Time (10:30 AM, Central Time) on that day. Participants will include members of Prosperity's executive management team. What: Prosperity Bancshares, Inc.® Third Quarter 2024 Earnings Conference Call When: Wednesday, October 23, 2024, at 10:30 AM (Central Time) Where: https://www.prosperitybankusa.com/Presentation-Webcasts-and-Calls How: Simply log on to the web at the address above or call 1-877-883-0383 for
DA Davidson downgraded Prosperity Bancshares from Buy to Neutral and set a new price target of $78.00 from $80.00 previously
Wedbush upgraded Prosperity Bancshares from Neutral to Outperform and set a new price target of $90.00 from $75.00 previously
Truist downgraded Prosperity Bancshares from Buy to Hold and set a new price target of $79.00 from $81.00 previously
SCHEDULE 13G - PROSPERITY BANCSHARES INC (0001068851) (Subject)
8-K - PROSPERITY BANCSHARES INC (0001068851) (Filer)
8-K - PROSPERITY BANCSHARES INC (0001068851) (Filer)
SC 13G/A - PROSPERITY BANCSHARES INC (0001068851) (Subject)
SC 13G/A - PROSPERITY BANCSHARES INC (0001068851) (Subject)
SC 13G/A - PROSPERITY BANCSHARES INC (0001068851) (Subject)
HOUSTON, Oct. 16, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE:PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.58 per share for the fourth quarter of 2024, payable January 2, 2025, to shareholders of record as of December 13, 2024. The fourth quarter dividend represents an increase of $0.02 per share, or 3.57%, from the prior quarter. Prosperity Bancshares, Inc.® As of June 30, 2024, Prosperity Bancshares, Inc.® is a $39.762 billion Houston, Texas based regional financial holding company providing personal banking services and investments to consumers and small to medium sized businesses throughout Texas and Oklahoma. Founded in 19
HOUSTON, Sept. 25, 2024 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE:PB) Third Quarter 2024 Earnings Announcement, scheduled before the market opens on Wednesday, October 23, 2024, you are invited to listen to its conference call at 11:30 AM, Eastern Time (10:30 AM, Central Time) on that day. Participants will include members of Prosperity's executive management team. What: Prosperity Bancshares, Inc.® Third Quarter 2024 Earnings Conference Call When: Wednesday, October 23, 2024, at 10:30 AM (Central Time) Where: https://www.prosperitybankusa.com/Presentation-Webcasts-and-Calls How: Simply log on to the web at the address above or call 1-877-883-0383 for
HOUSTON, July 17, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE:PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.56 per share for the third quarter of 2024, payable October 1, 2024, to shareholders of record as of September 13, 2024. Prosperity Bancshares, Inc.® As of March 31, 2024, Prosperity Bancshares, Inc.® is a $38.757 billion Houston, Texas based regional financial holding company providing personal banking services and investments to consumers and small to medium sized businesses throughout Texas and Oklahoma. Founded in 1983, Prosperity believes in a community banking philosophy, taking care of customers, businesses, and comm
4 analysts have expressed a variety of opinions on Prosperity Bancshares (NYSE:PB) over the past quarter, offering a diverse set of opinions from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 1 0 0 Last 30D 1 1 1 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $76.0, a high estimate of $81.00, and a low estimate of $68.00. Mar
Wedbush analyst David Chiaverini maintains Prosperity Bancshares (NYSE:PB) with a Neutral and raises the price target from $63 to $75.
Piper Sandler analyst Brett Rabatin maintains Prosperity Bancshares (NYSE:PB) with a Overweight and raises the price target from $73 to $80.
4 - PROSPERITY BANCSHARES INC (0001068851) (Issuer)
4 - PROSPERITY BANCSHARES INC (0001068851) (Issuer)
4 - PROSPERITY BANCSHARES INC (0001068851) (Issuer)