69.60 0.00 (0.00%)
After hours: 4:28PM EST
|Bid||69.66 x 900|
|Ask||69.68 x 1200|
|Day's Range||68.97 - 69.70|
|52 Week Range||57.01 - 75.36|
|Beta (3Y Monthly)||1.35|
|PE Ratio (TTM)||14.68|
|Earnings Date||Jan 28, 2020 - Feb 3, 2020|
|Forward Dividend & Yield||1.69 (2.49%)|
|1y Target Est||72.79|
Prosperity Bancshares (PB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The acquisition of LegacyTexas Financial will be earnings accretive to Prosperity Bancshares (PB). Also, the deal expands the company's footprint in Texas.
Before being acquired by a major Houston bank, the North Texas bank operated 42 banking centers in and around the Dallas-Fort Worth Metroplex.
HOUSTON, Nov. 1, 2019 /PRNewswire/ -- Prosperity Bancshares, Inc.® (PB), the parent company of Prosperity Bank®, today announced that it has completed its previously announced merger (the "merger") with LegacyTexas Financial Group, Inc. (LTXB) ("LegacyTexas"), the parent company of LegacyTexas Bank, effective November 1, 2019. As of September 30, 2019, on a consolidated basis, LegacyTexas had total assets of $10.5 billion, total loans of $9.1 billion and total deposits of $6.5 billion. LegacyTexas Bank operated 42 banking centers in and around the Dallas-Fort Worth area.
Though lower interest rates and economic slowdown are expected to hurt banks' financials, strategic initiatives undertaken by them are likely to offer some support.
NEW YORK , Oct. 28, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 effective prior to the open of trading on Friday, November 1 : FGL Holdings (NYSE: ...
While rise in revenues, and improving loan and deposit balances support SVB Financial's (SIVB) Q3 earnings, higher expenses and provisions, along with fall in net interest margin, impacted results.
Rise in fee income and lower expenses support Associated Banc-Corp's (ASB) Q3 earnings. Lower interest rates and increase in provisions pose concerns.
Lower credit cost and fall in operating expenses support Prosperity Bancshares' (PB) Q3 earnings. Also, announcement of a dividend hike cheers investors.
Prosperity Bancshares, Cadence Bancorporation and Spirit of Texas Bancshares announced third-quarter financial results this week.
Prosperity Bancshares (PB) delivered earnings and revenue surprises of 0.85% and -0.85%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
- Third quarter earnings per common share (diluted) of $1.19 - Third quarter net income of $81.758 million - Nonperforming assets remain low at 0.26% of third quarter average interest-earning assets - ...
Is Prosperity Bancshares, Inc. (NYSE:PB) a good bet right now? We like to analyze hedge fund sentiment before conducting days of in-depth research. We do so because hedge funds and other elite investors have numerous Ivy League graduates, expert network advisers, and supply chain tipsters working or consulting for them. There is not a shortage […]
Prosperity Bancshares (PB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
While growth in loan and deposit balance, along with rise in fee income, support Hancock Whitney's (HWC) Q3 earnings, escalating operating expenses and higher credit costs hurt the company's results.
The multibillion-dollar deal is expected to create one of the largest Texas-based banks by deposits.
HOUSTON, Oct. 8, 2019 /PRNewswire/ -- Prosperity Bancshares, Inc.® (PB), the parent company of Prosperity Bank® (collectively, "Prosperity"), today announced that it has received all regulatory approvals necessary to complete its previously announced merger (the "merger") with LegacyTexas Financial Group, Inc. (LTXB) ("LegacyTexas"), the parent company of LegacyTexas Bank. The merger is expected to be effective as of November 1, 2019, subject to the approval of the shareholders of Prosperity and the stockholders of LegacyTexas and the satisfaction or waiver of the other closing conditions described in the definitive merger agreement. As of June 30, 2019, Prosperity Bancshares, Inc.® is a $22.4 billion Houston, Texas based regional financial holding company, formed in 1983.
While margin pressure and higher costs will likely hurt Prosperity Bancshares' (PB) profits, its revenues will improve given steady loan growth and inorganic expansion efforts.