PB - Prosperity Bancshares, Inc.

NYSE - NYSE Delayed Price. Currency in USD
63.55
-0.74 (-1.15%)
At close: 4:02PM EDT

64.19 +0.64 (1.01%)
After hours: 4:26PM EDT

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Previous Close64.29
Open64.27
Bid63.84 x 800
Ask63.86 x 800
Day's Range63.55 - 65.04
52 Week Range57.01 - 76.25
Volume658,890
Avg. Volume376,303
Market Cap4.415B
Beta (3Y Monthly)1.37
PE Ratio (TTM)13.46
EPS (TTM)4.72
Earnings DateJul 23, 2019 - Jul 29, 2019
Forward Dividend & Yield1.64 (2.55%)
Ex-Dividend Date2019-06-13
1y Target Est72.77
Trade prices are not sourced from all markets
  • Prosperity Bancshares, Inc.'s (NYSE:PB) 2.6% Dividend Yield Looks Pretty Interesting
    Simply Wall St.6 hours ago

    Prosperity Bancshares, Inc.'s (NYSE:PB) 2.6% Dividend Yield Looks Pretty Interesting

    Today we'll take a closer look at Prosperity Bancshares, Inc. (NYSE:PB) from a dividend investor's perspective. Owning...

  • Deal of the Week: Prosperity to acquire North Texas bank in $2.1B deal
    American City Business Journals3 days ago

    Deal of the Week: Prosperity to acquire North Texas bank in $2.1B deal

    Houston-based Prosperity Bancshares Inc. (NYSE: PB), parent of Prosperity Bank, will acquire Plano, Texas-based LegacyTexas Financial Group Inc. (Nasdaq: LTXB), parent of LegacyTexas Bank, in a cash-and-stock deal valued at approximately $2.1 billion. It's expected to be the second-largest bank merger in the history of Texas, according to Prosperity. LegacyTexas shareholders will receive 0.528 shares of PB and $6.28 cash for each LegacyTexas share, subject to certain conditions.

  • SHAREHOLDER ALERT: WeissLaw LLP Investigates LegacyTexas Financial Group Inc.
    PR Newswire5 days ago

    SHAREHOLDER ALERT: WeissLaw LLP Investigates LegacyTexas Financial Group Inc.

    NEW YORK , June 19, 2019 /PRNewswire/ --  WeissLaw LLP   is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of LegacyTexas Financial Group Inc. ("LTXB" ...

  • Prosperity Bancshares, Inc. Announces Changes To Share Repurchase Plan
    PR Newswire6 days ago

    Prosperity Bancshares, Inc. Announces Changes To Share Repurchase Plan

    HOUSTON, June 18, 2019 /PRNewswire/ -- Prosperity Bancshares, Inc.® (PB) ("Prosperity"), the parent company of Prosperity Bank®, today announced that its Board of Directors has authorized Prosperity to repurchase shares of its outstanding common stock in transactions outside the safe harbor provided by Rule 10b-18 under the Securities Exchange Act of 1934, as amended, pursuant to its previously announced stock repurchase program, prior to the time that a joint proxy statement/prospectus is sent to the stockholders of LegacyTexas Financial Group, Inc. ("LegacyTexas") and the shareholders of Prosperity seeking their vote on the approval of the merger of LegacyTexas into Prosperity, and after completion of such votes.

  • Prosperity Bancshares to Buy LegacyTexas Financial for $2.1B
    Zacks6 days ago

    Prosperity Bancshares to Buy LegacyTexas Financial for $2.1B

    Prosperity Bancshares' (PB) acquisition of LegacyTexas Financial (LTXB) will be earnings accretive and further expand the company's branch locations.

  • Markit6 days ago

    See what the IHS Markit Score report has to say about Prosperity Bancshares Inc.

    Prosperity Bancshares Inc NYSE:PBView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate and declining * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is moderate for PB with between 5 and 10% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 14. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding PB totaled $68.17 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Prosperity CEO: Acquisition of DFW bank will make Houston bank ‘bigger, better and stronger’
    American City Business Journals7 days ago

    Prosperity CEO: Acquisition of DFW bank will make Houston bank ‘bigger, better and stronger’

    David Zalman, chairman and CEO of Houston-based Prosperity Bancshares Inc. (NYSE: PB), is bullish on the bank’s planned acquisition of Plano-based LegacyTexas Financial Group (Nasdaq: LTXB). Prosperity on June 17 announced that it would acquire LegacyTexas in a cash-and-stock deal valued at about $2.1 billion. Should the acquisition be completed, it would be the second-largest bank merger in the history of Texas and would create the second-largest Texas-based bank, based on deposits, Zalman said in a June 17 press release.

  • PR Newswire7 days ago

    ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of LegacyTexas Financial Group, Inc.

    NEW YORK , June 17, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against LegacyTexas Financial Group, Inc. (NASDAQ: LTXB) and its board of directors for breach of fiduciary duty ...

  • TheStreet.com7 days ago

    Prosperity Bancshares to Buy LegacyTexas for $2.1 Billion in Cash and Stock

    Regional bank Prosperity Bancshares reaches an agreement to buy LegacyTexas Financial for $2.1 billion.

  • GlobeNewswire7 days ago

    LEGACYTEXAS FINANCIAL GROUP, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Merger

    WILMINGTON, Del., June 17, 2019 -- Rigrodsky & Long, P.A.: Do you own shares of LegacyTexas Financial Group, Inc. (NASDAQ GS: LTXB)?Did you purchase any of your shares.

  • GlobeNewswire7 days ago

    SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of LegacyTexas Financial Group, Inc. to Prosperity Bancshares, Inc. is Fair to Shareholders

    NEW YORK, June 17, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased LegacyTexas Financial Group, Inc..

  • In $2.1B deal, Prosperity to acquire LegacyTexas
    American City Business Journals7 days ago

    In $2.1B deal, Prosperity to acquire LegacyTexas

    In a stock and cash deal, LegacyTexas stockholders will receive 0.5280 shares of Prosperity and $6.28 cash for each LegacyTexas share — a total consideration of about $2.1 billion.

  • Houston-based bank to acquire another Texas bank in $2.1B deal
    American City Business Journals7 days ago

    Houston-based bank to acquire another Texas bank in $2.1B deal

    This is the second-largest bank merger in the history of Texas and will create the second-largest Texas-based bank, based on deposits, the Houston-based bank's CEO said.

  • Reuters7 days ago

    U.S. regional bank Prosperity to buy peer LegacyTexas for $2.1 billion

    LegacyTexas shareholders will receive 0.528 Prosperity shares, and $6.28 in cash for each share held, representing a deal value of $41.78 per share, a premium of 9.3% based on the closing price of LegacyTexas on Friday. The deal is also expected to strengthen Houston, Texas-based Prosperity's foothold in North Texas cities as well as in and around the Dallas-Fort Worth area. As of March 31, 2019, LegacyTexas held assets worth more than $9 billion, total loans of $8.1 billion and total deposits of $7.1 billion, while Prosperity held $22.35 billion in assets and $17.2 billion in deposits.

  • Reuters7 days ago

    UPDATE 3-U.S. regional bank Prosperity to buy peer LegacyTexas for $2.1 bln

    U.S. regional bank Prosperity Bancshares Inc said on Monday it would buy Plano, Texas-based peer LegacyTexas Financial Group Inc for $2.1 billion, creating the second-biggest bank by deposits in the state. LegacyTexas shareholders will receive 0.528 Prosperity shares, and $6.28 in cash for each share held, representing a deal value of $41.78 per share, a premium of 9.3% based on the closing price of LegacyTexas on Friday. The deal is also expected to strengthen Houston, Texas-based Prosperity's foothold in North Texas cities as well as in and around the Dallas-Fort Worth area.

  • MarketWatch7 days ago

    LegacyTexas to be bought by Prosperity for a 9.3% premium, a deal valued at $2.1 billion

    LegacyTexas Financial Group Inc. announced a deal Monday to be acquired by regional bank Prosperity Banchshares Inc. in a cash and stock deal valued at $2.1 billion. Under terms of the deal, LegacyTexas shareholders will receive 0.5280 Prosperity shares and $6.28 in cash for each LegacyTexa share they own, which based on Friday's closing prices values LegacyTexas at a $41.78 share--a 9.3% premium--at a market capitalization of about $2.03 billion. Shares of LegacyTexas and Prosperity were still inactive in premarket trading. "This is a rare opportunity to significantly enhance our presence in the Dallas/Fort Worth MSA, a market with a diverse economy that is continually attracting investment and has a growing population," said Prosperity Chief Executive David Zalman. LegacyTexas's stock has climbed 19.1% year to date through Monday and Prosperity shares have gained 7.9%, while the S&P 500 has advanced 15.1%.

  • Prosperity Bancshares, Inc. And LegacyTexas Financial Group, Inc. Enter Into Definitive Agreement To Merge
    PR Newswire7 days ago

    Prosperity Bancshares, Inc. And LegacyTexas Financial Group, Inc. Enter Into Definitive Agreement To Merge

    HOUSTON and DALLAS, June 17, 2019 /PRNewswire/ -- Prosperity Bancshares, Inc.® (PB) ("Prosperity"), the parent company of Prosperity Bank®, and LegacyTexas Financial Group, Inc. (LTXB) ("LegacyTexas"), the parent company of LegacyTexas Bank ("LegacyTexas Bank"), today jointly announced the signing of a definitive merger agreement pursuant to which LegacyTexas will merge with Prosperity. LegacyTexas Bank operates 42 locations in 19 North Texas cities in and around the Dallas-Fort Worth area.

  • Does Prosperity Bancshares, Inc. (NYSE:PB) Have A High Beta?
    Simply Wall St.19 days ago

    Does Prosperity Bancshares, Inc. (NYSE:PB) Have A High Beta?

    If you're interested in Prosperity Bancshares, Inc. (NYSE:PB), then you might want to consider its beta (a measure of...

  • Prosperity Bancshares (PB) Down 6.2% Since Last Earnings Report: Can It Rebound?
    Zackslast month

    Prosperity Bancshares (PB) Down 6.2% Since Last Earnings Report: Can It Rebound?

    Prosperity Bancshares (PB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • How Much Are Prosperity Bancshares, Inc. (NYSE:PB) Insiders Taking Off The Table?
    Simply Wall St.2 months ago

    How Much Are Prosperity Bancshares, Inc. (NYSE:PB) Insiders Taking Off The Table?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift...