64.19 +0.64 (1.01%)
After hours: 4:26PM EDT
|Bid||63.84 x 800|
|Ask||63.86 x 800|
|Day's Range||63.55 - 65.04|
|52 Week Range||57.01 - 76.25|
|Beta (3Y Monthly)||1.37|
|PE Ratio (TTM)||13.46|
|Earnings Date||Jul 23, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||1.64 (2.55%)|
|1y Target Est||72.77|
Today we'll take a closer look at Prosperity Bancshares, Inc. (NYSE:PB) from a dividend investor's perspective. Owning...
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.
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" ...
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' (PB) acquisition of LegacyTexas Financial (LTXB) will be earnings accretive and further expand the company's branch locations.
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 email@example.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.
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.
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 ...
Regional bank Prosperity Bancshares reaches an agreement to buy LegacyTexas Financial for $2.1 billion.
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.
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 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.
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.
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.
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.
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%.
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.
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