Brokerage firm Evercore ISI Group Upgrades its rating on PROSPERITY BANCSHARES INC COM(NYSE:PB). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Evercore ISI Group was issued on Jun 9, 2016.
In a different note, Compass Point said it Initiates Coverage on PROSPERITY BANCSHARES INC COM, according to a research note issued on Jun 7, 2016. The shares have been rated ‘Neutral’ by the firm. On May 9, 2016, Raymond James said it Upgrades its rating on PROSPERITY BANCSHARES INC COM. The shares have been rated ‘Outperform’ by the firm.
PROSPERITY BANCSHARES INC COM (PB) made into the market gainers list on Wednesdays trading session with the shares advancing 0.62% or 0.31 points. Due to strong positive momentum, the stock ended at $50.36, which is also near the day’s high of $51.39. The stock began the session at $50.32 and the volume stood at 2,75,499 shares. The 52-week high of the shares is $59.97 and the 52 week low is $33.57. The company has a current market capitalization of $3,504 M and it has 6,95,69,915 shares in outstanding.
PROSPERITY BANCSHARES INC COM(PB) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $197.05M. Analysts had an estimated revenue of $185.32M. Earnings per share were $0.86. Analysts had estimated an EPS of $0.96.
Several Insider Transactions has been reported to the SEC. On Feb 19, 2016, Robert H Steelhammer (director) sold 8,000 shares at $42.24 per share price.Also, On Feb 3, 2016, H E Jr Timanus (Vice Chairman) purchased 3,000 shares at $40.30 per share price.On Feb 1, 2016, Randy Hester (Chief Lending Officer of Bank) purchased 175 shares at $41.50 per share price, according to the Form-4 filing with the securities and exchange commission.
Prosperity Bancshares Inc. is a financial holding company. The Company operates through its bank subsidiary Prosperity Bank (the Bank). The Bank provides a range of financial products and services to small and medium-sized businesses and consumers. The Companys additional products and services include trust services brokerage mortgage lending credit card and independent sales organization (ISO) sponsorship operations. Its traditional deposit products include certificates of deposit interest checking accounts savings accounts and overdraft protection. The Bank operates 245 full service banking locations including 62 in the Houston area 30 in the South Texas area 36 in the Dallas/Fort Worth area 22 in the East Texas area 30 in the Central Texas area 34 in the West Texas area 16 in the Bryan/College Station area six in the Central Oklahoma area and nine in the Tulsa Oklahoma area.