Analysts See $1.00 EPS for Prosperity Bancshares, Inc. (PB)

July 18, 2017 - By Maria Brooks

 Analysts See $1.00 EPS for Prosperity Bancshares, Inc. (PB)

Wall Street await Prosperity Bancshares, Inc. (NYSE:PB) to release earnings on July, 26. Analysts forecast earnings per share of $1.00, up exactly $0.02 or 2.04 % from 2014’s $0.98 EPS. The expected PB’s profit could reach $69.23 million giving the stock 16.11 P/E in the case that $1.00 earnings per share is reported. After posting $0.99 EPS for the previous quarter, Prosperity Bancshares, Inc.’s analysts now forecast 1.01 % EPS growth. The stock increased 0.20% or $0.13 during the last trading session, reaching $64.42. About 375,419 shares traded. Prosperity Bancshares, Inc. (NYSE:PB) has risen 27.06% since July 18, 2016 and is uptrending. It has outperformed by 10.36% the S&P500.

Prosperity Bancshares, Inc. (NYSE:PB) Ratings Coverage

Among 14 analysts covering Prosperity Bancshares (NYSE:PB), 2 have Buy rating, 3 Sell and 9 Hold. Therefore 14% are positive. Prosperity Bancshares had 34 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Prosperity Bancshares, Inc. (NYSE:PB) earned “Underperform” rating by Sterne Agee CRT on Wednesday, August 26. The rating was maintained by Hovde Group on Monday, June 26 with “Market Perform”. The firm has “Hold” rating given on Friday, July 7 by RBC Capital Markets. FBR Capital reinitiated the stock with “Outperform” rating in Tuesday, October 11 report. The stock of Prosperity Bancshares, Inc. (NYSE:PB) has “Sector Perform” rating given on Thursday, April 28 by RBC Capital Markets. Wedbush downgraded Prosperity Bancshares, Inc. (NYSE:PB) rating on Thursday, November 17. Wedbush has “Underperform” rating and $58 target. The company was upgraded on Monday, June 5 by Morgan Stanley. As per Thursday, January 28, the company rating was upgraded by Keefe Bruyette & Woods. The rating was downgraded by Wood to “Market Perform” on Friday, April 28. The stock of Prosperity Bancshares, Inc. (NYSE:PB) has “Underweight” rating given on Tuesday, January 5 by JP Morgan.

Prosperity Bancshares, Inc. is a financial holding company, which operates through its bank subsidiary, Prosperity Bank . The company has market cap of $4.46 billion. The Bank provides a range of financial services and products to small and medium-sized businesses and consumers. It has a 16.34 P/E ratio. The Company, through the Bank, offers a range of loan and deposit products to its customers.

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