Analyst Activity – Barclays PLC Initiates Coverage On Prosperity Bancshares (NYSE:PB) With a Buy

Analyst Ratings For Prosperity Bancshares (NYSE:PB)

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Today, Barclays PLC initiated coverage on Prosperity Bancshares (NYSE:PB) with a Buy with a price target of $72.00.

There are 10 hold ratings, 1 buy rating on the stock.

The current consensus rating on Prosperity Bancshares (NYSE:PB) is Hold (Score: 2.09) with a consensus target price of $69.50 per share, a potential 6.06% upside.

Some recent analyst ratings include

  • 8/3/2017-Barclays PLC initiated coverage with a Buy rating.
  • 7/27/2017-Keefe, Bruyette & Woods Reiterated Rating of Hold.
  • 7/14/2017-Piper Jaffray Companies Reiterated Rating of Hold.
  • 6/5/2017-Morgan Stanley Upgrade from a “Underweight ” rating to a ” Equal Weight” rating.
  • 5/19/2017-Wedbush Upgrade from a “Underperform ” rating to a ” Neutral” rating.

Dividend information for Prosperity Bancshares (NYSE:PB)

Prosperity Bancshares (NYSE:PB) pays an annual dividend of Community Ranking: with a yield of 2.08% and an average dividend growth of 23.00% based on a 3 Year Average.

Dividend History for Prosperity Bancshares (NYSE:PB)

  • On 7/26/2017 Prosperity Bancshares announced a quarterly dividend of $0.34 2.11% with an ex dividend date of 9/14/2017 which will be payable on 10/2/2017.
  • On 4/27/2017 Prosperity Bancshares announced a quarterly dividend of $0.34 1.97% with an ex dividend date of 6/14/2017 which will be payable on 7/3/2017.
  • On 1/26/2017 Prosperity Bancshares announced a quarterly dividend of $0.34 1.79% with an ex dividend date of 3/15/2017 which will be payable on 4/3/2017.
  • On 10/27/2016 Prosperity Bancshares announced a quarterly dividend of $0.34 2.44% with an ex dividend date of 12/14/2016 which will be payable on 1/3/2017.
  • On 7/28/2016 Prosperity Bancshares announced a quarterly dividend of $0.30 2.3% with an ex dividend date of 9/14/2016 which will be payable on 10/3/2016.
  • On 4/28/2016 Prosperity Bancshares announced a quarterly dividend of $0.30 2.3% with an ex dividend date of 6/15/2016 which will be payable on 7/1/2016.
  • On 1/28/2016 Prosperity Bancshares announced a quarterly dividend of $0.30 2.92% with an ex dividend date of 3/16/2016 which will be payable on 4/1/2016.

Recent Insider Trading Activity For Prosperity Bancshares (NYSE:PB)
Prosperity Bancshares (NYSE:PB) has insider ownership of 4.93% and institutional ownership of 75.51%.

  • On 6/29/2017 Robert H Steelhammer, Director, sold 4,000 with an average share price of $64.35 per share and the total transaction amounting to $257,400.00. View SEC Filing
  • On 5/24/2017 Robert H Steelhammer, Director, sold 10,000 with an average share price of $65.10 per share and the total transaction amounting to $651,000.00. View SEC Filing
  • On 12/22/2016 Leah Henderson, Director, sold 1,000 with an average share price of $72.74 per share and the total transaction amounting to $72,740.00. View SEC Filing
  • On 11/23/2016 Edward Z Safady, President, sold 5,000 with an average share price of $66.15 per share and the total transaction amounting to $330,750.00. View SEC Filing
  • On 11/18/2016 Michael Epps, Insider, sold 5,000 with an average share price of $63.90 per share and the total transaction amounting to $319,500.00. View SEC Filing
  • On 11/8/2016 Harrison Stafford II, Director, sold 2,000 with an average share price of $55.00 per share and the total transaction amounting to $110,000.00. View SEC Filing
  • On 10/31/2016 David Hollaway, CFO, sold 978 with an average share price of $55.56 per share and the total transaction amounting to $54,337.68. View SEC Filing

Recent Trading Activity for Prosperity Bancshares (NYSE:PB)
Shares of Prosperity Bancshares closed the previous trading session at 65.53 up +0.93 1.44% with 489,766 shares trading hands.

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