Prosperity Bancshares, Inc. (NYSE:PB) is reporting third quarter earnings results on Wednesday 28th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.29 per share.
For the full year, analysts predict revenues of $ 1136.82 million, while looking forward to income of $ 5.39 per share.
Previous Quarter Performance
Prosperity Bancshares, Inc. unfold income for the second quarter of $ 1.28 per share, from the revenue of $ 284.63 million. The quarterly earnings 8.47 percent compared with the same quarter last year. Street analysts expected Prosperity Bancshares, Inc. to report income of $ 1.15 per share on revenue of $ 279.70 million for the second quarter. The bottom line results beat street analysts by $ 0.13 or 11.30 percent, at the same time, top line results outshined analysts by $ 4.93 million or 1.76 percent.
Stock Performance
Shares of Prosperity Bancshares, Inc. traded low $ -2.23 or -3.88 percent on Tuesday, reaching $ 55.26 with volume of 597.20 thousand shares. Prosperity Bancshares, Inc. has traded high as $ 57.45 and has cracked $ 55.19 on the downward trend
According to the previous trading day, closing price of $ 55.26, representing a 36.82 % increase from the 52 week low of $ 42.02 and a 23.57 % decrease over the 52 week high of $ 75.22.
The company has a market capital of $ 5.12 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 30th September 2020, maintained by Piper Sandler at Overweight rating, with $ 60.50 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.46 per share on July 29, 2020. The dividend were payable on October 1, 2020 to holders of record as of the close of business on September 15, 2020 and ex-dividend date on September 14, 2020.
Conference Call
Prosperity Bancshares, Inc. will be hosting a conference call at 11:30 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.prosperitybankusa.com
Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides retail and commercial banking services to small and medium-sized businesses, and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts.
