Prosperity Bancshares, Inc.® Reports Third Quarter 2018 Earnings

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Prosperity Bancshares (PB) PT Lowered to $68 at Piper Jaffray

October 25, 2018 7:53 AM EDT

Piper Jaffray analyst Brett Rabatin lowered the price target on Prosperity Bancshares (NYSE: PB) to $68.00 (from $74.50) while maintaining a Neutral rating. Piper Jaffray decreased FY19 EPS estimate to $4.81 (-$0.16) and FY20 EPS to $5.25 (-$0.26). The primary driver to the estimate reduction is a... More

Prosperity Bancshares (PB) PT Lowered to $69 at RBC Capital

October 25, 2018 7:29 AM EDT

RBC Capital analyst Jon G. Arfstrom lowered the price target on Prosperity Bancshares (NYSE: PB) to $69.00 (from $76.00) while maintaining a Sector Perform rating.

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Prosperity Bancshares (PB) Reports In-Line Q3 EPS

October 24, 2018 6:34 AM EDT

Prosperity Bancshares (NYSE: PB) reported Q3 EPS of $1.18, in-line with the analyst estimate of $1.18. Revenue for the quarter came in at $0 versus the consensus estimate of $190.47 million.

"We are pleased to announce that Prosperity will increase its quarterly dividend for the fourth quarter of 2018 to $0.41 per share from $0.36 per share, a 13.9% increase. Prosperity shareholders have enjoyed a 13% compounded annual growth rate in dividends from 2003-2017. We will continue striving to build... More