The firm has "Hold" rating given on Monday, October 16 by Keefe Bruyette & Woods. Prosperity Bancshares had 50 analyst reports since July 28, 2015 according to SRatingsIntel. Royal Bank of Canada reiterated a hold rating and issued a $71.00 target price on shares of Prosperity Bancshares in a research note on Friday, September 8th. SunTrust Banks reiterated a buy rating and issued a $73.00 target price on shares of Prosperity Bancshares in a research note on Monday, October 2nd. ValuEngine upgraded Prosperity Bancshares from a "hold" rating to a "buy" rating in a research note on Thursday, November 30th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Prosperity Bancshares now has an average rating of "Hold" and an average price target of $73.27.
Shares of Prosperity Bancshares (PB) traded up $1.50 during trading hours on Tuesday, reaching $74.35. The company's stock had a trading volume of 97,100 shares, compared to its average volume of 78,136. Prosperity Bancshares has a 52-week low of $55.84 and a 52-week high of $77.87. The stock has a market capitalization of $4,964.63, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 1.81 and a beta of 1.37. Prosperity Bancshares, Inc. (NYSE:PB) has risen 27.06% since January 10, 2017 and is uptrending. The bank reported $0.98 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.96 by $0.02. The firm had revenue of $184.96 million for the quarter, compared to analysts' expectations of $185.59 million. Prosperity Bancshares had a return on equity of 7.38% and a net margin of 34.79%.
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The shares of the company (DQ) staged the smart recovery as has roared back some 255.36% after stumbling to its new 52-weeks low. However, at one point, in the middle of the day, the price touched a high of $6.33 before it finally returned some of the gains.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Finally, Schwab Charles Investment Management Inc. lifted its stake in Live Oak Bancshares by 46.0% in the third quarter. This represents a $1.44 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Thursday, December 14th. Prosperity Bancshares's dividend payout ratio (DPR) is now 36.46%. PNC Financial Services Group Inc. grew its position in shares of Prosperity Bancshares by 8.3% in the second quarter. TD Asset Management Inc. now owns 23,200 shares of the bank's stock worth $1,490,000 after acquiring an additional 1,900 shares during the period. California Public Employees Retirement System lifted its stake in Live Oak Bancshares by 28.5% in the third quarter. Legal & General Group Plc now owns 73,909 shares of the bank's stock worth $4,748,000 after buying an additional 7,917 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Prosperity Bancshares by 17.4% during the second quarter. The Champlain Investment Partners Llc holds 1.85 million shares with $121.87 million value, up from 1.65 million last quarter. State Board of Administration of Florida Retirement System raised its stake in Prosperity Bancshares by 3.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,489 shares of the bank's stock valued at $160,000 after purchasing an additional 369 shares in the last quarter. Finally, Utah Retirement Systems bought a new position in Prosperity Bancshares in the second quarter worth approximately $780,000.
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Live Oak Bancshares, Inc. operates as the bank holding firm for the Live Oak Banking Company that provides various commercial banking services and products to individuals and businesses in North Carolina. The Bank is a commercial bank and a national online platform for small business lending. The firm provides retail banking services, including home loans, credit cards, personal loans, transaction accounts, and demand and term deposits through its Commonwealth Bank and Bankwest brands; and commercial products, such as business loans, equipment and trade finance, and rural and agribusiness products to firms, government entities, and other institutions.
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