Sterne Agee CRT initiated the shares of PB in report on Thursday, August 20 with "Underperform" rating. After having $0.34 EPS previously, Live Oak Bancshares, Inc.'s analysts see -23.53% EPS growth.
Prosperity Bancshares (NYSE:PB) last issued its quarterly earnings data on Wednesday, October 25th. The bank reported $0.98 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.96 by $0.02. During the same quarter a year ago, the firm posted $0.99 earnings per share.
According to Zacks, analysts expect that Prosperity Bancshares will report full year sales of $185.43 million for the current year, with estimates ranging from $730.90 million to $741.60 million.
Among 6 analysts covering Live Oak Bancshares (NASDAQ:LOB), 5 have Buy rating, 0 Sell and 1 Hold.
Keefe, Bruyette & Woods reissued their hold rating on shares of Prosperity Bancshares (NYSE:PB) in a research note issued to investors on Friday, December 22nd. Barclays raised their target price on shares of Prosperity Bancshares from $72.00 to $79.00 and gave the company an "overweight" rating in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods now has a $79.00 target price on the bank's stock. SunTrust Banks reiterated a "buy" rating and issued a $77.00 target price on shares of Prosperity Bancshares in a research note on Wednesday, November 29th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. The company presently has a consensus rating of "Hold" and an average price target of $71.45.
Shares of Prosperity Bancshares (PB) traded up $1.50 during trading hours on Tuesday, reaching $74.35. The company had a trading volume of 658,200 shares, compared to its average volume of 481,145. The firm has a market capitalization of $650.43 million, a price-to-earnings ratio of 46.45 and a beta of -0.43.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be given a $0.36 dividend. The ex-dividend date of this dividend was Thursday, December 14th. PNC Financial Services Group Inc. grew its stake in shares of Prosperity Bancshares by 8.3% in the 2nd quarter.
Several large investors have recently added to or reduced their stakes in PB. Suntrust Banks Inc. grew its holdings in Prosperity Bancshares by 2.8% during the second quarter. PNC Financial Services Group Inc. now owns 2,424 shares of the bank's stock worth $156,000 after acquiring an additional 185 shares during the period. Suntrust Banks Inc. grew its position in shares of Prosperity Bancshares by 2.8% in 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. Jennison Associates LLC lifted its stake in Prosperity Bancshares by 7.0% 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, State Board of Administration of Florida Retirement System lifted its stake in Prosperity Bancshares by 3.7% in the second quarter.
ILLEGAL ACTIVITY WARNING: "Prosperity Bancshares (PB) Stock Rating Reaffirmed by Piper Jaffray Companies" was originally reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & worldwide trademark and copyright laws.
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 firm also offers commercial loans comprising secured and unsecured loans for working capital, business expansion, and purchase of equipment and machinery; consumer loans consisting of equity lines of credit, and secured and unsecured loans for financing automobiles, home improvements, education, and personal investments; and real estate construction and acquisition loans.