Prosperity Bancshares, Inc. (PB) Shares Sold by Capital Advisors Inc. OK

Capital Advisors Inc. OK decreased its stake in Prosperity Bancshares, Inc. (NYSE:PB) by 17.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,571 shares of the bank’s stock after selling 3,200 shares during the period. Capital Advisors Inc. OK’s holdings in Prosperity Bancshares were worth $970,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its stake in Prosperity Bancshares by 5,839.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,642,789 shares of the bank’s stock worth $26,000 after purchasing an additional 1,615,129 shares during the period. First Mercantile Trust Co. boosted its stake in Prosperity Bancshares by 62.9% during the 4th quarter. First Mercantile Trust Co. now owns 570 shares of the bank’s stock worth $35,000 after purchasing an additional 220 shares during the period. Lavaca Capital LLC acquired a new stake in Prosperity Bancshares during the 4th quarter worth $104,000. Huntington National Bank boosted its stake in Prosperity Bancshares by 17.8% during the 4th quarter. Huntington National Bank now owns 1,728 shares of the bank’s stock worth $108,000 after purchasing an additional 261 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Prosperity Bancshares during the 3rd quarter worth $200,000. Institutional investors and hedge funds own 84.51% of the company’s stock.

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Shares of NYSE:PB opened at $73.36 on Friday. The firm has a market cap of $5.10 billion, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 1.78 and a beta of 1.37. Prosperity Bancshares, Inc. has a 1-year low of $57.01 and a 1-year high of $79.20.

Prosperity Bancshares (NYSE:PB) last announced its quarterly earnings data on Wednesday, January 30th. The bank reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.01. The company had revenue of $186.33 million during the quarter, compared to the consensus estimate of $188.17 million. Prosperity Bancshares had a net margin of 38.17% and a return on equity of 8.12%. Prosperity Bancshares’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 EPS. Analysts forecast that Prosperity Bancshares, Inc. will post 4.82 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be given a dividend of $0.41 per share. The ex-dividend date is Thursday, March 14th. This represents a $1.64 dividend on an annualized basis and a yield of 2.24%. Prosperity Bancshares’s payout ratio is currently 35.57%.

PB has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Prosperity Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, January 25th. Barclays cut shares of Prosperity Bancshares from an “overweight” rating to an “equal weight” rating and set a $71.00 price target for the company. in a research note on Thursday, January 10th. Stephens reiterated a “hold” rating and set a $76.00 price target on shares of Prosperity Bancshares in a research note on Wednesday. Hovde Group upgraded shares of Prosperity Bancshares from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research note on Wednesday, January 2nd. Finally, Robert W. Baird upgraded shares of Prosperity Bancshares from a “neutral” rating to an “outperform” rating in a research note on Thursday, October 25th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $74.29.

In other news, Vice Chairman H E. Timanus, Jr. acquired 5,000 shares of the business’s stock in a transaction on Monday, December 24th. The stock was bought at an average price of $57.65 per share, for a total transaction of $288,250.00. Following the transaction, the insider now owns 147,447 shares in the company, valued at $8,500,319.55. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.05% of the stock is currently owned by corporate insiders.

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About Prosperity Bancshares

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. The company also offers 1-4 family residential mortgage, commercial mortgage and multifamily residential, commercial and industrial, agricultural real estate, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; and consumer durables and home equity loans.

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