In today’s session Prosperity Bancshares, Inc. (PB) registered an unusually high (300) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious PB increase. With 300 contracts traded and 2834 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: PB161216C00055000 closed last at: $2.25 or 15.4% up. About 84,461 shares traded hands. Prosperity Bancshares, Inc. (NYSE:PB) has risen 24.65% since April 7, 2016 and is uptrending. It has outperformed by 19.86% the S&P500.
Prosperity Bancshares, Inc. (NYSE:PB) Ratings Coverage
Out of 11 analysts covering Prosperity Bancshares (NYSE:PB), 6 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 55% are positive. Prosperity Bancshares has been the topic of 22 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock has “Underperform” rating given by Bank of America on Tuesday, January 12. On Thursday, January 28 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Sterne Agee CRT upgraded Prosperity Bancshares, Inc. (NYSE:PB) on Wednesday, August 26 to “Underperform” rating. As per Thursday, April 28, the company rating was maintained by RBC Capital Markets. The firm has “Outperform” rating by Raymond James given on Monday, May 9. The stock of Prosperity Bancshares, Inc. (NYSE:PB) earned “Underweight” rating by JP Morgan on Tuesday, January 5. As per Thursday, June 9, the company rating was upgraded by Evercore. As per Wednesday, June 29, the company rating was upgraded by Hovde Group. The rating was initiated by Wedbush on Friday, October 7 with “Neutral”. The rating was maintained by FBR Capital on Tuesday, July 28 with “Mkt Perform”.
According to Zacks Investment Research, “Prosperity Bancshares is a registered bank holding Company that derives substantially all of its revenues and income from the operation of First Prosperity Bank. The Bank is a full service bank that provides a broad line of financial products and services to small and medium sized businesses and consumers through full-service banking locations, three of which are located in the greater Houston metropolitan area.”
Prosperity Bancshares, Inc. is a financial holding company. The company has a market cap of $3.95 billion. The Firm operates through its bank subsidiary, Prosperity Bank . It has a 14.52 P/E ratio. The Bank provides a range of financial services and products to small and medium-sized businesses and consumers.
PB Company Profile
Prosperity Bancshares, Inc., incorporated on December 22, 1983, is a financial holding company. The Firm operates through its bank subsidiary, Prosperity Bank (the Bank). The Bank provides a range of financial services and products to small and medium-sized businesses and consumers. The Bank operates approximately 240 full service banking locations; 60 in the Houston area, including The Woodlands; 30 in the South Texas area, including Corpus Christi and Victoria; 40 in the Dallas/Fort Worth area; 20 in the East Texas area; 30 in the Central Texas area, including Austin and San Antonio; 30 in the West Texas area, including Lubbock, Midland-Odessa and Abilene; 20 in the Bryan/College Station area; six in the Central Oklahoma area, and eight in the Tulsa, Oklahoma area. The Company’s additional services and products include trust services, brokerage, mortgage lending, credit card and independent sales organization (ISO) sponsorship operations. The Firm also has a trust department, which provides trust services in the Company’s various market areas.
More notable recent Prosperity Bancshares, Inc. (NYSE:PB) news were published by: Prnewswire.com which released: “Prosperity Bancshares, Inc.® Releases Results Of 2016 Dodd-Frank Act Stress Test” on October 27, 2016, also Prnewswire.com with their article: “Prosperity Bancshares, Inc.® Completes Merger With Tradition Bancshares, Inc.” published on January 04, 2016, Seekingalpha.com published: “Can Prosperity Bancshares Build Value Outside Of M&A?” on November 04, 2016. More interesting news about Prosperity Bancshares, Inc. (NYSE:PB) were released by: Prnewswire.com and their article: “Prosperity Bancshares, Inc.® To Acquire Tradition Bancshares, Inc. In Houston …” published on August 06, 2015 as well as Prnewswire.com‘s news article titled: “Prosperity Bancshares, Inc.® Announces Management Changes” with publication date: May 14, 2015.
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