Trust Department MB Financial Bank N A cut its holdings in Prosperity Bancshares, Inc. (NYSE:PB) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 123,183 shares of the bank’s stock after selling 5,386 shares during the quarter. Trust Department MB Financial Bank N A’s holdings in Prosperity Bancshares were worth $8,631,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in shares of Prosperity Bancshares by 8.3% during the second quarter. PNC Financial Services Group Inc. now owns 2,424 shares of the bank’s stock valued at $156,000 after acquiring an additional 185 shares in the last quarter. Suntrust Banks Inc. increased its holdings in shares of Prosperity Bancshares by 2.8% during the second quarter. Suntrust Banks Inc. now owns 7,466 shares of the bank’s stock valued at $479,000 after acquiring an additional 204 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Prosperity Bancshares by 17.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,489 shares of the bank’s stock valued at $160,000 after acquiring an additional 369 shares in the last quarter. North Star Asset Management Inc. increased its holdings in shares of Prosperity Bancshares by 0.9% during the second quarter. North Star Asset Management Inc. now owns 85,230 shares of the bank’s stock valued at $5,475,000 after acquiring an additional 757 shares in the last quarter. Finally, Pinebridge Investments L.P. increased its holdings in shares of Prosperity Bancshares by 2.2% during the second quarter. Pinebridge Investments L.P. now owns 37,269 shares of the bank’s stock valued at $2,393,000 after acquiring an additional 799 shares in the last quarter. 76.68% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on PB shares. ValuEngine downgraded Prosperity Bancshares from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Keefe, Bruyette & Woods restated a “hold” rating and set a $79.00 price objective on shares of Prosperity Bancshares in a report on Friday, December 22nd. SunTrust Banks restated a “buy” rating and set a $77.00 price objective on shares of Prosperity Bancshares in a report on Wednesday, November 29th. Zacks Investment Research upgraded Prosperity Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Barclays upped their price target on Prosperity Bancshares from $72.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $73.27.

Shares of Prosperity Bancshares, Inc. (NYSE:PB) traded up $0.63 during trading on Tuesday, reaching $74.98. The company had a trading volume of 554,500 shares, compared to its average volume of 490,567. Prosperity Bancshares, Inc. has a 1-year low of $55.84 and a 1-year high of $77.87. The company has a market capitalization of $5,209.91, a P/E ratio of 18.98, a P/E/G ratio of 1.60 and a beta of 1.37.

Prosperity Bancshares (NYSE:PB) last announced its quarterly earnings results on Wednesday, October 25th. The bank reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.02. Prosperity Bancshares had a return on equity of 7.38% and a net margin of 34.79%. The business had revenue of $184.96 million during the quarter, compared to the consensus estimate of $185.59 million. During the same quarter in the prior year, the company posted $0.99 earnings per share. sell-side analysts expect that Prosperity Bancshares, Inc. will post 3.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.44 annualized dividend and a yield of 1.92%. This is an increase from Prosperity Bancshares’s previous quarterly dividend of $0.34. Prosperity Bancshares’s dividend payout ratio is 36.46%.

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About Prosperity Bancshares

Prosperity Bancshares, Inc is a financial holding company, which operates through its bank subsidiary, Prosperity Bank (the Bank). The Bank provides a range of financial products and services to small and medium-sized businesses and consumers. The Company, through the Bank, offers a range of loan and deposit products to its customers.

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Institutional Ownership by Quarter for Prosperity Bancshares (NYSE:PB)

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