Prosperity Bancshares agrees to buy Stellar Bancorp for $2.0B in stock and cash [Seeking Alpha]
Prosperity Bancshares, Inc. (PB)
Last prosperity bancshares, inc. earnings: 4/29 06:30 am
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US:NYSE Investor Relations:
prosperitybankusa.com/press.aspx
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Source: Seeking Alpha
at ~$2.00B, creating Texas's second-largest bank by deposits, the companies said on Wednesday. Under the terms of the agreement, Prosperity ( PB ) will issue 0.3803 shares Quick Insights It enhances Prosperity's presence in the Houston area and creates Texas's second-largest bank by deposits with complementary geographic footprints and exposure to high-growth markets. Stellar shareholders receive 0.3803 Prosperity shares and $11.36 in cash per Stellar share, representing about a 20% premium to Stellar's prior closing price. Stellar stock rose 12%, while Prosperity Bancshares stock dropped 6.1% in premarket trading after the announcement. Recommended For You More Trending News
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News
- Q4 Earnings Outperformers: Prosperity Bancshares (NYSE:PB) And The Rest Of The Regional Banks Stocks [Yahoo! Finance]Yahoo! Finance
- 1 of Wall Street's Favorite Stock to Target This Week and 2 We Avoid [Yahoo! Finance]Yahoo! Finance
- 3 Reasons to Sell PB and 1 Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
- Assessing Prosperity Bancshares (PB) Valuation After Recent Share Price Pressure [Yahoo! Finance]Yahoo! Finance
- Prosperity Bancshares (PB) had its price target raised by Cantor Fitzgerald from $81.00 to $83.00. They now have an "overweight" rating on the stock.MarketBeat
PB
Earnings
- 1/28/26 - Beat
PB
Sec Filings
- 3/27/26 - Form SCHEDULE
- 3/25/26 - Form 4
- 3/19/26 - Form 144
- PB's page on the SEC website