Prosperity Bancshares: A Credit Safe Haven And Good Long-Term Buy [Seeking Alpha]
Prosperity Bancshares, Inc. (PB)
Last prosperity bancshares, inc. earnings: 4/29 06:30 am
Check Earnings Report
US:NYSE Investor Relations:
prosperitybankusa.com/press.aspx
Company Research
Source: Seeking Alpha
SummaryOne of the best credit profiles of any size bank in the United States.Management team is focused on both managing costs and limited credit exposures.Relatively compressed valuation opens the door to a once in a cycle buying opportunity.Investment ThesisWith $33 billion in assets, Prosperity Bancshares (PBThe most recent acquisition of LegacyTexas significantly enhances the PB footprint in Dallas and will help leverage the legacy company's excess core deposits into a faster-growing metroplex. While many investors were skeptical of the questionable LegacyTexas credit history, I do not believe the underwriting culture will significantly change and PB should remain a "credit quality safe haven" in the industry. At the same time, I also think PB will likely continue to be a consolidator of smaller, community banks over the next few years as a result of an impressive reputation and track record, strong stock price valuation and business line type focus on the effort.While PB is unlik
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PB
News
- PROSPERITY BANCSHARES, INC.® ANNOUNCES COMMON STOCK DIVIDENDPR Newswire
- Analysts Estimate Prosperity Bancshares (PB) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- Prosperity Bancshares, Inc. (NYSE: PB) had its "sector perform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $70.00 price target on the stock.MarketBeat
- Jacksonville woman retires after 50 years in banking [Yahoo! Finance]Yahoo! Finance
- Prosperity Bancshares (PB) Completes Lone Star Acquisition [Yahoo! Finance]Yahoo! Finance
PB
Earnings
- 1/24/24 - Miss
PB
Sec Filings
- 4/17/24 - Form 8-K
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- PB's page on the SEC website