Prosperity Bancshares Is Set to Acquire Stellar Bank. Here's What Investors Need to Know. [Yahoo! Finance]
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: Yahoo! Finance
Bancorp (NYSE: STEL) , creating a $54 billion-asset bank with a strong presence in the fast-growing Houston, Texas market. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Prosperity Bancshares will pay roughly $2 billion to acquire Stellar in a part-cash, part-stock transaction, with 70% of the value in stock. The total purchase has an implied value of $39.08 per Stellar share. Stellar shares traded roughly 12% higher, as of this writing. Two directors from Stellar's board of directors will also be added to Prosperity's board, and key Stellar executives will be retained. The pro forma bank will have the number one deposit market share in Beaumont County and the number five deposit market share in Houston. Stellar also brings a significant amount of commercial real estate and commercial and industrial loans to Prosperity, which has a large residential mortgage
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News
- Prosperity Bancshares (NYSE:PB) was downgraded by analysts at Janney Montgomery Scott from a "buy" rating to a "neutral" rating.MarketBeat
- PROSPERITY BANCSHARES, INC.® COMPLETES MERGER WITH SOUTHWEST BANCSHARES, INC. [Yahoo! Finance]Yahoo! Finance
- PROSPERITY BANCSHARES, INC.® COMPLETES MERGER WITH SOUTHWEST BANCSHARES, INC.PR Newswire
- Prosperity Bancshares (NYSE:PB) had its "neutral" rating reaffirmed by analysts at Citigroup Inc..MarketBeat
- Prosperity Bancshares (NYSE:PB) was downgraded by analysts at Barclays PLC from an "equal weight" rating to an "underweight" rating.MarketBeat
PB
Earnings
- 1/28/26 - Beat
PB
Sec Filings
- 2/5/26 - Form 4
- 2/2/26 - Form 8-K
- 1/29/26 - Form 4
- PB's page on the SEC website