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PB

Prosperity Bancshares

$71.60

0.33 (0.46%)

06:34
10/23/19
10/23
06:34
10/23/19
06:34

Prosperity Bancshares reports Q3 EPS $1.19, consensus $1.18

Reports Q3 book value per share $60.34. Reports Q3 CET1 capital ratio 16.68%. Reports Q3 net charge-offs 0.04%. "I am very excited with all that is going on at Prosperity. We had strong financial results in the third quarter, with net income of $81.758 million, return on average assets of 1.47% annualized and return on average tangible common equity of 14.77% annualized. We were pleased with the net interest margin on a tax equivalent basis of 3.16% for the third quarter 2019, compared with 3.15% for the same period in 2018 and 3.16% on a linked quarter basis for the second quarter 2019," said David Zalman, Prosperity's Chairman and CEO. "Additionally, our board of directors voted to increase the fourth quarter dividend to 46c per share, a 12.2% increase. Our company continues to perform well and we want to share that success with our shareholders," continued Zalman.

  • 23

    Oct

PB Prosperity Bancshares
$71.60

0.33 (0.46%)

06/18/19
RAJA
06/18/19
UPGRADE
RAJA
Market Perform
Prosperity Bancshares upgraded after merger announcement at Raymond James
Raymond James analyst Michael Rose upgraded Prosperity Bancshares (PB) to Market Perform from Underperform following the company's merger with LegacyTexas Financial (LTXB). In a research note to investors, Rose says the transaction provides meaningful scale in some of the most attractive markets in the country, and says he views the merger positively, as it combines LegacyTexas' loan growth engine with Prosperity's strong deposit base, all while maintaining a core Texas footprint.
06/18/19
06/18/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Bank of America (BAC) upgraded to Outperform from Market Perform at BMO Capital with analyst James Fotheringham expecting upward consensus estimates revisions and a "multiple re-rating" to drive 34% total return in the shares. 2. SunPower (SPWR), SunRun (RUN) upgraded to Buy from Neutral as SolarEdge (SEDG) upgraded to Neutral from Sell at Goldman Sachs with analyst Brian Lee anticipating "volume tailwinds" in the second half of 2019 given the recent signs of strength in the sector's financing environment. 3. CNH Industrial (CNHI) upgraded to Hold from Sell at Deutsche Bank with analyst Chad Dillard saying he's turning positive on North America large agriculture. 4. U.S. Cellular (USM), Telephone and Data (TDS) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Simon Flannery stating that he sees both stocks as "very attractively valued" with each down over 20% from their recent peak levels. 5. Prosperity Bancshares (PB) upgraded to Market Perform from Underperform at Raymond James with analyst Michael Rose saying the LegacyTexas Financial (LTXB) transaction provides meaningful scale in some of the most attractive markets in the country. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/19/19
RHCO
06/19/19
DOWNGRADE
Target $41
RHCO
Hold
LegacyTexas Financial downgraded after merger announcement at SunTrust
SunTrust analyst Michael Young downgraded LegacyTexas Financial (LTXB) to Hold from Buy and lowered his price target to $41 from $43 after the company's merger with Prosperity Bancshares (PB). The analyst says the rating change is a "realization" of his prior bullish investment thesis, as the company has built a commercial banking franchise with scale in the "highly desired" Dallas Fort Worth market. Young also sees the potential risk to the deal from a higher bid as "very unlikely".
09/24/19
MSCO
09/24/19
NO CHANGE
MSCO
Large-cap banks aren't gaining deposit market share, says Morgan Stanley
Morgan Stanley analyst Ken Zerbe said he continues to hear the "false narrative" that large-cap banks must be gaining market share due to their superior technology, but he insists they are not and that small and mid-cap banks have consistently gained deposit market share over the last five years. Individual large-cap banks that have had the biggest deposit share gains include Goldman Sachs (GS), Ally Financial (ALLY) and Synchrony Financial (SYF), while mid-cap banks that have delivered the biggest gains in share of total deposits include First Republic (FRC), KeyCorp (KEY) and Huntington (HBAN), Zerbe tells investors. Large-cap banks that have seen the largest declines in their respective individual shares of total deposits include JPMorgan (JPM), Wells Fargo (WFC) and Citigroup (C), while deposit share losers among mid-cap banks include Comerica (CMA), Prosperity Bancshares (PB) and Zions (ZION), said Zerbe.

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0.09 (0.14%)

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QSR

Restaurant Brands

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-0.15 (-0.22%)

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F

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$9.11

0.03 (0.33%)

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KSS

Kohl's

$56.48

-0.56 (-0.98%)

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DIS

Disney

$139.04

2.3 (1.68%)

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KHC

Kraft Heinz

$32.77

0.01 (0.03%)

10:25
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Options
Kraft Heinz call volume above normal and directionally bullish »

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RHHBY

Roche

$0.00

(0.00%)

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REPL

Replimune Group

$17.24

0.11 (0.64%)

10:25
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  • 12

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LH

LabCorp

$165.45

-0.29 (-0.17%)

10:23
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11/12
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10:23
Syndicate
Breaking Syndicate news story on LabCorp »

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CRWD

Crowdstrike

$47.57

1.39 (3.01%)

, TEVA

Teva

$9.36

0.03 (0.32%)

10:21
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Crowdstrike

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Teva

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AMRX

Amneal Pharmaceuticals

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0.05 (1.89%)

XRX

Xerox

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HP Inc.

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Applied Materials

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UCBJY

UCB

$0.00

(0.00%)

10:20
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AMRN

Amarin

$19.92

3.02 (17.87%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
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ARLO

Arlo Technologies

$2.84

0.18 (6.77%)

, CCC

Clarivate Analytics

$17.22

0.13 (0.76%)

10:16
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ARLO

Arlo Technologies

$2.84

0.18 (6.77%)

CCC

Clarivate Analytics

$17.22

0.13 (0.76%)

STOK

Stoke Therapeutics

$30.87

1.04 (3.49%)

BMRN

BioMarin

$75.96

0.72 (0.96%)

BIIB

Biogen

$291.50

-2.41 (-0.82%)

AMGN

Amgen

$223.35

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CTVA

Corteva

$27.06

0.32 (1.20%)

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  • 12

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CSX

CSX

$72.89

-1.04 (-1.41%)

, ETN

Eaton

$91.78

-0.09 (-0.10%)

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ARGO

Argo Group

$63.82

2.54 (4.14%)

, LYV

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$64.79

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2.54 (4.14%)

LYV

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RCII

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$23.13

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CRWD

Crowdstrike

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1.07 (2.32%)

TEVA

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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NYSE market internals summary »

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DIS

Disney

$138.17

1.43 (1.05%)

10:15
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Periodicals
Disney tells CNBC streaming service launch exceeds 'high expectations' »

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S

Sprint

$5.90

-0.01 (-0.17%)

10:15
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Options
Sprint put volume heavy and directionally bearish »

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  • 09

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