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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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AUPH

Aurinia Pharmaceuticals

$15.76

0.31 (2.01%)

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GDI

Gardner Denver

$33.90

-0.19 (-0.56%)

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GDI

Gardner Denver

$33.90

-0.19 (-0.56%)

19:56
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DTCWY

Deutsche Wohnen

$0.00

(0.00%)

19:50
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Deutsche Wohnen rating change at Goldman Sachs »

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SEGXF

Segro

$0.00

(0.00%)

19:49
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Segro rating change at Goldman Sachs »

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BORR

Borr Drilling

$6.60

0.46 (7.49%)

19:30
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12/09
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Initiation
Borr Drilling initiated at Goldman Sachs »

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INSG

Inseego

$6.89

-0.05 (-0.72%)

19:26
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FTSV

Forty Seven

$30.44

16.04 (111.39%)

19:25
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  • 09

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ARQL

ArQule

$19.71

10.035 (103.77%)

19:25
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  • 09

    Dec

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    Dec

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    Dec

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    Dec

XNCR

Xencor

$41.41

0.39 (0.95%)

19:25
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Xencor to host analyst & investor meeting »

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  • 09

    Dec

  • 09

    Dec

ABR

Arbor Realty

$14.78

(0.00%)

19:20
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Arbor Realty 6.5M share Spot Secondary priced at $14.14 »

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  • 10

    Dec

STRM

Streamline Health

$1.25

-0.04 (-3.10%)

18:59
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NLOK

NortonLifeLock

$25.43

-0.02 (-0.08%)

, INTC

Intel

$56.52

-0.28 (-0.49%)

18:55
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McAfee weighs combination with NortonLifeLock, WSJ reports »

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$25.43

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INTC

Intel

$56.52

-0.28 (-0.49%)

AVGO

Broadcom

$314.49

-1.68 (-0.53%)

03/08/13
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  • 09

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  • 23

    Jan

TGTX

TG Therapeutics

$9.28

2.17 (30.52%)

18:55
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TG Therapeutics to host investor & analyst meeting »

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  • 09

    Dec

NTNX

Nutanix

$33.87

-0.725 (-2.10%)

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  • 09

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    Dec

SFIX

Stitch Fix

$25.17

1.04 (4.31%)

, MDB

MongoDB

$131.03

-0.19 (-0.14%)

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Stitch Fix

$25.17

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MongoDB

$131.03

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PHR

Phreesia

$29.01

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CDMO

Avid Bioservices

$5.85

0.05 (0.86%)

MTN

Vail Resorts

$231.30

-1.43 (-0.61%)

TOL

Toll Brothers

$41.40

0.515 (1.26%)

EQ

Equillium

$4.00

-0.03 (-0.74%)

SUPN

Supernus

$22.69

-0.145 (-0.63%)

A

Agilent

$81.68

-0.545 (-0.66%)

HEPA

Hepion Pharmaceuticals

$5.61

0.4 (7.68%)

ROAD

Construction Partners

$20.56

0.66 (3.32%)

CASY

Casey's General Stores

$175.33

-0.47 (-0.27%)

CHWY

Chewy

$24.17

-0.76 (-3.05%)

LVGO

Livongo Health

$27.40

-0.6 (-2.14%)

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  • 09

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  • 18

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    Dec

BLUE

Bluebird Bio

$76.72

-2.79 (-3.51%)

, BMY

Bristol-Myers

$61.32

1.38 (2.30%)

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$76.72

-2.79 (-3.51%)

BMY

Bristol-Myers

$61.32

1.38 (2.30%)

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  • 09

    Dec

  • 11

    Dec

BA

Boeing

$351.25

-2.74 (-0.77%)

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  • 10

    Dec

OXY

Occidental Petroleum

$37.34

-0.07 (-0.19%)

18:21
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Occidental Petroleum director buys 12.9K shares of common stock »

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  • 09

    Dec

OXY

Occidental Petroleum

$37.34

-0.07 (-0.19%)

18:14
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Occidental Petroleum director buys 10K shares of common stock »

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  • 09

    Dec

EDIT

Editas Medicine

$30.34

-0.6 (-1.94%)

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