Prosperity Bancshares, Inc. (PRSP) news stock charts
Prosperity Bancshares, Inc. (PRSP) Investment Summary:
Prosperity Bancshares, Inc. ®, a Texas corporation (the “Company”), was formed in 1983 as a vehicle to acquire the former Allied Bank in Edna, Texas which was chartered in 1949 as The First National Bank of Edna. The Company is a registered financial holding company that derives substantially all of its revenues and income from the operation of its bank subsidiary, Prosperity Bank® (“Prosperity Bank®” or the “Bank”). The Bank provides a broad line of financial products and services to small and medium-sized businesses and consumers. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f02%2f29%2f0001193125-08-043776.html#FIS_BUSINESS"www.prosperitybanktx.com
1,594 Employees
Founded in 1983
PROSPERITY BANCSHARES INC (PRSP:NASDAQ)
LAST $40.56 USD
CHANGE TODAY +0.34 0.85%
VOLUME 712.5K
As of 8:10 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of PROSPERITY BANCSHARES INC (PRSP)
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OPEN
$40.25
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PREVIOUS CLOSE
$40.22
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DAY HIGH
$40.61
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DAY LOW
$40.07
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52 WEEK HIGH
02/26/10 - $42.55
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52 WEEK LOW
03/25/09 - $25.60
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MARKET CAP
1.9B
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AVERAGE VOLUME 10 D
494.1K
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EPS TTM
$2.46
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SHARES OUTSTANDING
46.6M
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EX-DATE
03/17/10
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P/E TTM
16.5x
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DIVIDEND
$0.62
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DIVIDEND YIELD
1.44%
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| K = Thousands M = Millions B = Billions | ||
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Key developments for PROSPERITY BANCSHARES INC (PRSP)
Prosperity Bancshares Inc., Annual General Meeting, Apr 20, 2010
03/19/2010
Prosperity Bancshares Inc., Annual General Meeting, Apr 20, 2010, at 10:00 US Central Time. Location: East Lawn Board Room of Prosperity Bank, 80 Sugar Creek Center Boulevard, Sugar Land, TX 77478, United States. Agenda: To elect 4 directors of Class III to serve on the board of directors of the company until the company's 2013 annual meeting of shareholders, and each until their successors are duly elected and qualified or until their earlier resignation or removal; to ratify the appointment of Deloitte & Touche LLP as the independent registered public accounting firm of the Company for the year ending December 31, 2010; to consider a shareholder proposal to eliminate classification of terms of the board of directors of the company and require that all directors stand for election annually; and to transact such other business as may properly come before the meeting or any adjournment thereof.
Prosperity Bancshares Inc. added to S&P MidCap 400 Index
03/1/2010
Prosperity Bancshares Inc. added to S&P MidCap 400 Index
Prosperity Bancshares Inc. added to S&P Midcap 400 Sector Indices - Financials Sector Index
03/1/2010
Prosperity Bancshares Inc. added to S&P Midcap 400 Sector Indices - Financials Sector Index
Prosperity Bancshares, Inc. financial resources
PRSP Competitors
| Company | Last | Change |
| First Financial Bankshares Inc | $53.64 USD | +0.39 |
| International Bancshares Corp | $24.12 USD | -0.01 |
| NBT Bancorp Inc | $23.76 USD | +0.23 |
| UMB Financial Corp | $41.18 USD | +0.24 |
| United Bankshares Inc | $27.56 USD | +0.06 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | PRSP | Industry Range |
| Price/Earnings | 16.8x |
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| Price/Sales | 5.6x |
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| Price/Book | 1.4x |
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| Price/Cash Flow | 16.9x |
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| TEV/Sales | 4.4x |
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PRSP |
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PRSP transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent Financial News About Prosperity Bancshares, Inc.
Prosperity (PRSP) And First Financial (FFIN) Seen As Having Excellent Fundamentals, According To Industry Analyst
2010-03-12 03:47:46
Quote: Read article
Prosperity (PRSP) And First Financial (FFIN) Seen As Having Excellent Fundamentals, According To Industry Analyst
2010-03-11 01:46:40
Quote: Read article
Prosperity Bancshares, Inc.(R) to Present at Keefe, Bruyette, & Woods Regional Bank Conference
2010-03-01 02:33:42
Quote:  Management will be discussing highlights of the company's financial performance, operating results, corporate strategies, and economic environment.http://kbw.com/news/conference_bank2010_Webcast.htmlwww.prosperitybanktx.com.Prosperity Bancshares, Inc.®Prosperity Bancshares, Inc.®, an $8.9 billion Houston, Texashttp://www.prosperitybanktx.com, Retail Brokerage Services, MasterMoney Debit Cards, and 24 hour voice response banking. Prosperity currently operates one hundred fifty-eight (15...Read article
Standard & Poor's Announces Changes to U.S. Indices
2010-03-01 02:33:42
Quote: S&P  SMALLCAP 600 INDEX  –  February 26, 2010COMPANYGICS ECONOMIC SECTORGICS SUB-INDUSTRYADDEDInteractive IntelligenceInformation TechnologyApplication SoftwareDELETEDProsperity BancsharesFinancialsRegional BanksFor more information about S&P Indices, please visit www.standardandpoors.com/indices. About S&P IndicesS&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $...Read article
S&P to add Helmerich & Payne to S&P 500 Index
2010-02-26 08:42:32
Quote: in the S&P 500 Index on Friday as IMS is bought in a deal expected to close on or near the end of the week.Affiliates of TPG Capital LP and the Canada Pension Plan Investment Board plan to acquire IMS.Oil and gas drilling company Helmerich, which is a constituent of the S&P MidCap 400, will be replaced by Prosperity Bancshares Inc., a retail and commercial banker. Helmerich is based in Tulsa, Okla.Prosperity, a Houston-based member of the S&P SmallCap 600, will be replaced by Interac...Read article
PROSPERITY BANCSHARES INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
2010-02-25 09:28:24
Quote: Item 7.01 Regulation FD Disclosure.
On February 24, 2010, management of Prosperity Bancshares, Inc. (the "Company")
presented information regarding the Company's business and operational results
for the fourth quarter and year ending December 31, 2009 to investors at the
Keefe, Bruyette & Woods Regional Bank Conference in Boston. The slide
presentation given at this conference is furnished as Exhibit 99.1 to this
Current Report on Form 8-K. The foregoing description is qualified b...Read article
Standard & Poor's Announces Changes to U.S. Indices
2010-02-23 06:11:23
Quote: S&P  SMALLCAP 600 INDEX  –  February 26, 2010COMPANYGICS ECONOMIC SECTORGICS SUB-INDUSTRYADDEDInteractive IntelligenceInformation TechnologyApplication SoftwareDELETEDProsperity BancsharesFinancialsRegional BanksFor more information about S&P Indices, please visit www.standardandpoors.com/indices. About S&P IndicesS&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $...Read article
Prosperity Bancshares, Inc.(R) to Present at Keefe, Bruyette, & Woods Regional Bank Conference
2010-02-23 06:11:22
Quote:  Management will be discussing highlights of the company's financial performance, operating results, corporate strategies, and economic environment.http://kbw.com/news/conference_bank2010_Webcast.htmlwww.prosperitybanktx.com.Prosperity Bancshares, Inc.®Prosperity Bancshares, Inc.®, an $8.9 billion Houston, Texashttp://www.prosperitybanktx.com, Retail Brokerage Services, MasterMoney Debit Cards, and 24 hour voice response banking. Prosperity currently operates one hundred fifty-eight (15...Read article
S&P to add Helmerich & Payne to S&P 500 Index
2010-02-23 06:11:21
Quote: in the S&P 500 Index on Friday as IMS is bought in a deal expected to close on or near the end of the week.Affiliates of TPG Capital LP and the Canada Pension Plan Investment Board plan to acquire IMS.Oil and gas drilling company Helmerich, which is a constituent of the S&P MidCap 400, will be replaced by Prosperity Bancshares Inc., a retail and commercial banker. Helmerich is based in Tulsa, Okla.Prosperity, a Houston-based member of the S&P SmallCap 600, will be replaced by Interac...Read article
Prosperity Bank(R) to Acquire Texas Branches of First Bank
2010-02-22 04:53:26
Quote: 8 /PRNewswire-FirstCall/ -- Prosperity Bancshares, Inc.® (Nasdaq: PRSP) announced today the signing of a definitive agreement whereby Prosperity Bank® will acquire the nineteen (19) Texas retail bank branches of First Bank, a Missouri state-chartered bank. Prosperity Bank will pay a premium for approximately $500 million in deposits, as well as purchase approximately $100 million in loans and other assets attributable to the branches.First Bank's Texas locations are all in the Houston and ...Read article
Prosperity Bank(R) to Acquire Texas Branches of First Bank
2010-02-09 05:54:57
Quote: 8 /PRNewswire-FirstCall/ -- Prosperity Bancshares, Inc.® (Nasdaq: PRSP) announced today the signing of a definitive agreement whereby Prosperity Bank® will acquire the nineteen (19) Texas retail bank branches of First Bank, a Missouri state-chartered bank. Prosperity Bank will pay a premium for approximately $500 million in deposits, as well as purchase approximately $100 million in loans and other assets attributable to the branches.First Bank's Texas locations are all in the Houston and ...Read article
UPDATE - Prosperity Bank to buy First Bank's Texas branches
2010-02-09 05:54:56
Keywords: Banks (industry group),Financials,United States of America,Mergers and Acquisitions (including Changes of Ownership),Financial service providers,Debt,U.S. corporate debt,Business activities,Contract between 2 or more corporate entities,Credit Market News,
Quote: UPDATE 1-Prosperity Bank to buy First Bank's Texas branches
* To pay premium of 5.5 pct on deposits * Deal to expand its presence in Houston and Dallas Feb 8 (Reuters) - Prosperity Bancshares Inc (PRSP.O) said
it will acquire 19 Texas retail bank branches of First Bank, a
unit of First Banks Inc (FRBA.OB), to expand its business in
Houston and Dallas. The parent of Prosperity Bank said it will pay a premium of
5.5 percent for about $500 million in deposits at the Texas
branches of First Bank. Th...Read article
Prosperity seeks to become bigger Texas-based bank
2010-02-09 05:54:55
Quote: The bank is a subsidiary of Prosperity Bancshares Inc. (NASDAQ: PRSP).......Read article
First Bank to sell Texas branches to Prosperity Bank
2010-02-09 05:54:54
Quote: First Banks Inc., the parent company of First Bank, has reached a deal to sell its 19 Texas branches to Prosperity Bank, a subsidiary of Prosperity Bancshares Inc. in Houston, after an earlier deal fell through.Prosperity Bank plans to assume $500 million in deposits associated with First Bank’s 19 Texas retail branches, including certain commercial deposit relationships, for a premium of 5.5 percent.Prosperity Bank is also expected to buy $100 million in loans as well as certain other ass...Read article
PROSPERITY BANCSHARES INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
2010-02-09 05:54:52
Quote: Item 8.01 Other Events.
On February 8, 2010, Prosperity Bancshares, Inc. ("Prosperity") issued a press
release announcing that Prosperity Bank, a Texas banking association and wholly
owned subsidiary of Prosperity, entered into a definitive purchase and
assumption agreement to acquire approximately $500 million in deposits of the
nineteen Texas retail bank branches of First Bank, a Missouri state-chartered
bank. Prosperity will also purchase approximately $100 million in performing
Te...Read article
Dull Bank, Fair Price
2010-01-29 02:04:19
Keywords: U.S. Markets, U.S. Equities, Banking, Mortgages, Dividends
Quote: Read article
UPDATE - Prosperity Bancshares Q4 profit beats Street
2010-01-25 03:24:37
Keywords: Corporate Results,Corporate Results Forecasts,Banks (industry group),Financials,Banks,Financial service providers,U.S. corporate debt,Debt,Mortgage-backed securities,United States of America,Business activities,Banking services,Credit Market News,Company
Quote: UPDATE 2-Prosperity Bancshares Q4 profit beats Street* Q4 EPS $0.65 vs est $0.63 * Expects net charge-offs to stabilize * Net interest income, excluding provisions, up 25 pct * Provisions for loan losses up 42 pct(Adds conference call details, share movement) Jan 22 (Reuters) - Prosperity Bancshares Inc's (PRSP.O)
fourth-quarter profit topped analysts' estimates, helped by a
jump in net interest income, but provisions for credit losses
increased 42 percent. Net income for the quarter rose to $30...Read article
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