Prosperity Bancshares, Inc. Buyback
OLI recorded this information on 1/27/2016
Company:
Prosperity Bancshares, Inc.
Buyback:
PB buyback
Share Amount Authorized:
3,540,000
Buyback Details:
Prosperity Bancshares, Inc. ("Prosperity") (NYSE: PB), the parent company of Prosperity Bank, today announced that its Board of Directors authorized a stock repurchase program under which up to 5% or approximately 3.54 million shares of its outstanding common stock may be acquired over the next twelve months at the discretion of management.
Prosperity Bancshares is a financial holding company. Through its subsidiary, Co. provides financial products and services to businesses and consumers. Co. provides commercial real estate (including farmland and multifamily residential), one-to-four family residential (including home equity) and construction, land development and other land loans. Co. is engaged in commercial and industrial lending providing commercial loans. Co. also provides agricultural loans, loans for automobiles and other consumer durables, home equity loans, debit and credit cards, digital banking solutions, trust and wealth management, retail brokerage services, mortgage services and treasury management.
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Avg. Broker Rec.
  
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Buy (2.56 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: PB Stock Forecast Based on Zacks ABR data; powered by Xignite |
