The Online Investor

Slideshow Stock Buybacks

By The Online Investor Staff, updated Mon., Jan. 24, 10:55 AM

Slide #5. Prosperity Bancshares, Inc.

Company: Prosperity Bancshares, Inc. (NYSE:PB)
Share Amount Authorized: 4,600,000
Buyback Details: Prosperity Bancshares, Inc.(the "Company") (NYSE:PB), the parent company of Prosperity Bank, today announced that its Board of Directors authorized a stock repurchase program under which the Company may repurchase up to 5%, or approximately 4.6 million shares, of its outstanding common stock over a one-year period expiring on January 18, 2023, at the discretion of management.

Prosperity Bancshares is a financial holding company, engaged in providing a variety of financial products and services to businesses and consumers throughout Texas and Oklahoma. Co. is a real estate lender with commercial real estate (including multifamily residential), one-to-four family residential and construction, land development and other land loans. Co. also provides agricultural loans, loans for automobiles and other consumer durables, home equity loans, debit and credit cards, internet banking and other cash management services, mobile banking, trust and wealth management, retail brokerage services, mortgage banking services and automated telephone banking.

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Company Name: 
Prosperity Bancshares Inc.
Stock buyback: 
PB buyback
Website: 
www.prosperitybankusa.com
Sector: 
Banking & Savings
Number of ETFs Holding PB: 
81
Total Market Value Held by ETFs: 
$1.45B
Total Market Capitalization: 
$6.99B
% of Market Cap. Held by ETFs: 
20.79%
 

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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

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