Prosperity Bancshares Inc

NYSE PB

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Prosperity Bancshares Inc Price to Book Ratio (P/B) on June 03, 2024: 0.82

Prosperity Bancshares Inc Price to Book Ratio (P/B) is 0.82 on June 03, 2024, a 2.67% change year over year. The price to book ratio compares the market price per share of a company's stock to its book value per share. It is calculated by dividing the market capitalization by the shareholders' equity minus treasury stock, divided by the number of outstanding shares. This ratio provides insights into how the market values a company relative to its book value. A ratio above 1 indicates the market values the company more than its book value, suggesting positive market sentiment.

Prosperity Bancshares Inc 52-week high Price to Book Ratio (P/B) is 0.91 on December 28, 2023, which is 10.85% above the current Price to Book Ratio (P/B).
Prosperity Bancshares Inc 52-week low Price to Book Ratio (P/B) is 0.66 on October 24, 2023, which is -19.62% below the current Price to Book Ratio (P/B).
Prosperity Bancshares Inc average Price to Book Ratio (P/B) for the last 52 weeks is 0.80.

NYSE: PB

Prosperity Bancshares Inc

CEO	Mr. David E. Zalman
IPO Date	Nov. 12, 1998
Location	United States
Headquarters	Prosperity Bank Plaza, Houston, TX, United States, 77027
Employees	3,901
Sector	Financial Services
Industry	Banks - regional

Description

Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts, as well as and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; term loans and lines of credit; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and purchase of equipment and machinery. In addition, it provides internet banking, mobile banking, trust and wealth management, retail brokerage, mortgage services, and treasury management, as well as debit and credit cards. The company was incorporated in 1983 and is headquartered in Houston, Texas.

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