What is DA Davidson’s Forecast for PB Q1 Earnings?

Prosperity Bancshares, Inc. (NYSE:PB) – Analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of Prosperity Bancshares in a research report issued on Thursday, January 30th. DA Davidson analyst P. Winter expects that the bank will post earnings of $1.34 per share for the quarter. DA Davidson has a “Neutral” rating and a $78.00 price objective on the stock. The consensus estimate for Prosperity Bancshares’ current full-year earnings is $5.78 per share.

Several other analysts also recently commented on PB. Wedbush restated an “outperform” rating and issued a $90.00 target price on shares of Prosperity Bancshares in a research note on Thursday, October 24th. Wolfe Research reissued a “peer perform” rating on shares of Prosperity Bancshares in a research note on Thursday, December 5th. StockNews.com raised Prosperity Bancshares from a “sell” rating to a “hold” rating in a research report on Friday. Stephens lifted their price target on shares of Prosperity Bancshares from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Barclays upped their price objective on shares of Prosperity Bancshares from $84.00 to $88.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.88.

Prosperity Bancshares Price Performance

NYSE PB opened at $79.96 on Friday. Prosperity Bancshares has a one year low of $57.16 and a one year high of $86.75. The business has a 50 day simple moving average of $78.68 and a 200 day simple moving average of $75.07. The stock has a market capitalization of $7.62 billion, a P/E ratio of 15.80, a P/E/G ratio of 1.12 and a beta of 0.93.

Prosperity Bancshares (NYSE:PB) last posted its quarterly earnings data on Wednesday, January 29th. The bank reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.04. Prosperity Bancshares had a net margin of 26.79% and a return on equity of 6.68%.

Institutional Investors Weigh In On Prosperity Bancshares

Institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its stake in Prosperity Bancshares by 7.2% in the second quarter. Envestnet Asset Management Inc. now owns 47,395 shares of the bank’s stock worth $2,898,000 after purchasing an additional 3,175 shares during the period. Bank of Montreal Can boosted its holdings in shares of Prosperity Bancshares by 3.4% during the 2nd quarter. Bank of Montreal Can now owns 15,425 shares of the bank’s stock valued at $946,000 after buying an additional 506 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Prosperity Bancshares by 0.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 83,001 shares of the bank’s stock worth $5,075,000 after buying an additional 582 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Prosperity Bancshares by 135.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,480 shares of the bank’s stock worth $641,000 after acquiring an additional 6,022 shares in the last quarter. Finally, Quarry LP lifted its position in Prosperity Bancshares by 533.3% during the 2nd quarter. Quarry LP now owns 494 shares of the bank’s stock valued at $30,000 after acquiring an additional 416 shares during the period. 80.69% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Chairman H E. Timanus, Jr. sold 4,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $86.50, for a total value of $346,000.00. Following the completion of the sale, the chairman now owns 229,953 shares of the company’s stock, valued at approximately $19,890,934.50. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ned S. Holmes sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $79.92, for a total value of $39,960.00. Following the transaction, the director now owns 107,815 shares in the company, valued at approximately $8,616,574.80. The trade was a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,100 shares of company stock valued at $1,236,104 in the last quarter. Corporate insiders own 4.28% of the company’s stock.

Prosperity Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.58 per share. The ex-dividend date is Friday, March 14th. This represents a $2.32 annualized dividend and a yield of 2.90%. Prosperity Bancshares’s payout ratio is presently 45.85%.

About Prosperity Bancshares

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.