DA Davidson Issues Optimistic Estimate for PB Earnings

Prosperity Bancshares, Inc. (NYSE:PB) – DA Davidson lifted their FY2025 earnings estimates for Prosperity Bancshares in a research note issued on Thursday, January 30th. DA Davidson analyst P. Winter now expects that the bank will earn $5.84 per share for the year, up from their previous forecast of $5.79. DA Davidson has a “Neutral” rating and a $78.00 price target on the stock. The consensus estimate for Prosperity Bancshares’ current full-year earnings is $5.78 per share. DA Davidson also issued estimates for Prosperity Bancshares’ FY2026 earnings at $6.43 EPS.

PB has been the topic of a number of other research reports. Wedbush reiterated an “outperform” rating and issued a $90.00 price target on shares of Prosperity Bancshares in a research report on Thursday, October 24th. StockNews.com upgraded Prosperity Bancshares from a “sell” rating to a “hold” rating in a report on Friday. Bank of America upgraded shares of Prosperity Bancshares from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a report on Tuesday, January 7th. Wolfe Research reaffirmed a “peer perform” rating on shares of Prosperity Bancshares in a research note on Thursday, December 5th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $77.00 target price on shares of Prosperity Bancshares in a research note on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $82.88.

Prosperity Bancshares Trading Down 0.4 %

Shares of PB stock opened at $79.96 on Monday. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 1.12 and a beta of 0.93. The business’s 50-day moving average price is $78.68 and its 200-day moving average price is $75.16. Prosperity Bancshares has a 12 month low of $57.16 and a 12 month high of $86.75.

Prosperity Bancshares (NYSE:PB) last issued its quarterly earnings data on Wednesday, January 29th. The bank reported $1.37 EPS for the quarter, beating 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 Trading of Prosperity Bancshares

Large investors have recently modified their holdings of the business. Blue Trust Inc. lifted its holdings in shares of Prosperity Bancshares by 14.9% during the 4th quarter. Blue Trust Inc. now owns 987 shares of the bank’s stock worth $71,000 after acquiring an additional 128 shares during the last quarter. GAMMA Investing LLC lifted its stake in Prosperity Bancshares by 20.4% during the fourth quarter. GAMMA Investing LLC now owns 844 shares of the bank’s stock worth $64,000 after purchasing an additional 143 shares during the last quarter. M&T Bank Corp lifted its stake in Prosperity Bancshares by 0.3% during the third quarter. M&T Bank Corp now owns 45,392 shares of the bank’s stock worth $3,272,000 after purchasing an additional 149 shares during the last quarter. US Bancorp DE lifted its position in Prosperity Bancshares by 3.4% in the 3rd quarter. US Bancorp DE now owns 4,720 shares of the bank’s stock worth $340,000 after buying an additional 153 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its position in Prosperity Bancshares by 3.8% in the 4th quarter. Sanctuary Advisors LLC now owns 5,359 shares of the bank’s stock worth $430,000 after buying an additional 194 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

Insider Buying and Selling

In other news, Director Ned S. Holmes sold 500 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $81.44, for a total value of $40,720.00. Following the completion of the transaction, the director now directly owns 113,815 shares of the company’s stock, valued at $9,269,093.60. This trade represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harrison Stafford II sold 4,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $80.07, for a total value of $320,280.00. Following the completion of the transaction, the director now owns 107,137 shares of the company’s stock, valued at approximately $8,578,459.59. This represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,100 shares of company stock valued at $1,236,104. 4.28% of the stock is owned by company insiders.

Prosperity Bancshares Announces Dividend

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

Prosperity Bancshares Company Profile

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.