FY2026 Earnings Estimate for Prosperity Bancshares, Inc. Issued By Wedbush (NYSE:PB)

Prosperity Bancshares, Inc. (NYSE:PB) – Investment analysts at Wedbush issued their FY2026 EPS estimates for Prosperity Bancshares in a research note issued to investors on Tuesday, September 24th. Wedbush analyst D. Chiaverini expects that the bank will post earnings of $6.35 per share for the year. Wedbush currently has a “Outperform” rating and a $90.00 target price on the stock. The consensus estimate for Prosperity Bancshares’ current full-year earnings is $5.06 per share.

Other research analysts have also issued research reports about the company. Royal Bank of Canada boosted their price target on Prosperity Bancshares from $70.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 25th. Piper Sandler increased their price objective on shares of Prosperity Bancshares from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Truist Financial cut Prosperity Bancshares from a “buy” rating to a “hold” rating and dropped their target price for the stock from $81.00 to $79.00 in a report on Friday, September 20th. Hovde Group increased their price target on Prosperity Bancshares from $80.50 to $82.50 and gave the company an “outperform” rating in a research note on Monday, August 26th. Finally, Morgan Stanley raised Prosperity Bancshares from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $75.00 to $86.00 in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.04.

Prosperity Bancshares Trading Down 1.4 %

Shares of NYSE PB opened at $71.37 on Wednesday. Prosperity Bancshares has a 12-month low of $49.60 and a 12-month high of $74.87. The company has a market cap of $6.80 billion, a PE ratio of 16.44, a P/E/G ratio of 1.49 and a beta of 0.90. The stock has a 50 day simple moving average of $71.52 and a 200-day simple moving average of $65.25.

Prosperity Bancshares (NYSE:PB) last posted its earnings results on Wednesday, July 24th. The bank reported $1.22 EPS for the quarter, topping the consensus estimate of $1.20 by $0.02. Prosperity Bancshares had a net margin of 25.10% and a return on equity of 6.32%. The firm had revenue of $458.95 million during the quarter, compared to analysts’ expectations of $290.06 million. During the same quarter in the prior year, the firm earned $1.21 EPS.

Prosperity Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be paid a $0.56 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.24 dividend on an annualized basis and a yield of 3.14%. Prosperity Bancshares’s dividend payout ratio is currently 51.61%.

Institutional Trading of Prosperity Bancshares

A number of hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new stake in shares of Prosperity Bancshares during the fourth quarter valued at approximately $409,000. Norges Bank purchased a new stake in Prosperity Bancshares in the 4th quarter worth about $64,749,000. PNC Financial Services Group Inc. boosted its position in Prosperity Bancshares by 10.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,855 shares of the bank’s stock worth $261,000 after acquiring an additional 355 shares during the period. Trexquant Investment LP grew its stake in Prosperity Bancshares by 485.2% during the 4th quarter. Trexquant Investment LP now owns 23,989 shares of the bank’s stock valued at $1,625,000 after acquiring an additional 19,890 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Prosperity Bancshares by 835.9% in the 4th quarter. Parallel Advisors LLC now owns 730 shares of the bank’s stock valued at $49,000 after purchasing an additional 652 shares during the period. 80.69% of the stock is owned by hedge funds and other institutional investors.

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.