DA Davidson Has Negative Estimate for PB FY2025 Earnings

Prosperity Bancshares, Inc. (NYSE:PB - Free Report) - Stock analysts at DA Davidson dropped their FY2025 earnings estimates for Prosperity Bancshares in a research note issued on Thursday, April 24th. DA Davidson analyst P. Winter now expects that the bank will post earnings per share of $5.81 for the year, down from their prior forecast of $5.89. The consensus estimate for Prosperity Bancshares' current full-year earnings is $5.83 per share. DA Davidson also issued estimates for Prosperity Bancshares' FY2026 earnings at $6.44 EPS.

A number of other brokerages have also weighed in on PB. Royal Bank of Canada reduced their target price on shares of Prosperity Bancshares from $85.00 to $78.00 and set a "sector perform" rating for the company in a research note on Thursday. Morgan Stanley reduced their price objective on Prosperity Bancshares from $102.00 to $94.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Bank of America raised Prosperity Bancshares from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a research report on Tuesday, January 7th. Hovde Group reduced their price target on Prosperity Bancshares from $90.00 to $80.00 and set an "outperform" rating for the company in a research report on Friday. Finally, StockNews.com downgraded shares of Prosperity Bancshares from a "hold" rating to a "sell" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $83.23.

Prosperity Bancshares Stock Down 0.9 %

Prosperity Bancshares stock opened at $67.06 on Monday. The company has a 50 day moving average of $70.21 and a 200-day moving average of $75.35. Prosperity Bancshares has a twelve month low of $57.16 and a twelve month high of $86.76. The stock has a market capitalization of $6.39 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 0.94 and a beta of 0.82.

Prosperity Bancshares (NYSE:PB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.02. Prosperity Bancshares had a return on equity of 6.64% and a net margin of 26.79%. The business had revenue of $306.68 million during the quarter, compared to analyst estimates of $307.17 million.

Institutional Trading of Prosperity Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tidal Investments LLC raised its position in shares of Prosperity Bancshares by 5.7% in the third quarter. Tidal Investments LLC now owns 3,875 shares of the bank's stock valued at $279,000 after buying an additional 209 shares in the last quarter. Franklin Resources Inc. increased its stake in Prosperity Bancshares by 40.6% during the 3rd quarter. Franklin Resources Inc. now owns 34,411 shares of the bank's stock worth $2,509,000 after acquiring an additional 9,935 shares during the period. GAMMA Investing LLC raised its holdings in Prosperity Bancshares by 20.4% in the 4th quarter. GAMMA Investing LLC now owns 844 shares of the bank's stock valued at $64,000 after acquiring an additional 143 shares in the last quarter. First Hawaiian Bank lifted its position in shares of Prosperity Bancshares by 47.5% during the 4th quarter. First Hawaiian Bank now owns 4,612 shares of the bank's stock valued at $348,000 after acquiring an additional 1,485 shares during the period. Finally, ORG Partners LLC grew its holdings in shares of Prosperity Bancshares by 57.1% during the 4th quarter. ORG Partners LLC now owns 5,500 shares of the bank's stock worth $414,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company's stock.

Insider Transactions at Prosperity Bancshares

In other news, Director Ned S. Holmes sold 500 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $80.01, for a total value of $40,005.00. Following the completion of the sale, the director now owns 107,315 shares of the company's stock, valued at approximately $8,586,273.15. The trade was a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 5,500 shares of company stock worth $396,700 over the last quarter. Company insiders own 4.20% of the company's stock.

Prosperity Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.58 per share. The ex-dividend date is Friday, June 13th. This represents a $2.32 annualized dividend and a yield of 3.46%. Prosperity Bancshares's dividend payout ratio (DPR) is presently 44.19%.

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.

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