DA Davidson Has Optimistic Outlook of PB FY2025 Earnings

Prosperity Bancshares, Inc. (NYSE:PB - Free Report) - Analysts at DA Davidson raised their FY2025 earnings per share estimates for Prosperity Bancshares in a report released on Thursday, January 30th. DA Davidson analyst P. Winter now expects that the bank will post earnings per share of $5.84 for the year, up from their previous estimate of $5.79. 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 $5.80 per share. DA Davidson also issued estimates for Prosperity Bancshares' FY2026 earnings at $6.43 EPS.

Other analysts have also issued research reports about the company. Barclays boosted their price target on Prosperity Bancshares from $84.00 to $88.00 and gave the company an "equal weight" rating in a report on Friday, December 20th. UBS Group reduced their target price on shares of Prosperity Bancshares from $77.00 to $76.00 and set a "buy" rating for the company in a report on Thursday, December 26th. Wolfe Research reaffirmed a "peer perform" rating on shares of Prosperity Bancshares in a report on Thursday, December 5th. Royal Bank of Canada reissued a "sector perform" rating and issued a $77.00 price objective on shares of Prosperity Bancshares in a research note on Thursday, October 24th. Finally, Bank of America upgraded shares of Prosperity Bancshares from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a research note on Tuesday, January 7th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $82.88.

Prosperity Bancshares Stock Performance

Shares of PB stock traded down $0.09 during mid-day trading on Monday, reaching $80.61. 474,385 shares of the company's stock traded hands, compared to its average volume of 534,616. The firm has a market capitalization of $7.68 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 0.97 and a beta of 0.94. Prosperity Bancshares has a 12 month low of $57.16 and a 12 month high of $86.75. The firm has a 50 day moving average price of $78.31 and a two-hundred day moving average price of $75.39.

Prosperity Bancshares (NYSE:PB - Get Free Report) last announced its earnings results on Wednesday, January 29th. The bank reported $1.37 earnings per share (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 6.64%.

Institutional Trading of Prosperity Bancshares

A number of institutional investors have recently bought and sold shares of PB. Bank of Montreal Can raised its stake in shares of Prosperity Bancshares by 3.4% in the second quarter. Bank of Montreal Can now owns 15,425 shares of the bank's stock valued at $946,000 after acquiring an additional 506 shares during the period. The Manufacturers Life Insurance Company raised its position in 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 purchasing an additional 582 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Prosperity Bancshares by 135.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,480 shares of the bank's stock worth $641,000 after purchasing an additional 6,022 shares during the last quarter. Quarry LP boosted its position in shares of Prosperity Bancshares by 533.3% during the second quarter. Quarry LP now owns 494 shares of the bank's stock valued at $30,000 after buying an additional 416 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Prosperity Bancshares during the second quarter valued at approximately $540,000. 80.69% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Chairman H E. Timanus, Jr. sold 4,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $86.50, for a total value of $346,000.00. Following the completion of the transaction, the chairman now owns 229,953 shares of the company's stock, valued at approximately $19,890,934.50. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ned S. Holmes sold 500 shares of Prosperity Bancshares stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $80.01, for a total value of $40,005.00. Following the completion of the transaction, the director now owns 107,315 shares of the company's stock, valued at approximately $8,586,273.15. This represents a 0.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,600 shares of company stock valued at $1,276,109 in the last quarter. 4.28% of the stock is currently owned by insiders.

Prosperity Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Friday, March 14th. Prosperity Bancshares's dividend payout ratio is presently 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.