What is DA Davidson's Forecast for PB FY2025 Earnings?

Prosperity Bancshares, Inc. (NYSE:PB - Free Report) - Stock analysts at DA Davidson reduced their FY2025 EPS estimates for shares of Prosperity Bancshares in a research note issued to investors on Wednesday, October 16th. DA Davidson analyst P. Winter now forecasts that the bank will post earnings of $5.64 per share for the year, down from their previous forecast of $5.66. 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 $5.03 per share.

Several other equities analysts have also recently commented on the stock. Piper Sandler raised their price target on shares of Prosperity Bancshares from $73.00 to $80.00 and gave the company an "overweight" rating in a research report on Thursday, July 25th. Morgan Stanley upgraded Prosperity Bancshares from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $75.00 to $86.00 in a report on Monday, August 5th. Compass Point increased their price target on Prosperity Bancshares from $73.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Truist Financial downgraded Prosperity Bancshares from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $81.00 to $79.00 in a research report on Friday, September 20th. Finally, Stephens raised shares of Prosperity Bancshares from an "equal weight" rating to an "overweight" rating in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Prosperity Bancshares has an average rating of "Moderate Buy" and an average price target of $77.27.

Prosperity Bancshares Price Performance

Shares of PB stock traded up $0.59 on Thursday, hitting $74.73. The stock had a trading volume of 708,846 shares, compared to its average volume of 566,036. The company's 50 day moving average price is $71.81 and its 200-day moving average price is $66.20. Prosperity Bancshares has a 1 year low of $49.60 and a 1 year high of $74.96. The firm has a market capitalization of $7.17 billion, a P/E ratio of 17.09, a P/E/G ratio of 1.49 and a beta of 0.89.

Prosperity Bancshares (NYSE:PB - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $290.06 million. During the same period in the prior year, the business posted $1.21 EPS.

Institutional Trading of Prosperity Bancshares

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in shares of Prosperity Bancshares by 59.6% during the second quarter. GAMMA Investing LLC now owns 474 shares of the bank's stock worth $29,000 after acquiring an additional 177 shares during the period. Quarry LP increased its position in Prosperity Bancshares by 533.3% during the 2nd quarter. Quarry LP now owns 494 shares of the bank's stock worth $30,000 after purchasing an additional 416 shares during the period. Quest Partners LLC raised its stake in shares of Prosperity Bancshares by 3,147.1% during the 2nd quarter. Quest Partners LLC now owns 552 shares of the bank's stock worth $34,000 after buying an additional 535 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Prosperity Bancshares in the 2nd quarter valued at approximately $43,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Prosperity Bancshares in the second quarter valued at approximately $46,000. Institutional investors and hedge funds own 80.69% of the company's stock.

Prosperity Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a $0.58 dividend. This is an increase from Prosperity Bancshares's previous quarterly dividend of $0.56. This represents a $2.32 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Friday, December 13th. Prosperity Bancshares's dividend payout ratio is presently 51.61%.

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.