Wedbush Boosts Earnings Estimates for Prosperity Bancshares

Prosperity Bancshares, Inc. (NYSE:PB - Free Report) - Wedbush lifted their Q2 2025 earnings per share (EPS) estimates for shares of Prosperity Bancshares in a report issued on Wednesday, October 23rd. Wedbush analyst D. Chiaverini now expects that the bank will post earnings per share of $1.43 for the quarter, up from their previous estimate of $1.42. Wedbush has a "Outperform" rating and a $90.00 price objective on the stock. The consensus estimate for Prosperity Bancshares' current full-year earnings is $5.03 per share. Wedbush also issued estimates for Prosperity Bancshares' Q4 2025 earnings at $1.55 EPS and FY2026 earnings at $6.45 EPS.

Prosperity Bancshares (NYSE:PB - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The bank reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.03. Prosperity Bancshares had a return on equity of 6.32% and a net margin of 25.10%. The company had revenue of $459.00 million for the quarter, compared to analysts' expectations of $299.83 million. During the same period last year, the firm earned $1.20 EPS.

Several other equities research analysts have also issued reports on the stock. DA Davidson lowered shares of Prosperity Bancshares from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $80.00 to $78.00 in a report on Tuesday, October 15th. Hovde Group increased their price objective on shares of Prosperity Bancshares from $80.50 to $82.50 and gave the stock an "outperform" rating in a research note on Monday, August 26th. Raymond James cut shares of Prosperity Bancshares from a "strong-buy" rating to an "outperform" rating and set a $80.00 target price on the stock. in a research note on Tuesday, September 17th. Morgan Stanley raised shares of Prosperity Bancshares from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $75.00 to $86.00 in a report on Monday, August 5th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $77.00 price target on shares of Prosperity Bancshares in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.58.

Prosperity Bancshares Stock Performance

Shares of NYSE PB traded down $1.27 during trading on Friday, hitting $72.26. The company had a trading volume of 516,557 shares, compared to its average volume of 572,250. Prosperity Bancshares has a 12 month low of $52.49 and a 12 month high of $75.28. The firm has a market capitalization of $6.93 billion, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 1.52 and a beta of 0.89. The stock has a 50 day simple moving average of $72.19 and a 200 day simple moving average of $66.58.

Prosperity Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be given a $0.58 dividend. This is an increase from Prosperity Bancshares's previous quarterly dividend of $0.56. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Friday, December 13th. Prosperity Bancshares's payout ratio is currently 53.46%.

Hedge Funds Weigh In On Prosperity Bancshares

Institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in Prosperity Bancshares by 16.5% during the third quarter. Nisa Investment Advisors LLC now owns 14,804 shares of the bank's stock valued at $1,075,000 after purchasing an additional 2,100 shares during the last quarter. First Financial Bankshares Inc raised its position in shares of Prosperity Bancshares by 16.8% during the 3rd quarter. First Financial Bankshares Inc now owns 14,554 shares of the bank's stock valued at $1,049,000 after buying an additional 2,096 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Prosperity Bancshares by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 11,182 shares of the bank's stock valued at $805,000 after acquiring an additional 750 shares during the last quarter. Financial Management Professionals Inc. grew its position in Prosperity Bancshares by 32.4% in the third quarter. Financial Management Professionals Inc. now owns 1,722 shares of the bank's stock worth $124,000 after acquiring an additional 421 shares in the last quarter. Finally, GHP Investment Advisors Inc. grew its position in Prosperity Bancshares by 1.3% in the third quarter. GHP Investment Advisors Inc. now owns 17,967 shares of the bank's stock worth $1,295,000 after acquiring an additional 228 shares in the last quarter. Hedge funds and other institutional investors own 80.69% of the company's stock.

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.