DA Davidson Has Positive Outlook for PB Q1 Earnings

Prosperity Bancshares, Inc. (NYSE:PB - Free Report) - Stock analysts at DA Davidson increased their Q1 2025 earnings per share estimates for shares of Prosperity Bancshares in a report released on Wednesday, April 2nd. DA Davidson analyst P. Winter now anticipates that the bank will earn $1.36 per share for the quarter, up from their previous forecast of $1.34. The consensus estimate for Prosperity Bancshares' current full-year earnings is $5.83 per share. DA Davidson also issued estimates for Prosperity Bancshares' FY2025 earnings at $5.89 EPS and FY2026 earnings at $6.51 EPS.

A number of other brokerages also recently weighed in on PB. UBS Group cut their price objective on Prosperity Bancshares from $77.00 to $76.00 and set a "buy" rating on the stock in a research note on Thursday, December 26th. Bank of America upgraded shares of Prosperity Bancshares from an "underperform" rating to a "neutral" rating and set a $80.00 price objective for the company in a research note on Tuesday, January 7th. Raymond James upped their price objective on shares of Prosperity Bancshares from $82.00 to $87.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Stephens lifted their target price on shares of Prosperity Bancshares from $93.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Finally, Barclays upped their price target on shares of Prosperity Bancshares from $84.00 to $88.00 and gave the company an "equal weight" rating in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $83.50.

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Prosperity Bancshares Stock Down 2.6 %

Shares of NYSE:PB traded down $1.74 on Thursday, reaching $64.38. The company had a trading volume of 1,016,899 shares, compared to its average volume of 553,773. The stock has a market capitalization of $6.13 billion, a P/E ratio of 12.72, a P/E/G ratio of 0.94 and a beta of 0.82. The stock has a 50-day moving average price of $74.82 and a 200 day moving average price of $76.02. Prosperity Bancshares has a twelve month low of $57.16 and a twelve month high of $86.76.

Prosperity Bancshares (NYSE:PB - Get Free Report) last released its quarterly earnings data 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 Inflows and Outflows

Several hedge funds have recently bought and sold shares of PB. Vanguard Group Inc. grew its holdings in shares of Prosperity Bancshares by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 9,780,006 shares of the bank's stock worth $736,923,000 after purchasing an additional 44,567 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Prosperity Bancshares by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,586,260 shares of the bank's stock valued at $345,575,000 after buying an additional 48,304 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Prosperity Bancshares by 1.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,342,047 shares of the bank's stock worth $176,473,000 after buying an additional 32,917 shares during the last quarter. Geode Capital Management LLC raised its position in Prosperity Bancshares by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,708,509 shares of the bank's stock valued at $123,162,000 after purchasing an additional 15,309 shares during the last quarter. Finally, Snyder Capital Management L P grew its holdings in shares of Prosperity Bancshares by 7.3% during the fourth quarter. Snyder Capital Management L P now owns 1,220,977 shares of the bank's stock worth $92,001,000 after purchasing an additional 83,488 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Ned S. Holmes sold 500 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $78.43, for a total value of $39,215.00. Following the completion of the transaction, the director now directly owns 108,815 shares of the company's stock, valued at approximately $8,534,360.45. This represents a 0.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 5,500 shares of company stock worth $413,945 over the last 90 days. Corporate insiders own 4.20% of the company's stock.

Prosperity Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.32 dividend on an annualized basis and a yield of 3.60%. Prosperity Bancshares's dividend payout ratio is currently 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.