Equities Analysts Offer Predictions for PB Q1 Earnings

Prosperity Bancshares, Inc. (NYSE:PB - Free Report) - Stock analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for Prosperity Bancshares in a research report issued on Thursday, January 30th. DA Davidson analyst P. Winter expects that the bank will post earnings of $1.34 per share for the quarter. DA Davidson currently has a "Neutral" rating and a $78.00 target price on the stock. The consensus estimate for Prosperity Bancshares' current full-year earnings is $5.80 per share.

Prosperity Bancshares (NYSE:PB - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The bank reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.04. Prosperity Bancshares had a return on equity of 6.64% and a net margin of 26.79%.

Several other analysts also recently weighed in on PB. StockNews.com upgraded Prosperity Bancshares from a "sell" rating to a "hold" rating in a research report on Friday. Wedbush restated an "outperform" rating and set a $90.00 target price on shares of Prosperity Bancshares in a report on Thursday, October 24th. Raymond James upped their target price on Prosperity Bancshares from $82.00 to $87.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Royal Bank of Canada restated a "sector perform" rating and set a $77.00 target price on shares of Prosperity Bancshares in a report on Thursday, October 24th. Finally, Stephens upped their target price on Prosperity Bancshares from $93.00 to $94.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Prosperity Bancshares presently has a consensus rating of "Moderate Buy" and an average target price of $82.88.

Prosperity Bancshares Trading Up 2.0 %

PB stock traded up $1.60 during midday trading on Friday, hitting $80.14. The company had a trading volume of 273,652 shares, compared to its average volume of 527,683. Prosperity Bancshares has a 52 week low of $57.16 and a 52 week high of $86.75. The stock's 50 day moving average price is $78.55 and its 200 day moving average price is $75.23. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 0.97 and a beta of 0.94.

Prosperity Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Friday, March 14th. Prosperity Bancshares's dividend payout ratio is presently 45.85%.

Insider Buying and Selling

In related news, Director Ned S. Holmes sold 500 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $83.96, for a total transaction of $41,980.00. Following the sale, the director now directly owns 114,315 shares of the company's stock, valued at $9,597,887.40. This trade represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Harrison Stafford II sold 4,000 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $80.07, for a total value of $320,280.00. Following the completion of the transaction, the director now directly owns 107,137 shares of the company's stock, valued at approximately $8,578,459.59. This trade represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,100 shares of company stock worth $1,236,104 in the last quarter. Corporate insiders own 4.28% of the company's stock.

Institutional Trading of Prosperity Bancshares

A number of institutional investors have recently made changes to their positions in PB. Los Angeles Capital Management LLC purchased a new stake in shares of Prosperity Bancshares during the 3rd quarter valued at about $4,804,000. Prospector Partners LLC raised its position in Prosperity Bancshares by 24.6% in the third quarter. Prospector Partners LLC now owns 228,992 shares of the bank's stock worth $16,503,000 after acquiring an additional 45,177 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Prosperity Bancshares by 0.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 818,744 shares of the bank's stock worth $59,007,000 after acquiring an additional 6,972 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Prosperity Bancshares during the 3rd quarter valued at $372,000. Finally, US Bancorp DE increased its stake in shares of Prosperity Bancshares by 3.4% in the 3rd quarter. US Bancorp DE now owns 4,720 shares of the bank's stock worth $340,000 after purchasing an additional 153 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.