Zacks Research Issues Positive Outlook for PB Earnings

Prosperity Bancshares, Inc. (NYSE:PB - Free Report) - Equities researchers at Zacks Research boosted their Q1 2025 EPS estimates for shares of Prosperity Bancshares in a research report issued to clients and investors on Tuesday, February 18th. Zacks Research analyst R. Department now anticipates that the bank will earn $1.34 per share for the quarter, up from their prior estimate of $1.31. The consensus estimate for Prosperity Bancshares' current full-year earnings is $5.83 per share. Zacks Research also issued estimates for Prosperity Bancshares' Q2 2025 earnings at $1.40 EPS, FY2025 earnings at $5.70 EPS, Q3 2026 earnings at $1.63 EPS and Q4 2026 earnings at $1.66 EPS.

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, topping analysts' consensus estimates 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 research analysts have also weighed in on PB. Wolfe Research restated a "peer perform" rating on shares of Prosperity Bancshares in a research report on Thursday, December 5th. Bank of America upgraded Prosperity Bancshares from an "underperform" rating to a "neutral" rating and set a $80.00 price target on the stock in a report on Tuesday, January 7th. UBS Group reduced their price objective on Prosperity Bancshares from $77.00 to $76.00 and set a "buy" rating for the company in a report on Thursday, December 26th. Barclays upped their target price on Prosperity Bancshares from $84.00 to $88.00 and gave the company an "equal weight" rating in a report on Friday, December 20th. Finally, StockNews.com upgraded Prosperity Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $82.88.

Prosperity Bancshares Trading Up 0.4 %

Shares of NYSE:PB traded up $0.30 on Friday, reaching $76.55. 466,232 shares of the company were exchanged, compared to its average volume of 502,551. The company has a 50-day moving average of $77.38 and a 200-day moving average of $76.06. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 0.94 and a beta of 0.94. Prosperity Bancshares has a 1-year low of $57.16 and a 1-year high of $86.75.

Prosperity Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Friday, March 14th. Prosperity Bancshares's payout ratio is 45.85%.

Insider Buying and Selling

In other Prosperity Bancshares news, Director Ned S. Holmes sold 500 shares of Prosperity Bancshares stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $84.66, for a total value of $42,330.00. Following the completion of the sale, the director now owns 113,315 shares in the company, valued at $9,593,247.90. The trade was a 0.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Harrison Stafford II sold 4,000 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $80.07, for a total transaction of $320,280.00. Following the transaction, the director now directly owns 107,137 shares of the company's stock, valued at approximately $8,578,459.59. This represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,000 shares of company stock worth $794,995. 4.28% of the stock is owned by insiders.

Hedge Funds Weigh In On Prosperity Bancshares

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position 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 buying an additional 44,567 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Prosperity Bancshares by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,586,260 shares of the bank's stock worth $345,575,000 after purchasing an additional 48,304 shares during the period. Massachusetts Financial Services Co. MA increased its position in Prosperity Bancshares by 1.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,342,047 shares of the bank's stock worth $176,473,000 after purchasing an additional 32,917 shares in the last quarter. Geode Capital Management LLC increased its position in Prosperity Bancshares by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,708,509 shares of the bank's stock worth $123,162,000 after purchasing an additional 15,309 shares in the last quarter. Finally, Snyder Capital Management L P lifted its position in 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 valued at $92,001,000 after buying an additional 83,488 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company's stock.

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.