Zacks Research Has Pessimistic Outlook of PB Q1 Earnings

Prosperity Bancshares, Inc. (NYSE:PB - Free Report) - Equities research analysts at Zacks Research dropped their Q1 2026 earnings estimates for shares of Prosperity Bancshares in a report issued on Thursday, November 28th. Zacks Research analyst R. Department now expects that the bank will post earnings per share of $1.49 for the quarter, down from their prior estimate of $1.54. The consensus estimate for Prosperity Bancshares' current full-year earnings is $5.05 per share. Zacks Research also issued estimates for Prosperity Bancshares' Q2 2026 earnings at $1.57 EPS and FY2026 earnings at $6.32 EPS.

Prosperity Bancshares (NYSE:PB - Get Free Report) last released its quarterly 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 6.46% and a net margin of 25.39%. The business had revenue of $459.00 million for the quarter, compared to analyst estimates of $299.83 million. During the same period in the prior year, the company earned $1.20 EPS.

Several other research analysts also recently issued reports on the company. Hovde Group upped their price objective on Prosperity Bancshares from $80.50 to $82.50 and gave the stock an "outperform" rating in a report on Monday, August 26th. Raymond James lowered Prosperity Bancshares from a "strong-buy" rating to an "outperform" rating and set a $80.00 price objective for the company. in a research report on Tuesday, September 17th. Barclays boosted their price objective on Prosperity Bancshares from $75.00 to $76.00 and gave the stock an "equal weight" rating in a report on Thursday, October 24th. DA Davidson lowered shares of Prosperity Bancshares from a "buy" rating to a "neutral" rating and reduced their target price for the company from $80.00 to $78.00 in a research note on Tuesday, October 15th. Finally, Morgan Stanley raised shares of Prosperity Bancshares from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $75.00 to $86.00 in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Prosperity Bancshares has an average rating of "Moderate Buy" and an average price target of $79.95.

Prosperity Bancshares Stock Performance

PB traded down $0.02 during midday trading on Monday, hitting $83.71. The company had a trading volume of 329,749 shares, compared to its average volume of 569,274. Prosperity Bancshares has a twelve month low of $57.16 and a twelve month high of $86.75. The company has a market capitalization of $7.97 billion, a PE ratio of 17.77, a P/E/G ratio of 1.25 and a beta of 0.89. The firm's 50-day simple moving average is $76.18 and its 200-day simple moving average is $69.96.

Prosperity Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.77%. This is a positive change from Prosperity Bancshares's previous quarterly dividend of $0.56. Prosperity Bancshares's dividend payout ratio (DPR) is currently 49.26%.

Insiders Place Their Bets

In other Prosperity Bancshares news, Director Leah Henderson sold 1,100 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $83.24, for a total transaction of $91,564.00. Following the transaction, the director now owns 7,525 shares of the company's stock, valued at $626,381. The trade was a 12.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ned S. Holmes sold 500 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $83.96, for a total value of $41,980.00. Following the completion of the sale, the director now directly owns 114,315 shares of the company's stock, valued at approximately $9,597,887.40. The trade was a 0.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,600 shares of company stock worth $562,594. Company insiders own 4.28% of the company's stock.

Hedge Funds Weigh In On Prosperity Bancshares

A number of institutional investors have recently bought and sold shares of PB. Victory Capital Management Inc. increased its stake in shares of Prosperity Bancshares by 3.0% during the second quarter. Victory Capital Management Inc. now owns 6,359,165 shares of the bank's stock worth $388,799,000 after purchasing an additional 184,453 shares during the period. Dimensional Fund Advisors LP raised its stake in Prosperity Bancshares by 14.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,287,615 shares of the bank's stock worth $262,141,000 after purchasing an additional 532,241 shares in the last quarter. Geode Capital Management LLC boosted its holdings 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 period. Charles Schwab Investment Management Inc. grew its position in shares of Prosperity Bancshares by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,183,295 shares of the bank's stock worth $85,280,000 after purchasing an additional 6,518 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Prosperity Bancshares by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 935,420 shares of the bank's stock worth $57,192,000 after purchasing an additional 19,224 shares during the period. 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.