What is Zacks Research's Forecast for PB Q4 Earnings?

Prosperity Bancshares, Inc. (NYSE:PB - Free Report) - Equities research analysts at Zacks Research dropped their Q4 2024 earnings per share (EPS) estimates for Prosperity Bancshares in a research note issued on Wednesday, November 13th. Zacks Research analyst R. Department now expects that the bank will earn $1.30 per share for the quarter, down from their previous estimate of $1.33. 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 $1.59 EPS and FY2026 earnings at $6.48 EPS.

Prosperity Bancshares (NYSE:PB - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The bank reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.03. The firm had revenue of $459.00 million during the quarter, compared to analysts' expectations of $299.83 million. Prosperity Bancshares had a net margin of 25.39% and a return on equity of 6.46%. During the same quarter last year, the company posted $1.20 earnings per share.

Other equities analysts have also recently issued reports about the company. Raymond James cut Prosperity Bancshares from a "strong-buy" rating to an "outperform" rating and set a $80.00 price target for the company. in a report on Tuesday, September 17th. Hovde Group increased their price target on Prosperity Bancshares from $80.50 to $82.50 and gave the company an "outperform" rating in a research report on Monday, August 26th. Barclays boosted their target price on shares of Prosperity Bancshares from $75.00 to $76.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 24th. Royal Bank of Canada reissued a "sector perform" rating and issued a $77.00 price target on shares of Prosperity Bancshares in a research report on Thursday, October 24th. Finally, DA Davidson cut shares of Prosperity Bancshares from a "buy" rating to a "neutral" rating and cut their target price for the company from $80.00 to $78.00 in a report on Tuesday, October 15th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Prosperity Bancshares presently has a consensus rating of "Moderate Buy" and an average target price of $78.96.

Prosperity Bancshares Price Performance

NYSE PB traded up $0.41 during trading hours on Friday, hitting $82.50. 577,407 shares of the company's stock traded hands, compared to its average volume of 574,605. Prosperity Bancshares has a 52-week low of $57.16 and a 52-week high of $85.13. The company has a market capitalization of $7.86 billion, a PE ratio of 17.52, a PEG ratio of 1.24 and a beta of 0.89. The firm's 50-day moving average is $73.79 and its 200-day moving average is $68.31.

Prosperity Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a $0.58 dividend. This is a positive change from Prosperity Bancshares's previous quarterly dividend of $0.56. This represents a $2.32 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Friday, December 13th. Prosperity Bancshares's payout ratio is currently 47.56%.

Insider Transactions at Prosperity Bancshares

In other Prosperity Bancshares news, Director Ned S. Holmes sold 500 shares of Prosperity Bancshares stock in a transaction that occurred 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 in the company, valued at $9,597,887.40. The trade was a 0.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.28% of the company's stock.

Institutional Trading of Prosperity Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of PB. Victory Capital Management Inc. lifted its holdings in Prosperity Bancshares by 3.0% in 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 grew its position in Prosperity Bancshares by 14.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,287,615 shares of the bank's stock worth $262,141,000 after buying an additional 532,241 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 acquiring an additional 6,518 shares in the last quarter. Bank of New York Mellon Corp lifted 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 valued at $57,192,000 after purchasing an additional 19,224 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of Prosperity Bancshares by 4.6% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 835,565 shares of the bank's stock valued at $60,219,000 after purchasing an additional 36,480 shares during the period. 80.69% of the stock is owned by institutional investors.

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.