Q1 EPS Forecast for Prosperity Bancshares Cut by Analyst

Prosperity Bancshares, Inc. (NYSE:PB - Free Report) - Zacks Research cut their Q1 2027 earnings estimates for Prosperity Bancshares in a research report issued on Wednesday, April 9th. Zacks Research analyst R. Department now anticipates that the bank will post earnings of $1.67 per share for the quarter, down from their previous forecast of $1.69. The consensus estimate for Prosperity Bancshares' current full-year earnings is $5.83 per share. Zacks Research also issued estimates for Prosperity Bancshares' FY2027 earnings at $7.10 EPS.

Prosperity Bancshares (NYSE:PB - Get Free Report) last announced its quarterly earnings results 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 net margin of 26.79% and a return on equity of 6.64%.

Other equities analysts have also issued reports about the company. Barclays reduced their price target on Prosperity Bancshares from $88.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. UBS Group lowered their price target on shares of Prosperity Bancshares from $77.00 to $76.00 and set a "buy" rating for the company in a report 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 on the stock in a report on Tuesday, January 7th. StockNews.com upgraded Prosperity Bancshares from a "sell" rating to a "hold" rating in a research note on Thursday, April 10th. Finally, Stephens lifted their target price on Prosperity Bancshares from $93.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $83.35.

Prosperity Bancshares Trading Up 0.2 %

Shares of PB traded up $0.10 during midday trading on Monday, reaching $65.74. 467,668 shares of the company were exchanged, compared to its average volume of 567,974. Prosperity Bancshares has a 1-year low of $57.16 and a 1-year high of $86.76. The stock has a 50-day moving average price of $71.59 and a 200-day moving average price of $75.44. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 0.94 and a beta of 0.82.

Prosperity Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Friday, June 13th. Prosperity Bancshares's dividend payout ratio is currently 45.85%.

Insider Buying and Selling

In other Prosperity Bancshares news, Director Ned S. Holmes sold 500 shares of the firm's stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $79.92, for a total value of $39,960.00. Following the transaction, the director now owns 107,815 shares of the company's stock, valued at $8,616,574.80. This trade represents a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 5,500 shares of company stock worth $402,415 over the last ninety days. 4.20% of the stock is owned by insiders.

Institutional Trading of Prosperity Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC increased its position in Prosperity Bancshares by 69.9% in the third quarter. FMR LLC now owns 7,736 shares of the bank's stock worth $558,000 after buying an additional 3,182 shares during the period. HighTower Advisors LLC grew its position in shares of Prosperity Bancshares by 5.0% during the third quarter. HighTower Advisors LLC now owns 21,660 shares of the bank's stock worth $1,562,000 after acquiring an additional 1,039 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Prosperity Bancshares in the 3rd quarter worth about $211,000. Geode Capital Management LLC lifted 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, Sunbelt Securities Inc. boosted its stake in Prosperity Bancshares by 31.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 981 shares of the bank's stock valued at $71,000 after purchasing an additional 232 shares during the period. 80.69% of the stock is currently owned by institutional investors and hedge funds.

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.