Prosperity Bancshares (PB) News Today

Prosperity Bancshares, Inc. (NYSE:PB) shares have decreased as investors weighed a modest revenue miss and deposit pressures against a solid EPS beat, strong profit growth and a fresh dividend.

• Positive Sentiment: Q2 EPS of $1.42 topped the consensus by $0.02, driving 21% profit growth and expanding margins. Earnings Beat Article
• Positive Sentiment: Higher net interest income and lower expenses helped offset a deposit decline and credit risks. Zacks Earnings Article
• Positive Sentiment: The board declared a $0.58 quarterly dividend, representing a 3.37% yield. Dividend Declaration
• Positive Sentiment: Q2 presentation slides highlighted 21% profit growth and expanding margins. Slide Deck Article
• Positive Sentiment: Analysts at TipRanks praised the strong Q2 results. TipRanks Q2 Review
• Neutral Sentiment: Piper Sandler trimmed its price target from $86 to $84 while maintaining an “overweight” rating. Benzinga Target Change
• Neutral Sentiment: Hovde Group cut its target from $85 to $83 but reaffirmed an “outperform” rating. Briefing.com Rating Note
• Negative Sentiment: Director Ned S. Holmes sold a total of 1,100 shares at an average of $70.21, reducing his stake. Holmes Sells 500 Shares Holmes Sells 600 Shares
• Negative Sentiment: Shares fell about 4.2% after a revenue miss, deposit pressures and lingering credit risk concerns. Shares Down Article

Investors will be watching upcoming deposit trends and margin pressure alongside any further insider activity and guidance updates.