Bokf Na Acquires 750 Shares of Prosperity Bancshares, Inc. (NYSE:PB)

Bokf Na grew its holdings in shares of Prosperity Bancshares, Inc. (NYSE:PB) by 3.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,750 shares of the bank’s stock after buying an additional 750 shares during the period. Bokf Na’s holdings in Prosperity Bancshares were worth $1,336,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC bought a new position in shares of Prosperity Bancshares during the 4th quarter worth approximately $38,000. Parallel Advisors LLC lifted its holdings in shares of Prosperity Bancshares by 835.9% in the 4th quarter. Parallel Advisors LLC now owns 730 shares of the bank’s stock worth $49,000 after purchasing an additional 652 shares in the last quarter. Mather Group LLC. bought a new position in shares of Prosperity Bancshares in the 1st quarter worth $50,000. Signaturefd LLC lifted its holdings in shares of Prosperity Bancshares by 171.5% in the 4th quarter. Signaturefd LLC now owns 744 shares of the bank’s stock worth $50,000 after purchasing an additional 470 shares in the last quarter. Finally, TFO Wealth Partners LLC lifted its holdings in shares of Prosperity Bancshares by 25,850.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,038 shares of the bank’s stock worth $70,000 after purchasing an additional 1,034 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Truist Financial increased their price target on Prosperity Bancshares from $68.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday. Compass Point increased their price target on Prosperity Bancshares from $73.00 to $80.00 and gave the company a “buy” rating in a research report on Friday. Stephens raised Prosperity Bancshares from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, June 26th. Royal Bank of Canada increased their price target on Prosperity Bancshares from $70.00 to $74.00 and gave the company a “sector perform” rating in a research report on Thursday. Finally, DA Davidson increased their price target on Prosperity Bancshares from $78.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $73.50.

Prosperity Bancshares Trading Down 1.6 %

Shares of PB stock traded down $1.14 on Monday, hitting $71.66. 73,711 shares of the stock were exchanged, compared to its average volume of 570,986. The firm has a market capitalization of $6.88 billion, a PE ratio of 16.65, a P/E/G ratio of 1.50 and a beta of 0.91. Prosperity Bancshares, Inc. has a one year low of $49.60 and a one year high of $73.69. The firm’s 50 day moving average is $62.32 and its two-hundred day moving average is $62.87.

Prosperity Bancshares (NYSE:PB) last issued its earnings results on Wednesday, July 24th. The bank reported $1.22 EPS for the quarter, topping the consensus estimate of $1.20 by $0.02. Prosperity Bancshares had a return on equity of 6.32% and a net margin of 25.10%. The business had revenue of $458.95 million during the quarter, compared to the consensus estimate of $290.06 million. During the same quarter last year, the company earned $1.21 EPS. On average, sell-side analysts expect that Prosperity Bancshares, Inc. will post 5.06 earnings per share for the current year.

Prosperity Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a $0.56 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.24 annualized dividend and a yield of 3.13%. Prosperity Bancshares’s dividend payout ratio is currently 51.61%.

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.