Research Analysts Offer Predictions for PB FY2025 Earnings

Prosperity Bancshares, Inc. (NYSE:PB) – Equities research analysts at DA Davidson upped their FY2025 earnings per share estimates for Prosperity Bancshares in a research note issued on Thursday, January 30th. DA Davidson analyst P. Winter now forecasts that the bank will post earnings per share of $5.84 for the year, up from their previous forecast of $5.79. DA Davidson currently has a “Neutral” rating and a $78.00 target price on the stock. The consensus estimate for Prosperity Bancshares’ current full-year earnings is $5.80 per share. DA Davidson also issued estimates for Prosperity Bancshares’ FY2026 earnings at $6.43 EPS.

Prosperity Bancshares (NYSE:PB) last announced its quarterly earnings data on Wednesday, January 29th. The bank reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.04. Prosperity Bancshares had a return on equity of 6.64% and a net margin of 26.79%.

PB has been the topic of several other reports. Raymond James boosted their price objective on shares of Prosperity Bancshares from $82.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Wolfe Research reissued a “peer perform” rating on shares of Prosperity Bancshares in a research note on Thursday, December 5th. Stephens increased their price objective on shares of Prosperity Bancshares from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Wedbush reissued an “outperform” rating and issued a $90.00 target price on shares of Prosperity Bancshares in a research report on Thursday, October 24th. Finally, Barclays raised their price target on Prosperity Bancshares from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.88.

Prosperity Bancshares Price Performance

Shares of PB stock opened at $80.22 on Monday. The company has a market capitalization of $7.64 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 0.97 and a beta of 0.94. The firm’s 50-day moving average is $78.46 and its two-hundred day moving average is $75.32. Prosperity Bancshares has a 12 month low of $57.16 and a 12 month high of $86.75.

Prosperity Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.89%. Prosperity Bancshares’s dividend payout ratio (DPR) is presently 45.85%.

Insider Activity

In related news, Director Harrison Stafford II sold 4,000 shares of Prosperity Bancshares stock in a transaction on Friday, December 13th. The shares were sold at an average price of $80.07, for a total value of $320,280.00. Following the transaction, the director now directly owns 107,137 shares in the company, valued at $8,578,459.59. This trade represents a 3.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ned S. Holmes sold 500 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $74.12, for a total transaction of $37,060.00. Following the completion of the transaction, the director now directly owns 109,315 shares in the company, valued at $8,102,427.80. This represents a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,100 shares of company stock valued at $1,236,104 in the last ninety days. 4.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Prosperity Bancshares

A number of large investors have recently modified their holdings of the business. Bank of Montreal Can boosted its stake in shares of Prosperity Bancshares by 3.4% during the 2nd quarter. Bank of Montreal Can now owns 15,425 shares of the bank’s stock worth $946,000 after acquiring an additional 506 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Prosperity Bancshares by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 83,001 shares of the bank’s stock valued at $5,075,000 after purchasing an additional 582 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Prosperity Bancshares by 135.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,480 shares of the bank’s stock valued at $641,000 after buying an additional 6,022 shares in the last quarter. Quarry LP raised its stake in shares of Prosperity Bancshares by 533.3% during the 2nd quarter. Quarry LP now owns 494 shares of the bank’s stock worth $30,000 after buying an additional 416 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Prosperity Bancshares in the 2nd quarter worth about $540,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

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.