Research Analysts Issue Forecasts for PB FY2025 Earnings

Prosperity Bancshares, Inc. (NYSE:PB) – Stock analysts at DA Davidson boosted their FY2025 earnings estimates for Prosperity Bancshares in a research note issued to investors on Thursday, October 30th. DA Davidson analyst P. Winter now expects that the bank will earn $5.71 per share for the year, up from their prior estimate of $5.70. The consensus estimate for Prosperity Bancshares’ current full-year earnings is $5.83 per share. DA Davidson also issued estimates for Prosperity Bancshares’ FY2026 earnings at $6.38 EPS.

Several other analysts have also recently weighed in on the stock. Hovde Group cut their price target on shares of Prosperity Bancshares from $83.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Cantor Fitzgerald began coverage on Prosperity Bancshares in a research note on Wednesday, September 10th. They set an “overweight” rating and a $78.00 price target for the company. Cowen reiterated a “buy” rating on shares of Prosperity Bancshares in a research note on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Prosperity Bancshares in a report on Wednesday, October 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $77.00 price objective (up from $75.00) on shares of Prosperity Bancshares in a report on Thursday, October 30th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.50.

Prosperity Bancshares Stock Performance

Shares of Prosperity Bancshares stock opened at $66.49 on Monday. Prosperity Bancshares has a 52-week low of $61.06 and a 52-week high of $86.75. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 0.97 and a beta of 0.73. The company’s 50 day moving average price is $66.00 and its 200-day moving average price is $68.34.

Prosperity Bancshares (NYSE:PB) last announced its earnings results on Wednesday, October 29th. The bank reported $1.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.45. Prosperity Bancshares had a net margin of 30.28% and a return on equity of 7.06%. The business had revenue of $314.67 million for the quarter, compared to the consensus estimate of $317.94 million. During the same period last year, the firm posted $1.34 earnings per share. Prosperity Bancshares’s quarterly revenue was up 3.9% on a year-over-year basis.

Prosperity Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 15th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, December 15th. This is a positive change from Prosperity Bancshares’s previous quarterly dividend of $0.58. Prosperity Bancshares’s payout ratio is 42.78%.

Insiders Place Their Bets

In other Prosperity Bancshares news, Director Ned S. Holmes sold 500 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $65.20, for a total transaction of $32,600.00. Following the completion of the sale, the director directly owned 89,915 shares of the company’s stock, valued at approximately $5,862,458. This trade represents a 0.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 14,300 shares of company stock worth $950,496. 4.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Prosperity Bancshares

Several hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC increased its stake in Prosperity Bancshares by 16.8% in the 2nd quarter. Parallel Advisors LLC now owns 978 shares of the bank’s stock valued at $69,000 after purchasing an additional 141 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in Prosperity Bancshares by 4.9% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 3,326 shares of the bank’s stock valued at $237,000 after purchasing an additional 156 shares in the last quarter. Bfsg LLC increased its stake in Prosperity Bancshares by 5.1% in the 3rd quarter. Bfsg LLC now owns 3,363 shares of the bank’s stock valued at $223,000 after purchasing an additional 164 shares in the last quarter. Tectonic Advisors LLC increased its stake in Prosperity Bancshares by 2.0% in the 1st quarter. Tectonic Advisors LLC now owns 8,319 shares of the bank’s stock valued at $594,000 after purchasing an additional 165 shares in the last quarter. Finally, AE Wealth Management LLC increased its stake in Prosperity Bancshares by 3.8% in the 2nd quarter. AE Wealth Management LLC now owns 4,640 shares of the bank’s stock valued at $326,000 after purchasing an additional 172 shares in the last quarter. 80.69% of the stock is owned by hedge funds and other 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.