Zacks Research Issues Pessimistic Outlook for PB Earnings

Prosperity Bancshares, Inc. (NYSE:PB) – Equities researchers at Zacks Research dropped their Q4 2024 EPS estimates for shares of Prosperity Bancshares in a note issued to investors on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the bank will earn $1.30 per share for the quarter, down from their prior forecast of $1.33. The consensus estimate for Prosperity Bancshares’ current full-year earnings is $5.05 per share. Zacks Research also issued estimates for Prosperity Bancshares’ Q2 2026 earnings at $1.59 EPS and FY2026 earnings at $6.48 EPS.

Several other equities analysts also recently weighed in on PB. Morgan Stanley upgraded Prosperity Bancshares from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $75.00 to $86.00 in a report on Monday, August 5th. Barclays boosted their target price on Prosperity Bancshares from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Wedbush reissued an “outperform” rating and set a $90.00 price objective on shares of Prosperity Bancshares in a report on Thursday, October 24th. Hovde Group raised their target price on shares of Prosperity Bancshares from $80.50 to $82.50 and gave the stock an “outperform” rating in a report on Monday, August 26th. Finally, DA Davidson downgraded shares of Prosperity Bancshares from a “buy” rating to a “neutral” rating and cut their target price for the stock from $80.00 to $78.00 in a research report on Tuesday, October 15th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.96.

Prosperity Bancshares Stock Down 1.0 %

PB stock opened at $82.09 on Friday. The business has a 50 day moving average of $73.58 and a 200 day moving average of $68.18. The firm has a market cap of $7.82 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 1.24 and a beta of 0.89. Prosperity Bancshares has a twelve month low of $57.16 and a twelve month high of $85.13.

Prosperity Bancshares (NYSE:PB) last released its earnings results on Wednesday, October 23rd. The bank reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.03. Prosperity Bancshares had a net margin of 25.39% and a return on equity of 6.46%. The firm had revenue of $459.00 million during the quarter, compared to analyst estimates of $299.83 million. During the same period last year, the business earned $1.20 earnings per share.

Institutional Investors Weigh In On Prosperity Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of PB. GAMMA Investing LLC lifted its stake in Prosperity Bancshares by 59.6% in the second quarter. GAMMA Investing LLC now owns 474 shares of the bank’s stock worth $29,000 after acquiring an additional 177 shares during the period. Quarry LP raised its holdings in shares of Prosperity Bancshares by 533.3% in the 2nd quarter. Quarry LP now owns 494 shares of the bank’s stock valued at $30,000 after purchasing an additional 416 shares in the last quarter. Quest Partners LLC lifted its position in shares of Prosperity Bancshares by 3,147.1% in the 2nd quarter. Quest Partners LLC now owns 552 shares of the bank’s stock worth $34,000 after purchasing an additional 535 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of Prosperity Bancshares during the second quarter valued at approximately $43,000. Finally, Headlands Technologies LLC purchased a new position in Prosperity Bancshares during the second quarter valued at approximately $46,000. 80.69% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Prosperity Bancshares news, Director Ned S. Holmes sold 500 shares of Prosperity Bancshares stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $83.96, for a total transaction of $41,980.00. Following the completion of the transaction, the director now directly owns 114,315 shares of the company’s stock, valued at $9,597,887.40. The trade was a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.28% of the company’s stock.

Prosperity Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 2.83%. The ex-dividend date is Friday, December 13th. This is a boost from Prosperity Bancshares’s previous quarterly dividend of $0.56. Prosperity Bancshares’s dividend payout ratio (DPR) is currently 47.56%.

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.