Wealth Enhancement Advisory Services LLC Boosts Position in Prosperity Bancshares, Inc. $PB

Wealth Enhancement Advisory Services LLC increased its position in shares of Prosperity Bancshares, Inc. (NYSE:PB) by 43.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,978 shares of the bank’s stock after acquiring an additional 10,050 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Prosperity Bancshares were worth $2,163,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Boston Partners raised its position in shares of Prosperity Bancshares by 68.9% during the 2nd quarter. Boston Partners now owns 554,502 shares of the bank’s stock valued at $38,945,000 after buying an additional 226,232 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in Prosperity Bancshares during the second quarter worth $572,000. Praxis Investment Management Inc. purchased a new stake in Prosperity Bancshares in the second quarter valued at $298,000. Pacer Advisors Inc. acquired a new position in shares of Prosperity Bancshares in the 3rd quarter valued at $1,488,000. Finally, SG Americas Securities LLC grew its holdings in shares of Prosperity Bancshares by 634.1% during the 3rd quarter. SG Americas Securities LLC now owns 16,371 shares of the bank’s stock worth $1,086,000 after purchasing an additional 14,141 shares during the period. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Key Stories Impacting Prosperity Bancshares

Here are the key news stories impacting Prosperity Bancshares this week:

• Positive Sentiment: Strategic rationale: the Stellar Bancorp deal expands Prosperity’s Texas footprint and deposit franchise, creating the second?largest Texas bank by deposits — a scale/market share story that can support longer?term growth. PROSPERITY BANCSHARES, INC.® AND STELLAR BANCORP, INC.
• Positive Sentiment: Analyst upgrade/target lift: Hovde Group raised its price target to $77 and rates PB “outperform,” signaling some analysts see the deal and recent results as accretive/opportunity. Finviz: Hovde raise
• Neutral Sentiment: Q4 results: Prosperity reported $1.46 EPS, beating consensus by $0.01, but revenues were slightly below estimates and down ~5.9% year?over?year. That keeps fundamentals mixed — modest earnings beat but soft top?line. Q4 earnings press release / call
• Neutral Sentiment: DA Davidson reaffirmed a “neutral” rating with a $76 price target (implying upside from current levels), reflecting mixed analyst views on the acquisition’s near?term impact. DA Davidson note
• Negative Sentiment: Immediate market reaction: shares initially sold off on the Stellar deal (reports noted a ~7–9% drop) as investors weighed transaction cost, dilution and execution risk. That volatility is likely driving intraday swings. Zacks: stock dips on Stellar deal
• Negative Sentiment: Insider selling: Director Ned S. Holmes reported small sales (600 and 500 shares) around $66.67–$66.69 on Jan. 28; while modest in dollar terms, insider sales can be perceived negatively by some investors. SEC filing: Holmes sale
• Negative Sentiment: Potential deal litigation/investigation: a plaintiff?side law firm has flagged the Stellar transaction for review of price/process, which could introduce execution risk or delay. BusinessWire: investor alert

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Prosperity Bancshares in a report on Wednesday, October 8th. Stephens boosted their price target on shares of Prosperity Bancshares from $77.00 to $81.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Piper Sandler lowered shares of Prosperity Bancshares from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $77.00 to $74.00 in a report on Thursday. TD Cowen reiterated a “buy” rating on shares of Prosperity Bancshares in a report on Wednesday, January 7th. Finally, Barclays set a $75.00 price target on Prosperity Bancshares in a research note on Thursday. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $79.31.

Insiders Place Their Bets

In other Prosperity Bancshares news, Director Ned S. Holmes sold 500 shares of the stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $66.69, for a total value of $33,345.00. Following the sale, the director owned 83,415 shares of the company’s stock, valued at $5,562,946.35. This trade represents a 0.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 16,150 shares of company stock worth $1,129,356. 4.20% of the stock is owned by corporate insiders.

Prosperity Bancshares Stock Performance

Shares of PB stock opened at $68.41 on Friday. Prosperity Bancshares, Inc. has a fifty-two week low of $61.06 and a fifty-two week high of $81.53. The company has a 50 day moving average price of $70.91 and a 200 day moving average price of $68.31. The stock has a market capitalization of $6.50 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 0.88 and a beta of 0.68.

Prosperity Bancshares (NYSE:PB) last issued its quarterly earnings results on Wednesday, January 28th. The bank reported $1.46 EPS for the quarter, beating the consensus estimate of $1.45 by $0.01. The company had revenue of $317.73 million during the quarter, compared to analysts’ expectations of $319.30 million. Prosperity Bancshares had a net margin of 31.22% and a return on equity of 7.11%. The firm’s revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.37 EPS. On average, research analysts forecast that Prosperity Bancshares, Inc. will post 5.83 EPS for the current fiscal year.

Prosperity Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, March 13th. Prosperity Bancshares’s payout ratio is presently 42.78%.

Prosperity Bancshares Company Profile

Prosperity Bancshares, Inc is a holding company for Prosperity Bank, offering a broad range of commercial and consumer banking services across Texas, Oklahoma, Arkansas and Louisiana. Through its network of branches and digital platforms, the company provides deposit products, business and real estate lending, treasury management, mortgage origination and servicing, as well as wealth management and trust services.

Originally chartered in 1911 as First National Bank in McKinney, Texas, the organization rebranded to Prosperity Bank in 2009 following a series of strategic acquisitions aimed at deepening its regional presence.