Prosperity Bancshares (NYSE:PB) Director Sells $41,268.00 in Stock

Prosperity Bancshares, Inc. (NYSE:PB) Director Ned Holmes sold 600 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $68.78, for a total transaction of $41,268.00. Following the completion of the sale, the director owned 40,500 shares in the company, valued at approximately $2,785,590. This trade represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Prosperity Bancshares Stock Down 0.4%

Shares of NYSE:PB traded down $0.27 during midday trading on Thursday, reaching $68.75. 62,907 shares of the company were exchanged, compared to its average volume of 1,134,370. Prosperity Bancshares, Inc. has a fifty-two week low of $61.06 and a fifty-two week high of $77.20. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $67.63 and a two-hundred day simple moving average of $69.47. The firm has a market cap of $6.93 billion, a PE ratio of 12.47, a P/E/G ratio of 1.04 and a beta of 0.65.

Prosperity Bancshares (NYSE:PB) last issued its quarterly earnings results on Wednesday, April 29th. The bank reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09. Prosperity Bancshares had a net margin of 29.50% and a return on equity of 7.20%. The firm had revenue of $367.62 million for the quarter, compared to analyst estimates of $358.60 million. During the same period in the previous year, the business earned $1.37 EPS. The company’s revenue was up 19.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Prosperity Bancshares, Inc. will post 6.24 earnings per share for the current year.

Prosperity Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.40 dividend on an annualized basis and a yield of 3.5%. Prosperity Bancshares’s payout ratio is currently 43.48%.

Hedge Funds Weigh In On Prosperity Bancshares

Institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC raised its holdings in Prosperity Bancshares by 175.1% in the second quarter. AQR Capital Management LLC now owns 2,383,162 shares of the bank’s stock worth $167,393,000 after purchasing an additional 1,516,939 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Prosperity Bancshares by 910.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,311,051 shares of the bank’s stock worth $90,607,000 after buying an additional 1,181,295 shares during the period. American Century Companies Inc. raised its stake in Prosperity Bancshares by 48.7% in the 3rd quarter. American Century Companies Inc. now owns 2,122,031 shares of the bank’s stock valued at $140,797,000 after purchasing an additional 695,114 shares during the last quarter. North Reef Capital Management LP increased its stake in shares of Prosperity Bancshares by 149.0% in the 1st quarter. North Reef Capital Management LP now owns 1,107,877 shares of the bank’s stock worth $74,427,000 after acquiring an additional 662,877 shares during the last quarter. Finally, Artisan Partners Limited Partnership acquired a new stake in shares of Prosperity Bancshares during the 4th quarter worth about $44,822,000. Institutional investors own 80.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PB. TD Cowen boosted their target price on shares of Prosperity Bancshares from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Morgan Stanley dropped their price target on shares of Prosperity Bancshares from $91.00 to $83.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Janney Montgomery Scott lowered shares of Prosperity Bancshares from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 3rd. Weiss Ratings cut shares of Prosperity Bancshares from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, Piper Sandler lifted their target price on shares of Prosperity Bancshares from $74.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Prosperity Bancshares has an average rating of “Hold” and a consensus price target of $76.82.

More Prosperity Bancshares News

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

• Positive Sentiment: Zacks Research lifted its FY2026 EPS estimate for Prosperity Bancshares to $6.24 from $6.08, matching the Street consensus and suggesting improving near-term earnings visibility. Prosperity Bancshares stock page
• Positive Sentiment: The firm also increased estimates for FY2028 EPS to $7.86 from $7.80 and raised Q1 2027 and Q2 2027 forecasts, reinforcing a stronger long-term growth outlook. Prosperity Bancshares stock page
• Neutral Sentiment: Not all revisions were positive: Zacks trimmed some out-year estimates, including Q3 2027, Q4 2027, FY2027, Q3 2026, and Q4 2026, indicating a mixed but still generally constructive analyst stance. Prosperity Bancshares stock page

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.