DA Davidson Analysts Decrease Earnings Estimates for PB

Prosperity Bancshares, Inc. (NYSE:PB) – Stock analysts at DA Davidson dropped their FY2025 EPS estimates for shares of Prosperity Bancshares in a note issued to investors on Thursday, April 24th. DA Davidson analyst P. Winter now expects that the bank will post earnings of $5.81 per share for the year, down from their previous estimate of $5.89. 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 $6.44 EPS.

Several other brokerages also recently weighed in on PB. Morgan Stanley decreased their target price on shares of Prosperity Bancshares from $102.00 to $94.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Hovde Group decreased their price objective on shares of Prosperity Bancshares from $90.00 to $80.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Raymond James lifted their target price on Prosperity Bancshares from $82.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Barclays reduced their price target on Prosperity Bancshares from $88.00 to $86.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Finally, Bank of America upgraded Prosperity Bancshares from an “underperform” rating to a “neutral” rating and set a $80.00 price objective on the stock in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $83.23.

Prosperity Bancshares Stock Up 1.3 %

NYSE PB opened at $68.63 on Monday. Prosperity Bancshares has a fifty-two week low of $57.16 and a fifty-two week high of $86.76. The business has a 50 day moving average price of $69.82 and a two-hundred day moving average price of $75.27. The stock has a market cap of $6.54 billion, a PE ratio of 13.56, a P/E/G ratio of 0.94 and a beta of 0.82.

Prosperity Bancshares (NYSE:PB) last issued its earnings results on Wednesday, April 23rd. The bank reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.02. The company had revenue of $306.68 million during the quarter, compared to the consensus estimate of $307.17 million. Prosperity Bancshares had a return on equity of 6.64% and a net margin of 26.79%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.18 earnings per share.

Hedge Funds Weigh In On Prosperity Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the company. Tidal Investments LLC boosted its stake in Prosperity Bancshares by 5.7% during the 3rd quarter. Tidal Investments LLC now owns 3,875 shares of the bank’s stock valued at $279,000 after purchasing an additional 209 shares during the period. Franklin Resources Inc. raised its holdings in shares of Prosperity Bancshares by 40.6% during the third quarter. Franklin Resources Inc. now owns 34,411 shares of the bank’s stock valued at $2,509,000 after buying an additional 9,935 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Prosperity Bancshares by 20.4% during the fourth quarter. GAMMA Investing LLC now owns 844 shares of the bank’s stock worth $64,000 after buying an additional 143 shares during the period. First Hawaiian Bank grew its holdings in Prosperity Bancshares by 47.5% in the 4th quarter. First Hawaiian Bank now owns 4,612 shares of the bank’s stock worth $348,000 after buying an additional 1,485 shares in the last quarter. Finally, ORG Partners LLC increased its position in Prosperity Bancshares by 57.1% in the 4th quarter. ORG Partners LLC now owns 5,500 shares of the bank’s stock valued at $414,000 after acquiring an additional 2,000 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Transactions at Prosperity Bancshares

In related news, Director Ned S. Holmes sold 500 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $78.30, for a total transaction of $39,150.00. Following the completion of the transaction, the director now directly owns 106,815 shares in the company, valued at $8,363,614.50. This represents a 0.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have sold 5,000 shares of company stock worth $356,740. 4.20% of the stock is currently owned by company insiders.

Prosperity Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Friday, June 13th. Prosperity Bancshares’s dividend payout ratio (DPR) is presently 44.19%.

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.