Research Analysts Set Expectations for PB Q1 Earnings

Prosperity Bancshares, Inc. (NYSE:PB) – Investment analysts at DA Davidson lifted their Q1 2025 earnings per share estimates for shares of Prosperity Bancshares in a report issued on Wednesday, April 2nd. DA Davidson analyst P. Winter now forecasts that the bank will post earnings of $1.36 per share for the quarter, up from their prior estimate of $1.34. The consensus estimate for Prosperity Bancshares’ current full-year earnings is $5.83 per share. DA Davidson also issued estimates for Prosperity Bancshares’ FY2025 earnings at $5.89 EPS and FY2026 earnings at $6.51 EPS.

PB has been the subject of several other research reports. Raymond James raised their price objective on shares of Prosperity Bancshares from $82.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. StockNews.com lowered Prosperity Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Barclays upped their price target on Prosperity Bancshares from $84.00 to $88.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. UBS Group reduced their price objective on Prosperity Bancshares from $77.00 to $76.00 and set a “buy” rating for the company in a report on Thursday, December 26th. Finally, Morgan Stanley lowered their target price on Prosperity Bancshares from $102.00 to $94.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $83.50.

Prosperity Bancshares Stock Performance

Shares of NYSE PB opened at $71.54 on Thursday. Prosperity Bancshares has a one year low of $57.16 and a one year high of $86.76. The firm has a market capitalization of $6.82 billion, a P/E ratio of 14.14, a PEG ratio of 0.94 and a beta of 0.94. The company’s fifty day moving average is $75.35 and its two-hundred day moving average is $76.12.

Prosperity Bancshares (NYSE:PB) last posted its quarterly earnings results on Wednesday, January 29th. The bank reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.04. Prosperity Bancshares had a return on equity of 6.64% and a net margin of 26.79%.

Prosperity Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a dividend of $0.58 per share. The ex-dividend date was Friday, March 14th. This represents a $2.32 annualized dividend and a dividend yield of 3.24%. Prosperity Bancshares’s dividend payout ratio is currently 45.85%.

Insiders Place Their Bets

In related news, Director Ned S. Holmes sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $72.12, for a total transaction of $36,060.00. Following the completion of the transaction, the director now owns 103,815 shares of the company’s stock, valued at approximately $7,487,137.80. This represents a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 5,000 shares of company stock valued at $378,510. Company insiders own 4.20% of the company’s stock.

Institutional Trading of Prosperity Bancshares

Institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in Prosperity Bancshares in the fourth quarter valued at $68,986,000. North Reef Capital Management LP acquired a new position in shares of Prosperity Bancshares in the 4th quarter valued at about $29,211,000. Point72 Asset Management L.P. acquired a new position in shares of Prosperity Bancshares in the 3rd quarter valued at about $16,478,000. Northern Trust Corp grew its holdings in shares of Prosperity Bancshares by 25.5% during the 4th quarter. Northern Trust Corp now owns 937,108 shares of the bank’s stock worth $70,611,000 after purchasing an additional 190,449 shares during the period. Finally, ExodusPoint Capital Management LP increased its position in Prosperity Bancshares by 462.3% during the 4th quarter. ExodusPoint Capital Management LP now owns 169,778 shares of the bank’s stock worth $12,793,000 after purchasing an additional 139,585 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.