What is DA Davidson's Estimate for PB FY2025 Earnings?

Prosperity Bancshares, Inc. (NYSE:PB - Free Report) - Stock analysts at DA Davidson decreased their FY2025 EPS estimates for shares of Prosperity Bancshares in a research report issued to clients and 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 forecast 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.

Prosperity Bancshares (NYSE:PB - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The bank reported $1.37 EPS for the quarter, topping the consensus estimate of $1.35 by $0.02. The company had revenue of $306.68 million for 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%. Prosperity Bancshares's quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the business posted $1.18 EPS.

Other analysts have also recently issued research reports about the company. Bank of America raised Prosperity Bancshares from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a research report on Tuesday, January 7th. Stephens lifted their price target on shares of Prosperity Bancshares from $93.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. StockNews.com cut shares of Prosperity Bancshares from a "hold" rating to a "sell" rating in a research note on Thursday, April 24th. Raymond James increased their price objective on Prosperity Bancshares from $82.00 to $87.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Finally, Hovde Group dropped their target price on Prosperity Bancshares from $90.00 to $80.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Prosperity Bancshares presently has an average rating of "Hold" and an average target price of $83.23.

Prosperity Bancshares Trading Up 1.9 %

Shares of PB traded up $1.28 during midday trading on Monday, reaching $69.37. 41,567 shares of the stock were exchanged, compared to its average volume of 572,717. The company's 50 day moving average is $69.49 and its two-hundred day moving average is $75.19. The company has a market capitalization of $6.61 billion, a P/E ratio of 13.72, a PEG ratio of 0.94 and a beta of 0.82. Prosperity Bancshares has a 52 week low of $57.16 and a 52 week high of $86.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PB. Allspring Global Investments Holdings LLC boosted its stake in Prosperity Bancshares by 3.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 282,920 shares of the bank's stock worth $21,128,000 after buying an additional 10,589 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Prosperity Bancshares by 45.1% during the 4th quarter. Avantax Advisory Services Inc. now owns 7,281 shares of the bank's stock valued at $549,000 after acquiring an additional 2,263 shares during the last quarter. Hodges Capital Management Inc. increased its position in Prosperity Bancshares by 4.9% during the fourth quarter. Hodges Capital Management Inc. now owns 147,231 shares of the bank's stock worth $11,094,000 after purchasing an additional 6,902 shares during the last quarter. Franklin Resources Inc. grew its position in Prosperity Bancshares by 40.6% in the third quarter. Franklin Resources Inc. now owns 34,411 shares of the bank's stock worth $2,509,000 after acquiring an additional 9,935 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in Prosperity Bancshares by 20.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,784 shares of the bank's stock worth $285,000 after acquiring an additional 632 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Ned S. Holmes sold 500 shares of the firm's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $67.20, for a total value of $33,600.00. Following the transaction, the director now directly owns 102,915 shares of the company's stock, valued at approximately $6,915,888. This trade represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 5,500 shares of company stock worth $390,340 in the last 90 days. Insiders own 4.20% of the company's stock.

Prosperity Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.58 per share. The ex-dividend date is Friday, June 13th. This represents a $2.32 annualized dividend and a dividend yield of 3.34%. 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.