232,260 Shares in Prosperity Bancshares, Inc. $PB Purchased by Patron Partners LLC

Key Points

• Patron Partners LLC acquired 232,260 shares of Prosperity Bancshares in the second quarter, valued at approximately $16.96 million. The position represents 6.5% of the firm’s portfolio and about 0.23% of PB’s outstanding shares.
• Prosperity Bancshares reported adjusted earnings of $1.62 per share, beating estimates by $0.12, while revenue rose 25.9% year over year to $369.18 million. The bank also declared a quarterly dividend of $0.60 per share, equivalent to a 3.3% annualized yield.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $78.36 versus the stock’s $72.86 opening price. Institutional investors own 80.69% of the company, while recent insider sales add a modestly negative signal.

Patron Partners LLC acquired a new stake in Prosperity Bancshares, Inc. (NYSE:PB - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 232,260 shares of the bank's stock, valued at approximately $16,962,000. Prosperity Bancshares comprises about 6.5% of Patron Partners LLC's portfolio, making the stock its largest position. Patron Partners LLC owned approximately 0.23% of Prosperity Bancshares at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Danske Bank A S acquired a new position in shares of Prosperity Bancshares during the 3rd quarter worth approximately $40,000. SouthState Bank Corp acquired a new stake in shares of Prosperity Bancshares in the fourth quarter valued at approximately $49,000. Osaic Holdings Inc. increased its holdings in shares of Prosperity Bancshares by 34.9% in the second quarter. Osaic Holdings Inc. now owns 719 shares of the bank's stock valued at $51,000 after purchasing an additional 186 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Prosperity Bancshares during the second quarter worth approximately $54,000. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Prosperity Bancshares during the fourth quarter worth approximately $55,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PB. Weiss Ratings upgraded Prosperity Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, July 29th. Morgan Stanley reissued an "equal weight" rating and set a $80.00 price target (down from $85.00) on shares of Prosperity Bancshares in a research report on Monday, July 6th. TD Cowen upped their price objective on shares of Prosperity Bancshares from $82.00 to $84.00 and gave the company a "buy" rating in a report on Friday, July 31st. Citigroup upped their price objective on shares of Prosperity Bancshares from $75.00 to $79.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Finally, Piper Sandler lifted their target price on shares of Prosperity Bancshares from $75.00 to $80.00 and gave the stock a "neutral" rating in a research note on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $78.36.

Prosperity Bancshares Stock Performance

NYSE PB opened at $72.86 on Friday. The stock has a market cap of $7.35 billion, a PE ratio of 12.63, a P/E/G ratio of 0.79 and a beta of 0.64. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.01. Prosperity Bancshares, Inc. has a twelve month low of $61.06 and a twelve month high of $77.20. The stock has a fifty day simple moving average of $73.01 and a 200-day simple moving average of $70.53.

Prosperity Bancshares (NYSE:PB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The bank reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.12. Prosperity Bancshares had a net margin of 29.95% and a return on equity of 7.39%. The firm had revenue of $369.18 million for the quarter, compared to analyst estimates of $380.73 million. During the same period in the previous year, the firm earned $1.42 EPS. Prosperity Bancshares's revenue was up 25.9% on a year-over-year basis. Equities analysts anticipate that Prosperity Bancshares, Inc. will post 6.47 earnings per share for the current year.

Prosperity Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.3%. Prosperity Bancshares's dividend payout ratio (DPR) is currently 41.59%.

Insider Activity

In other news, Director Ned S. Holmes sold 500 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $73.64, for a total value of $36,820.00. Following the sale, the director directly owned 70,615 shares of the company's stock, valued at approximately $5,200,088.60. The trade was a 0.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have sold 12,100 shares of company stock valued at $872,923. 3.96% of the stock is currently owned by insiders.

Key Stories Impacting Prosperity Bancshares

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

• Positive Sentiment: Zacks raised several earnings forecasts. The firm increased its FY2026 EPS estimate to $6.40 from $6.24, lifted FY2027 EPS to $7.22 from $7.16, and raised estimates for Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q4 2027 and Q1 2028. These revisions signal improving expectations for PB’s medium-term profitability. Prosperity Bancshares analyst estimates
• Neutral Sentiment: Investors are comparing PB’s valuation with Cullen/Frost Bankers. A Zacks analysis examines which Southwest bank offers the better value opportunity. PB trades at a relatively modest valuation, with a reported P/E ratio near 12.6, but the article’s impact depends on its comparative conclusion and may be limited without a new company-specific catalyst. PB versus CFR value analysis
• Negative Sentiment: Some future-quarter estimates were reduced. Zacks lowered its Q3 2027 EPS forecast to $1.81 from $1.85 and trimmed its Q2 2028 estimate to $1.92 from $1.93. The cuts are small, but they indicate that the earnings outlook is not uniformly improving. Prosperity Bancshares revised estimates
• Negative Sentiment: Director Ned S. Holmes sold 1,100 shares for approximately $81,000 across two transactions at prices around $73.64–$73.67. He retained a substantial position, so the sales are not necessarily a strong bearish signal, but insider selling can weigh modestly on sentiment. SEC insider transaction filing

Prosperity Bancshares 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.

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