Barrow Hanley Mewhinney & Strauss LLC Acquires New Position in Prosperity Bancshares, Inc. $PB

Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Prosperity Bancshares, Inc. (NYSE:PB - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,793,908 shares of the bank's stock, valued at approximately $350,099,000. Barrow Hanley Mewhinney & Strauss LLC owned approximately 4.75% of Prosperity Bancshares at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Prosperity Bancshares in the second quarter valued at approximately $746,776,000. AQR Capital Management LLC boosted its holdings in shares of Prosperity Bancshares by 175.1% during the 2nd quarter. AQR Capital Management LLC now owns 2,383,162 shares of the bank's stock valued at $167,393,000 after acquiring an additional 1,516,939 shares in the last quarter. Algebris UK Ltd. bought a new stake in Prosperity Bancshares during the 2nd quarter worth $59,465,000. Bank of New York Mellon Corp bought a new stake in Prosperity Bancshares during the 2nd quarter worth $57,877,000. Finally, North Reef Capital Management LP increased its holdings in 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 purchasing an additional 662,877 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Prosperity Bancshares news, Director Ned S. Holmes sold 600 shares of the firm's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $69.30, for a total value of $41,580.00. Following the transaction, the director directly owned 40,400 shares of the company's stock, valued at approximately $2,799,720. This trade represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 12,100 shares of company stock worth $872,923 in the last 90 days. Corporate insiders own 3.96% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of Prosperity Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, July 29th. Citigroup raised their price objective on Prosperity Bancshares from $75.00 to $79.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. Royal Bank Of Canada boosted their target price on shares of Prosperity Bancshares from $78.00 to $80.00 and gave the company a "sector perform" rating in a report on Thursday, July 30th. Morgan Stanley reaffirmed an "equal weight" rating and set a $80.00 target price (down from $85.00) on shares of Prosperity Bancshares in a research note on Monday, July 6th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $80.00 target price on shares of Prosperity Bancshares in a report on Tuesday, June 23rd. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $78.36.

Prosperity Bancshares Trading Up 0.1%

NYSE PB opened at $72.86 on Monday. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 0.79 and a beta of 0.64. Prosperity Bancshares, Inc. has a 52 week low of $61.06 and a 52 week high of $77.20. The business has a 50 day moving average price of $73.01 and a 200-day moving average price of $70.54. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.01.

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

Prosperity Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.60 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.40 annualized dividend and a yield of 3.3%. Prosperity Bancshares's dividend payout ratio is presently 41.59%.

Prosperity Bancshares News Roundup

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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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