Nomura Holdings Inc. Invests $952,000 in Prosperity Bancshares, Inc. (NYSE:PB)

Nomura Holdings Inc. bought a new stake in Prosperity Bancshares, Inc. (NYSE:PB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,641 shares of the bank's stock, valued at approximately $952,000.

A number of other institutional investors have also recently added to or reduced their stakes in PB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Prosperity Bancshares by 17.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,872 shares of the bank's stock valued at $1,874,000 after acquiring an additional 3,746 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Prosperity Bancshares during the fourth quarter worth $270,000. Fiduciary Trust Co acquired a new stake in shares of Prosperity Bancshares during the fourth quarter worth $234,000. Deutsche Bank AG grew its stake in Prosperity Bancshares by 10.6% in the fourth quarter. Deutsche Bank AG now owns 6,194 shares of the bank's stock valued at $467,000 after acquiring an additional 592 shares during the period. Finally, Dean Capital Management boosted its position in shares of Prosperity Bancshares by 21.7% during the fourth quarter. Dean Capital Management now owns 29,081 shares of the bank's stock worth $2,191,000 after buying an additional 5,178 shares during the period. Hedge funds and other institutional investors own 80.69% of the company's stock.

Prosperity Bancshares Stock Performance

Shares of PB stock traded down $0.12 on Friday, reaching $69.80. 551,425 shares of the company's stock traded hands, compared to its average volume of 590,358. The business's 50 day moving average price is $68.89 and its two-hundred day moving average price is $74.90. Prosperity Bancshares, Inc. has a 12-month low of $57.16 and a 12-month high of $86.76. The company has a market capitalization of $6.65 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 0.94 and a beta of 0.70.

Prosperity Bancshares (NYSE:PB - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The bank reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.02. Prosperity Bancshares had a return on equity of 6.64% and a net margin of 26.79%. The business had revenue of $306.68 million for the quarter, compared to analyst estimates of $307.17 million. During the same period in the prior year, the company earned $1.18 EPS. Prosperity Bancshares's revenue for the quarter was up 10.7% on a year-over-year basis. Research analysts predict that Prosperity Bancshares, Inc. will post 5.83 earnings per share for the current year.

Prosperity Bancshares Dividend Announcement

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 paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Friday, June 13th. Prosperity Bancshares's dividend payout ratio (DPR) is currently 44.19%.

Insider Buying and Selling at Prosperity Bancshares

In other news, Director Ned S. Holmes sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $70.63, for a total transaction of $35,315.00. Following the completion of the sale, the director now owns 104,815 shares in the company, valued at $7,403,083.45. This trade represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 6,600 shares of company stock worth $460,409 over the last three months. Corporate insiders own 4.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on PB. Wall Street Zen upgraded Prosperity Bancshares from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Stephens boosted their price objective on Prosperity Bancshares from $93.00 to $94.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Barclays lowered their target price on shares of Prosperity Bancshares from $88.00 to $86.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Raymond James increased their target price on Prosperity Bancshares from $82.00 to $87.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Finally, Morgan Stanley lowered their target price on shares of Prosperity Bancshares from $102.00 to $94.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, Prosperity Bancshares presently has an average rating of "Moderate Buy" and an average price target of $83.80.

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.