Prosperity Bancshares, Inc. $PB Shares Sold by Copeland Capital Management LLC

Key Points

• Copeland Capital Management reduced its position in Prosperity Bancshares by 4.7%, selling 18,467 shares and leaving it with 373,612 shares (about 0.39% of the company) valued at roughly $25.82 million.
• Prosperity declared a quarterly dividend of $0.60 per share (annualized $2.40) yielding about 3.4%, payable July 1 with an ex‑dividend/record date of June 15.
• The company received regulatory approval to complete its acquisition of Stellar Bancorp (a material growth/efficiency catalyst), and reported quarterly EPS of $1.46 (beating estimates by $0.01) while revenue declined 5.9% year‑over‑year.

Copeland Capital Management LLC reduced its position in shares of Prosperity Bancshares, Inc. (NYSE:PB - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 373,612 shares of the bank's stock after selling 18,467 shares during the period. Copeland Capital Management LLC owned about 0.39% of Prosperity Bancshares worth $25,820,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. waypoint wealth counsel lifted its position in shares of Prosperity Bancshares by 26.0% during the fourth quarter. waypoint wealth counsel now owns 5,663 shares of the bank's stock worth $391,000 after purchasing an additional 1,167 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of Prosperity Bancshares by 67.2% in the fourth quarter. HB Wealth Management LLC now owns 7,533 shares of the bank's stock worth $521,000 after buying an additional 3,027 shares during the last quarter. Ruffer LLP bought a new stake in shares of Prosperity Bancshares in the fourth quarter worth $2,964,000. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Prosperity Bancshares by 4.0% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,096 shares of the bank's stock worth $1,527,000 after buying an additional 847 shares during the last quarter. Finally, Evergreen Capital Management LLC bought a new stake in shares of Prosperity Bancshares in the fourth quarter worth $272,000. 80.69% of the stock is owned by institutional investors and hedge funds.

Prosperity Bancshares Price Performance

PB stock opened at $69.61 on Friday. Prosperity Bancshares, Inc. has a 1-year low of $61.06 and a 1-year high of $77.20. The firm has a fifty day moving average price of $68.53 and a two-hundred day moving average price of $68.88. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 1.11 and a beta of 0.66.

Prosperity Bancshares (NYSE:PB - Get Free Report) last released its earnings results on Wednesday, January 28th. The bank reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.01. Prosperity Bancshares had a net margin of 31.22% and a return on equity of 7.11%. The firm had revenue of $317.73 million during the quarter, compared to analyst estimates of $319.30 million. During the same quarter in the previous year, the firm earned $1.37 earnings per share. The firm's revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, analysts expect that Prosperity Bancshares, Inc. will post 6.19 EPS for the current fiscal year.

Prosperity Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, June 15th. This represents a $2.40 annualized dividend and a yield of 3.4%. Prosperity Bancshares's payout ratio is presently 41.88%.

Insiders Place Their Bets

In other Prosperity Bancshares news, Director Ned S. Holmes sold 500 shares of the business's stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $69.86, for a total transaction of $34,930.00. Following the completion of the sale, the director owned 79,115 shares in the company, valued at $5,526,973.90. The trade was a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 13,200 shares of company stock worth $911,449 in the last three months. 3.96% of the stock is owned by insiders.

Key Prosperity Bancshares News

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

• Positive Sentiment: Board declared a quarterly common dividend of $0.60 per share (payable July 1; record/ex‑dividend in mid‑June) — implies a ~3.5% yield and steady cash return to shareholders. Dividend Announcement
• Positive Sentiment: Prosperity received all required regulatory approvals to complete its previously announced acquisition of Stellar Bancorp, clearing the path to close the deal and gain scale in target markets — a material growth/efficiency catalyst. Acquisition Approvals
• Positive Sentiment: Analyst previews (Zacks) suggest Street expectations for earnings growth and a likely beat for the upcoming report — if results meet or exceed these expectations, it could support the stock. Earnings Preview
• Neutral Sentiment: At the annual meeting shareholders backed the company’s directors and governance proposals — routine governance approval that reduces near‑term activism risk but is not a major operational catalyst. Annual Meeting Results
• Negative Sentiment: Director Ned S. Holmes reported two small open‑market sales on April 22 totaling 1,100 shares (~$69.85 avg), reducing his reported holdings — insider selling can be interpreted negatively by some investors even though the size is modest relative to his total stake. SEC filing: Insider Sale Filing

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Cantor Fitzgerald lifted their price target on shares of Prosperity Bancshares from $81.00 to $83.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 3rd. Weiss Ratings upgraded shares of Prosperity Bancshares from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, April 2nd. Citigroup restated a "neutral" rating on shares of Prosperity Bancshares in a research note on Monday, February 2nd. Morgan Stanley dropped their price target on shares of Prosperity Bancshares from $91.00 to $83.00 and set an "overweight" rating for the company in a research note on Tuesday, March 31st. Finally, Raymond James Financial lowered shares of Prosperity Bancshares from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 7th. Eight equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Prosperity Bancshares has an average rating of "Hold" and an average target price of $78.31.

About Prosperity Bancshares

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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