Prosperity Bancshares (PB) Projected to Post Earnings on Wednesday

Prosperity Bancshares (NYSE:PB - Get Free Report) is expected to be releasing its Q2 2025 earnings data before the market opens on Wednesday, July 23rd. Analysts expect Prosperity Bancshares to post earnings of $1.40 per share and revenue of $315.66 million for the quarter.

Prosperity Bancshares (NYSE:PB - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The bank reported $1.37 EPS for the quarter, beating the consensus estimate of $1.35 by $0.02. Prosperity Bancshares had a return on equity of 6.81% and a net margin of 27.69%. The business had revenue of $306.68 million for the quarter, compared to analysts' expectations of $307.17 million. During the same period in the prior year, the business posted $1.18 earnings per share. The firm's revenue was up 10.7% on a year-over-year basis. On average, analysts expect Prosperity Bancshares to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Prosperity Bancshares Price Performance

Shares of PB stock opened at $71.95 on Wednesday. The stock has a market capitalization of $6.85 billion, a PE ratio of 13.70, a PEG ratio of 1.03 and a beta of 0.68. Prosperity Bancshares has a one year low of $61.57 and a one year high of $86.76. The business's 50 day simple moving average is $70.86 and its 200 day simple moving average is $72.31.

Insider Activity at Prosperity Bancshares

In other Prosperity Bancshares news, Director Ned S. Holmes sold 600 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $70.89, for a total value of $42,534.00. Following the completion of the sale, the director directly owned 45,700 shares in the company, valued at approximately $3,239,673. This represents a 1.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 9,700 shares of company stock valued at $683,577. 4.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its holdings in shares of Prosperity Bancshares by 36.8% in the first quarter. NewEdge Advisors LLC now owns 7,295 shares of the bank's stock valued at $521,000 after purchasing an additional 1,962 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Prosperity Bancshares by 21.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,198 shares of the bank's stock valued at $2,155,000 after buying an additional 5,326 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Prosperity Bancshares by 182.8% during the 1st quarter. Jane Street Group LLC now owns 104,755 shares of the bank's stock valued at $7,476,000 after buying an additional 67,712 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Prosperity Bancshares by 5.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 346,151 shares of the bank's stock valued at $24,705,000 after buying an additional 17,345 shares in the last quarter. 80.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on PB shares. Royal Bank Of Canada cut their target price on Prosperity Bancshares from $85.00 to $78.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Wall Street Zen raised Prosperity Bancshares from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Barclays dropped their target price on Prosperity Bancshares from $88.00 to $86.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Hovde Group lowered their price objective on Prosperity Bancshares from $90.00 to $80.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Finally, Keefe, Bruyette & Woods decreased their target price on Prosperity Bancshares from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Monday, May 5th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $83.80.

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.

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