Q2 EPS Forecast for Prosperity Bancshares Raised by Analyst

Prosperity Bancshares, Inc. (NYSE:PB - Free Report) - Investment analysts at DA Davidson boosted their Q2 2025 EPS estimates for shares of Prosperity Bancshares in a research note issued to investors on Friday, June 27th. DA Davidson analyst P. Winter now expects that the bank will earn $1.42 per share for the quarter, up from their previous estimate of $1.41. The consensus estimate for Prosperity Bancshares' current full-year earnings is $5.83 per share.

A number of other research firms have also weighed in on PB. Jefferies Financial Group began coverage on Prosperity Bancshares in a research note on Wednesday, May 21st. They issued a "buy" rating and a $85.00 target price on the stock. Morgan Stanley reduced their target price on Prosperity Bancshares from $102.00 to $94.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Keefe, Bruyette & Woods cut their price target on Prosperity Bancshares from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. Barclays cut their price target on Prosperity Bancshares from $88.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Finally, Wall Street Zen upgraded Prosperity Bancshares from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.80.

Prosperity Bancshares Stock Performance

NYSE:PB opened at $70.15 on Monday. The stock's fifty day moving average is $69.56 and its 200 day moving average is $72.55. Prosperity Bancshares has a fifty-two week low of $58.66 and a fifty-two week high of $86.76. The firm has a market capitalization of $6.68 billion, a PE ratio of 13.36, a PEG ratio of 0.88 and a beta of 0.68.

Prosperity Bancshares (NYSE:PB - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The bank reported $1.37 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $307.17 million. During the same period in the prior year, the company posted $1.18 EPS. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in Prosperity Bancshares by 487.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 376 shares of the bank's stock worth $28,000 after purchasing an additional 312 shares during the period. Jones Financial Companies Lllp increased its stake in Prosperity Bancshares by 368.5% during the fourth quarter. Jones Financial Companies Lllp now owns 520 shares of the bank's stock worth $39,000 after purchasing an additional 409 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Prosperity Bancshares during the first quarter worth about $48,000. Aster Capital Management DIFC Ltd increased its stake in Prosperity Bancshares by 349.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 917 shares of the bank's stock worth $69,000 after purchasing an additional 713 shares during the period. Finally, Quarry LP acquired a new position in shares of Prosperity Bancshares during the fourth quarter worth about $88,000. Institutional investors and hedge funds own 80.69% of the company's stock.

Insider Buying and Selling

In other news, Director Ned S. Holmes sold 600 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $69.09, for a total value of $41,454.00. Following the completion of the sale, the director now directly owns 45,200 shares in the company, valued at $3,122,868. The trade was a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 9,000 shares of company stock valued at $621,965 over the last quarter. 4.20% of the stock is currently owned by company insiders.

Prosperity Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, June 13th. Prosperity Bancshares's dividend payout ratio (DPR) is 44.19%.

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.

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