DA Davidson Analysts Lift Earnings Estimates for PB

Prosperity Bancshares, Inc. (NYSE:PB - Free Report) - Equities research analysts at DA Davidson raised their Q2 2025 earnings per share estimates for Prosperity Bancshares in a note issued to investors on Friday, June 27th. DA Davidson analyst P. Winter now expects that the bank will post earnings per share of $1.42 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.

Prosperity Bancshares (NYSE:PB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $1.37 EPS for the quarter, topping the consensus estimate of $1.35 by $0.02. The company had revenue of $306.68 million during the quarter, compared to analyst estimates of $307.17 million. Prosperity Bancshares had a return on equity of 6.81% and a net margin of 27.69%. Prosperity Bancshares's revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.18 earnings per share.

Several other research analysts have also issued reports on the stock. Morgan Stanley cut their target price on shares of Prosperity Bancshares from $102.00 to $94.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Hovde Group cut their price objective on Prosperity Bancshares from $90.00 to $80.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Jefferies Financial Group started coverage on Prosperity Bancshares in a report on Wednesday, May 21st. They set a "buy" rating and a $85.00 price objective on the stock. Barclays cut their target price on Prosperity Bancshares from $88.00 to $86.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Finally, Royal Bank Of Canada decreased their price target on shares of Prosperity Bancshares from $85.00 to $78.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $83.80.

Prosperity Bancshares Price Performance

PB stock traded up $0.17 during midday trading on Monday, reaching $73.73. The company had a trading volume of 468,888 shares, compared to its average volume of 604,169. The firm has a 50-day moving average price of $69.90 and a 200-day moving average price of $72.49. The company has a market capitalization of $7.02 billion, a P/E ratio of 14.04, a P/E/G ratio of 0.91 and a beta of 0.68. Prosperity Bancshares has a 1 year low of $58.66 and a 1 year high of $86.76.

Hedge Funds Weigh In On Prosperity Bancshares

Several hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its holdings in Prosperity Bancshares by 487.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 376 shares of the bank's stock valued at $28,000 after acquiring an additional 312 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Prosperity Bancshares by 368.5% in the 4th 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 bought a new stake in shares of Prosperity Bancshares during the 1st quarter valued at about $48,000. Aster Capital Management DIFC Ltd increased its position in shares of Prosperity Bancshares by 349.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 917 shares of the bank's stock valued at $69,000 after buying an additional 713 shares during the period. Finally, Quarry LP bought a new position in Prosperity Bancshares in the fourth quarter worth about $88,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Prosperity Bancshares news, Director Ned S. Holmes sold 500 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $72.97, for a total transaction of $36,485.00. Following the completion of the transaction, the director owned 98,415 shares of the company's stock, valued at $7,181,342.55. This represents a 0.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 9,600 shares of company stock valued at $666,785 over the last quarter. 4.20% of the stock is owned by company insiders.

Prosperity Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were issued a dividend of $0.58 per share. The ex-dividend date was Friday, June 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.15%. Prosperity Bancshares's dividend payout ratio is currently 44.19%.

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.