Zacks Research Has Optimistic Outlook of PB Q3 Earnings

Key Points

• Zacks Research has increased its Q3 2027 earnings per share estimate for Prosperity Bancshares to $1.76, reflecting a slight rise from the previous estimate of $1.75.
• Prosperity Bancshares currently holds a consensus rating of "Moderate Buy" from analysts, with an average price target of $82.27 and 12 analysts rated it as a Buy.
• The stock opened at $63.28, with a market capitalization of $6.01 billion and a price-to-earnings ratio of 11.51.

Prosperity Bancshares, Inc. (NYSE:PB - Free Report) - Equities research analysts at Zacks Research lifted their Q3 2027 earnings per share estimates for shares of Prosperity Bancshares in a report released on Thursday, October 16th. Zacks Research analyst Team now anticipates that the bank will earn $1.76 per share for the quarter, up from their prior forecast of $1.75. The consensus estimate for Prosperity Bancshares' current full-year earnings is $5.83 per share. Zacks Research also issued estimates for Prosperity Bancshares' FY2027 earnings at $6.89 EPS.

A number of other equities research analysts have also recently issued reports on the company. TD Cowen began coverage on Prosperity Bancshares in a research note on Thursday, September 25th. They issued a "buy" rating and a $79.00 target price on the stock. Citigroup reiterated a "neutral" rating and issued a $68.00 target price (down from $78.00) on shares of Prosperity Bancshares in a research note on Monday, September 15th. Cantor Fitzgerald initiated coverage on Prosperity Bancshares in a research note on Wednesday, September 10th. They set an "overweight" rating and a $78.00 target price on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Prosperity Bancshares in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada reduced their price target on Prosperity Bancshares from $78.00 to $72.00 and set a "sector perform" rating for the company in a research report on Friday, October 10th. Twelve analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Prosperity Bancshares presently has a consensus rating of "Moderate Buy" and an average price target of $82.27.

Prosperity Bancshares Stock Performance

PB stock opened at $63.28 on Monday. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 0.94 and a beta of 0.73. Prosperity Bancshares has a 1 year low of $61.06 and a 1 year high of $86.75. The stock's fifty day moving average is $66.79 and its two-hundred day moving average is $68.40.

Prosperity Bancshares (NYSE:PB - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The bank reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.40 by $0.02. The company had revenue of $310.70 million for the quarter, compared to analysts' expectations of $315.66 million. Prosperity Bancshares had a return on equity of 6.99% and a net margin of 29.37%.During the same period last year, the business posted $1.22 earnings per share.

Insider Transactions at Prosperity Bancshares

In other Prosperity Bancshares news, Director Ned S. Holmes sold 600 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $70.21, for a total transaction of $42,126.00. Following the completion of the transaction, the director owned 44,800 shares in the company, valued at approximately $3,145,408. The trade was a 1.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 14,300 shares of company stock worth $960,266. Insiders own 4.20% of the company's stock.

Institutional Trading of Prosperity Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of PB. Parallel Advisors LLC boosted its position in shares of Prosperity Bancshares by 16.8% in the 2nd quarter. Parallel Advisors LLC now owns 978 shares of the bank's stock worth $69,000 after purchasing an additional 141 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in shares of Prosperity Bancshares by 4.9% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 3,326 shares of the bank's stock worth $237,000 after purchasing an additional 156 shares during the last quarter. Tectonic Advisors LLC boosted its position in shares of Prosperity Bancshares by 2.0% in the 1st quarter. Tectonic Advisors LLC now owns 8,319 shares of the bank's stock worth $594,000 after purchasing an additional 165 shares during the last quarter. AE Wealth Management LLC boosted its position in shares of Prosperity Bancshares by 3.8% in the 2nd quarter. AE Wealth Management LLC now owns 4,640 shares of the bank's stock worth $326,000 after purchasing an additional 172 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its position in shares of Prosperity Bancshares by 34.9% in the 2nd quarter. Osaic Holdings Inc. now owns 719 shares of the bank's stock worth $51,000 after purchasing an additional 186 shares during the last quarter. Institutional investors own 80.69% of the company's stock.

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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