FY2025 Earnings Forecast for PB Issued By Zacks Research

Key Points

• Investment analysts at Zacks Research have increased their FY2025 earnings per share (EPS) estimate for Prosperity Bancshares to $5.59, up from a previous estimate of $5.39.
• The bank reported Q2 earnings of $1.42 per share, surpassing analyst estimates, despite revenue falling short of expectations.
• Prosperity Bancshares announced a quarterly dividend of $0.58 per share, representing a dividend yield of 3.4% with the ex-dividend date set for September 15th.

Prosperity Bancshares, Inc. (NYSE:PB - Free Report) - Research analysts at Zacks Research raised their FY2025 earnings per share estimates for shares of Prosperity Bancshares in a research note issued to investors on Tuesday, September 9th. Zacks Research analyst Team now anticipates that the bank will post earnings per share of $5.59 for the year, up from their previous estimate of $5.39. The consensus estimate for Prosperity Bancshares' current full-year earnings is $5.83 per share. Zacks Research also issued estimates for Prosperity Bancshares' Q4 2025 earnings at $1.36 EPS.

Other research analysts also recently issued reports about the company. Citigroup reissued a "neutral" rating and issued a $68.00 price objective (down from $78.00) on shares of Prosperity Bancshares in a research note on Monday. Jefferies Financial Group initiated coverage on Prosperity Bancshares in a report on Wednesday, May 21st. They issued a "buy" rating and a $85.00 target price for the company. Cantor Fitzgerald assumed coverage on Prosperity Bancshares in a report on Wednesday, September 10th. They set an "overweight" rating and a $78.00 price objective for the company. Piper Sandler dropped their target price on Prosperity Bancshares from $86.00 to $84.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Finally, Hovde Group lowered their price objective on Prosperity Bancshares from $85.00 to $83.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, Prosperity Bancshares currently has a consensus rating of "Moderate Buy" and an average target price of $83.13.

Prosperity Bancshares Price Performance

PB stock traded down $0.88 during midday trading on Thursday, reaching $64.98. 389,436 shares of the stock were exchanged, compared to its average volume of 719,994. The stock has a market capitalization of $6.17 billion, a PE ratio of 11.82, a P/E/G ratio of 1.02 and a beta of 0.74. Prosperity Bancshares has a 52 week low of $61.57 and a 52 week high of $86.75. The company has a fifty day moving average price of $68.97 and a 200 day moving average price of $69.41.

Prosperity Bancshares (NYSE:PB - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The bank reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.02. The business had revenue of $310.70 million during 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 firm posted $1.22 EPS.

Institutional Investors Weigh In On Prosperity Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its position in shares of Prosperity Bancshares by 7.3% in the fourth quarter. Ameriprise Financial Inc. now owns 319,320 shares of the bank's stock worth $24,065,000 after acquiring an additional 21,857 shares during the period. Bank of America Corp DE increased its stake in shares of Prosperity Bancshares by 4.3% during the fourth quarter. Bank of America Corp DE now owns 259,125 shares of the bank's stock worth $19,525,000 after purchasing an additional 10,622 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Prosperity Bancshares by 5.9% during the fourth quarter. Cetera Investment Advisers now owns 7,675 shares of the bank's stock worth $578,000 after purchasing an additional 427 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Prosperity Bancshares by 10.6% during the fourth quarter. Deutsche Bank AG now owns 6,194 shares of the bank's stock worth $467,000 after purchasing an additional 592 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Prosperity Bancshares during the fourth quarter worth about $270,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Prosperity Bancshares news, Director Ned S. Holmes sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $67.19, for a total value of $33,595.00. Following the completion of the sale, the director directly owned 93,415 shares in the company, valued at $6,276,553.85. This trade represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 15,400 shares of company stock valued at $1,069,500 in the last three months. 4.20% of the stock is owned by company insiders.

Prosperity Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, September 15th. Prosperity Bancshares's dividend payout ratio (DPR) is 42.18%.

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.