DA Davidson Issues Positive Outlook for PB Earnings

Prosperity Bancshares, Inc. (NYSE:PB) – DA Davidson increased their Q1 2025 earnings per share estimates for Prosperity Bancshares in a report released on Wednesday, April 2nd. DA Davidson analyst P. Winter now anticipates that the bank will post earnings per share of $1.36 for the quarter, up from their prior estimate of $1.34. The consensus estimate for Prosperity Bancshares’ current full-year earnings is $5.83 per share. DA Davidson also issued estimates for Prosperity Bancshares’ FY2025 earnings at $5.89 EPS and FY2026 earnings at $6.51 EPS.

Prosperity Bancshares (NYSE:PB) last released its quarterly earnings results on Wednesday, January 29th. The bank reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.04. Prosperity Bancshares had a return on equity of 6.64% and a net margin of 26.79%.

PB has been the topic of several other research reports. Stephens lifted their price target on shares of Prosperity Bancshares from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Bank of America raised Prosperity Bancshares from an “underperform” rating to a “neutral” rating and set a $80.00 target price on the stock in a research report on Tuesday, January 7th. Barclays increased their price target on Prosperity Bancshares from $84.00 to $88.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. Morgan Stanley dropped their price objective on Prosperity Bancshares from $102.00 to $94.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Finally, UBS Group cut their target price on Prosperity Bancshares from $77.00 to $76.00 and set a “buy” rating on the stock in a research report on Thursday, December 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $83.50.

Prosperity Bancshares Trading Up 1.2 %

NYSE PB opened at $71.54 on Thursday. The stock has a market cap of $6.82 billion, a P/E ratio of 14.14, a PEG ratio of 0.94 and a beta of 0.94. The company’s fifty day simple moving average is $75.35 and its 200-day simple moving average is $76.12. Prosperity Bancshares has a 52 week low of $57.16 and a 52 week high of $86.76.

Prosperity Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Friday, March 14th. Prosperity Bancshares’s dividend payout ratio is presently 45.85%.

Insider Buying and Selling at Prosperity Bancshares

In other Prosperity Bancshares news, Director Ned S. Holmes sold 500 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $72.12, for a total value of $36,060.00. Following the transaction, the director now owns 103,815 shares of the company’s stock, valued at $7,487,137.80. This trade represents a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 5,000 shares of company stock worth $378,510 over the last 90 days. Insiders own 4.20% of the company’s stock.

Institutional Trading of Prosperity Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC grew its stake in Prosperity Bancshares by 9.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,801 shares of the bank’s stock worth $512,000 after buying an additional 608 shares during the last quarter. Forum Financial Management LP acquired a new position in shares of Prosperity Bancshares during the fourth quarter valued at $242,000. GTS Securities LLC bought a new position in shares of Prosperity Bancshares during the fourth quarter worth about $303,000. iSAM Funds UK Ltd increased its holdings in shares of Prosperity Bancshares by 11.1% in the 4th quarter. iSAM Funds UK Ltd now owns 13,540 shares of the bank’s stock worth $1,020,000 after acquiring an additional 1,349 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in Prosperity Bancshares in the 4th quarter valued at about $1,473,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

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.