Q1 EPS Estimate for Prosperity Bancshares Reduced by Analyst

Prosperity Bancshares, Inc. (NYSE:PB) – Research analysts at Zacks Research dropped their Q1 2027 earnings estimates for Prosperity Bancshares in a report issued on Wednesday, April 9th. Zacks Research analyst R. Department now expects that the bank will post earnings per share of $1.67 for the quarter, down from their prior forecast of $1.69. 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 $7.10 EPS.

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

Several other research firms have also weighed in on PB. Morgan Stanley lowered their target price on shares of Prosperity Bancshares from $102.00 to $94.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Raymond James upped their price objective on shares of Prosperity Bancshares from $82.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Bank of America upgraded shares of Prosperity Bancshares from an “underperform” rating to a “neutral” rating and set a $80.00 target price for the company in a research note on Tuesday, January 7th. Stephens increased their price target on Prosperity Bancshares from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Barclays cut their price objective on Prosperity Bancshares from $88.00 to $86.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.35.

Prosperity Bancshares Price Performance

Prosperity Bancshares stock opened at $65.89 on Monday. The firm has a market capitalization of $6.28 billion, a P/E ratio of 13.02, a P/E/G ratio of 0.94 and a beta of 0.82. The stock has a fifty day moving average price of $72.14 and a two-hundred day moving average price of $75.55. Prosperity Bancshares has a 52-week low of $57.16 and a 52-week high of $86.76.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PB. Vanguard Group Inc. grew its stake in shares of Prosperity Bancshares by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 9,780,006 shares of the bank’s stock worth $736,923,000 after purchasing an additional 44,567 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Prosperity Bancshares by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,586,260 shares of the bank’s stock worth $345,575,000 after buying an additional 48,304 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Prosperity Bancshares by 1.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,342,047 shares of the bank’s stock worth $176,473,000 after buying an additional 32,917 shares during the period. Geode Capital Management LLC increased its stake in shares of Prosperity Bancshares by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,708,509 shares of the bank’s stock valued at $123,162,000 after acquiring an additional 15,309 shares during the last quarter. Finally, Snyder Capital Management L P raised its position in shares of Prosperity Bancshares by 7.3% in the 4th quarter. Snyder Capital Management L P now owns 1,220,977 shares of the bank’s stock valued at $92,001,000 after acquiring an additional 83,488 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

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, January 29th. The shares were sold at an average price of $79.92, for a total value of $39,960.00. Following the transaction, the director now directly owns 107,815 shares of the company’s stock, valued at approximately $8,616,574.80. This trade represents a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 5,000 shares of company stock valued at $369,480. 4.20% of the stock is currently owned by insiders.

Prosperity Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a $0.58 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.32 dividend on an annualized basis and a yield of 3.52%. Prosperity Bancshares’s payout ratio is 45.85%.

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.