FY2025 Earnings Forecast for PB Issued By DA Davidson

Prosperity Bancshares, Inc. (NYSE:PB) – Investment analysts at DA Davidson lifted their FY2025 earnings per share (EPS) estimates for Prosperity Bancshares in a research report issued on Thursday, January 30th. DA Davidson analyst P. Winter now anticipates that the bank will post earnings per share of $5.84 for the year, up from their prior forecast of $5.79. DA Davidson currently has a “Neutral” rating and a $78.00 price target on the stock. The consensus estimate for Prosperity Bancshares’ current full-year earnings is $5.80 per share. DA Davidson also issued estimates for Prosperity Bancshares’ FY2026 earnings at $6.43 EPS.

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

Several other equities research analysts have also recently issued reports on the company. Royal Bank of Canada restated a “sector perform” rating and set a $77.00 price objective on shares of Prosperity Bancshares in a report on Thursday, October 24th. Wedbush reissued an “outperform” rating and issued a $90.00 price target on shares of Prosperity Bancshares in a research note on Thursday, October 24th. StockNews.com raised shares of Prosperity Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. UBS Group decreased their target price on shares of Prosperity Bancshares from $77.00 to $76.00 and set a “buy” rating on the stock in a research report on Thursday, December 26th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Prosperity Bancshares in a research report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.88.

Prosperity Bancshares Stock Performance

Shares of NYSE PB opened at $80.22 on Monday. The firm’s 50 day moving average price is $78.46 and its 200 day moving average price is $75.32. The firm has a market cap of $7.64 billion, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 0.97 and a beta of 0.94. Prosperity Bancshares has a 1 year low of $57.16 and a 1 year high of $86.75.

Institutional Trading of Prosperity Bancshares

Several institutional investors have recently added to or reduced their stakes in PB. Geode Capital Management LLC increased its holdings 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. Charles Schwab Investment Management Inc. boosted its holdings in Prosperity Bancshares by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,183,295 shares of the bank’s stock worth $85,280,000 after purchasing an additional 6,518 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in Prosperity Bancshares by 6.4% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 889,219 shares of the bank’s stock valued at $67,002,000 after purchasing an additional 53,654 shares during the last quarter. Verition Fund Management LLC raised its holdings in shares of Prosperity Bancshares by 0.5% during the third quarter. Verition Fund Management LLC now owns 834,701 shares of the bank’s stock worth $60,157,000 after purchasing an additional 3,978 shares during the period. Finally, Thrivent Financial for Lutherans lifted its position in shares of Prosperity Bancshares by 0.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 818,744 shares of the bank’s stock worth $59,007,000 after buying an additional 6,972 shares during the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Ned S. Holmes sold 500 shares of the stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $79.92, for a total value of $39,960.00. Following the completion of the transaction, the director now owns 107,815 shares of the company’s stock, valued at approximately $8,616,574.80. This represents a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Harrison Stafford II sold 4,000 shares of Prosperity Bancshares stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $80.07, for a total value of $320,280.00. Following the sale, the director now owns 107,137 shares in the company, valued at $8,578,459.59. This represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,100 shares of company stock valued at $1,236,104. Corporate insiders own 4.28% of the company’s stock.

Prosperity Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Friday, March 14th. Prosperity Bancshares’s dividend payout ratio (DPR) is presently 45.85%.

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.