Prosperity Bancshares (PB) Projected to Post Earnings on Wednesday

Prosperity Bancshares (NYSE:PB) is expected to be announcing its Q2 2025 earnings results before the market opens on Wednesday, July 23rd. Analysts expect the company to announce earnings of $1.40 per share and revenue of $315.66 million for the quarter.

Prosperity Bancshares (NYSE:PB) last announced its quarterly earnings results on Wednesday, April 23rd. The bank reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.02. Prosperity Bancshares had a net margin of 27.69% and a return on equity of 6.81%. The company had revenue of $306.68 million during the quarter, compared to the consensus estimate of $307.17 million. During the same quarter in the previous year, the company posted $1.18 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, analysts expect Prosperity Bancshares to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Prosperity Bancshares Stock Performance

Shares of PB opened at $71.95 on Wednesday. The company has a market cap of $6.85 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 1.03 and a beta of 0.68. The firm has a fifty day moving average of $70.86 and a 200-day moving average of $72.31. Prosperity Bancshares has a 1 year low of $61.57 and a 1 year high of $86.76.

Insider Transactions at Prosperity Bancshares

In other Prosperity Bancshares news, Director Ned S. Holmes sold 500 shares of Prosperity Bancshares stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $74.13, for a total transaction of $37,065.00. Following the transaction, the director owned 97,915 shares of the company’s stock, valued at $7,258,438.95. The trade was a 0.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders sold 9,700 shares of company stock worth $683,577. 4.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Prosperity Bancshares

Large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Prosperity Bancshares by 21.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,198 shares of the bank’s stock valued at $2,155,000 after purchasing an additional 5,326 shares in the last quarter. NewEdge Advisors LLC raised its stake in Prosperity Bancshares by 36.8% during the first quarter. NewEdge Advisors LLC now owns 7,295 shares of the bank’s stock worth $521,000 after acquiring an additional 1,962 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Prosperity Bancshares by 5.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 346,151 shares of the bank’s stock valued at $24,705,000 after buying an additional 17,345 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Prosperity Bancshares by 182.8% in the first quarter. Jane Street Group LLC now owns 104,755 shares of the bank’s stock valued at $7,476,000 after buying an additional 67,712 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Hovde Group reduced their price objective on shares of Prosperity Bancshares from $90.00 to $80.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Jefferies Financial Group started coverage on shares of Prosperity Bancshares in a research report on Wednesday, May 21st. They issued a “buy” rating and a $85.00 price target on the stock. Royal Bank Of Canada dropped their price target on shares of Prosperity Bancshares from $85.00 to $78.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 24th. Keefe, Bruyette & Woods dropped their price target on shares of Prosperity Bancshares from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Monday, May 5th. Finally, Barclays dropped their price target on shares of Prosperity Bancshares from $88.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Prosperity Bancshares has an average rating of “Moderate Buy” and a consensus target price of $83.80.

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.