Prosperity Bancshares (NYSE:PB) Earns “Outperform” Rating from Wedbush

Wedbush restated their outperform rating on shares of Prosperity Bancshares (NYSE:PB) in a report published on Thursday morning, Benzinga reports. The brokerage currently has a $90.00 price target on the bank’s stock. Wedbush also issued estimates for Prosperity Bancshares’ Q2 2025 earnings at $1.43 EPS, Q4 2025 earnings at $1.55 EPS and FY2026 earnings at $6.45 EPS.

Other equities research analysts have also issued research reports about the stock. Raymond James lowered shares of Prosperity Bancshares from a “strong-buy” rating to an “outperform” rating and set a $80.00 target price on the stock. in a research note on Tuesday, September 17th. Compass Point boosted their price target on shares of Prosperity Bancshares from $73.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Hovde Group lifted their target price on Prosperity Bancshares from $80.50 to $82.50 and gave the stock an “outperform” rating in a report on Monday, August 26th. Morgan Stanley raised Prosperity Bancshares from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $75.00 to $86.00 in a report on Monday, August 5th. Finally, StockNews.com downgraded shares of Prosperity Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.96.

Prosperity Bancshares Trading Down 1.7 %

Shares of NYSE:PB opened at $72.26 on Thursday. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 1.52 and a beta of 0.89. The stock’s 50-day moving average price is $72.21 and its two-hundred day moving average price is $66.66. Prosperity Bancshares has a 12-month low of $52.49 and a 12-month high of $75.28.

Prosperity Bancshares (NYSE:PB) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.03. Prosperity Bancshares had a return on equity of 6.32% and a net margin of 25.10%. The business had revenue of $459.00 million during the quarter, compared to the consensus estimate of $299.83 million. During the same period in the prior year, the firm posted $1.20 EPS. As a group, research analysts forecast that Prosperity Bancshares will post 5.03 earnings per share for the current fiscal year.

Prosperity Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.21%. This is a positive change from Prosperity Bancshares’s previous quarterly dividend of $0.56. The ex-dividend date is Friday, December 13th. Prosperity Bancshares’s dividend payout ratio (DPR) is presently 53.46%.

Institutional Trading of Prosperity Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kingsview Wealth Management LLC bought a new position in shares of Prosperity Bancshares in the first quarter valued at $2,343,000. Amica Mutual Insurance Co. grew its holdings in Prosperity Bancshares by 41.9% in the 2nd quarter. Amica Mutual Insurance Co. now owns 157,770 shares of the bank’s stock valued at $9,646,000 after buying an additional 46,593 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Prosperity Bancshares by 14.8% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 784,910 shares of the bank’s stock worth $51,631,000 after acquiring an additional 101,230 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Prosperity Bancshares by 394.8% during the second quarter. Harbor Capital Advisors Inc. now owns 11,465 shares of the bank’s stock worth $701,000 after purchasing an additional 9,148 shares during the period. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Prosperity Bancshares by 16.0% during the second quarter. Thrivent Financial for Lutherans now owns 811,772 shares of the bank’s stock worth $49,632,000 after purchasing an additional 112,101 shares during the period. 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.