Prosperity Bancshares (PB) – Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Prosperity Bancshares (NYSE: PB) in the last few weeks:

• 1/8/2025 – Prosperity Bancshares was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 1/7/2025 – Prosperity Bancshares was upgraded by analysts at Bank of America Co. from an “underperform” rating to a “neutral” rating. They now have a $80.00 price target on the stock.
• 12/31/2024 – Prosperity Bancshares was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 12/26/2024 – Prosperity Bancshares had its price target lowered by analysts at UBS Group AG from $77.00 to $76.00. They now have a “buy” rating on the stock.
• 12/20/2024 – Prosperity Bancshares had its price target raised by analysts at Barclays PLC from $84.00 to $88.00. They now have an “equal weight” rating on the stock.
• 12/5/2024 – Prosperity Bancshares had its “peer perform” rating reaffirmed by analysts at Wolfe Research.
• 12/5/2024 – Prosperity Bancshares had its price target raised by analysts at Barclays PLC from $76.00 to $84.00. They now have an “equal weight” rating on the stock.
• 11/29/2024 – Prosperity Bancshares was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 11/20/2024 – Prosperity Bancshares was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

Prosperity Bancshares Stock Up 2.5 %

Shares of PB opened at $75.25 on Tuesday. The company has a 50-day moving average price of $79.25 and a two-hundred day moving average price of $73.42. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of 1.19 and a beta of 0.93. Prosperity Bancshares, Inc. has a 12 month low of $57.16 and a 12 month high of $86.75.

Prosperity Bancshares (NYSE:PB) last posted its earnings results on Wednesday, October 23rd. The bank reported $1.34 EPS for the quarter, topping the consensus estimate of $1.31 by $0.03. Prosperity Bancshares had a return on equity of 6.46% and a net margin of 25.39%. The business had revenue of $459.00 million during the quarter, compared to the consensus estimate of $299.83 million. During the same quarter last year, the company earned $1.20 EPS. Equities research analysts expect that Prosperity Bancshares, Inc. will post 5.05 EPS for the current fiscal year.

Prosperity Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Friday, December 13th. This is an increase from Prosperity Bancshares’s previous quarterly dividend of $0.56. Prosperity Bancshares’s payout ratio is currently 49.26%.

Insider Transactions at Prosperity Bancshares

In related news, Director Ned S. Holmes sold 500 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $74.12, for a total transaction of $37,060.00. Following the completion of the sale, the director now directly owns 109,315 shares of the company’s stock, valued at $8,102,427.80. This trade represents a 0.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Leah Henderson sold 1,100 shares of Prosperity Bancshares stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $83.24, for a total value of $91,564.00. Following the completion of the transaction, the director now owns 7,525 shares of the company’s stock, valued at approximately $626,381. The trade was a 12.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,600 shares of company stock valued at $1,117,424. 4.28% of the stock is owned by insiders.

Institutional Investors Weigh In On Prosperity Bancshares

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in shares of Prosperity Bancshares by 14.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,287,615 shares of the bank’s stock worth $262,141,000 after acquiring an additional 532,241 shares during the last quarter. Geode Capital Management LLC raised its holdings in Prosperity Bancshares by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,708,509 shares of the bank’s stock worth $123,162,000 after purchasing an additional 15,309 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Prosperity Bancshares by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,183,295 shares of the bank’s stock valued at $85,280,000 after purchasing an additional 6,518 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Prosperity Bancshares by 4.6% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 835,565 shares of the bank’s stock valued at $60,219,000 after purchasing an additional 36,480 shares during the last quarter. Finally, Verition Fund Management LLC grew its position in shares of Prosperity Bancshares by 0.5% during the 3rd quarter. Verition Fund Management LLC now owns 834,701 shares of the bank’s stock worth $60,157,000 after buying an additional 3,978 shares during the period. Institutional investors own 80.69% of the company’s stock.

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.