Prosperity Bancshares, Inc. (NYSE:PB - Free Report) - Analysts at DA Davidson issued their Q1 2025 earnings estimates for Prosperity Bancshares in a research note issued on Thursday, January 30th. DA Davidson analyst P. Winter forecasts that the bank will post earnings of $1.34 per share for the quarter. DA Davidson has a "Neutral" rating and a $78.00 price objective on the stock. The consensus estimate for Prosperity Bancshares' current full-year earnings is $5.78 per share.
Prosperity Bancshares (NYSE:PB - Get Free Report) last issued its 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 6.68%.
Several other analysts have also recently issued reports on PB. Bank of America raised Prosperity Bancshares from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a research note on Tuesday, January 7th. StockNews.com upgraded Prosperity Bancshares from a "sell" rating to a "hold" rating in a research report on Friday. Stephens upped their target price on Prosperity Bancshares from $93.00 to $94.00 and gave the company an "overweight" rating in a report on Thursday. Barclays lifted their price target on shares of Prosperity Bancshares from $84.00 to $88.00 and gave the company an "equal weight" rating in a report on Friday, December 20th. Finally, Wedbush restated an "outperform" rating and issued a $90.00 price objective on shares of Prosperity Bancshares in a report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $82.88.
Get Our Latest Analysis on PB
Shares of Prosperity Bancshares stock opened at $80.35 on Friday. Prosperity Bancshares has a one year low of $57.16 and a one year high of $86.75. The business's 50 day simple moving average is $78.76 and its two-hundred day simple moving average is $74.97. The stock has a market capitalization of $7.65 billion, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 1.12 and a beta of 0.93.
Several institutional investors and hedge funds have recently bought and sold shares of PB. Blue Trust Inc. grew its stake in Prosperity Bancshares by 14.9% in the 4th quarter. Blue Trust Inc. now owns 987 shares of the bank's stock worth $71,000 after acquiring an additional 128 shares in the last quarter. GAMMA Investing LLC raised its position in Prosperity Bancshares by 20.4% during the 4th quarter. GAMMA Investing LLC now owns 844 shares of the bank's stock valued at $64,000 after purchasing an additional 143 shares in the last quarter. M&T Bank Corp grew its position in shares of Prosperity Bancshares by 0.3% during the 3rd quarter. M&T Bank Corp now owns 45,392 shares of the bank's stock worth $3,272,000 after buying an additional 149 shares in the last quarter. US Bancorp DE increased its stake in shares of Prosperity Bancshares by 3.4% during the third quarter. US Bancorp DE now owns 4,720 shares of the bank's stock valued at $340,000 after buying an additional 153 shares during the period. Finally, Savant Capital LLC increased its stake in shares of Prosperity Bancshares by 4.6% during the fourth quarter. Savant Capital LLC now owns 4,505 shares of the bank's stock valued at $339,000 after buying an additional 197 shares during the period. 80.69% of the stock is owned by hedge funds and other institutional investors.
In other news, Chairman H E. Timanus, Jr. sold 4,000 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $86.50, for a total value of $346,000.00. Following the transaction, the chairman now owns 229,953 shares of the company's stock, valued at approximately $19,890,934.50. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 transaction of $91,564.00. Following the completion of the sale, the director now owns 7,525 shares in the company, valued at approximately $626,381. This represents a 12.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,100 shares of company stock worth $1,236,104. 4.28% of the stock is owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.58 per share. The ex-dividend date is Friday, March 14th. This represents a $2.32 annualized dividend and a dividend yield of 2.89%. Prosperity Bancshares's payout ratio is 45.85%.
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.
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