Prosperity Bancshares, Inc. Forecasted to Earn Q1 2025 Earnings of $1.29 Per Share (NYSE:PB)

Prosperity Bancshares, Inc. (NYSE:PBFree Report) – Equities research analysts at Wedbush issued their Q1 2025 earnings per share estimates for Prosperity Bancshares in a research note issued to investors on Wednesday, March 27th. Wedbush analyst D. Chiaverini anticipates that the bank will earn $1.29 per share for the quarter. The consensus estimate for Prosperity Bancshares’ current full-year earnings is $5.06 per share. Wedbush also issued estimates for Prosperity Bancshares’ Q2 2025 earnings at $1.41 EPS, Q3 2025 earnings at $1.53 EPS and Q4 2025 earnings at $1.52 EPS.

A number of other research firms have also recently issued reports on PB. Barclays assumed coverage on Prosperity Bancshares in a research report on Friday, March 8th. They set an “equal weight” rating and a $68.00 price objective for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $70.00 price objective on shares of Prosperity Bancshares in a research report on Thursday, January 25th. Raymond James raised their target price on Prosperity Bancshares from $65.00 to $80.00 and gave the company a “strong-buy” rating in a report on Friday, January 5th. Citigroup began coverage on Prosperity Bancshares in a report on Friday, December 1st. They set a “buy” rating and a $68.00 target price on the stock. Finally, Truist Financial raised their target price on Prosperity Bancshares from $61.00 to $75.00 and gave the company a “buy” rating in a report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.79.

Check Out Our Latest Stock Report on PB

Prosperity Bancshares Trading Up 1.1 %

PB opened at $65.78 on Friday. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 1.29 and a beta of 0.93. Prosperity Bancshares has a 1 year low of $49.60 and a 1 year high of $68.88. The stock has a fifty day moving average price of $63.32 and a 200 day moving average price of $60.64.

Prosperity Bancshares (NYSE:PBGet Free Report) last released its quarterly earnings data on Wednesday, January 24th. The bank reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $413.00 million during the quarter, compared to analysts’ expectations of $279.34 million. Prosperity Bancshares had a return on equity of 6.62% and a net margin of 26.24%. During the same quarter last year, the firm earned $1.51 earnings per share.

Hedge Funds Weigh In On Prosperity Bancshares

A number of institutional investors have recently made changes to their positions in the business. Planned Solutions Inc. bought a new position in Prosperity Bancshares during the fourth quarter valued at about $37,000. GAMMA Investing LLC bought a new position in Prosperity Bancshares during the fourth quarter valued at about $38,000. Covestor Ltd increased its stake in Prosperity Bancshares by 83.6% during the first quarter. Covestor Ltd now owns 692 shares of the bank’s stock valued at $48,000 after acquiring an additional 315 shares during the period. Parallel Advisors LLC increased its stake in Prosperity Bancshares by 835.9% during the fourth quarter. Parallel Advisors LLC now owns 730 shares of the bank’s stock valued at $49,000 after acquiring an additional 652 shares during the period. Finally, Signaturefd LLC increased its stake in Prosperity Bancshares by 171.5% during the fourth quarter. Signaturefd LLC now owns 744 shares of the bank’s stock valued at $50,000 after acquiring an additional 470 shares during the period. 80.69% of the stock is currently owned by institutional investors.

Prosperity Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be paid a $0.56 dividend. The ex-dividend date is Thursday, March 14th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.41%. Prosperity Bancshares’s payout ratio is presently 49.45%.

Prosperity Bancshares Company Profile

(Get Free Report)

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.

Featured Articles

Earnings History and Estimates for Prosperity Bancshares (NYSE:PB)

Receive News & Ratings for Prosperity Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prosperity Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.