Stifel Financial Corp Acquires 2,682 Shares of Prosperity Bancshares, Inc. (NYSE:PB)

Stifel Financial Corp raised its holdings in Prosperity Bancshares, Inc. (NYSE:PBFree Report) by 3.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 86,331 shares of the bank’s stock after acquiring an additional 2,682 shares during the quarter. Stifel Financial Corp owned approximately 0.09% of Prosperity Bancshares worth $5,847,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PB. Planned Solutions Inc. purchased a new position in shares of Prosperity Bancshares during the fourth quarter worth approximately $37,000. GAMMA Investing LLC purchased a new position in Prosperity Bancshares during the 4th quarter worth $38,000. Parallel Advisors LLC increased its holdings in Prosperity Bancshares by 835.9% during the 4th quarter. Parallel Advisors LLC now owns 730 shares of the bank’s stock worth $49,000 after purchasing an additional 652 shares during the period. Signaturefd LLC raised its position in Prosperity Bancshares by 171.5% during the 4th quarter. Signaturefd LLC now owns 744 shares of the bank’s stock valued at $50,000 after purchasing an additional 470 shares in the last quarter. Finally, Spire Wealth Management lifted its holdings in shares of Prosperity Bancshares by 17.7% in the 3rd quarter. Spire Wealth Management now owns 1,290 shares of the bank’s stock worth $70,000 after buying an additional 194 shares during the period. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PB shares. Barclays started coverage on Prosperity Bancshares in a report on Friday, March 8th. They issued an “equal weight” rating and a $68.00 price objective for the company. Truist Financial restated a “buy” rating and issued a $75.00 price target on shares of Prosperity Bancshares in a report on Monday, April 1st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $70.00 price objective on shares of Prosperity Bancshares in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to, the company presently has an average rating of “Hold” and a consensus target price of $68.86.

View Our Latest Stock Report on Prosperity Bancshares

Prosperity Bancshares Stock Down 0.4 %

Shares of PB opened at $59.29 on Friday. The company has a 50 day moving average of $62.35 and a two-hundred day moving average of $63.30. Prosperity Bancshares, Inc. has a twelve month low of $49.60 and a twelve month high of $68.88. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 1.27 and a beta of 0.90.

Prosperity Bancshares (NYSE:PBGet Free Report) last announced its earnings results on Wednesday, April 24th. The bank reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.03. Prosperity Bancshares had a return on equity of 6.33% and a net margin of 24.50%. The firm had revenue of $420.78 million for the quarter, compared to the consensus estimate of $274.88 million. During the same period in the previous year, the business earned $1.37 EPS. On average, sell-side analysts expect that Prosperity Bancshares, Inc. will post 5 EPS for the current year.

Prosperity Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.24 annualized dividend and a dividend yield of 3.78%. Prosperity Bancshares’s dividend payout ratio (DPR) is currently 51.61%.

About Prosperity Bancshares

(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.

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Institutional Ownership by Quarter for Prosperity Bancshares (NYSE:PB)

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