Q4 EPS Forecast for Prosperity Bancshares Cut by Analyst

Prosperity Bancshares, Inc. (NYSE:PB) – Investment analysts at Zacks Research dropped their Q4 2024 EPS estimates for shares of Prosperity Bancshares in a report released on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the bank will post earnings per share of $1.30 for the quarter, down from their previous estimate of $1.33. The consensus estimate for Prosperity Bancshares’ current full-year earnings is $5.05 per share. Zacks Research also issued estimates for Prosperity Bancshares’ Q2 2026 earnings at $1.59 EPS and FY2026 earnings at $6.48 EPS.

Prosperity Bancshares (NYSE:PB) last issued its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.03. Prosperity Bancshares had a net margin of 25.39% and a return on equity of 6.46%. The business had revenue of $459.00 million during the quarter, compared to analyst estimates of $299.83 million. During the same quarter last year, the business posted $1.20 earnings per share.

Other equities analysts have also recently issued research reports about the company. DA Davidson cut Prosperity Bancshares from a “buy” rating to a “neutral” rating and decreased their price target for the company from $80.00 to $78.00 in a report on Tuesday, October 15th. 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 note on Friday, July 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $77.00 price objective on shares of Prosperity Bancshares in a research note on Thursday, October 24th. Finally, Truist Financial lowered shares of Prosperity Bancshares from a “buy” rating to a “hold” rating and lowered their target price for the stock from $81.00 to $79.00 in a report on Friday, September 20th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.96.

Prosperity Bancshares Stock Performance

NYSE PB opened at $82.50 on Friday. The stock has a market capitalization of $7.86 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.24 and a beta of 0.89. Prosperity Bancshares has a 52 week low of $57.16 and a 52 week high of $85.13. The stock has a fifty day moving average of $73.79 and a 200-day moving average of $68.36.

Prosperity Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.58 per share. This is a boost from Prosperity Bancshares’s previous quarterly dividend of $0.56. This represents a $2.32 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Friday, December 13th. Prosperity Bancshares’s dividend payout ratio (DPR) is currently 47.56%.

Insider Activity

In related news, Director Ned S. Holmes sold 500 shares of Prosperity Bancshares stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $83.96, for a total value of $41,980.00. Following the sale, the director now owns 114,315 shares of the company’s stock, valued at approximately $9,597,887.40. The trade was a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.28% of the stock is owned by corporate insiders.

Institutional Trading of Prosperity Bancshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in PB. GAMMA Investing LLC boosted its holdings in shares of Prosperity Bancshares by 59.6% during the 2nd quarter. GAMMA Investing LLC now owns 474 shares of the bank’s stock worth $29,000 after buying an additional 177 shares during the period. Quarry LP grew its position in Prosperity Bancshares by 533.3% during the second quarter. Quarry LP now owns 494 shares of the bank’s stock worth $30,000 after buying an additional 416 shares in the last quarter. Quest Partners LLC increased its stake in Prosperity Bancshares by 3,147.1% during the 2nd quarter. Quest Partners LLC now owns 552 shares of the bank’s stock worth $34,000 after acquiring an additional 535 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of Prosperity Bancshares in the second quarter worth $43,000. Finally, Headlands Technologies LLC bought a new position in Prosperity Bancshares in the 2nd quarter valued at about $46,000. 80.69% of the stock is owned by institutional investors.

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.