Prosperity Bancshares, Inc. (NYSE:PB – Free Report) – Stock analysts at Zacks Research cut their FY2025 EPS estimates for Prosperity Bancshares in a research note issued to investors on Wednesday, May 14th. Zacks Research analyst R. Department now forecasts that the bank will post earnings of $5.70 per share for the year, down from their prior forecast of $5.73. The consensus estimate for Prosperity Bancshares’ current full-year earnings is $5.83 per share. Zacks Research also issued estimates for Prosperity Bancshares’ Q4 2025 earnings at $1.49 EPS, Q1 2026 earnings at $1.47 EPS, Q4 2026 earnings at $1.66 EPS, FY2026 earnings at $6.24 EPS, Q1 2027 earnings at $1.69 EPS and FY2027 earnings at $7.14 EPS.
Prosperity Bancshares (NYSE:PB – Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The bank reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.02. The firm had revenue of $306.68 million during the quarter, compared to analysts’ expectations of $307.17 million. Prosperity Bancshares had a net margin of 26.79% and a return on equity of 6.64%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.18 earnings per share.
Check Out Our Latest Stock Report on Prosperity Bancshares
Prosperity Bancshares Stock Performance
Shares of PB stock opened at $72.64 on Friday. The stock has a market capitalization of $6.92 billion, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 0.94 and a beta of 0.70. The company has a 50 day moving average price of $68.84 and a 200 day moving average price of $75.06. Prosperity Bancshares has a fifty-two week low of $57.16 and a fifty-two week high of $86.76.
Prosperity Bancshares Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.32 annualized dividend and a yield of 3.19%. Prosperity Bancshares’s dividend payout ratio is currently 44.19%.
Insider Buying and Selling at Prosperity Bancshares
In other Prosperity Bancshares news, Director Ned S. Holmes sold 500 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $70.63, for a total transaction of $35,315.00. Following the completion of the transaction, the director now directly owns 104,815 shares in the company, valued at approximately $7,403,083.45. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders have sold 5,500 shares of company stock valued at $382,420. 4.20% of the stock is owned by company insiders.
Hedge Funds Weigh In On Prosperity Bancshares
Several hedge funds have recently added to or reduced their stakes in PB. Smartleaf Asset Management LLC boosted its stake in shares of Prosperity Bancshares by 487.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 376 shares of the bank’s stock worth $28,000 after purchasing an additional 312 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Prosperity Bancshares by 368.5% in the fourth quarter. Jones Financial Companies Lllp now owns 520 shares of the bank’s stock worth $39,000 after acquiring an additional 409 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Prosperity Bancshares by 102.7% in the fourth quarter. UMB Bank n.a. now owns 592 shares of the bank’s stock worth $45,000 after acquiring an additional 300 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Prosperity Bancshares in the first quarter worth approximately $48,000. Finally, Aster Capital Management DIFC Ltd boosted its position in shares of Prosperity Bancshares by 349.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 917 shares of the bank’s stock worth $69,000 after acquiring an additional 713 shares during the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.
About Prosperity Bancshares
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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