Prosperity Bancshares (NYSE:PB) Price Target Raised to $77.00 at Hovde Group

Prosperity Bancshares (NYSE:PB) had its price target lifted by Hovde Group from $75.00 to $77.00 in a research note published on Thursday, Marketbeat reports. The brokerage currently has an outperform rating on the bank’s stock.

PB has been the subject of several other research reports. TD Cowen restated a “buy” rating on shares of Prosperity Bancshares in a research note on Wednesday, January 7th. Piper Sandler downgraded Prosperity Bancshares from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $77.00 to $74.00 in a report on Thursday. Royal Bank Of Canada lowered their target price on shares of Prosperity Bancshares from $78.00 to $72.00 and set a “sector perform” rating on the stock in a research note on Friday, October 10th. Stephens raised their price target on shares of Prosperity Bancshares from $77.00 to $81.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Barclays set a $75.00 price objective on shares of Prosperity Bancshares in a report on Thursday. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Prosperity Bancshares currently has a consensus rating of “Moderate Buy” and an average target price of $79.31.

Prosperity Bancshares Stock Performance

Shares of Prosperity Bancshares stock opened at $68.41 on Thursday. The company has a 50-day simple moving average of $70.91 and a two-hundred day simple moving average of $68.31. The stock has a market capitalization of $6.50 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 0.88 and a beta of 0.68. Prosperity Bancshares has a 52-week low of $61.06 and a 52-week high of $81.53.

Prosperity Bancshares (NYSE:PB) last announced its quarterly earnings results on Wednesday, January 28th. The bank reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.01. The company had revenue of $317.73 million during the quarter, compared to the consensus estimate of $319.30 million. Prosperity Bancshares had a net margin of 31.22% and a return on equity of 7.11%. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.37 earnings per share. As a group, equities research analysts forecast that Prosperity Bancshares will post 5.83 EPS for the current fiscal year.

Prosperity Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, March 13th. Prosperity Bancshares’s dividend payout ratio is presently 42.78%.

Insider Activity at Prosperity Bancshares

In related news, Director Ned S. Holmes sold 500 shares of the company’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $66.69, for a total value of $33,345.00. Following the completion of the transaction, the director owned 83,415 shares of the company’s stock, valued at approximately $5,562,946.35. This represents a 0.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 16,150 shares of company stock worth $1,129,356. 4.20% of the stock is owned by company insiders.

Institutional Trading of Prosperity Bancshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in PB. Mather Group LLC. purchased a new stake in Prosperity Bancshares during the 3rd quarter valued at approximately $26,000. Community Bank N.A. bought a new position in shares of Prosperity Bancshares during the third quarter worth $29,000. Danske Bank A S purchased a new position in Prosperity Bancshares during the third quarter valued at $40,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Prosperity Bancshares in the 3rd quarter valued at $42,000. Finally, Employees Retirement System of Texas purchased a new stake in Prosperity Bancshares in the 2nd quarter worth $48,000. Institutional investors own 80.69% of the company’s stock.

Prosperity Bancshares News Summary

Here are the key news stories impacting Prosperity Bancshares this week:

• Positive Sentiment: Strategic rationale: the Stellar Bancorp deal expands Prosperity’s Texas footprint and deposit franchise, creating the second‑largest Texas bank by deposits — a scale/market share story that can support longer‑term growth. PROSPERITY BANCSHARES, INC.® AND STELLAR BANCORP, INC.
• Positive Sentiment: Analyst upgrade/target lift: Hovde Group raised its price target to $77 and rates PB “outperform,” signaling some analysts see the deal and recent results as accretive/opportunity. Finviz: Hovde raise
• Neutral Sentiment: Q4 results: Prosperity reported $1.46 EPS, beating consensus by $0.01, but revenues were slightly below estimates and down ~5.9% year‑over‑year. That keeps fundamentals mixed — modest earnings beat but soft top‑line. Q4 earnings press release / call
• Neutral Sentiment: DA Davidson reaffirmed a “neutral” rating with a $76 price target (implying upside from current levels), reflecting mixed analyst views on the acquisition’s near‑term impact. DA Davidson note
• Negative Sentiment: Immediate market reaction: shares initially sold off on the Stellar deal (reports noted a ~7–9% drop) as investors weighed transaction cost, dilution and execution risk. That volatility is likely driving intraday swings. Zacks: stock dips on Stellar deal
• Negative Sentiment: Insider selling: Director Ned S. Holmes reported small sales (600 and 500 shares) around $66.67–$66.69 on Jan. 28; while modest in dollar terms, insider sales can be perceived negatively by some investors. SEC filing: Holmes sale
• Negative Sentiment: Potential deal litigation/investigation: a plaintiff‑side law firm has flagged the Stellar transaction for review of price/process, which could introduce execution risk or delay. BusinessWire: investor alert

About Prosperity Bancshares

Prosperity Bancshares, Inc is a holding company for Prosperity Bank, offering a broad range of commercial and consumer banking services across Texas, Oklahoma, Arkansas and Louisiana. Through its network of branches and digital platforms, the company provides deposit products, business and real estate lending, treasury management, mortgage origination and servicing, as well as wealth management and trust services.

Originally chartered in 1911 as First National Bank in McKinney, Texas, the organization rebranded to Prosperity Bank in 2009 following a series of strategic acquisitions aimed at deepening its regional presence.