What is Zacks Research’s Estimate for PB FY2028 Earnings?

Prosperity Bancshares, Inc. (NYSE:PB) – Equities research analysts at Zacks Research issued their FY2028 EPS estimates for Prosperity Bancshares in a research note issued on Wednesday, February 18th. Zacks Research analyst Team expects that the bank will post earnings per share of $7.80 for the year. The consensus estimate for Prosperity Bancshares’ current full-year earnings is $5.83 per share.

Prosperity Bancshares (NYSE:PB) last announced its earnings results on Wednesday, January 28th. The bank reported $1.46 EPS 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 revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.37 earnings per share.

Other analysts have also issued research reports about the stock. Stephens lifted their price objective on shares of Prosperity Bancshares from $77.00 to $81.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Barclays cut shares of Prosperity Bancshares from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $75.00 to $68.00 in a report on Monday, February 2nd. Hovde Group upped their price objective on Prosperity Bancshares from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Piper Sandler lowered Prosperity Bancshares from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $77.00 to $74.00 in a report on Thursday, January 29th. Finally, Janney Montgomery Scott lowered Prosperity Bancshares from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 3rd. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $78.77.

Prosperity Bancshares Price Performance

NYSE PB opened at $73.55 on Friday. The business’s fifty day moving average is $71.85 and its 200-day moving average is $68.67. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 1.02 and a beta of 0.67. Prosperity Bancshares has a one year low of $61.06 and a one year high of $78.05.

Institutional Trading of Prosperity Bancshares

A number of large investors have recently modified their holdings of the business. Mather Group LLC. bought a new position in shares of Prosperity Bancshares in the third quarter worth approximately $26,000. Community Bank N.A. purchased a new position in Prosperity Bancshares in the 3rd quarter worth approximately $29,000. Danske Bank A S bought a new position in shares of Prosperity Bancshares in the 3rd quarter worth $40,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Prosperity Bancshares during the 3rd quarter valued at $42,000. Finally, Employees Retirement System of Texas purchased a new stake in shares of Prosperity Bancshares during the 2nd quarter valued at $48,000. Institutional investors own 80.69% of the company’s stock.

Insider Transactions at Prosperity Bancshares

In related news, Director Ned S. Holmes sold 600 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $69.28, for a total transaction of $41,568.00. Following the sale, the director owned 43,000 shares of the company’s stock, valued at approximately $2,979,040. This represents a 1.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Leah Henderson sold 1,050 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $73.00, for a total value of $76,650.00. Following the completion of the transaction, the director owned 8,075 shares of the company’s stock, valued at approximately $589,475. This represents a 11.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 15,050 shares of company stock valued at $1,073,264 over the last three months. Company insiders own 4.20% of the company’s stock.

Prosperity Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, March 13th. This represents a $2.40 annualized dividend and a dividend yield of 3.3%. Prosperity Bancshares’s dividend payout ratio is currently 41.88%.

Prosperity Bancshares Company Profile

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.