DA Davidson Reiterates Neutral Rating for Prosperity Bancshares (NYSE:PB)

Prosperity Bancshares (NYSE:PB)‘s stock had its “neutral” rating restated by equities researchers at DA Davidson in a report issued on Thursday, Marketbeat reports. They currently have a $76.00 target price on the bank’s stock. DA Davidson’s target price would indicate a potential upside of 10.18% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Piper Sandler downgraded Prosperity Bancshares from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $77.00 to $74.00 in a research report on Thursday. TD Cowen reissued a “buy” rating on shares of Prosperity Bancshares in a research report on Wednesday, January 7th. Hovde Group raised their target price on Prosperity Bancshares from $75.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Prosperity Bancshares in a research note on Wednesday, October 8th. Finally, Stephens upped their target price on Prosperity Bancshares from $77.00 to $81.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $79.31.

Prosperity Bancshares Price Performance

PB stock opened at $68.98 on Thursday. Prosperity Bancshares has a 12 month low of $61.06 and a 12 month high of $81.53. The company’s 50 day simple moving average is $70.93 and its 200-day simple moving average is $68.27. The firm has a market capitalization of $6.55 billion, a PE ratio of 12.04, a P/E/G ratio of 0.89 and a beta of 0.68.

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

Insider Transactions at Prosperity Bancshares

In related news, Director Ned S. Holmes sold 600 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $66.84, for a total value of $40,104.00. Following the sale, the director owned 43,300 shares of the company’s stock, valued at $2,894,172. This trade represents a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harrison Stafford II sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $70.76, for a total transaction of $56,608.00. Following the completion of the sale, the director owned 107,937 shares in the company, valued at $7,637,622.12. The trade was a 0.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 16,150 shares of company stock worth $1,129,356. Insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Mather Group LLC. acquired a new position in shares of Prosperity Bancshares during the 3rd quarter valued at $26,000. Community Bank N.A. acquired a new position in shares of Prosperity Bancshares in the 3rd quarter valued at $29,000. Danske Bank A S purchased a new position in shares of Prosperity Bancshares in the third quarter worth approximately $40,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Prosperity Bancshares during the 3rd quarter worth approximately $42,000. Finally, Employees Retirement System of Texas purchased a new position in shares of Prosperity Bancshares during the second quarter valued at $48,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Key Stories Impacting Prosperity Bancshares

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

• Positive Sentiment: Q4 results beat estimates on higher net interest income (EPS slightly above consensus), which supports the bank’s earnings outlook and underpins value-focused investor interest. Zacks: PB Q4 Earnings
• Positive Sentiment: Hovde Group raised its price target to $77 and maintains an outperform view, signaling institutional confidence in medium-term upside and supporting buy-side interest. Finviz / Hovde note
• Neutral Sentiment: DA Davidson reiterated a “Neutral” rating with a $76 price target (roughly mid-teens upside from recent levels), which is a watch-and-wait signal that could cap near-term upside while suggesting fair value at current prices. AmericanBankingNews: DA Davidson
• Neutral Sentiment: Analyst coverage roundup and value-stock commentary (e.g., Benzinga, Zacks pieces) highlight PB’s attractive valuation metrics (low P/E, solid dividend history) — supportive for long-term investors but not an immediate catalyst. Benzinga: Analyst Insights
• Negative Sentiment: Announcement of the $2.0B stock-and-cash deal to acquire Stellar Bancorp triggered an initial share drop as investors digest dilution, integration risk and deal execution concerns. The transaction is a primary driver of recent volatility. TipRanks: Stellar merger
• Negative Sentiment: A law firm (Kahn Swick & Foti) has launched an investor probe into the adequacy of the Stellar sale process and price, adding legal/transactional risk and potential reputational/headline volatility. BusinessWire: Investor Alert
• Negative Sentiment: Insider selling by a director (small blocks disclosed via SEC filings) can be perceived negatively by some investors even though sizes are modest relative to holdings; it may add short-term selling pressure. SEC filing: insider sales

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.