Zacks Research Issues Optimistic Forecast for PB Earnings

Prosperity Bancshares, Inc. (NYSE:PB) – Zacks Research upped their Q4 2026 earnings estimates for Prosperity Bancshares in a research note issued to investors on Monday, December 22nd. Zacks Research analyst Team now anticipates that the bank will earn $1.65 per share for the quarter, up from their previous forecast of $1.64. The consensus estimate for Prosperity Bancshares’ current full-year earnings is $5.83 per share. Zacks Research also issued estimates for Prosperity Bancshares’ Q1 2027 earnings at $1.65 EPS, Q3 2027 earnings at $1.67 EPS and FY2027 earnings at $6.77 EPS.

Several other brokerages also recently commented on PB. Citigroup reaffirmed a “neutral” rating and issued a $68.00 target price (down previously from $78.00) on shares of Prosperity Bancshares in a research note on Monday, September 15th. Royal Bank Of Canada decreased their price target on shares of Prosperity Bancshares from $78.00 to $72.00 and set a “sector perform” rating for the company in a report on Friday, October 10th. Barclays upped their price objective on shares of Prosperity Bancshares from $82.00 to $83.00 and gave the company an “equal weight” rating in a research report on Friday. Cantor Fitzgerald initiated coverage on Prosperity Bancshares in a report on Wednesday, September 10th. They set an “overweight” rating and a $78.00 target price on the stock. Finally, Hovde Group downgraded Prosperity Bancshares from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 26th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.29.

Prosperity Bancshares Price Performance

Shares of PB stock opened at $71.65 on Tuesday. The stock has a market cap of $6.81 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 1.05 and a beta of 0.70. The stock has a 50-day moving average of $67.57 and a 200-day moving average of $68.19. Prosperity Bancshares has a one year low of $61.06 and a one year high of $82.75.

Prosperity Bancshares (NYSE:PB) last posted its quarterly earnings results on Wednesday, October 29th. The bank reported $1.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.45. The company had revenue of $314.67 million for the quarter, compared to the consensus estimate of $317.94 million. Prosperity Bancshares had a return on equity of 7.06% and a net margin of 30.28%.The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.34 EPS.

Hedge Funds Weigh In On Prosperity Bancshares

Several institutional investors and hedge funds have recently modified their holdings of the business. Mather Group LLC. bought a new position in shares of Prosperity Bancshares during the third quarter worth approximately $26,000. Community Bank N.A. acquired a new stake in shares of Prosperity Bancshares during the 3rd quarter worth $29,000. Steph & Co. bought a new position in shares of Prosperity Bancshares in the second quarter worth $38,000. Danske Bank A S acquired a new position in Prosperity Bancshares in the third quarter valued at about $40,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in Prosperity Bancshares during the third quarter worth about $42,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Prosperity Bancshares

In related news, Director Harrison Stafford II sold 800 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $70.76, for a total transaction of $56,608.00. Following the transaction, the director directly owned 107,937 shares of the company’s stock, valued at approximately $7,637,622.12. The trade was a 0.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leah Henderson sold 1,050 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $73.00, for a total transaction of $76,650.00. Following the completion of the transaction, the director directly owned 8,075 shares in the company, valued at $589,475. The trade was a 11.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,150 shares of company stock worth $1,094,667 over the last quarter. 4.20% of the stock is currently owned by insiders.

Prosperity Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 15th will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, December 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from Prosperity Bancshares’s previous quarterly dividend of $0.58. Prosperity Bancshares’s dividend payout ratio (DPR) is currently 42.78%.

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.