Bull Harbor Capital LLC Invests $1.02 Million in Prosperity Bancshares, Inc. $PB

Bull Harbor Capital LLC bought a new position in shares of Prosperity Bancshares, Inc. (NYSE:PB) during the 1st quarter, Holdings Channel reports. The institutional investor bought 15,171 shares of the bank’s stock, valued at approximately $1,019,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PB. Amundi raised its position in Prosperity Bancshares by 915.6% during the first quarter. Amundi now owns 36,957 shares of the bank’s stock worth $2,483,000 after acquiring an additional 33,318 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Prosperity Bancshares by 48.3% in the first quarter. EverSource Wealth Advisors LLC now owns 5,280 shares of the bank’s stock valued at $355,000 after acquiring an additional 1,719 shares during the last quarter. California State Teachers Retirement System grew its position in shares of Prosperity Bancshares by 34.9% in the 1st quarter. California State Teachers Retirement System now owns 120,082 shares of the bank’s stock valued at $8,067,000 after acquiring an additional 31,088 shares during the period. Royal Bank of Canada grew its position in shares of Prosperity Bancshares by 76.0% in the 1st quarter. Royal Bank of Canada now owns 16,020 shares of the bank’s stock valued at $1,077,000 after acquiring an additional 6,917 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Prosperity Bancshares by 152.9% during the 1st quarter. Empowered Funds LLC now owns 34,403 shares of the bank’s stock worth $2,311,000 after purchasing an additional 20,797 shares during the last quarter. 80.69% of the stock is owned by institutional investors.

Prosperity Bancshares Price Performance

Prosperity Bancshares stock opened at $74.17 on Thursday. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 1.18 and a beta of 0.63. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.01. Prosperity Bancshares, Inc. has a 12 month low of $61.06 and a 12 month high of $77.20. The stock’s 50 day moving average is $71.42 and its 200-day moving average is $70.24.

Prosperity Bancshares (NYSE:PB) last released its quarterly earnings results on Wednesday, July 29th. The bank reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.11. The business had revenue of $391.25 million during the quarter, compared to analysts’ expectations of $380.73 million. Prosperity Bancshares had a return on equity of 7.20% and a net margin of 29.50%.The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period last year, the firm posted $1.42 EPS. Equities research analysts expect that Prosperity Bancshares, Inc. will post 6.25 EPS for the current year.

Prosperity Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.2%. Prosperity Bancshares’s dividend payout ratio (DPR) is currently 43.48%.

Analysts Set New Price Targets

PB has been the subject of several recent analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $80.00 target price on shares of Prosperity Bancshares in a research note on Tuesday, June 23rd. Benchmark initiated coverage on Prosperity Bancshares in a research note on Wednesday, June 24th. They issued a “hold” rating on the stock. TD Cowen raised their price objective on Prosperity Bancshares from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Wall Street Zen raised Prosperity Bancshares from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $80.00 target price (down from $85.00) on shares of Prosperity Bancshares in a research note on Monday, July 6th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $76.36.

Insider Activity

In related news, Director Ned S. Holmes sold 600 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $70.61, for a total value of $42,366.00. Following the transaction, the director directly owned 39,800 shares in the company, valued at approximately $2,810,278. This represents a 1.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 11,000 shares of company stock valued at $772,745 over the last three months. Insiders own 3.96% of the company’s stock.

Key Headlines Impacting Prosperity Bancshares

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

• Positive Sentiment: Q2 earnings and revenue beat estimates. Prosperity reported adjusted diluted EPS of $1.62, above the $1.51 consensus estimate, while revenue of approximately $391.3 million exceeded expectations of $380.7 million. EPS rose from $1.42 a year earlier, and revenue increased 25.9% year over year. Prosperity Bancshares Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Banking fundamentals improved. Net interest margin expanded to 3.47% from 3.18% a year earlier, while net interest income before credit-loss provisions increased 23.5% to $330.6 million. Assets grew 14.2% year over year to $43.9 billion, supported by acquisitions and deposit growth. Prosperity Bancshares Reports Second Quarter 2026 Earnings
• Positive Sentiment: Merger activity strengthens the growth outlook. Prosperity completed its merger with Stellar Bancorp on July 1, following the American Bank Holding and Southwest Bancshares acquisitions earlier in 2026. Stellar contributed approximately $10.4 billion of assets, $7.5 billion of loans and $8.7 billion of deposits before the merger.
• Positive Sentiment: Shareholder returns remain supportive. The company declared a quarterly cash dividend of $0.60 per share and repurchased approximately 200,000 shares during the quarter, bringing 2026 repurchases to about 1 million shares. Credit quality also remained sound, with nonperforming assets at just 0.34% of average interest-earning assets.
• Neutral Sentiment: Analyst sentiment is cautious. Prosperity Bancshares received an average “Hold” recommendation, suggesting that investors may view the strong results as largely reflected in the stock’s valuation and may await evidence of successful Stellar integration.
• Negative Sentiment: Insider selling is a potential overhang. Reported insider activity over the past six months consisted of sales without recorded purchases. While these transactions may be routine or unrelated to company fundamentals, they could temper investor enthusiasm.

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.