Citizens Financial Group Inc. RI Acquires New Position in Prosperity Bancshares, Inc. $PB

Posted by Francis Steltz on Aug 20th, 2026

Citizens Financial Group Inc. RI acquired a new stake in shares of Prosperity Bancshares, Inc. (NYSE:PB – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 8,548 shares of the bank’s stock, valued at approximately $629,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PB. BlackRock Inc. purchased a new position in shares of Prosperity Bancshares in the second quarter worth about $746,776,000. AQR Capital Management LLC lifted its stake in shares of Prosperity Bancshares by 175.1% during the 2nd quarter. AQR Capital Management LLC now owns 2,383,162 shares of the bank’s stock valued at $167,393,000 after buying an additional 1,516,939 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Prosperity Bancshares by 910.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,311,051 shares of the bank’s stock worth $90,607,000 after buying an additional 1,181,295 shares during the period. Bank of New York Mellon Corp bought a new position in Prosperity Bancshares in the 2nd quarter worth approximately $57,877,000. Finally, North Reef Capital Management LP grew its stake in Prosperity Bancshares by 149.0% in the 1st quarter. North Reef Capital Management LP now owns 1,107,877 shares of the bank’s stock valued at $74,427,000 after buying an additional 662,877 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

Prosperity Bancshares Stock Performance

NYSE PB opened at $72.94 on Thursday. The company’s 50 day simple moving average is $72.98 and its two-hundred day simple moving average is $70.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.75 and a quick ratio of 0.75. Prosperity Bancshares, Inc. has a 1 year low of $61.06 and a 1 year high of $77.20. The stock has a market capitalization of $7.36 billion, a PE ratio of 12.64, a P/E/G ratio of 0.81 and a beta of 0.64.

Prosperity Bancshares (NYSE:PB – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The bank reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.12. The firm had revenue of $369.18 million during the quarter, compared to analyst estimates of $380.73 million. Prosperity Bancshares had a net margin of 29.95% and a return on equity of 7.39%. The business’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.42 EPS. Analysts predict that Prosperity Bancshares, Inc. will post 6.45 earnings per share for the current fiscal year.

Prosperity Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Tuesday, September 15th. Prosperity Bancshares’s dividend payout ratio (DPR) is 41.59%.

Insider Activity at Prosperity Bancshares

In related news, Director Ned S. Holmes sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $69.30, for a total value of $41,580.00. Following the transaction, the director directly owned 40,400 shares in the company, valued at approximately $2,799,720. This represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 12,100 shares of company stock worth $872,923 over the last ninety days. 3.96% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PB shares. Citigroup increased their target price on Prosperity Bancshares from $75.00 to $79.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Wall Street Zen upgraded Prosperity Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Royal Bank Of Canada boosted their price objective on Prosperity Bancshares from $78.00 to $80.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Weiss Ratings raised Prosperity Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 29th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $80.00 target price on shares of Prosperity Bancshares in a research note on Tuesday, June 23rd. Five research 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. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $78.36.

Read Our Latest Report on Prosperity Bancshares

Prosperity Bancshares Profile

(Free Report)

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.