Ieq Capital LLC purchased a new stake in Prosperity Bancshares, Inc. (NYSE:PB – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 272,487 shares of the bank’s stock, valued at approximately $19,900,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in PB. Gator Capital Management LLC acquired a new stake in shares of Prosperity Bancshares during the 4th quarter worth about $2,051,000. Bull Harbor Capital LLC purchased a new position in Prosperity Bancshares during the first quarter worth about $1,019,000. First National Bank of Omaha purchased a new position in Prosperity Bancshares during the fourth quarter worth about $6,390,000. SummitTX Capital L.P. acquired a new stake in shares of Prosperity Bancshares during the first quarter valued at about $3,878,000. Finally, Bank of America Corp DE increased its position in shares of Prosperity Bancshares by 11.6% during the first quarter. Bank of America Corp DE now owns 487,616 shares of the bank’s stock valued at $32,758,000 after acquiring an additional 50,575 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.
Analysts Set New Price Targets
PB has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Prosperity Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 29th. Benchmark initiated coverage on shares of Prosperity Bancshares in a report on Wednesday, June 24th. They issued a “hold” rating for the company. Royal Bank Of Canada lifted their target price on shares of Prosperity Bancshares from $78.00 to $80.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Wall Street Zen raised Prosperity Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $80.00 price target on shares of Prosperity Bancshares in a research note on Tuesday, June 23rd. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $78.36.
Prosperity Bancshares Stock Performance
NYSE PB opened at $72.86 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $7.35 billion, a P/E ratio of 12.63, a P/E/G ratio of 0.79 and a beta of 0.64. The stock has a 50-day moving average of $73.01 and a two-hundred day moving average of $70.53. Prosperity Bancshares, Inc. has a 1-year low of $61.06 and a 1-year high of $77.20.
Prosperity Bancshares (NYSE:PB – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The bank reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.12. Prosperity Bancshares had a net margin of 29.95% and a return on equity of 7.39%. The business had revenue of $369.18 million for the quarter, compared to analysts’ expectations of $380.73 million. During the same quarter in the prior year, the company earned $1.42 earnings per share. The business’s quarterly revenue was up 25.9% on a year-over-year basis. As a group, analysts anticipate that Prosperity Bancshares, Inc. will post 6.47 EPS for the current year.
Prosperity Bancshares Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Prosperity Bancshares’s dividend payout ratio is presently 41.59%.
Insider Transactions at Prosperity Bancshares
In other Prosperity Bancshares news, Director Ned S. Holmes sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $73.64, for a total value of $36,820.00. Following the completion of the transaction, the director owned 70,615 shares of the company’s stock, valued at $5,200,088.60. This trade represents a 0.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders have sold 12,100 shares of company stock worth $872,923. 3.96% of the stock is owned by corporate insiders.
Trending Headlines about Prosperity Bancshares
Here are the key news stories impacting Prosperity Bancshares this week:
- Positive Sentiment: Zacks raised several earnings forecasts. The firm increased its FY2026 EPS estimate to $6.40 from $6.24, lifted FY2027 EPS to $7.22 from $7.16, and raised estimates for Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q4 2027 and Q1 2028. These revisions signal improving expectations for PB’s medium-term profitability. Prosperity Bancshares analyst estimates
- Neutral Sentiment: Investors are comparing PB’s valuation with Cullen/Frost Bankers. A Zacks analysis examines which Southwest bank offers the better value opportunity. PB trades at a relatively modest valuation, with a reported P/E ratio near 12.6, but the article’s impact depends on its comparative conclusion and may be limited without a new company-specific catalyst. PB versus CFR value analysis
- Negative Sentiment: Some future-quarter estimates were reduced. Zacks lowered its Q3 2027 EPS forecast to $1.81 from $1.85 and trimmed its Q2 2028 estimate to $1.92 from $1.93. The cuts are small, but they indicate that the earnings outlook is not uniformly improving. Prosperity Bancshares revised estimates
- Negative Sentiment: Director Ned S. Holmes sold 1,100 shares for approximately $81,000 across two transactions at prices around $73.64–$73.67. He retained a substantial position, so the sales are not necessarily a strong bearish signal, but insider selling can weigh modestly on sentiment. SEC insider transaction filing
Prosperity Bancshares 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.
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