Port Capital LLC Buys Shares of 461,055 Prosperity Bancshares, Inc. $PB

Posted by Stanley Muller on Aug 27th, 2026

Port Capital LLC acquired a new stake in shares of Prosperity Bancshares, Inc. (NYSE:PB – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 461,055 shares of the bank’s stock, valued at approximately $33,671,000. Prosperity Bancshares makes up 1.4% of Port Capital LLC’s portfolio, making the stock its 27th biggest holding.

A number of other large investors also recently bought and sold shares of PB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Prosperity Bancshares by 21.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,198 shares of the bank’s stock valued at $2,155,000 after acquiring an additional 5,326 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Prosperity Bancshares by 36.8% during the 1st quarter. NewEdge Advisors LLC now owns 7,295 shares of the bank’s stock worth $521,000 after purchasing an additional 1,962 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Prosperity Bancshares by 5.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 346,151 shares of the bank’s stock valued at $24,705,000 after purchasing an additional 17,345 shares in the last quarter. Jane Street Group LLC boosted its position in Prosperity Bancshares by 182.8% during the first quarter. Jane Street Group LLC now owns 104,755 shares of the bank’s stock valued at $7,476,000 after purchasing an additional 67,712 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in Prosperity Bancshares in the second quarter valued at about $359,000. Institutional investors own 80.69% of the company’s stock.

Prosperity Bancshares Stock Up 0.8%

PB stock opened at $73.11 on Thursday. The firm has a 50 day moving average of $73.11 and a 200 day moving average of $70.55. The stock has a market capitalization of $7.37 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 0.79 and a beta of 0.64. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.01. Prosperity Bancshares, Inc. has a 52 week low of $61.06 and a 52 week high of $77.20.

Prosperity Bancshares (NYSE:PB – Get Free Report) last released its earnings results on Wednesday, July 29th. The bank reported $1.62 earnings per share 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 company had revenue of $369.18 million for the quarter, compared to the consensus estimate of $380.73 million. During the same quarter in the previous year, the firm earned $1.42 EPS. Prosperity Bancshares’s revenue was up 25.9% compared to the same quarter last year. Sell-side analysts forecast that Prosperity Bancshares, Inc. will post 6.47 earnings per share for the current year.

Prosperity Bancshares Announces Dividend

The business also recently disclosed 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 3.3%. Prosperity Bancshares’s payout ratio is 41.59%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PB. Royal Bank Of Canada boosted their target price on shares of Prosperity Bancshares from $78.00 to $80.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. 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 started coverage on shares of Prosperity Bancshares in a research note on Wednesday, June 24th. They set a “hold” rating for the company. Piper Sandler boosted their price objective on shares of Prosperity Bancshares from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Finally, Wall Street Zen upgraded shares of Prosperity Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $78.36.

Read Our Latest Stock Report on Prosperity Bancshares

Insider Buying and Selling at Prosperity Bancshares

In related news, Director Ned S. Holmes sold 600 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $73.18, for a total value of $43,908.00. Following the transaction, the director directly owned 39,100 shares of the company’s stock, valued at $2,861,338. This represents a 1.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 12,100 shares of company stock worth $877,186 over the last 90 days. 3.96% of the stock is owned by insiders.

About Prosperity Bancshares

(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.