West Family Investments Inc. Purchases New Position in Prosperity Bancshares, Inc. $PB

Posted by Geri Gentry on Sep 9th, 2026

West Family Investments Inc. purchased a new position in shares of Prosperity Bancshares, Inc. (NYSE:PB – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm purchased 7,168 shares of the bank’s stock, valued at approximately $523,000.

A number of other hedge funds have also made changes to their positions in the stock. Waverly Advisors LLC grew its stake in shares of Prosperity Bancshares by 21.9% in the second quarter. Waverly Advisors LLC now owns 7,126 shares of the bank’s stock worth $520,000 after acquiring an additional 1,278 shares during the last quarter. Nykredit A S bought a new stake in Prosperity Bancshares in the 2nd quarter valued at $427,000. Parkside Financial Bank & Trust grew its position in Prosperity Bancshares by 52.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 576 shares of the bank’s stock worth $42,000 after purchasing an additional 197 shares during the last quarter. Corient Private Wealth LP grew its position in Prosperity Bancshares by 22.2% during the second quarter. Corient Private Wealth LP now owns 29,432 shares of the bank’s stock worth $2,159,000 after buying an additional 5,351 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Prosperity Bancshares during the 2nd quarter worth approximately $475,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Prosperity Bancshares Stock Down 1.3%

PB stock opened at $71.83 on Wednesday. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 12.45, a P/E/G ratio of 0.79 and a beta of 0.63. Prosperity Bancshares, Inc. has a twelve month low of $61.06 and a twelve month high of $77.20. The business has a 50 day moving average price of $73.04 and a two-hundred day moving average price of $70.42. 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 (NYSE:PB – Get Free Report) last posted 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. The firm had revenue of $391.25 million for 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 company’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.42 earnings per share. Analysts anticipate that Prosperity Bancshares, Inc. will post 6.47 EPS for the current fiscal year.

Prosperity Bancshares Announces Dividend

The company 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 $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, September 15th. Prosperity Bancshares’s dividend payout ratio (DPR) is 41.59%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of Prosperity Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 29th. Piper Sandler boosted their target price 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. Morgan Stanley cut Prosperity Bancshares from an “equal weight” rating to an “underweight” rating and set a $80.00 target price for the company. in a research note on Tuesday. TD Cowen boosted their target price on Prosperity Bancshares from $82.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $80.00 target price on shares of Prosperity Bancshares in a research note on Tuesday, June 23rd. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $78.36.

Get Our Latest Stock Analysis on Prosperity Bancshares

Insider Buying and Selling

In other Prosperity Bancshares news, Director Ned Holmes sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $71.66, for a total transaction of $42,996.00. Following the transaction, the director owned 40,100 shares of the company’s stock, valued at $2,873,566. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 11,000 shares of company stock worth $803,147 in the last three months. Company insiders own 3.96% of the company’s stock.

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.