Prosperity Bancshares (NYSE:PB) Upgraded to “Outperform” at Raymond James Financial

Posted by George Bondi on Oct 7th, 2026

Raymond James Financial upgraded shares of Prosperity Bancshares (NYSE:PB – Free Report) from a market perform rating to an outperform rating in a report issued on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has $78.00 target price on the bank’s stock.

PB has been the subject of several other reports. Benchmark initiated coverage on Prosperity Bancshares in a research report on Wednesday, June 24th. They issued a “hold” rating for the company. Citigroup dropped their price objective on Prosperity Bancshares from $79.00 to $77.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 22nd. Weiss Ratings downgraded shares of Prosperity Bancshares from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, September 24th. TD Cowen decreased their price target on shares of Prosperity Bancshares from $84.00 to $78.00 and set a “buy” rating for the company in a research report on Monday. Finally, Wall Street Zen upgraded shares of Prosperity Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $78.00.

Read Our Latest Research Report on PB

Prosperity Bancshares Stock Performance

Shares of PB stock opened at $67.05 on Tuesday. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 0.73 and a beta of 0.66. Prosperity Bancshares has a 52-week low of $61.06 and a 52-week high of $77.20. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $71.60 and its 200 day moving average is $70.44.

Prosperity Bancshares (NYSE:PB – Get Free Report) last posted its earnings results on Wednesday, July 29th. The bank reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.12. The company had revenue of $391.25 million during the quarter, compared to analyst estimates of $380.73 million. Prosperity Bancshares had a return on equity of 7.39% and a net margin of 29.95%.Prosperity Bancshares’s revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.42 earnings per share. On average, sell-side analysts anticipate that Prosperity Bancshares will post 6.48 EPS for the current fiscal year.

Prosperity Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.6%. Prosperity Bancshares’s dividend payout ratio (DPR) is presently 41.59%.

Insiders Place Their Bets

In related news, Director Ned Holmes sold 600 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $74.26, for a total transaction of $44,556.00. Following the transaction, the director directly owned 39,500 shares of the company’s stock, valued at $2,933,270. This represents a 1.50% 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 sold 10,500 shares of company stock worth $757,621. 3.96% of the stock is owned by insiders.

Institutional Investors Weigh In On Prosperity Bancshares

Institutional investors have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust increased its holdings in shares of Prosperity Bancshares by 52.0% during the second quarter. Parkside Financial Bank & Trust now owns 576 shares of the bank’s stock valued at $42,000 after acquiring an additional 197 shares in the last quarter. SouthState Bank Corp purchased a new stake in Prosperity Bancshares during the 4th quarter worth approximately $49,000. Global Retirement Partners LLC purchased a new stake in Prosperity Bancshares during the 2nd quarter worth approximately $54,000. Root Financial Partners LLC grew its position in Prosperity Bancshares by 310.6% during the 1st quarter. Root Financial Partners LLC now owns 1,162 shares of the bank’s stock worth $78,000 after purchasing an additional 879 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Prosperity Bancshares by 33.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,990 shares of the bank’s stock valued at $145,000 after purchasing an additional 503 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Trending Headlines about Prosperity Bancshares

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

Positive Sentiment: Raymond James raised its rating on Prosperity Bancshares to Outperform from Market Perform and established a $78 target. The call suggests the firm sees improved earnings, valuation, or operating prospects relative to the broader banking sector. Raymond James upgrades Prosperity Bancshares stock to Outperform
Positive Sentiment: Morgan Stanley raised its price target for PB, adding another favorable analyst revision and reinforcing the view that the shares may be undervalued at current levels. The updated target was not specified in the available report. Morgan Stanley raises target for Prosperity Bancshares stock
Neutral Sentiment: PB’s latest reported quarter showed earnings and revenue above consensus, with year-over-year revenue growth, supporting the fundamental case behind the recent analyst optimism. However, the shares remain below their 50-day and 200-day moving averages, indicating continued technical pressure.
Negative Sentiment: TD Cowen lowered its price target to $78 from $84, citing a more cautious outlook, although it maintained a Buy rating. The reduced target tempers the impact of the other upgrades and signals some uncertainty about the bank’s growth or valuation prospects. TD Cowen Issues Pessimistic Forecast for Prosperity Bancshares

Prosperity Bancshares Company Profile

(Get Free Report)

Prosperity Bancshares, Inc is a bank holding company headquartered in Houston, Texas. Through its principal subsidiary, Prosperity Bank, the company provides a range of banking and financial services to individuals, businesses and institutional customers.

Prosperity Bank offers deposit accounts, commercial and consumer lending, mortgage and real estate loans, treasury management, cash management, online and mobile banking, and other related financial services. Its lending activities support businesses, agricultural customers, real estate projects and consumers.

Founded in 1983, Prosperity Bancshares has expanded through organic growth and acquisitions.