What is DA Davidson’s Forecast for PB Q1 Earnings?

Prosperity Bancshares, Inc. (NYSE:PB) – Equities researchers at DA Davidson issued their Q1 2025 earnings per share estimates for shares of Prosperity Bancshares in a report released on Thursday, January 30th. DA Davidson analyst P. Winter forecasts that the bank will post earnings of $1.34 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $78.00 target price on the stock. The consensus estimate for Prosperity Bancshares’ current full-year earnings is $5.78 per share.

A number of other equities research analysts also recently commented on the stock. Barclays lifted their target price on shares of Prosperity Bancshares from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Wedbush reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Prosperity Bancshares in a report on Thursday, October 24th. Wolfe Research reissued a “peer perform” rating on shares of Prosperity Bancshares in a report on Thursday, December 5th. UBS Group cut their price target on Prosperity Bancshares from $77.00 to $76.00 and set a “buy” rating for the company in a research note on Thursday, December 26th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $77.00 price objective on shares of Prosperity Bancshares in a research note on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.88.

Prosperity Bancshares Stock Down 0.4 %

Shares of PB stock opened at $79.96 on Friday. The company has a 50 day moving average price of $78.68 and a 200-day moving average price of $75.07. Prosperity Bancshares has a 52 week low of $57.16 and a 52 week high of $86.75. The firm has a market capitalization of $7.62 billion, a PE ratio of 15.80, a P/E/G ratio of 1.12 and a beta of 0.93.

Prosperity Bancshares (NYSE:PB) last posted its quarterly earnings results on Wednesday, January 29th. The bank reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.04. Prosperity Bancshares had a return on equity of 6.68% and a net margin of 26.79%.

Institutional Investors Weigh In On Prosperity Bancshares

A number of hedge funds have recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new position in shares of Prosperity Bancshares in the 3rd quarter worth $4,804,000. Prospector Partners LLC grew its position in Prosperity Bancshares by 24.6% in the third quarter. Prospector Partners LLC now owns 228,992 shares of the bank’s stock worth $16,503,000 after acquiring an additional 45,177 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Prosperity Bancshares by 0.9% during the third quarter. Thrivent Financial for Lutherans now owns 818,744 shares of the bank’s stock worth $59,007,000 after acquiring an additional 6,972 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Prosperity Bancshares during the third quarter valued at approximately $372,000. Finally, US Bancorp DE lifted its stake in shares of Prosperity Bancshares by 3.4% in the 3rd quarter. US Bancorp DE now owns 4,720 shares of the bank’s stock valued at $340,000 after purchasing an additional 153 shares during the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Prosperity Bancshares

In other Prosperity Bancshares news, Director Leah Henderson sold 1,100 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $83.24, for a total value of $91,564.00. Following the sale, the director now owns 7,525 shares in the company, valued at $626,381. The trade was a 12.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman H E. Timanus, Jr. sold 4,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $86.50, for a total transaction of $346,000.00. Following the transaction, the chairman now directly owns 229,953 shares of the company’s stock, valued at $19,890,934.50. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,100 shares of company stock worth $1,236,104. 4.28% of the stock is owned by corporate insiders.

Prosperity Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.58 per share. The ex-dividend date is Friday, March 14th. This represents a $2.32 annualized dividend and a dividend yield of 2.90%. Prosperity Bancshares’s payout ratio is 45.85%.

Prosperity Bancshares Company Profile

Prosperity Bancshares, Inc operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts, as well as and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; term loans and lines of credit; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and purchase of equipment and machinery.