Prosperity Bancshares, Inc. Expected to Earn Q1 2025 Earnings of $1.29 Per Share (NYSE:PB)

Prosperity Bancshares, Inc. (NYSE:PB) – Stock analysts at Wedbush issued their Q1 2025 earnings per share estimates for shares of Prosperity Bancshares in a research report issued on Wednesday, March 27th. Wedbush analyst D. Chiaverini forecasts that the bank will post earnings per share of $1.29 for the quarter. The consensus estimate for Prosperity Bancshares’ current full-year earnings is $5.06 per share. Wedbush also issued estimates for Prosperity Bancshares’ Q2 2025 earnings at $1.41 EPS, Q3 2025 earnings at $1.53 EPS and Q4 2025 earnings at $1.52 EPS.

A number of other analysts also recently issued reports on PB. Truist Financial raised their price objective on Prosperity Bancshares from $61.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Royal Bank of Canada reissued a “sector perform” rating and set a $70.00 price objective on shares of Prosperity Bancshares in a research report on Thursday, January 25th. Morgan Stanley raised Prosperity Bancshares from an “underweight” rating to an “equal weight” rating and set a $69.00 price objective for the company in a research report on Wednesday, February 7th. Raymond James raised their price objective on Prosperity Bancshares from $65.00 to $80.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 5th. Finally, UBS Group raised their price objective on Prosperity Bancshares from $65.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Prosperity Bancshares currently has a consensus rating of “Moderate Buy” and an average target price of $68.79.

Prosperity Bancshares Trading Up 1.1 %

Shares of NYSE:PB opened at $65.78 on Friday. The business has a 50-day moving average price of $63.32 and a 200 day moving average price of $60.67. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 1.30 and a beta of 0.93. Prosperity Bancshares has a 12-month low of $49.60 and a 12-month high of $68.88.

Prosperity Bancshares (NYSE:PB) last issued its earnings results on Wednesday, January 24th. The bank reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $413.00 million during the quarter, compared to the consensus estimate of $279.34 million. Prosperity Bancshares had a return on equity of 6.62% and a net margin of 26.24%. During the same period last year, the company earned $1.51 EPS.

Prosperity Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.41%. The ex-dividend date is Thursday, March 14th. Prosperity Bancshares’s dividend payout ratio is currently 49.45%.

Hedge Funds Weigh In On Prosperity Bancshares

Institutional investors have recently bought and sold shares of the company. Planned Solutions Inc. purchased a new position in shares of Prosperity Bancshares in the 4th quarter valued at about $37,000. GAMMA Investing LLC purchased a new position in shares of Prosperity Bancshares in the 4th quarter valued at about $38,000. Covestor Ltd boosted its stake in shares of Prosperity Bancshares by 83.6% in the 1st quarter. Covestor Ltd now owns 692 shares of the bank’s stock valued at $48,000 after buying an additional 315 shares during the period. Parallel Advisors LLC boosted its stake in shares of Prosperity Bancshares by 835.9% in the 4th quarter. Parallel Advisors LLC now owns 730 shares of the bank’s stock valued at $49,000 after buying an additional 652 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Prosperity Bancshares by 171.5% in the 4th quarter. Signaturefd LLC now owns 744 shares of the bank’s stock valued at $50,000 after buying an additional 470 shares during the period. 80.69% of the stock is owned by institutional investors and hedge funds.

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.