DA Davidson Reiterates Neutral Rating for Prosperity Bancshares (NYSE:PB)

Prosperity Bancshares (NYSE:PB)‘s stock had its “neutral” rating reiterated by investment analysts at DA Davidson in a report issued on Thursday, Marketbeat Ratings reports. They presently have a $76.00 price target on the bank’s stock. DA Davidson’s price target would suggest a potential upside of 10.73% from the company’s current price.

PB has been the topic of a number of other research reports. Piper Sandler downgraded shares of Prosperity Bancshares from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $77.00 to $74.00 in a research report on Thursday. Hovde Group lifted their price target on shares of Prosperity Bancshares from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday. Royal Bank Of Canada dropped their price target on Prosperity Bancshares from $78.00 to $72.00 and set a “sector perform” rating on the stock in a research note on Friday, October 10th. Barclays set a $75.00 price objective on Prosperity Bancshares in a research note on Thursday. Finally, Stephens upped their target price on Prosperity Bancshares from $77.00 to $81.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $79.31.

Prosperity Bancshares Price Performance

Shares of Prosperity Bancshares stock traded up $1.52 on Thursday, hitting $68.63. 1,247,144 shares of the company’s stock traded hands, compared to its average volume of 1,053,824. Prosperity Bancshares has a one year low of $61.06 and a one year high of $81.53. The company has a fifty day moving average of $70.86 and a two-hundred day moving average of $68.31. The company has a market capitalization of $6.52 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 0.95 and a beta of 0.68.

Prosperity Bancshares (NYSE:PB) last issued its earnings results on Wednesday, January 28th. The bank reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.01. Prosperity Bancshares had a return on equity of 7.06% and a net margin of 30.28%.The business had revenue of $317.73 million during the quarter, compared to the consensus estimate of $319.30 million. During the same period in the previous year, the company posted $1.37 earnings per share. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. Equities research analysts anticipate that Prosperity Bancshares will post 5.83 earnings per share for the current year.

Insider Buying and Selling at Prosperity Bancshares

In other Prosperity Bancshares news, Director Ned S. Holmes sold 600 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $66.84, for a total value of $40,104.00. Following the completion of the sale, the director owned 43,300 shares in the company, valued at approximately $2,894,172. This trade represents a 1.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Harrison Stafford II sold 800 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $70.76, for a total value of $56,608.00. Following the completion of the transaction, the director directly owned 107,937 shares of the company’s stock, valued at approximately $7,637,622.12. This represents a 0.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 15,050 shares of company stock worth $1,056,009. Corporate insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Prosperity Bancshares

A number of hedge funds have recently made changes to their positions in PB. Mather Group LLC. purchased a new position in shares of Prosperity Bancshares in the 3rd quarter worth about $26,000. Community Bank N.A. bought a new stake in Prosperity Bancshares in the third quarter worth about $29,000. Danske Bank A S bought a new position in shares of Prosperity Bancshares during the 3rd quarter valued at approximately $40,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Prosperity Bancshares during the 3rd quarter valued at approximately $42,000. Finally, Employees Retirement System of Texas purchased a new stake in shares of Prosperity Bancshares during the 2nd quarter worth approximately $48,000. 80.69% of the stock is currently owned by institutional investors.

Key Prosperity Bancshares News

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

• Positive Sentiment: Analyst upgrade/price‑target lift — Hovde raised its price target to $77 and kept an “outperform” view, signaling some analysts see upside after the deal and results. Finviz
• Positive Sentiment: Scale and market share gain — The $2.0B cash‑and‑stock deal for Stellar Bancorp would make Prosperity the second‑largest Texas bank by deposits and strengthen its Houston/Dallas footprint, which could improve revenue growth and deposit mix over time. Benzinga
• Neutral Sentiment: Quarterly results were mixed — PB reported $1.46 EPS (beat by $0.01) and showed higher net interest income, but revenue was slightly below estimates and down ~6% YoY; operational metrics (ROE, net margin) remain intact. This explains the modestline‑item reaction on fundamentals. Zacks earnings
• Negative Sentiment: Investor concern over the acquisition — Markets initially sold the stock following the Stellar announcement (reports note a roughly 8% intraday drop), reflecting worries about deal size, dilution, integration risk and the mix of cash vs. stock consideration. Coverage highlighting why PB shares dropped is driving the negative sentiment. Zacks on drop AAII analysis

About Prosperity Bancshares

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.