What is Zacks Research’s Estimate for PB FY2028 Earnings?

Prosperity Bancshares, Inc. (NYSE:PB) – Stock analysts at Zacks Research issued their FY2028 earnings per share estimates for Prosperity Bancshares in a report released on Wednesday, February 18th. Zacks Research analyst Team forecasts that the bank will post earnings per share of $7.80 for the year. The consensus estimate for Prosperity Bancshares’ current full-year earnings is $5.83 per share.

PB has been the topic of a number of other reports. Janney Montgomery Scott lowered shares of Prosperity Bancshares from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 3rd. DA Davidson reiterated a “neutral” rating and set a $76.00 price objective on shares of Prosperity Bancshares in a report on Thursday, January 29th. Stephens upped their price objective on Prosperity Bancshares from $77.00 to $81.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Raymond James Financial downgraded Prosperity Bancshares from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 7th. Finally, Hovde Group increased their target price on Prosperity Bancshares from $75.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $78.77.

Prosperity Bancshares Trading Down 0.4%

NYSE PB opened at $72.97 on Friday. The business’s 50-day moving average price is $71.83 and its two-hundred day moving average price is $68.62. Prosperity Bancshares has a 12 month low of $61.06 and a 12 month high of $78.18. The firm has a market capitalization of $6.93 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 1.02 and a beta of 0.67.

Prosperity Bancshares (NYSE:PB) last announced its quarterly earnings results on Wednesday, January 28th. The bank reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.01. The company had revenue of $317.73 million for the quarter, compared to analyst estimates of $319.30 million. Prosperity Bancshares had a net margin of 31.22% and a return on equity of 7.11%. The firm’s revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 EPS.

Hedge Funds Weigh In On Prosperity Bancshares

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sepio Capital LP increased its stake in Prosperity Bancshares by 2.4% in the 4th quarter. Sepio Capital LP now owns 5,701 shares of the bank’s stock worth $394,000 after buying an additional 133 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Prosperity Bancshares by 1.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 14,324 shares of the bank’s stock worth $990,000 after purchasing an additional 145 shares in the last quarter. Clearstead Advisors LLC grew its position in shares of Prosperity Bancshares by 10.9% during the third quarter. Clearstead Advisors LLC now owns 1,614 shares of the bank’s stock valued at $107,000 after purchasing an additional 159 shares in the last quarter. Bfsg LLC increased its holdings in shares of Prosperity Bancshares by 5.1% in the third quarter. Bfsg LLC now owns 3,363 shares of the bank’s stock worth $223,000 after purchasing an additional 164 shares during the last quarter. Finally, AE Wealth Management LLC lifted its position in Prosperity Bancshares by 3.8% during the second quarter. AE Wealth Management LLC now owns 4,640 shares of the bank’s stock valued at $326,000 after purchasing an additional 172 shares during the last quarter. 80.69% of the stock is owned by institutional investors.

Insider Activity at Prosperity Bancshares

In other news, Director Ned S. Holmes sold 500 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $76.08, for a total value of $38,040.00. Following the completion of the transaction, the director owned 82,415 shares in the company, valued at $6,270,133.20. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 15,050 shares of company stock valued at $1,073,264. Insiders own 4.20% of the company’s stock.

Prosperity Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, March 13th. Prosperity Bancshares’s payout ratio is 41.88%.

Prosperity Bancshares Company Profile

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.