Northwestern Mutual Wealth Management Co. Has $3.58 Million Holdings in Prosperity Bancshares, Inc. $PB

Northwestern Mutual Wealth Management Co. lifted its stake in shares of Prosperity Bancshares, Inc. (NYSE:PB) by 1,034.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 51,789 shares of the bank’s stock after purchasing an additional 47,223 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Prosperity Bancshares were worth $3,579,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Community Bank N.A. bought a new position in shares of Prosperity Bancshares during the third quarter valued at $29,000. Danske Bank A S bought a new position in shares of Prosperity Bancshares during the third quarter valued at $40,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Prosperity Bancshares during the third quarter valued at $42,000. Osaic Holdings Inc. raised its stake in shares of Prosperity Bancshares by 34.9% during the second quarter. Osaic Holdings Inc. now owns 719 shares of the bank’s stock valued at $51,000 after acquiring an additional 186 shares during the last quarter. Finally, True Wealth Design LLC raised its stake in shares of Prosperity Bancshares by 179.6% during the fourth quarter. True Wealth Design LLC now owns 945 shares of the bank’s stock valued at $65,000 after acquiring an additional 607 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

Insider Buying and Selling at Prosperity Bancshares

In other news, Director Ned S. Holmes sold 500 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $68.78, for a total transaction of $34,390.00. Following the completion of the sale, the director directly owned 77,115 shares in the company, valued at $5,303,969.70. This represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 14,300 shares of company stock worth $977,250 in the last ninety days. Corporate insiders own 3.96% of the company’s stock.

Prosperity Bancshares Trading Up 0.0%

PB opened at $69.10 on Monday. Prosperity Bancshares, Inc. has a twelve month low of $61.06 and a twelve month high of $77.20. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average of $67.74 and a 200-day moving average of $69.52. The stock has a market cap of $6.97 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.06 and a beta of 0.65.

Prosperity Bancshares (NYSE:PB) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.09. Prosperity Bancshares had a net margin of 29.50% and a return on equity of 7.20%. The company had revenue of $367.62 million during the quarter, compared to analysts’ expectations of $358.60 million. During the same period in the prior year, the company posted $1.37 earnings per share. Prosperity Bancshares’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, sell-side analysts predict that Prosperity Bancshares, Inc. will post 6.27 EPS for the current year.

Prosperity Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, June 15th. This represents a $2.40 annualized dividend and a dividend yield of 3.5%. Prosperity Bancshares’s dividend payout ratio is 43.48%.

Key Stories Impacting Prosperity Bancshares

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

• Positive Sentiment: Zacks Research raised its forecasts for several periods, including FY2026 EPS to $6.24 and FY2028 EPS to $7.86, suggesting analysts still see solid long-term earnings growth for Prosperity Bancshares. Article Title
• Positive Sentiment: Analysts also nudged up near-term estimates for Q1 2027 and Q2 2027, reinforcing expectations that earnings should continue to improve over time. Article Title
• Neutral Sentiment: Director Ned S. Holmes disclosed multiple share sales totaling 1,100 shares at about $68.78 per share. While not necessarily a major red flag, insider selling can create a cautious tone for investors. Article Title
• Neutral Sentiment: Some Zacks estimates were trimmed for later periods, including Q4 2027, Q3 2027, and FY2027, indicating analysts see a bit more uncertainty in the out-years. Article Title
• Negative Sentiment: The repeated insider sales by the same director may be interpreted by some investors as a lack of near-term conviction, which can pressure sentiment in the stock. Article Title

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PB. Citigroup raised their price target on shares of Prosperity Bancshares from $72.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Cantor Fitzgerald raised their price target on shares of Prosperity Bancshares from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Hovde Group raised 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, January 29th. DA Davidson reaffirmed a “neutral” rating and set a $76.00 price target on shares of Prosperity Bancshares in a research note on Thursday, January 29th. Finally, Morgan Stanley dropped their price target on shares of Prosperity Bancshares from $91.00 to $83.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Prosperity Bancshares presently has an average rating of “Hold” and an average target price of $76.82.

Prosperity Bancshares 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.