Prosperity Bancshares (NYSE:PB) Price Target Raised to $77.00

Prosperity Bancshares (NYSE:PB) had its price objective boosted by Hovde Group from $75.00 to $77.00 in a report released on Thursday, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the bank’s stock.

PB has been the subject of several other research reports. Barclays set a $75.00 target price on shares of Prosperity Bancshares in a report on Thursday. TD Cowen reissued a “buy” rating on shares of Prosperity Bancshares in a report on Wednesday, January 7th. Piper Sandler cut shares of Prosperity Bancshares from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $77.00 to $74.00 in a research note on Thursday. Stephens increased their price objective on Prosperity Bancshares from $77.00 to $81.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Prosperity Bancshares in a research report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Prosperity Bancshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.31.

Prosperity Bancshares Trading Up 0.8%

NYSE:PB opened at $68.98 on Thursday. The stock has a market capitalization of $6.55 billion, a P/E ratio of 12.04, a P/E/G ratio of 0.89 and a beta of 0.68. The stock has a 50-day moving average price of $70.93 and a 200 day moving average price of $68.24. Prosperity Bancshares has a 12-month low of $61.06 and a 12-month high of $81.53.

Prosperity Bancshares (NYSE:PB) last announced its earnings results on Wednesday, January 28th. The bank reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.01. Prosperity Bancshares had a return on equity of 7.11% and a net margin of 31.22%.The business had revenue of $317.73 million during the quarter, compared to analysts’ expectations of $319.30 million. During the same quarter in the prior year, the firm earned $1.37 earnings per share. The business’s revenue was down 5.9% compared to the same quarter last year. On average, research analysts predict that Prosperity Bancshares will post 5.83 earnings per share for the current fiscal year.

Prosperity Bancshares Dividend Announcement

The company also recently disclosed 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 3.5%. The ex-dividend date is Friday, March 13th. Prosperity Bancshares’s payout ratio is currently 41.88%.

Insider Buying and Selling at Prosperity Bancshares

In other Prosperity Bancshares news, Director Leah Henderson sold 1,050 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $73.00, for a total transaction of $76,650.00. Following the completion of the transaction, the director owned 8,075 shares in the company, valued at approximately $589,475. This trade represents a 11.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harrison Stafford II sold 800 shares of the firm’s stock in a transaction dated 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 sale, the director 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,150 shares of company stock valued at $1,129,356 in the last ninety days. 4.20% of the stock is currently owned by company insiders.

Institutional Trading of Prosperity Bancshares

A number of institutional investors have recently modified their holdings of PB. Vanguard Group Inc. lifted its stake in Prosperity Bancshares by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 10,256,927 shares of the bank’s stock worth $708,856,000 after purchasing an additional 140,035 shares during the last quarter. State Street Corp lifted its position in shares of Prosperity Bancshares by 6.6% during the 3rd quarter. State Street Corp now owns 5,580,039 shares of the bank’s stock valued at $373,231,000 after buying an additional 343,062 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Prosperity Bancshares by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,784,022 shares of the bank’s stock valued at $317,416,000 after purchasing an additional 28,994 shares during the last quarter. AQR Capital Management LLC raised its position in Prosperity Bancshares by 43.6% during the third quarter. AQR Capital Management LLC now owns 3,421,408 shares of the bank’s stock valued at $226,531,000 after purchasing an additional 1,038,246 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Prosperity Bancshares by 48.7% during the third quarter. American Century Companies Inc. now owns 2,122,031 shares of the bank’s stock valued at $140,797,000 after purchasing an additional 695,114 shares during the period. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

More Prosperity Bancshares News

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

• Positive Sentiment: Q4 results beat estimates on higher net interest income (EPS slightly above consensus), which supports the bank’s earnings outlook and underpins value-focused investor interest. Zacks: PB Q4 Earnings
• Positive Sentiment: Hovde Group raised its price target to $77 and maintains an outperform view, signaling institutional confidence in medium-term upside and supporting buy-side interest. Finviz / Hovde note
• Neutral Sentiment: DA Davidson reiterated a “Neutral” rating with a $76 price target (roughly mid-teens upside from recent levels), which is a watch-and-wait signal that could cap near-term upside while suggesting fair value at current prices. AmericanBankingNews: DA Davidson
• Neutral Sentiment: Analyst coverage roundup and value-stock commentary (e.g., Benzinga, Zacks pieces) highlight PB’s attractive valuation metrics (low P/E, solid dividend history) — supportive for long-term investors but not an immediate catalyst. Benzinga: Analyst Insights
• Negative Sentiment: Announcement of the $2.0B stock-and-cash deal to acquire Stellar Bancorp triggered an initial share drop as investors digest dilution, integration risk and deal execution concerns. The transaction is a primary driver of recent volatility. TipRanks: Stellar merger
• Negative Sentiment: A law firm (Kahn Swick & Foti) has launched an investor probe into the adequacy of the Stellar sale process and price, adding legal/transactional risk and potential reputational/headline volatility. BusinessWire: Investor Alert
• Negative Sentiment: Insider selling by a director (small blocks disclosed via SEC filings) can be perceived negatively by some investors even though sizes are modest relative to holdings; it may add short-term selling pressure. SEC filing: insider sales

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.