CFO4Life Group LLC acquired a new stake in shares of Prosperity Bancshares, Inc. (NYSE:PB – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 17,922 shares of the bank’s stock, valued at approximately $1,309,000.
Several other large investors also recently added to or reduced their stakes in the stock. Danske Bank A S purchased a new stake in shares of Prosperity Bancshares in the third quarter valued at about $40,000. SouthState Bank Corp acquired a new stake in Prosperity Bancshares in the 4th quarter valued at approximately $49,000. Osaic Holdings Inc. grew its stake in shares of Prosperity Bancshares by 34.9% in the second quarter. Osaic Holdings Inc. now owns 719 shares of the bank’s stock valued at $51,000 after buying an additional 186 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Prosperity Bancshares in the second quarter valued at $54,000. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of Prosperity Bancshares in the 4th quarter valued at $55,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Prosperity Bancshares
In other news, Director Ned S. Holmes sold 500 shares of Prosperity Bancshares stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $73.64, for a total value of $36,820.00. Following the completion of the transaction, the director owned 70,615 shares in the company, valued at approximately $5,200,088.60. This trade represents a 0.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 12,100 shares of company stock valued at $872,923. 3.96% of the stock is owned by company insiders.
Key Prosperity Bancshares News
- Positive Sentiment: Zacks raised several earnings forecasts. The firm increased its FY2026 EPS estimate to $6.40 from $6.24, lifted FY2027 EPS to $7.22 from $7.16, and raised estimates for Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q4 2027 and Q1 2028. These revisions signal improving expectations for PB’s medium-term profitability. Prosperity Bancshares analyst estimates
- Neutral Sentiment: Investors are comparing PB’s valuation with Cullen/Frost Bankers. A Zacks analysis examines which Southwest bank offers the better value opportunity. PB trades at a relatively modest valuation, with a reported P/E ratio near 12.6, but the article’s impact depends on its comparative conclusion and may be limited without a new company-specific catalyst. PB versus CFR value analysis
- Negative Sentiment: Some future-quarter estimates were reduced. Zacks lowered its Q3 2027 EPS forecast to $1.81 from $1.85 and trimmed its Q2 2028 estimate to $1.92 from $1.93. The cuts are small, but they indicate that the earnings outlook is not uniformly improving. Prosperity Bancshares revised estimates
- Negative Sentiment: Director Ned S. Holmes sold 1,100 shares for approximately $81,000 across two transactions at prices around $73.64–$73.67. He retained a substantial position, so the sales are not necessarily a strong bearish signal, but insider selling can weigh modestly on sentiment. SEC insider transaction filing
Prosperity Bancshares Stock Up 0.4%
Prosperity Bancshares stock opened at $72.86 on Friday. Prosperity Bancshares, Inc. has a twelve month low of $61.06 and a twelve month high of $77.20. The stock’s fifty day simple moving average is $73.01 and its 200-day simple moving average is $70.53. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $7.35 billion, a P/E ratio of 12.63, a P/E/G ratio of 0.79 and a beta of 0.64.
Prosperity Bancshares (NYSE:PB – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The bank reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.12. The business had revenue of $369.18 million for the quarter, compared to analysts’ expectations of $380.73 million. Prosperity Bancshares had a return on equity of 7.39% and a net margin of 29.95%.The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period last year, the firm earned $1.42 earnings per share. As a group, equities analysts expect that Prosperity Bancshares, Inc. will post 6.47 earnings per share for the current fiscal year.
Prosperity Bancshares Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.40 dividend on an annualized basis and a yield of 3.3%. Prosperity Bancshares’s dividend payout ratio (DPR) is currently 41.59%.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Cantor Fitzgerald reissued an “overweight” rating and set a $80.00 target price on shares of Prosperity Bancshares in a research note on Tuesday, June 23rd. TD Cowen lifted their target price on Prosperity Bancshares from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Piper Sandler boosted their price target on shares of Prosperity Bancshares from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Morgan Stanley reissued an “equal weight” rating and set a $80.00 price target (down from $85.00) on shares of Prosperity Bancshares in a research report on Monday, July 6th. Finally, Benchmark initiated coverage on shares of Prosperity Bancshares in a research note on Wednesday, June 24th. They issued a “hold” rating for the company. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $78.36.
Read Our Latest Analysis on PB
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.
Featured Stories
- Five stocks we like better than Prosperity Bancshares
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
Want to see what other hedge funds are holding PB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prosperity Bancshares, Inc. (NYSE:PB – Free Report).
Receive News & Ratings for Prosperity Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prosperity Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.
