Martin & Co. Inc. TN Purchases New Holdings in Prosperity Bancshares, Inc. $PB

Martin & Co. Inc. TN purchased a new position in shares of Prosperity Bancshares, Inc. (NYSE:PB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,777 shares of the bank’s stock, valued at approximately $2,248,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Prosperity Bancshares in the second quarter worth $746,776,000. AQR Capital Management LLC lifted its position in Prosperity Bancshares by 175.1% during the second quarter. AQR Capital Management LLC now owns 2,383,162 shares of the bank’s stock worth $167,393,000 after purchasing an additional 1,516,939 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Prosperity Bancshares by 910.4% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,311,051 shares of the bank’s stock worth $90,607,000 after purchasing an additional 1,181,295 shares during the period. Algebris UK Ltd. acquired a new stake in Prosperity Bancshares during the second quarter worth about $59,465,000. Finally, Bank of New York Mellon Corp acquired a new stake in Prosperity Bancshares during the second quarter worth about $57,877,000. Institutional investors own 80.69% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on PB. TD Cowen raised their target price on shares of Prosperity Bancshares from $82.00 to $84.00 and gave the company a “buy” rating in a report on Friday, July 31st. Piper Sandler raised their target price on Prosperity Bancshares from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Weiss Ratings raised Prosperity Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 29th. Cantor Fitzgerald restated an “overweight” rating and set a $80.00 price objective on shares of Prosperity Bancshares in a research report on Tuesday, June 23rd. Finally, Wall Street Zen raised Prosperity Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Prosperity Bancshares has an average rating of “Hold” and a consensus price target of $78.36.

Prosperity Bancshares News Summary

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

• 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 Performance

NYSE PB opened at $72.86 on Friday. The firm’s fifty day moving average price is $73.01 and its two-hundred day moving average price is $70.53. The stock has a market cap of $7.35 billion, a PE ratio of 12.63, a PEG ratio of 0.79 and a beta of 0.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.75 and a current ratio of 0.75. Prosperity Bancshares, Inc. has a fifty-two week low of $61.06 and a fifty-two week high of $77.20.

Prosperity Bancshares (NYSE:PB) last issued its quarterly earnings data on Wednesday, July 29th. The bank reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.12. Prosperity Bancshares had a return on equity of 7.39% and a net margin of 29.95%.The business had revenue of $369.18 million for the quarter, compared to analyst estimates of $380.73 million. During the same quarter in the previous year, the company posted $1.42 EPS. Prosperity Bancshares’s quarterly revenue was up 25.9% compared to the same quarter last year. On average, equities analysts expect that Prosperity Bancshares, Inc. will post 6.47 EPS for the current fiscal year.

Prosperity Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, September 15th. Prosperity Bancshares’s payout ratio is 41.59%.

Insider Buying and Selling at Prosperity Bancshares

In other news, Director Ned S. Holmes sold 500 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $5,200,088.60. This represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold 12,100 shares of company stock worth $872,923 in the last quarter. Insiders own 3.96% of the company’s stock.

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.