Wedbush Has Bearish Forecast for PB FY2026 Earnings

Prosperity Bancshares, Inc. (NYSE:PB) – Equities researchers at Wedbush lowered their FY2026 earnings per share (EPS) estimates for shares of Prosperity Bancshares in a research note issued on Tuesday, November 5th. Wedbush analyst D. Chiaverini now anticipates that the bank will post earnings per share of $6.40 for the year, down from their previous forecast of $6.45. Wedbush currently has a “Outperform” rating and a $90.00 target price on the stock. The consensus estimate for Prosperity Bancshares’ current full-year earnings is $5.05 per share.

Several other equities analysts have also recently issued reports on the company. Morgan Stanley raised Prosperity Bancshares from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $75.00 to $86.00 in a report on Monday, August 5th. Truist Financial cut Prosperity Bancshares from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $81.00 to $79.00 in a report on Friday, September 20th. Raymond James cut Prosperity Bancshares from a “strong-buy” rating to an “outperform” rating and set a $80.00 price objective for the company. in a report on Tuesday, September 17th. Hovde Group lifted their price objective on Prosperity Bancshares from $80.50 to $82.50 and gave the stock an “outperform” rating in a report on Monday, August 26th. Finally, DA Davidson cut Prosperity Bancshares from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $80.00 to $78.00 in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $78.96.

Prosperity Bancshares Stock Performance

Shares of PB stock opened at $80.88 on Thursday. The stock has a fifty day moving average price of $72.58 and a 200 day moving average price of $67.45. The stock has a market cap of $7.70 billion, a PE ratio of 17.17, a P/E/G ratio of 1.08 and a beta of 0.89. Prosperity Bancshares has a 1 year low of $54.38 and a 1 year high of $81.11.

Prosperity Bancshares (NYSE:PB) last posted its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.34 EPS for the quarter, beating the consensus estimate of $1.31 by $0.03. The business had revenue of $459.00 million during the quarter, compared to analysts’ expectations of $299.83 million. Prosperity Bancshares had a return on equity of 6.46% and a net margin of 25.39%. During the same period last year, the firm earned $1.20 EPS.

Institutional Investors Weigh In On Prosperity Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in PB. BNP Paribas Financial Markets grew its position in shares of Prosperity Bancshares by 19.3% in the first quarter. BNP Paribas Financial Markets now owns 7,206 shares of the bank’s stock valued at $474,000 after purchasing an additional 1,166 shares during the period. Central Pacific Bank Trust Division purchased a new stake in Prosperity Bancshares during the first quarter valued at about $201,000. Texas Permanent School Fund Corp grew its position in Prosperity Bancshares by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 82,024 shares of the bank’s stock valued at $5,396,000 after acquiring an additional 1,068 shares during the period. SG Americas Securities LLC grew its position in Prosperity Bancshares by 363.4% during the first quarter. SG Americas Securities LLC now owns 23,665 shares of the bank’s stock valued at $1,557,000 after acquiring an additional 18,558 shares during the period. Finally, Tectonic Advisors LLC grew its position in Prosperity Bancshares by 11.8% during the first quarter. Tectonic Advisors LLC now owns 6,164 shares of the bank’s stock valued at $405,000 after acquiring an additional 651 shares during the period. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Prosperity Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be given a $0.58 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.87%. This is an increase from Prosperity Bancshares’s previous quarterly dividend of $0.56. Prosperity Bancshares’s payout ratio is currently 49.26%.

Prosperity Bancshares Company Profile

Prosperity Bancshares, Inc operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts, as well as and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; term loans and lines of credit; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and purchase of equipment and machinery.