Prosperity Bancshares
About: Prosperity Bancshares Inc provides retail and commercial banking services to individuals and small to midsize businesses. It provides a wide array of financial products and services to businesses and consumers throughout Texas and Oklahoma.
Employees: 3,850
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
1,310% more call options, than puts
Call options by funds: $5.08M | Put options by funds: $360K
58% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 36
14% more capital invested
Capital invested by funds: $4.89B [Q2] → $5.56B (+$663M) [Q3]
6% more funds holding
Funds holding: 331 [Q2] → 352 (+21) [Q3]
6% more repeat investments, than reductions
Existing positions increased: 121 | Existing positions reduced: 114
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
2.54% less ownership
Funds ownership: 83.48% [Q2] → 80.94% (-2.54%) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$77
3%
upside
Avg. target
$83
11%
upside
High target
$90
20%
upside
4 analyst ratings
1 positive
25%
3 neutral
75%
0 negative
0%
Barclays Jared Shaw 64% 1-year accuracy 47 / 73 met price target | 17%upside $88 | Equal-Weight Maintained | 20 Dec 2024 |
RBC Capital Jon Arfstrom 89% 1-year accuracy 47 / 53 met price target | 3%upside $77 | Sector Perform Reiterated | 24 Oct 2024 |
Wedbush David Chiaverini 82% 1-year accuracy 40 / 49 met price target | 20%upside $90 | Outperform Reiterated | 24 Oct 2024 |
DA Davidson Peter Winter 93% 1-year accuracy 13 / 14 met price target | 4%upside $78 | Neutral Downgraded | 15 Oct 2024 |
Financial journalist opinion
Positive
Seeking Alpha
4 days ago
Prosperity Bancshares: No Longer A Buy, But The Dividend Is Still Interesting
Prosperity Bancshares has shown strong performance and solid fundamentals, but a recent rally suggests a more cautious approach with a hold rating. The bank's strategic focus on Texas and Oklahoma MSAs, particularly Austin, Dallas, and Houston, positions it well for future growth. Despite high deposit quality and low costs, loan growth remains sluggish due to high interest rates and economic uncertainty.
Positive
Seeking Alpha
2 weeks ago
17 Upcoming Dividend Increases, Including A King
With the holiday season underway, I present 17 companies with dividend increases for 2024, including Becton, Dickinson, and Company, a dividend king with a 52-year streak. My strategy focuses on buying, holding, and adding to companies with consistent dividend growth and outperforming benchmarks, using data from U.S. Dividend Champions and NASDAQ. I prioritize companies with strong historical returns and high 10-year dividend growth rates, comparing them against the Schwab U.S. Dividend Equity ETF.
Positive
Zacks Investment Research
1 month ago
Prosperity Bancshares Q3 Earnings Beat on Higher NII, Stock Up 1%
PB's third-quarter 2024 results beat estimates on higher NII, higher loans, and deposits. Yet, higher costs and lower adjusted non-interest income are woes.
Neutral
Seeking Alpha
1 month ago
Prosperity Bancshares, Inc. (PB) Q3 2024 Earnings Call Transcript
Prosperity Bancshares, Inc. (NYSE:PB ) Q3 2024 Earnings Conference Call October 23, 2024 11:30 AM ET Company Participants Charlotte Rasche - Executive Vice President and General Counsel David Zalman - Senior Chairman and Chief Executive Officer Tim Timanus - Chairman Asylbek Osmonov - Chief Financial Officer Edward Safady - Vice Chairman Kevin Hanigan - President and Chief Operating Officer Randy Hester - Chief Lending Officer Mays Davenport - Director of Corporate Strategy Bob Dowdell - Executive Vice President Conference Call Participants Manan Gosalia - Morgan Stanley Catherine Mealor - KBW Ebrahim Poonawala - Bank of America Matt Oney - Stevens Peter Winter - D.A. Davidson Operator Good morning, and welcome to the Prosperity Bancshares' Third Quarter 2024 Earnings Conference Call.
Neutral
Zacks Investment Research
1 month ago
Prosperity Bancshares (PB) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Prosperity Bancshares (PB) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
1 month ago
Prosperity Bancshares (PB) Surpasses Q3 Earnings and Revenue Estimates
Prosperity Bancshares (PB) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $1.20 per share a year ago.
Neutral
PRNewsWire
1 month ago
PROSPERITY BANCSHARES, INC.® REPORTS THIRD QUARTER 2024 EARNINGS
Board approved increase in dividend of 3.57% to $0.58 for fourth quarter 2024, representing the 21st consecutive annual increase, with a compound annual growth rate of 11.1% Net income of $127.3 million and diluted earnings per share of $1.34 for third quarter 2024 Net interest margin increased 23 basis points to 2.95% compared to third quarter 2023 Deposits increased $154.5 million and loans increased $60.0 million during third quarter 2024 Noninterest-bearing deposits of $9.8 billion, representing 34.9% of total deposits Allowance for credit losses on loans and on off-balance sheet credit exposure of $392.0 million and allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program, of 1.68%(1) Nonperforming assets remain low at 0.25% of third quarter average interest-earning assets Return (annualized) on third quarter average assets of 1.28%, average common equity of 6.93% and average tangible common equity of 13.50%(1) HOUSTON , Oct. 23, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB), the parent company of Prosperity Bank® (collectively, "Prosperity"), reported net income of $127.3 million for the quarter ended September 30, 2024 compared with $112.2 million for the same period in 2023. Net income per diluted common share was $1.34 for the quarter ended September 30, 2024 compared with $1.20 for the same period in 2023.
Positive
Zacks Investment Research
1 month ago
Buy These 4 Stocks With Recent Dividend Hikes, Strong Upside
South Plains Financial (SPFI), Prosperity Bancshares (PB), Penske Automotive Group (PAG) and Bank First (BFC) recently announced dividend hikes.
Neutral
Zacks Investment Research
2 months ago
Countdown to Prosperity Bancshares (PB) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
Get a deeper insight into the potential performance of Prosperity Bancshares (PB) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Neutral
PRNewsWire
2 months ago
PROSPERITY BANCSHARES, INC.® INCREASES COMMON STOCK DIVIDEND
HOUSTON , Oct. 16, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.58 per share for the fourth quarter of 2024, payable January 2, 2025, to shareholders of record as of December 13, 2024. The fourth quarter dividend represents an increase of $0.02 per share, or 3.57%, from the prior quarter.
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