Evolve Private Wealth LLC Takes Position in Prosperity Bancshares, Inc. $PB

Evolve Private Wealth LLC acquired a new stake in Prosperity Bancshares, Inc. (NYSE:PB) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 11,084 shares of the bank’s stock, valued at approximately $816,000.

Several other hedge funds have also added to or reduced their stakes in the business. Martin & Co. Inc. TN bought a new position in Prosperity Bancshares during the second quarter worth about $2,248,000. Ieq Capital LLC bought a new stake in shares of Prosperity Bancshares in the second quarter worth about $19,900,000. Callan Family Office LLC bought a new stake in shares of Prosperity Bancshares in the second quarter worth about $478,000. Patron Partners LLC acquired a new stake in shares of Prosperity Bancshares during the second quarter worth about $16,962,000. Finally, Allworth Financial LP acquired a new stake in shares of Prosperity Bancshares during the second quarter worth about $534,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Prosperity Bancshares Stock Performance

PB opened at $72.86 on Monday. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 0.79 and a beta of 0.64. The business’s 50-day moving average price is $73.01 and its two-hundred day moving average price is $70.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.75 and a quick ratio of 0.75. Prosperity Bancshares, Inc. has a 1 year low of $61.06 and a 1 year high of $77.20.

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

Prosperity Bancshares Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Benchmark began coverage on Prosperity Bancshares in a research report on Wednesday, June 24th. They issued a “hold” rating for the company. Piper Sandler raised their target price on shares of Prosperity Bancshares from $75.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $80.00 price target on shares of Prosperity Bancshares in a research note on Tuesday, June 23rd. Wall Street Zen upgraded shares of Prosperity Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, TD Cowen upped their price target 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. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $78.36.

Insider Buying and Selling at Prosperity Bancshares

In other news, Director Ned S. Holmes sold 500 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $73.64, for a total value of $36,820.00. Following the completion of the sale, the director owned 70,615 shares of the company’s stock, valued at approximately $5,200,088.60. The trade was a 0.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 12,100 shares of company stock worth $872,923 over the last three months. 3.96% of the stock is currently owned by company insiders.

Key Headlines Impacting Prosperity Bancshares

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 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.