Prosperity Bancshares (NYSE:PB) Price Target Cut to $78.00 by Analysts at Piper Sandler

Prosperity Bancshares (NYSE:PB) had its price target reduced by equities researchers at Piper Sandler from $80.00 to $78.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. Piper Sandler‘s price objective would indicate a potential upside of 8.11% from the stock’s current price.

PB has been the topic of several other research reports. Raymond James Financial upgraded shares of Prosperity Bancshares from a “market perform” rating to an “outperform” rating and set a $78.00 target price on the stock in a report on Tuesday, October 6th. Wall Street Zen raised shares of Prosperity Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Morgan Stanley upped their target price on shares of Prosperity Bancshares from $80.00 to $81.00 and gave the company an “underweight” rating in a research note on Monday, September 28th. Barclays raised their price target on shares of Prosperity Bancshares from $68.00 to $70.00 and gave the company an “underweight” rating in a report on Monday, October 5th. Finally, Stephens reaffirmed an “overweight” rating and set a $87.00 price target (up from $85.00) on shares of Prosperity Bancshares in a research note on Thursday. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $77.91.

Prosperity Bancshares Trading Up 1.4%

Shares of NYSE PB traded up $1.03 on Thursday, reaching $72.15. 46,433 shares of the company traded hands, compared to its average volume of 1,100,177. The stock has a market capitalization of $7.28 billion, a PE ratio of 12.51, a P/E/G ratio of 0.77 and a beta of 0.66. Prosperity Bancshares has a fifty-two week low of $63.20 and a fifty-two week high of $77.20. 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 company has a 50 day moving average of $69.55 and a 200 day moving average of $70.35.

Prosperity Bancshares (NYSE:PB) last released its earnings results on Wednesday, October 28th. The bank reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.32. Prosperity Bancshares had a net margin of 29.95% and a return on equity of 7.39%. The business had revenue of $495.70 million for the quarter, compared to analysts’ expectations of $491.49 million. During the same period last year, the company earned $1.45 earnings per share. The company’s quarterly revenue was up 56.0% on a year-over-year basis. On average, equities research analysts forecast that Prosperity Bancshares will post 6.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Ned Holmes sold 600 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $74.61, for a total value of $44,766.00. Following the completion of the sale, the director directly owned 39,400 shares of the company’s stock, valued at $2,939,634. The trade was a 1.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 13,800 shares of company stock valued at $973,234 in the last three months. 3.96% of the stock is currently owned by company insiders.

Institutional Trading of Prosperity Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of PB. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Prosperity Bancshares in the 3rd quarter worth approximately $373,000. Profund Advisors LLC increased its holdings in shares of Prosperity Bancshares by 6.7% in the 3rd quarter. Profund Advisors LLC now owns 3,514 shares of the bank’s stock valued at $233,000 after acquiring an additional 221 shares during the last quarter. Americana Partners LLC acquired a new stake in shares of Prosperity Bancshares during the 3rd quarter valued at approximately $570,000. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in shares of Prosperity Bancshares by 63.1% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 10,600 shares of the bank’s stock valued at $702,000 after acquiring an additional 4,100 shares in the last quarter. Finally, Parcion Private Wealth LLC lifted its stake in Prosperity Bancshares by 7.8% during the third quarter. Parcion Private Wealth LLC now owns 7,849 shares of the bank’s stock worth $520,000 after purchasing an additional 571 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

More Prosperity Bancshares News

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

• Positive Sentiment: Adjusted earnings beat expectations. Prosperity reported adjusted diluted EPS of $1.67, above the $1.35-$1.63 range of analyst estimates, while revenue of $495.7 million modestly exceeded expectations and increased 56% year over year. Prosperity Bancshares third-quarter earnings release
• Positive Sentiment: Merger-driven growth and improving margins were key positives. Third-quarter loans rose 28.1% and deposits increased 26.5%. Net interest margin expanded to 3.73%, up 26 basis points from the second quarter and 49 basis points from a year earlier, while total assets reached $54.1 billion. Prosperity Bancshares 2026 third-quarter presentation
• Positive Sentiment: Shareholder returns improved. The board raised the quarterly dividend by $0.04, or 6.67%, to $0.64 per share—its 23rd consecutive annual increase. Prosperity also repurchased approximately 457,000 shares during the quarter and 1.5 million shares year to date. Dividend and buyback announcement
• Neutral Sentiment: Reported GAAP earnings were lower year over year. Net income was $141.5 million, or $1.18 per diluted share, compared with $137.6 million and $1.45 per share a year earlier. Results included $69.7 million of merger-related expenses, making adjusted earnings a more favorable measure of underlying performance.
• Negative Sentiment: Director selling may weigh modestly on sentiment. Director Ned Holmes sold a combined 1,100 shares for approximately $77,000, though he retained substantial holdings. The sales add to a broader pattern of reported insider selling without recent insider purchases. SEC insider transaction filing

Prosperity Bancshares Company Profile

Prosperity Bancshares, Inc is a regional bank holding company headquartered in Houston, Texas. Through its principal subsidiary, Prosperity Bank, the company provides banking and financial services to individuals, businesses, and public entities.

Prosperity Bank offers deposit products, commercial and consumer lending, mortgage and real estate lending, treasury management, online and mobile banking, and other traditional banking services. Its lending activities include financing for commercial businesses, agriculture, residential and commercial real estate, and personal needs.

Founded in 1983, Prosperity Bancshares has expanded primarily through organic growth and the acquisition of community banks.