Evolve Private Wealth LLC Invests $816,000 in Prosperity Bancshares, Inc. $PB

Evolve Private Wealth LLC purchased a new stake in shares of Prosperity Bancshares, Inc. (NYSE:PB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,084 shares of the bank’s stock, valued at approximately $816,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in Prosperity Bancshares during the 2nd quarter worth $746,776,000. AQR Capital Management LLC increased its stake in shares of Prosperity Bancshares by 175.1% in the 2nd quarter. AQR Capital Management LLC now owns 2,383,162 shares of the bank’s stock valued at $167,393,000 after buying an additional 1,516,939 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Prosperity Bancshares by 910.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,311,051 shares of the bank’s stock valued at $90,607,000 after buying an additional 1,181,295 shares during the period. Algebris UK Ltd. bought a new stake in shares of Prosperity Bancshares during the second quarter worth $59,465,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Prosperity Bancshares during the second quarter worth $57,877,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on PB shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $80.00 price target on shares of Prosperity Bancshares in a report on Tuesday, June 23rd. TD Cowen boosted their price objective on Prosperity Bancshares from $82.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Citigroup boosted their price objective on Prosperity Bancshares from $75.00 to $79.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Morgan Stanley restated an “equal weight” rating and set a $80.00 target price (down from $85.00) on shares of Prosperity Bancshares in a research report on Monday, July 6th. Finally, Royal Bank Of Canada raised their target price on shares of Prosperity Bancshares from $78.00 to $80.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $78.36.

Trending Headlines about 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 Stock Performance

PB stock opened at $72.86 on Monday. The business’s fifty day moving average is $73.01 and its 200-day moving average is $70.54. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.01. The company has a market cap of $7.35 billion, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 0.79 and a beta of 0.64. Prosperity Bancshares, Inc. has a twelve month low of $61.06 and a twelve month high of $77.20.

Prosperity Bancshares (NYSE:PB) last announced 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 business had revenue of $369.18 million during the quarter, compared to analysts’ expectations of $380.73 million. Prosperity Bancshares had a return on equity of 7.39% and a net margin of 29.95%.The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.42 earnings per share. Equities research analysts forecast that Prosperity Bancshares, Inc. will post 6.47 EPS for the current year.

Prosperity Bancshares Announces Dividend

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

Insider Activity

In other news, Director Ned S. Holmes sold 600 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $69.30, for a total value of $41,580.00. Following the completion of the sale, the director directly owned 40,400 shares of the company’s stock, valued at $2,799,720. This represents a 1.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 12,100 shares of company stock worth $872,923. 3.96% of the stock is currently owned by insiders.

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.