Prosperity Bancshares, Inc. $PB Shares Newly Acquired by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC bought a new stake in Prosperity Bancshares, Inc. (NYSE:PB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,443 shares of the bank’s stock, valued at approximately $758,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vest Financial LLC grew its stake in shares of Prosperity Bancshares by 3.4% in the 3rd quarter. Vest Financial LLC now owns 26,099 shares of the bank’s stock valued at $1,728,000 after buying an additional 869 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in shares of Prosperity Bancshares during the 3rd quarter valued at approximately $690,000. Quadrant Capital Group LLC raised its position in shares of Prosperity Bancshares by 59.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 7,391 shares of the bank’s stock valued at $490,000 after buying an additional 2,752 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Prosperity Bancshares by 73.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,464 shares of the bank’s stock valued at $232,000 after buying an additional 1,467 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new position in Prosperity Bancshares in the third quarter valued at approximately $609,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Prosperity Bancshares

In other Prosperity Bancshares news, Director Ned Holmes sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $68.25, for a total value of $34,125.00. Following the sale, the director owned 66,115 shares of the company’s stock, valued at $4,512,348.75. The trade was a 0.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 13,800 shares of company stock valued at $977,902 over the last 90 days. 3.96% of the stock is owned by insiders.

Prosperity Bancshares Price Performance

Shares of PB opened at $69.77 on Friday. The firm has a 50-day simple moving average of $69.89 and a two-hundred day simple moving average of $70.53. The stock has a market cap of $7.04 billion, a PE ratio of 11.30, a P/E/G ratio of 0.76 and a beta of 0.66. Prosperity Bancshares, Inc. has a 1-year low of $62.28 and a 1-year high of $77.20. 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 (NYSE:PB) last issued its quarterly earnings data on Wednesday, July 29th. The bank reported $1.62 EPS for the quarter, topping the consensus estimate of $1.50 by $0.12. The firm had revenue of $391.25 million for the quarter, compared to analyst estimates of $380.73 million. Prosperity Bancshares had a net margin of 29.95% and a return on equity of 7.39%. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.42 EPS. As a group, analysts forecast that Prosperity Bancshares, Inc. will post 6.46 EPS for the current year.

Prosperity Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Tuesday, December 15th will be issued a $0.64 dividend. This is a boost from Prosperity Bancshares’s previous quarterly dividend of $0.60. The ex-dividend date is Tuesday, December 15th. This represents a $2.56 annualized dividend and a yield of 3.7%. Prosperity Bancshares’s payout ratio is 41.59%.

Key Prosperity Bancshares News

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

• Positive Sentiment: The board increased the quarterly dividend to $0.64 per share from $0.60, a 6.7% increase. The annualized payout is $2.56 per share, implying a yield of approximately 3.7%; the dividend is payable January 4, 2027, to shareholders of record December 15. The increase signals confidence in cash generation and may appeal to income-focused investors. Prosperity Bancshares Increases Common Stock Dividend
• Positive Sentiment: Analyst commentary points to potential earnings growth and a possible earnings beat in the upcoming report. This follows the bank’s prior quarterly results, when it exceeded consensus earnings and revenue estimates, supporting the view that operating performance remains solid. Prosperity Bancshares Earnings Expected to Grow
• Neutral Sentiment: Investment manager Brown Advisory added PB to its Mid-Cap Growth Strategy portfolio. The purchase provides institutional validation, although the report does not disclose the size or timing of the position. Brown Advisory Adds Prosperity Bancshares to Its Portfolio
• Negative Sentiment: Director Ned Holmes reported two sales totaling 1,100 shares for approximately $75,000. The transactions reduced reported holdings by less than 2% each, making them relatively small, but insider selling can weigh modestly on sentiment.
• Negative Sentiment: Prosperity has completed three bank acquisitions in seven months while raising its dividend. Commentary highlights a first-quarter increase in loan losses and questions whether the company can fund both expansion and shareholder returns without weakening credit quality or capital flexibility. Prosperity Bancshares Acquisitions and Dividend Analysis

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PB. Cantor Fitzgerald lowered their price objective on Prosperity Bancshares from $85.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, October 14th. Morgan Stanley raised their target price on Prosperity Bancshares from $80.00 to $81.00 and gave the stock an “underweight” rating in a research note on Monday, September 28th. Wall Street Zen upgraded Prosperity Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Citigroup decreased their price target on Prosperity Bancshares from $79.00 to $77.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 22nd. Finally, Piper Sandler increased their price target on Prosperity Bancshares from $75.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $77.55.

Prosperity Bancshares 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.