Prosperity Bancshares (NYSE:PB) Given New $80.00 Price Target at Royal Bank Of Canada

Prosperity Bancshares (NYSE:PB) had its price target increased by investment analysts at Royal Bank Of Canada from $78.00 to $80.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the bank’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 6.67% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. TD Cowen increased their price target on shares of Prosperity Bancshares from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Weiss Ratings upgraded Prosperity Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Cantor Fitzgerald reiterated an “overweight” rating and set a $80.00 price target on shares of Prosperity Bancshares in a research report on Tuesday, June 23rd. Piper Sandler increased their price objective on Prosperity Bancshares from $75.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Citigroup lifted their target price on shares of Prosperity Bancshares from $74.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $77.55.

Prosperity Bancshares Price Performance

Prosperity Bancshares stock traded up $0.77 during midday trading on Thursday, hitting $75.00. 370,212 shares of the company’s stock were exchanged, compared to its average volume of 1,163,327. The company has a market cap of $7.56 billion, a P/E ratio of 13.59, a PEG ratio of 1.18 and a beta of 0.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a 50-day moving average price of $71.42 and a two-hundred day moving average price of $70.24. Prosperity Bancshares has a 52-week low of $61.06 and a 52-week high of $77.20.

Prosperity Bancshares (NYSE:PB) last posted its quarterly earnings data on Wednesday, July 29th. The bank reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.11. The company had revenue of $391.25 million for the quarter, compared to analysts’ expectations of $380.73 million. Prosperity Bancshares had a net margin of 29.50% and a return on equity of 7.20%. Prosperity Bancshares’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 earned $1.42 earnings per share. On average, equities research analysts forecast that Prosperity Bancshares will post 6.25 earnings per share for the current year.

Insider Activity at Prosperity Bancshares

In other news, Director Ned S. Holmes sold 500 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $74.25, for a total value of $37,125.00. Following the transaction, the director owned 72,115 shares in the company, valued at $5,354,538.75. This represents a 0.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 12,100 shares of company stock worth $854,426. 3.96% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Prosperity Bancshares

Institutional investors have recently bought and sold shares of the stock. Lexington Hill Partners LLC lifted its position in shares of Prosperity Bancshares by 25.1% during the 2nd quarter. Lexington Hill Partners LLC now owns 5,284 shares of the bank’s stock valued at $386,000 after buying an additional 1,059 shares in the last quarter. Kwmg LLC grew its position in shares of Prosperity Bancshares by 2.4% during the second quarter. Kwmg LLC now owns 101,224 shares of the bank’s stock valued at $7,392,000 after purchasing an additional 2,399 shares in the last quarter. GAMMA Investing LLC increased its stake in Prosperity Bancshares by 33.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,990 shares of the bank’s stock worth $145,000 after acquiring an additional 503 shares during the last quarter. Versant Capital Management Inc increased its position in Prosperity Bancshares by 3.3% in the second quarter. Versant Capital Management Inc now owns 10,921 shares of the bank’s stock worth $798,000 after purchasing an additional 348 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of Prosperity Bancshares by 5.6% in the 1st quarter. Pacer Advisors Inc. now owns 11,998 shares of the bank’s stock worth $806,000 after buying an additional 635 shares during the last quarter. 80.69% of the stock is owned by institutional investors.

Prosperity Bancshares News Roundup

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

• Positive Sentiment: Q2 earnings exceeded expectations. Prosperity reported diluted EPS of $1.67, or $1.62 excluding non-recurring items, compared with the $1.51 consensus estimate. Revenue reached approximately $391.3 million versus expectations of $380.7 million, while net income rose to $168.6 million from $135.2 million a year earlier. Prosperity Bancshares Second Quarter 2026 Earnings
• Positive Sentiment: Profitability and operating metrics improved. Net interest margin expanded 29 basis points year over year to 3.47%, and revenue increased 25.9%. Nonperforming assets remained low at 0.34% of average interest-earning assets, supporting confidence in credit quality. Prosperity Bancshares Q2 Net Income Report
• Positive Sentiment: Merger synergies and shareholder returns provide additional support. Prosperity completed its Stellar Bancorp merger on July 1, adding roughly $10.4 billion in assets, $7.5 billion in loans and $8.7 billion in deposits. The bank also declared a $0.60 quarterly dividend and repurchased about 1.0 million shares during the first half of 2026.
• Neutral Sentiment: Analyst sentiment remains cautious. Prosperity Bancshares currently carries an average analyst recommendation of “Hold,” suggesting that the strong results may be balanced against integration risks, valuation and the uncertain interest-rate outlook. Prosperity Bancshares Analyst Recommendation
• Negative Sentiment: Director selling may weigh slightly on sentiment. Director Ned S. Holmes sold a combined 1,100 shares for approximately $81,700, reducing his holdings by less than 2% across the reported transactions. The sales are relatively small, but broader recent insider activity has been dominated by selling rather than buying.

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.