Hovde Group reiterated coverage on Prosperity Bancshares with a new price target
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Hovde Group reiterated coverage of Prosperity Bancshares with a rating of Outperform and set a new price target of $82.50 from $80.50 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/25/2025 | $90.00 → $80.00 | Outperform | Hovde Group |
| 1/7/2025 | $80.00 | Underperform → Neutral | BofA Securities |
| 12/5/2024 | Outperform → Peer Perform | Wolfe Research | |
| 10/15/2024 | $80.00 → $78.00 | Buy → Neutral | DA Davidson |
| 9/24/2024 | $75.00 → $90.00 | Neutral → Outperform | Wedbush |
| 9/20/2024 | $81.00 → $79.00 | Buy → Hold | Truist |
| 9/17/2024 | $80.00 | Strong Buy → Outperform | Raymond James |
| 8/26/2024 | $80.50 → $82.50 | Outperform | Hovde Group |
4 - PROSPERITY BANCSHARES INC (0001068851) (Issuer)
4 - PROSPERITY BANCSHARES INC (0001068851) (Issuer)
4 - PROSPERITY BANCSHARES INC (0001068851) (Issuer)
Hovde Group reiterated coverage of Prosperity Bancshares with a rating of Outperform and set a new price target of $80.00 from $90.00 previously
BofA Securities upgraded Prosperity Bancshares from Underperform to Neutral and set a new price target of $80.00
Wolfe Research downgraded Prosperity Bancshares from Outperform to Peer Perform
First quarter earnings per share (diluted) of $1.37, an increase of 16.1% compared to first quarter 2024First quarter net income increased 17.9% to $130.2 million compared to first quarter 2024First quarter net interest margin increased 35 basis points to 3.14% compared to first quarter 2024Noninterest-bearing deposits of $9.7 billion, representing 34.5% of total depositsBorrowings decreased $500.0 million during first quarter 2025Allowance for credit losses on loans and on off-balance sheet credit exposure of $386.7 million and allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program, of 1.67%(1)Nonperforming assets remain low at 0.24% of first quarter avera
HOUSTON, April 16, 2025 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE:PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.58 per share for the second quarter of 2025, payable July 1, 2025, to shareholders of record as of June 13, 2025. Prosperity Bancshares, Inc.® As of December 31, 2024, Prosperity Bancshares, Inc.® is a $39.567 billion Houston, Texas based regional financial holding company providing personal banking services and investments to consumers and small to medium sized businesses throughout Texas and Oklahoma. Founded in 1983, Prosperity believes in a community banking philosophy, taking care of customers, businesses, and commun
HOUSTON, March 27, 2025 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE:PB) First Quarter 2025 Earnings Announcement, scheduled before the market opens on Wednesday, April 23, 2025, you are invited to listen to its conference call at 11:30 AM, Eastern Time (10:30 AM, Central Time) on that day. Participants will include members of Prosperity's executive management team. What: Prosperity Bancshares, Inc.® First Quarter 2025 Earnings Conference Call When: Wednesday, April 23, 2025, at 10:30 AM (Central Time) Where: https://www.prosperitybankusa.com/Presentation-Webcasts-and-Calls How: Simply log on to the web at the address abov
10-Q - PROSPERITY BANCSHARES INC (0001068851) (Filer)
8-K - PROSPERITY BANCSHARES INC (0001068851) (Filer)
8-K - PROSPERITY BANCSHARES INC (0001068851) (Filer)
SC 13G/A - PROSPERITY BANCSHARES INC (0001068851) (Subject)
SC 13G/A - PROSPERITY BANCSHARES INC (0001068851) (Subject)
SC 13G/A - PROSPERITY BANCSHARES INC (0001068851) (Subject)
First quarter earnings per share (diluted) of $1.37, an increase of 16.1% compared to first quarter 2024First quarter net income increased 17.9% to $130.2 million compared to first quarter 2024First quarter net interest margin increased 35 basis points to 3.14% compared to first quarter 2024Noninterest-bearing deposits of $9.7 billion, representing 34.5% of total depositsBorrowings decreased $500.0 million during first quarter 2025Allowance for credit losses on loans and on off-balance sheet credit exposure of $386.7 million and allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program, of 1.67%(1)Nonperforming assets remain low at 0.24% of first quarter avera
HOUSTON, April 16, 2025 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE:PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.58 per share for the second quarter of 2025, payable July 1, 2025, to shareholders of record as of June 13, 2025. Prosperity Bancshares, Inc.® As of December 31, 2024, Prosperity Bancshares, Inc.® is a $39.567 billion Houston, Texas based regional financial holding company providing personal banking services and investments to consumers and small to medium sized businesses throughout Texas and Oklahoma. Founded in 1983, Prosperity believes in a community banking philosophy, taking care of customers, businesses, and commun
HOUSTON, March 27, 2025 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE:PB) First Quarter 2025 Earnings Announcement, scheduled before the market opens on Wednesday, April 23, 2025, you are invited to listen to its conference call at 11:30 AM, Eastern Time (10:30 AM, Central Time) on that day. Participants will include members of Prosperity's executive management team. What: Prosperity Bancshares, Inc.® First Quarter 2025 Earnings Conference Call When: Wednesday, April 23, 2025, at 10:30 AM (Central Time) Where: https://www.prosperitybankusa.com/Presentation-Webcasts-and-Calls How: Simply log on to the web at the address abov