Hovde Group reiterated coverage on Prosperity Bancshares with a new price target
$PB
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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
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/24/2025 | $85.00 → $83.00 | Outperform | Hovde Group |
| 5/21/2025 | $85.00 | Buy | Jefferies |
| 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 |
Hovde Group reiterated coverage of Prosperity Bancshares with a rating of Outperform and set a new price target of $83.00 from $85.00 previously
Jefferies initiated coverage of Prosperity Bancshares with a rating of Buy and set a new price target of $85.00
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
Second quarter earnings per share (diluted) of $1.42, an increase of 21.4% compared to second quarter 2024Second quarter net income increased 21.1% to $135.2 million compared to second quarter 2024Second quarter net interest margin increased 24 basis points to 3.18% compared to second quarter 2024Loans increased $219.8 million during second quarter 2025Noninterest-bearing deposits of $9.4 billion, representing 34.3% of total depositsAllowance for credit losses on loans and on off-balance sheet credit exposure of $383.7 million and allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program, of 1.66%(1)Nonperforming assets remain low at 0.33% of second quarter av
HOUSTON and CORPUS CHRISTI, Texas, July 18, 2025 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE:PB) ("Prosperity"), the parent company of Prosperity Bank®, and American Bank Holding Corporation ("American"), the parent holding company of American Bank, N.A. ("American Bank"), headquartered in Corpus Christi, Texas, today jointly announced the signing of a definitive merger agreement whereby Prosperity will acquire American and American Bank. American Bank operates eighteen (18) banking offices and two (2) loan production offices in South and Central Texas including its main office in Corpus Christi, and banking offices in San Antonio, Austin, Victoria and the greater Corpus Christi area
HOUSTON, July 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 third quarter of 2025, payable October 1, 2025, to shareholders of record as of September 15, 2025. Prosperity Bancshares, Inc.® As of March 31, 2025, Prosperity Bancshares, Inc.® is a $38.765 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 com
4 - PROSPERITY BANCSHARES INC (0001068851) (Issuer)
4 - PROSPERITY BANCSHARES INC (0001068851) (Issuer)
4 - PROSPERITY BANCSHARES INC (0001068851) (Issuer)
SCHEDULE 13G/A - PROSPERITY BANCSHARES INC (0001068851) (Subject)
10-Q - PROSPERITY BANCSHARES INC (0001068851) (Filer)
425 - PROSPERITY BANCSHARES INC (0001068851) (Subject)
Second quarter earnings per share (diluted) of $1.42, an increase of 21.4% compared to second quarter 2024Second quarter net income increased 21.1% to $135.2 million compared to second quarter 2024Second quarter net interest margin increased 24 basis points to 3.18% compared to second quarter 2024Loans increased $219.8 million during second quarter 2025Noninterest-bearing deposits of $9.4 billion, representing 34.3% of total depositsAllowance for credit losses on loans and on off-balance sheet credit exposure of $383.7 million and allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program, of 1.66%(1)Nonperforming assets remain low at 0.33% of second quarter av
HOUSTON and CORPUS CHRISTI, Texas, July 18, 2025 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE:PB) ("Prosperity"), the parent company of Prosperity Bank®, and American Bank Holding Corporation ("American"), the parent holding company of American Bank, N.A. ("American Bank"), headquartered in Corpus Christi, Texas, today jointly announced the signing of a definitive merger agreement whereby Prosperity will acquire American and American Bank. American Bank operates eighteen (18) banking offices and two (2) loan production offices in South and Central Texas including its main office in Corpus Christi, and banking offices in San Antonio, Austin, Victoria and the greater Corpus Christi area
HOUSTON, July 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 third quarter of 2025, payable October 1, 2025, to shareholders of record as of September 15, 2025. Prosperity Bancshares, Inc.® As of March 31, 2025, Prosperity Bancshares, Inc.® is a $38.765 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 com
SC 13G/A - PROSPERITY BANCSHARES INC (0001068851) (Subject)
SC 13G/A - PROSPERITY BANCSHARES INC (0001068851) (Subject)
SC 13G/A - PROSPERITY BANCSHARES INC (0001068851) (Subject)