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Prosperity Bancshares, Inc.

PB · NYSE

Market closed$73.49$-1.24 (-1.66%)After hours $73.49 · 0.00%

Key statistics

Previous close$74.73
Open$73.92
Day high$75.00
Day low$73.28
52-week high$77.20
52-week low$61.07
Market cap7.41B
Volume734.49K
Average volume1.12M
P/E ratio13.39
Forward P/E—
EPS5.49
Dividend yield+3.24%

Market context

Why it moved

Prosperity Bancshares (PB) declined amid cautious investor sentiment following a Morgan Stanley downgrade citing intensifying competitive pressures in its core Texas markets, compounded by a recent insider share sale by director Ned S. Holmes and broader market weakness driven by the ongoing AI/momentum unwind.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Prosperity Bancshares declined after giving back the prior session's 3.1% gain, as broader financial sector sentiment turned cautious amid risk-off trading and a technology-led selloff. The retreat comes despite positive recent developments, including Dimensional Fund Advisors disclosing a new 5% stake in the company and a Simply Wall St analysis suggesting the stock screens as undervalued at roughly 14.3x P/E versus a sector-implied fair multiple near 17.2x. A director's modest insider sale of 1,100 shares at ~$73 on July 15 drew attention, though it leaves Holmes with significant retained holdings. Regional bank peers also pulled back on the day as the XLF financial sector ETF softened.

-1.6593

July 16, 2026Prosperity Bancshares rallied alongside regional banking peers after softer-than-expected June inflation data cooled rate concerns and lifted sentiment across the sector. The XLF financial sector ETF touched a 52-week high, while strong Q2 results from peers including Citizens Financial, M&T Bank, and U.S. Bancorp reinforced optimism ahead of PB's own earnings report due July 29, where the consensus stands at $1.54 per share with a positive Earnings ESP of +1.76%. Adding context, Dimensional Fund Advisors disclosed a fresh 5% stake in the company, signaling notable institutional accumulation.

3.0901

July 14, 2026Prosperity Bancshares closed essentially flat amid a broadly active week for regional bank earnings and a notable institutional disclosure. Dimensional Fund Advisors filed a Schedule 13G revealing a newly established 5.05% passive stake of over 5 million shares, a meaningful vote of confidence from a major quant-driven institutional buyer. The regional banking sector remains in focus as multiple peers report Q2 results this week, with the sector up roughly 14-22% year-to-date, supported by resilient loan growth despite a cautious Fed under Chair Kevin Warsh and renewed Iran-driven oil price pressures.

-0.2477

July 10, 2026Prosperity Bancshares edged higher, benefiting from renewed investor interest in rate-sensitive regional banks as the Federal Reserve holds rates at 3.50%-3.75% with a possible July hike on the table. The Texas-based lender was highlighted as a standout 'higher-for-longer' rate beneficiary due to its low-cost deposit base and repriced bond portfolio. Mixed insider activity added color—Vice Chairman Robert Franklin Jr. received a 25,000-share grant on July 6, while director Ned Holmes sold ~$77,642 in shares on July 8—as the market awaits Q2 earnings with Cantor Fitzgerald maintaining an Overweight rating and an $80 price target.

0.6853

July 7, 2026Prosperity Bancshares closed up modestly despite a lingering overhang from Morgan Stanley's July 6 downgrade to Equalweight (from Overweight) with a reduced price target of $80 (from $85), citing intensifying deposit competition in the bank's core Texas footprint and pressure on organic loan growth and expenses ahead. The move comes just days after Prosperity completed its landmark merger with Stellar Bancorp on July 1, with analysts at RBC and Cantor Fitzgerald also trimming targets to $80, reflecting cautious near-term profitability expectations even as the deal expands the bank's regional scale.

1.3084

July 7, 2026Prosperity Bancshares closed modestly higher on the day, but the session was dominated by a Morgan Stanley downgrade from Overweight to Equal-Weight with a reduced price target of $80 (from $85), citing intensifying deposit and loan competition across the bank's Texas footprint that is expected to pressure organic loan growth and push up operating costs. The downgrade is part of a broader Morgan Stanley note flagging lower 2027 profitability for regional banks in Texas and the Southeast, with Prosperity among the most exposed to markets where five or more large banks are actively expanding. This comes just days after the company completed its merger with Stellar Bancorp on July 1.

0.2539

July 2, 2026Prosperity Bancshares fell sharply, with above-average volume underscoring investor unease following the July 1 closing of its acquisition of Stellar Bancorp — adding 52 Texas branches at a cost of 0.3803 PB shares plus $11.36 cash per Stellar share. While the deal expands Prosperity's Texas footprint significantly, historical patterns around the bank's acquisition announcements have averaged a -1.77% move, and the stock's reaction echoes the -7.9% drop seen when the Stellar deal was first announced in January. Q2 earnings are scheduled for July 29, where investors will scrutinize integration costs and net interest margin amid a macro backdrop of mixed jobs data and Fed rate uncertainty.

-3.3665

July 1, 2026Prosperity Bancshares closed its landmark merger with Stellar Bancorp effective July 1, expanding its Texas footprint by 52 banking offices across Houston, Beaumont, East Texas, and Dallas. Shares edged modestly higher, outperforming the broader financial sector (XLF), with investor focus on the deal's long-term growth potential and upcoming Q2 earnings on July 29. Analyst sentiment is constructive — Morgan Stanley reiterated Overweight and raised its price target to $85, while RBC bumped its target to $78, reflecting optimism around the combined franchise despite integration not scheduled until March 2027.

0.4656

Simply Wall Street · July 17, 2026Prosperity Bancshares (PB) Stock May Trade at a Discount Following Its 33% RunStock Titan · July 8, 2026PB Financial lifts dividend again, marking 59 straight quartersStock Titan · July 7, 2026PB Financial’s quarterly profit climbs 18.6% to $6.1MMoomoo · July 3, 2026RBC Capital Maintains Prosperity Bancshares(PB.US) With Hold Rating, Raises Target Price to $78PR Newswire · July 1, 2026PROSPERITY BANCSHARES, INC.® COMPLETES MERGER WITH STELLAR BANCORP, INC.The Globe and Mail · June 19, 2026Analysts Offer Insights on Financial Companies: Prosperity Bancshares (PB) and Nu Holdings (NU)PR Newswire · April 29, 2026PROSPERITY BANCSHARES, INC.® REPORTS FIRST QUARTER 2026 EARNINGSPR Newswire · October 1, 2025PROSPERITY BANCSHARES, INC.® TO ACQUIRE SOUTHWEST BANCSHARES, INC. IN SAN ANTONIO, TEXAS
Mt Newswire · July 6, 2026Truist, Prosperity Likely to Face More Intense Deposit Competition, Morgan Stanley Says in Downgrade
Mt Newswire · July 6, 2026Prosperity Bancshares, Truist, Other Regional Banks Seen Facing Lower Profitability in 2027, Morgan Stanley Says
Mt Newswire · July 6, 2026Morgan Stanley Downgrades Prosperity Bancshares to Equalweight From Overweight, Adjusts Price Target to $80 From $85
Benzinga · July 6, 2026Morgan Stanley Downgrades Prosperity Bancshares to Equal-Weight, Lowers Price Target to $80
Mt Newswire · July 1, 2026RBC Adjusts Price Target on Prosperity Bancshares to $78 From $75, Maintains Sector Perform Rating
Mt Newswire · July 1, 2026Prosperity Bancshares Completes Merger With Stellar Bancorp
Benzinga · June 29, 2026Morgan Stanley Maintains Overweight on Prosperity Bancshares, Raises Price Target to $85
Benzinga · June 25, 2026Citigroup Maintains Neutral on Prosperity Bancshares, Raises Price Target to $75

Peers

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