Stock events for Prosperity Bancshares, Inc. (PB)
Prosperity Bancshares' stock has been impacted by Q3 and Q2 2025 earnings reports, dividend increases, acquisitions of Southwest Bancshares, Inc. and American Bank Holding Corporation, and a share repurchase program announced on January 21, 2025.
Demand Seasonality affecting Prosperity Bancshares, Inc.’s stock price
Prosperity Bancshares generally experiences seasonality in its public fund deposits, with lower deposit balances during the second and third quarters due to public fund customers utilizing tax dollars received in December and January throughout the year.
Overview of Prosperity Bancshares, Inc.’s business
Prosperity Bancshares, Inc. operates in the Financials sector, providing financial products and services to businesses and consumers, including deposit products, loans, digital banking, trust and wealth management, and debit and credit cards.
PB’s Geographic footprint
Prosperity Bancshares' operations are concentrated in Texas and central Oklahoma, with 283 full-service banking locations as of March 31, 2025, including a significant presence in the Houston area, Dallas/Fort Worth metroplex, South Texas, Central Texas, West Texas, East Texas, Bryan/College Station, Central Oklahoma, and Tulsa, Oklahoma.
PB Corporate Image Assessment
Prosperity Bancshares has a news sentiment score of 0.43, which suggests a slightly negative sentiment in recent news articles, and the broader banking industry experienced turmoil in 2023, leading to a "confidence issue" in the banking system, which could indirectly affect perceptions of regional banks like Prosperity Bancshares.
Ownership
Institutional investors hold a significant portion of Prosperity Bancshares, Inc. stock, with approximately 80-85% ownership; major institutional owners include The Vanguard Group, Inc., BlackRock, Inc., State Street Global Advisors, Inc., and Dimensional Fund Advisors LP; CEO David Zalman holds 0.9% of the company's shares; the top 11 to 13 shareholders combined own about 50% of the company; and insiders have been selling shares recently.
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$70.77