Pictet Asset Management Holding SA Raises Stock Holdings in Prosperity Bancshares, Inc. (NYSE:PB)

Pictet Asset Management Holding SA lifted its holdings in shares of Prosperity Bancshares, Inc. (NYSE:PB – Free Report) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).

The firm owned 13,397 shares of the bank’s stock after buying an additional 883 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Prosperity Bancshares were worth $1,009,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also recently made changes to their positions in the company.



Smartleaf Asset Management LLC increased its holdings in Prosperity Bancshares by 487.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 376 shares of the bank’s stock worth $28,000 after acquiring an additional 312 shares in the last quarter.

Jones Financial Companies Lllp increased its stake in shares of Prosperity Bancshares by 368.5% during the fourth quarter. Jones Financial Companies Lllp now owns 520 shares of the bank’s stock worth $39,000 after purchasing an additional 409 shares in the last quarter.

UMB Bank n.a. raised its position in shares of Prosperity Bancshares by 102.

7% during the 4th quarter. UMB Bank n.a.

now owns 592 shares of the bank’s stock worth $45,000 after purchasing an additional 300 shares during the last quarter. GAMMA Investing LLC lifted its stake in Prosperity Bancshares by 20.4% in the 4th quarter.

GAMMA Investing LLC now owns 844 shares of the bank’s stock valued at $64,000 after buying an additional 143 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in Prosperity Bancshares by 31.

0% in the 3rd quarter. Sunbelt Securities Inc. now owns 981 shares of the bank’s stock worth $71,000 after buying an additional 232 shares during the last quarter.

Hedge funds and other institutional investors own 80.69% of the company’s stock. Prosperity Bancshares Price PerformanceNYSE:PB opened at $64.

38 on Monday. The company’s 50-day moving average is $74.82 and its two-hundred day moving average is $76.

04. Prosperity Bancshares, Inc. has a 1-year low of $57.

16 and a 1-year high of $86.76. The firm has a market capitalization of $6.

13 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.94 and a beta of 0.

82. Prosperity Bancshares (NYSE:PB – Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The bank reported $1.

37 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.04.

Prosperity Bancshares had a return on equity of 6.64% and a net margin of 26.79%.

As a group, equities analysts anticipate that Prosperity Bancshares, Inc. will post 5.83 earnings per share for the current fiscal year.

Prosperity Bancshares Dividend AnnouncementThe firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a dividend of $0.58 per share.

This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.60%.

The ex-dividend date of this dividend was Friday, March 14th. Prosperity Bancshares’s payout ratio is 45.85%.

Wall Street Analyst Weigh InA number of equities analysts have commented on PB shares. Raymond James increased their target price on Prosperity Bancshares from $82.00 to $87.

00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Stephens increased their price objective on Prosperity Bancshares from $93.00 to $94.

00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Bank of America upgraded Prosperity Bancshares from an “underperform” rating to a “neutral” rating and set a $80.00 price objective on the stock in a report on Tuesday, January 7th.

Morgan Stanley dropped their target price on shares of Prosperity Bancshares from $102.00 to $94.00 and set an “overweight” rating for the company in a report on Thursday, March 13th.

Finally, UBS Group decreased their price target on shares of Prosperity Bancshares from $77.00 to $76.00 and set a “buy” rating on the stock in a research note on Thursday, December 26th.

One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $83.50.

Check Out Our Latest Report on Prosperity BancsharesInsider Activity at Prosperity BancsharesIn related news, Director Ned S. Holmes sold 500 shares of Prosperity Bancshares stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $78.

43, for a total value of $39,215.00. Following the completion of the transaction, the director now directly owns 108,815 shares in the company, valued at approximately $8,534,360.

45. This trade represents a 0.46 % decrease in their ownership of the stock.

The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 5,500 shares of company stock worth $413,945. Company insiders own 4.

20% of the company’s stock. Prosperity Bancshares Profile (Free Report)Prosperity Bancshares, Inc operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts, as well as and certificates of deposit.

The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; term loans and lines of credit; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and purchase of equipment and machinery.Featured StoriesFive stocks we like better than Prosperity Bancshares3 Monster Growth Stocks to Buy NowNewsmax’s IPO Whiplash: Meme Stock Hype or Growth Potential?Transportation Stocks InvestingDisney 2025 Shareholders: Major Updates for InvestorsShort Selling – The Pros and Cons Advance Auto Parts Stock: A Classic Rebound Play in the MakingWant to see what other hedge funds are holding PB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prosperity Bancshares, Inc.

(NYSE:PB – Free Report)..