Cantor Fitzgerald Reiterates Buy Rating on Prosperity Bancshares
Cantor Fitzgerald maintains its buy rating on Prosperity Bancshares with a target price of $80, a 9.02% upside from the current price.
Key Points
- Cantor Fitzgerald reiterated a buy rating on Prosperity Bancshares, setting a price target of $80 as of June 23, 2026.
- Cantor Fitzgerald's $80 price target implies 9.02% upside from Prosperity Bancshares, Inc.'s ($PB) current $73.38 share price.
- Shares of NYSE:PB traded at $71.57 on Tuesday, with a market cap of about $7.22 billion and a P/E ratio of 12.99.
- BlackRock increased its stake by 464,967 shares to 9,367,272 shares worth about $629.3 million.
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Cantor Fitzgerald reiterated its buy rating on Prosperity Bancshares, Inc. (NYSE:PB) on June 23, 2026. The firm set a target price of $80 for the regional bank's stock. Shares of Prosperity Bancshares traded at $71.57 on Tuesday.
Cantor Fitzgerald vs. the S&P 500
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Other Institutional Activity in Prosperity Bancshares
Several other institutional investors have adjusted their holdings in Prosperity Bancshares. BlackRock, Inc. increased its position by 464,967 shares, bringing its total to 9,367,272 shares valued at approximately $629.3 million, a 5.2% increase. AQR Capital Management LLC grew its holdings significantly by 1,722,429 shares, ending with 6,323,144 shares worth about $422.1 million, marking a 37.4% increase. Vanguard Portfolio Management LLC opened a new position with 5,598,802 shares valued at $376.1 million. State Street Corp slightly reduced its stake by 102,424 shares to 5,091,478 shares, valued at $345.1 million, a 2.0% decrease. Barrow Hanley Mewhinney & Strauss LLC dramatically increased its holdings by 3,625,977 shares to a total of 4,937,028 shares, valued at $331.7 million, reflecting a 276.6% increase.
Prosperity Bancshares, Inc. Stock Up 1.5%
On Tuesday, shares of Prosperity Bancshares (NYSE:PB) traded around $71.57. The company has a market capitalization of approximately $7.22 billion and a P/E ratio of 12.99. Its forward P/E is 9.92, and it has a beta of 0.662, indicating lower volatility compared to the market. The stock's 52-week range is between $61.07 and $77.20. The 50-day moving average is $69.29, while the 200-day moving average is $68.65.
$PB price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Prosperity Bancshares reported revenues of $1.31 billion, with a revenue growth rate of 19.9%. The company's net margin stands at 40.35%, and its return on equity is 6.73%. The next earnings report is scheduled for July 29, 2026.
Dividend
The company offers an annual dividend rate of $2.38, resulting in a yield of 3.34%. Its dividend payout ratio is 42.83%, and the ex-dividend date was not provided.
Insider Buying and Selling at Prosperity Bancshares, Inc.
Recent insider activity at Prosperity Bancshares includes several planned sales by Ned Holmes. He sold 1,100 shares at an average price of $71.67 on June 17, 2026, and similar transactions were made on June 10, June 3, May 27, and May 20, with prices ranging from $67.69 to $71.37. Robert Steelhammer sold 1,500 shares at $69.50 on May 26, 2026, without a pre-planned sale.
Analysts Set New Price Targets
On June 23, 2026, Cantor Fitzgerald reiterated its buy rating for Prosperity Bancshares with a price target of $80. Other recent analyst actions include Citigroup maintaining a hold rating with a $74 target on May 4, 2026, and TD Cowen maintaining a buy rating with a $79 target on May 1, 2026. The consensus recommendation is a buy, with a mean target price of $77.92 among 13 analysts.
About Prosperity Bancshares
Prosperity Bancshares, Inc., based in Houston, Texas, operates as the holding company for Prosperity Bank. The bank provides a range of financial services, including deposits, loans, and digital banking, to both businesses and consumers. It offers various loan products, including residential mortgages, commercial real estate, and consumer loans. The company was founded in 1983 and is led by CEO David E. Zalman, employing over 4,400 people.
Bottom Line
Cantor Fitzgerald's reiteration of a buy rating with an $80 target reflects confidence in Prosperity Bancshares' performance. Investors track such ratings closely to gauge market sentiment. It's important to remember that analyst ratings like these are based on available data and may not represent future performance.
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