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Director Ned S. Holmes of PROSPERITY BANCSHARES INC (NYSE:PB), a $6.67 billion regional bank trading at 13.3x earnings, sold 1,100 shares of common stock on June 25, 2025, for a total of approximately $75,998. The sales were executed at weighted average prices ranging from $68.75 to $69.385, close to current trading levels of $69.97. According to InvestingPro analysis, the stock appears slightly overvalued at these levels.
Specifically, Holmes sold 500 shares directly at a weighted average price of $69.0927, 500 shares held by profit sharing plan at a weighted average price of $69.0886, and 100 shares as trustee of SSH trust for adult daughter at a weighted average price of $69.0821. The company maintains a solid 3.36% dividend yield and has raised its dividend for 17 consecutive years, as highlighted in InvestingPro’s comprehensive analysis.
Following these transactions, Holmes directly owns 98,915 shares. Holmes also indirectly owns 116,193 shares by profit sharing plan, 45,200 shares as trustee of SSH trust for adult daughter, 2,000 shares by spouse, 8,820 shares as trustee of grandchildren’s trust, 3,720 shares by trust and 70,070 shares by limited partnership. Analysts maintain a positive outlook on PB, with price targets ranging from $77 to $90. Get deeper insights and access to 8 additional ProTips with InvestingPro’s exclusive research report.
In other recent news, Prosperity Bancshares reported its first-quarter 2025 earnings, exceeding analyst expectations with an earnings per share (EPS) of $1.37 compared to the forecasted $1.35. However, the company’s revenue slightly missed projections, coming in at $306.68 million against an anticipated $307.93 million. Jefferies has initiated coverage on Prosperity Bancshares with a Buy rating and a price target of $85, citing the bank’s strong capital position and potential for net interest margin (NIM) expansion. Meanwhile, Raymond (NSE:RYMD) James maintained an Outperform rating but lowered its price target to $80 from $87, following the bank’s quarterly results that surpassed expectations in core earnings per share and pre-provision net revenue.
Raymond James analysts noted Prosperity Bancshares’ strong capital position and operational efficiency, although they reduced future EPS estimates due to lower forecasts for loan and balance sheet growth. The bank’s net income rose to $130 million, marking a 17.9% increase from the previous year. Prosperity Bancshares also reported a significant improvement in net interest margin, which increased to 3.14% from 2.79% in the first quarter of 2024. Analysts from both Jefferies and Raymond James highlighted the bank’s strategic flexibility and potential for mergers and acquisitions as key strengths amid economic uncertainties.
Prosperity Bancshares’ strong performance history and strategic capital deployment continue to bolster its reputation as a reliable investment choice. The company remains focused on maintaining strong asset quality while exploring growth opportunities through mergers and acquisitions. Despite some challenges, such as a slight decline in loans held for investment and deposits, the bank’s robust profitability and strategic outlook remain favorable according to analysts.
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