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Holmes of Prosperity Bancshares sells $72,967 in stock

Published 07/08/2025, 13:46
Holmes of Prosperity Bancshares sells $72,967 in stock
PB
1.01%

Director Ned S. Holmes of Prosperity Bancshares INC (NYSE:PB) sold 1,100 shares of common stock on August 6, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales were executed at weighted average prices ranging from $66.3321 to $66.3496, resulting in a total transaction value of $72,967. The $6.29 billion bank currently trades at a P/E ratio of 12.02 and offers a 3.51% dividend yield. According to InvestingPro analysis, the stock is trading near its Fair Value.

The filing indicates that 500 of the shares were directly owned by Holmes, while the other 600 were held indirectly through a profit sharing plan and as trustee of SSH trust for adult daughter. Following the transactions, Holmes directly owns 95,915 shares and indirectly owns 113,193 shares through profit sharing plan and 44,600 shares as trustee of SSH trust for adult daughter.

The sales were executed in multiple transactions at prices ranging from $65.98 to $66.845 inclusive.

The filing also reports holdings of Prosperity Bancshares INC (NYSE:PB) common stock by spouse, as trustee of grandchildren’s trust, by trust, and by limited partnership.

In other recent news, Prosperity Bancshares released its second-quarter 2025 earnings report, which showed a slight earnings surprise. The company posted an earnings per share (EPS) of $1.42, surpassing the forecasted $1.41. However, revenue did not meet expectations, coming in at $310.7 million compared to the anticipated $314.98 million. Following the earnings report, Jefferies lowered its price target for Prosperity Bancshares from $90.00 to $85.00. Despite the price target reduction, Jefferies maintained a Buy rating on the stock. The adjustment was attributed to slower loan growth, which was noted in the earnings results. These developments provide investors with a clearer picture of the company’s financial performance and market outlook.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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