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Director Ned S Holmes of Prosperity Bancshares Inc (NYSE:PB), a $6 billion market cap regional bank trading near its 52-week low, sold 1090 shares of common stock on October 22, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at prices ranging from $63.3844 to $63.87, for a total value of $69777. InvestingPro analysis indicates the stock is currently fairly valued.
The filing reveals several individual sale transactions. Holmes sold 457 shares, 43 shares, 455 shares, 45 shares, 92 shares and 8 shares. The bank, which offers an attractive 3.7% dividend yield and has raised dividends for 17 consecutive years, trades at a P/E ratio of 11.5x.
Following these transactions, Holmes directly owns 90415 shares and indirectly owns 243081 shares of Prosperity Bancshares Inc. With earnings scheduled for October 29, investors can access comprehensive analysis and additional insights through InvestingPro’s detailed research report.
In other recent news, Prosperity Bancshares reported a strong performance for the second quarter of 2025, with net income reaching $135 million. This marks a 21% increase compared to the same period last year. The company’s diluted earnings per share (EPS) also rose by 21% to $1.42, indicating solid financial growth. Additionally, Prosperity Bancshares announced a quarterly dividend increase of 3.45%, bringing the dividend to $0.60 per share for the fourth quarter of 2025. This increase will be payable on January 2, 2026, to shareholders recorded by December 15, 2025. The company is also in the process of merging with American Bank Holding Corporation, a strategic move that reflects its expansion efforts. These developments have been noted by various analysts and investors, highlighting the company’s robust financial health and strategic direction.
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