Prosperity Bancshares director Holmes sells $74,687 in stock

Published 14/08/2025, 16:04
Prosperity Bancshares director Holmes sells $74,687 in stock

Director Ned S. Holmes of Prosperity Bancshares Inc (NYSE:PB), a $6.45 billion regional bank trading at $67.90 per share, sold 1,100 shares of common stock on August 13, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales, executed in three separate transactions, totaled $74,687. According to InvestingPro analysis, the stock currently appears fairly valued based on its Fair Value model.

The prices realized for the shares ranged from $67.8771 to $67.9165. Specifically, 500 shares were sold directly, 500 shares were sold indirectly by profit sharing plan, and 100 shares were sold indirectly as trustee of SSH trust for adult daughter. The company maintains a strong 3.39% dividend yield and has raised its dividend for 17 consecutive years, as highlighted by InvestingPro’s analysis.

Following these transactions, Holmes directly owns 95,415 shares and indirectly owns 231,380 shares of Prosperity Bancshares, maintaining significant insider ownership in this profitable bank that trades at an attractive P/E ratio of 12.33.

In other recent news, Prosperity Bancshares reported its second-quarter 2025 earnings, which showed a slight earnings surprise. The company achieved an earnings per share (EPS) of $1.42, surpassing the forecast of $1.41. However, the revenue did not meet expectations, coming in at $310.7 million compared to the anticipated $314.98 million. Jefferies responded to these results by lowering its price target for Prosperity Bancshares from $90.00 to $85.00, though it maintained a Buy rating on the stock. The adjustment in the price target was attributed to slower loan growth, despite earnings being mostly in line with expectations. These recent developments highlight the mixed performance of Prosperity Bancshares in the latest quarter.

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