Prosperity Bancshares director Holmes sells $81,533 in stock

Director Ned S. Holmes of Prosperity Bancshares Inc (NYSE:PB) sold 1,100 shares of common stock on July 9, 2025, for a total of $81,533. The sales occurred at weighted average prices ranging from $74.1107 to $74.1494. According to InvestingPro data, the stock is currently trading slightly below its Fair Value, with a P/E ratio of 14.16 and a market capitalization of $7.08 billion.

The filing indicates that 500 of the shares were directly owned by Holmes, while the other sales involved indirectly held shares. Specifically, 500 shares were sold that were held by a profit-sharing plan, and 100 shares were sold as trustee of SSH trust for an adult daughter.

Following the transactions, Holmes directly owns 97,915 shares. He also indirectly holds 115,193 shares through a profit sharing plan, 45,000 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 by limited partnership. InvestingPro analysis reveals the bank has maintained dividend payments for 27 consecutive years, with a current yield of 3.12%. For detailed financial health metrics and additional ProTips, access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Prosperity Bancshares reported its first-quarter 2025 earnings, exceeding analysts’ expectations with an earnings per share (EPS) of $1.37, surpassing the projected $1.35. However, the company’s revenue slightly missed forecasts, coming in at $306.68 million compared to the anticipated $307.93 million. Analysts at Raymond (NSE:RYMD) James maintained an Outperform rating on Prosperity Bancshares but adjusted their price target from $87 to $80, citing future EPS estimate reductions due to lowered forecasts for loan and balance sheet growth. Despite these adjustments, Raymond James highlighted the bank’s strong capital position and operational efficiency as positive aspects. Jefferies initiated coverage on Prosperity Bancshares with a Buy rating and set a price target of $85, emphasizing the bank’s strong capital position and potential for net interest margin expansion. Jefferies also noted the bank’s historical success in navigating economic challenges, reinforcing its reputation as a reliable performer. These recent developments reflect varied analyst perspectives on Prosperity Bancshares, focusing on its financial performance and strategic potential in a volatile economic environment.

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