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Director Ned S. Holmes of PROSPERITY BANCSHARES INC (NYSE:PB), a $6.2 billion regional bank with a strong dividend track record, sold 1,100 shares of common stock on October 8, 2025. The sales, executed in three separate transactions, totaled $72,214. According to InvestingPro analysis, the stock currently appears fairly valued, trading at a P/E ratio of 11.9.
The sales were executed at weighted average prices ranging from $65.6332 to $65.6648. Specifically, 500 shares were sold at a weighted average price of $65.6332, 500 shares were sold at a weighted average price of $65.6648 and 100 shares were sold at a weighted average price of $65.6565. The company has maintained dividend payments for 27 consecutive years, with a current yield of 3.6%.
Following the transactions, Holmes directly owns 91,415 shares and indirectly owns thousands of shares through a profit sharing plan, trusts, and a limited partnership. Analysts maintain a positive outlook on the stock, with price targets ranging from $68 to $90 per share.
In other recent news, Prosperity Bancshares reported its second-quarter 2025 earnings, which slightly exceeded expectations with an earnings per share (EPS) of $1.42, compared to the forecast of $1.41. However, the company’s revenue did not meet projections, coming in at $310.7 million against an anticipated $314.98 million. In acquisition news, Prosperity Bancshares announced it will acquire Southwest Bancshares in San Antonio for $269 million. This follows a previous acquisition of American Bank Holding Corp., which has strengthened its presence in the San Antonio area.
Analyst firms have weighed in on these developments, with DA Davidson maintaining a Neutral rating and a $75 price target on the stock post-acquisition announcement. RBC Capital has reiterated its Sector Perform rating with a $78 price target, expressing positive views on the latest acquisition. Meanwhile, Jefferies lowered its price target to $85 from $90 due to slower loan growth, although it maintained a Buy rating on the stock. These recent developments highlight Prosperity Bancshares’ strategic moves and financial performance amidst a dynamic market environment.
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