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Director Ned S. Holmes of Prosperity Bancshares Inc (NYSE:PB), a $6.4 billion regional bank trading at 12.3 times earnings, sold 1,100 shares of common stock on September 10, 2025, for a total of $73,904. The sales were executed in multiple transactions at prices ranging from $67.1626 to $67.1883. According to InvestingPro analysis, the stock is currently trading near its Fair Value.
The transactions involved three separate sales. Holmes directly sold 500 shares. An additional 500 shares were sold indirectly by profit sharing plan. Finally, 100 shares were sold as trustee of SSH trust for adult daughter. The bank maintains a solid 3.5% dividend yield and has increased dividends for 17 consecutive years.
Following these transactions, Holmes directly owns 93,415 shares and indirectly owns 110,693 shares by profit sharing plan, 44,100 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 shares by limited partnership. Analysts maintain a moderate buy rating on the stock, with price targets ranging from $77 to $90. Get the complete financial health analysis and 8 additional key insights with InvestingPro.
In other recent news, Prosperity Bancshares reported its second-quarter 2025 earnings, slightly surpassing analyst expectations with an earnings per share (EPS) of $1.42, compared to the projected $1.41. However, the company’s revenue did not meet forecasts, coming in at $310.7 million against the anticipated $314.98 million. Following these results, Jefferies adjusted its price target for Prosperity Bancshares from $90.00 to $85.00, citing slower loan growth as a contributing factor. Despite this adjustment, Jefferies maintained a Buy rating on the stock. These developments highlight the mixed performance of Prosperity Bancshares, with earnings beating expectations but revenue falling short.
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