Prosperity Bancshares director Ned Holmes sells $70,094 in stock

Published 10/04/2025, 18:04
Prosperity Bancshares director Ned Holmes sells $70,094 in stock

Ned S. Holmes, a director at Prosperity Bancshares Inc . (NYSE:PB), a $6 billion regional bank trading at 12.5 times earnings, recently sold shares of the company's common stock, according to a filing with the Securities and Exchange Commission. On April 9, Holmes sold a total of 1,100 shares, resulting in proceeds of approximately $70,094. The transactions were conducted at prices ranging from $62.30 to $67.50 per share. According to InvestingPro analysis, the stock currently appears undervalued relative to its Fair Value.

Following these sales, Holmes retains ownership of 103,073 shares directly and additional shares indirectly through various trusts and plans. The sales were executed as part of a prearranged trading plan. Holmes's remaining holdings indicate continued substantial investment in the company, which boasts a 3.4% dividend yield and has raised its dividend for 17 consecutive years. Additional financial metrics and insights are available through InvestingPro's comprehensive research report.

In other recent news, Prosperity Bancshares reported impressive financial results for the fourth quarter of 2024, surpassing analysts' expectations. The company achieved an earnings per share (EPS) of $1.37, exceeding the forecast of $1.34, and reported revenue of $307.61 million, which also outperformed the anticipated $303.82 million. Net income increased by 36% year-over-year to $130 million, reflecting the company's strong financial health. Additionally, Prosperity Bancshares announced a stock repurchase program, allowing the buyback of up to 5% of its outstanding shares. The company is also exploring potential mergers and acquisitions to further enhance its market position. Analysts from RBC Capital Markets and Morgan Stanley (NYSE:MS) have expressed interest in the company's future growth prospects, particularly in the areas of loan growth and net interest margin. Prosperity Bancshares continues to maintain a conservative lending strategy while focusing on expanding its trust and brokerage fee services.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.