Prosperity Bancshares director Ned Holmes sells $81,058 in stock

Ned S. Holmes, a director at Prosperity Bancshares Inc . (NYSE:PB), a $6.93 billion market cap bank that boasts a 3.14% dividend yield and has raised dividends for 17 consecutive years, recently sold shares of the company, according to a filing submitted to the Securities and Exchange Commission. Holmes disposed of a total of 1,100 shares of common stock on March 5, 2025, generating proceeds of approximately $81,058. The shares were sold at prices ranging from $73.5541 to $74.225 per share, close to current trading levels. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value metrics.

Following these transactions, Holmes holds direct and indirect ownership of various shares, including 105,315 shares directly and additional shares through trusts and other entities. Holmes’s transactions were conducted under a Rule 10b5-1 trading plan, a prearranged trading plan for insiders to sell stocks. For comprehensive insider trading analysis and additional insights, including 8 exclusive ProTips, check out the detailed research available on InvestingPro.

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 forecasted $1.34, and reported revenue of $307.61 million, which also surpassed the anticipated $303.82 million. Prosperity Bancshares’ net income saw a significant year-over-year increase of 36%, reaching $130 million. The company also announced a stock repurchase program, allowing for the acquisition of up to 5% of its outstanding common stock over the next year.

In terms of strategic growth, Prosperity Bancshares continues to explore potential mergers and acquisitions, as indicated by CEO David Zalman. The company is focused on maintaining a conservative investment strategy while expanding its financial services. Analysts, such as those from Morgan Stanley (NYSE:MS), expressed cautious optimism about the company’s loan growth, supported by positive customer sentiment.

Prosperity Bancshares has also seen improvements in its net interest margin, which increased by 30 basis points to 3.05%, and expects it to reach between 3.25% and 3.35% in 2025. Additionally, the company has a strong core deposit base, with non-interest-bearing deposits making up 34.5% of total deposits. The firm’s efficiency ratio improved to 46% from 55.6% in the previous year, reflecting enhanced operational performance.

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