Ned S Holmes, Prosperity Bancshares director, sells $81,024 in stock By Investing.com

Ned S. Holmes, a director at Prosperity Bancshares Inc. (), sold common stock totaling $81,024 on August 19, 2026. The sales occurred at prices ranging from $73.4146 to $74.2525 per share. The stock currently trades at $72.90, and according to InvestingPro analysis, appears undervalued based on its Fair Value assessment. The $8.93 billion bank trades at a P/E ratio of 12.63 and offers investors a 3.29% dividend yield, having raised its dividend for 18 consecutive years. For deeper insights, investors can access PB’s comprehensive Pro Research Report, one of 1,400+ available for top US equities.

Mr. Holmes directly disposed of 500 shares of Prosperity Bancshares common stock. These direct sales were executed at prices ranging from $72.85 to $74.50 per share.

Additionally, 500 shares were sold indirectly through a profit sharing plan, with prices ranging from $72.86 to $74.50 per share. Another 100 shares were sold indirectly as trustee of an SSH trust for an adult daughter, at prices between $72.85 and $74.535 per share.

Following these transactions, Mr. Holmes directly holds 70,615 shares of common stock. His indirect beneficial ownership includes 86,193 shares through a profit sharing plan, 39,200 shares as trustee of an SSH trust for an 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 a limited partnership.

In other recent news, Prosperity Bancshares has completed its merger with Stellar Bancorp, combining Stellar Bank with Prosperity Bank. As part of the merger agreement, Prosperity issued 0.3803 shares of its common stock and paid $11.36 in cash for each outstanding share of Stellar common stock. Morgan Stanley downgraded Prosperity Bancshares from Overweight to Equalweight, citing increased competition in Texas as a factor that could affect loan growth and expenses. Benchmark initiated coverage of Prosperity Bancshares with a Hold rating, noting the company’s strong earnings growth, successful mergers, and low-cost funding as positive factors.

Cantor Fitzgerald maintained its Overweight rating on Prosperity Bancshares, setting a price target of $80.00. The firm adjusted its fiscal 2026 core earnings per share estimate to $6.22, up from $6.15, due to lower core expenses and a reduced share count. Meanwhile, the fiscal 2027 core EPS estimate remains at $7.25. These developments highlight the dynamic changes and analyst perspectives surrounding Prosperity Bancshares.

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