Prosperity Bancshares director Ned Holmes sells $81,685 in stock By Investing.com

Ned S. Holmes, a director at Prosperity Bancshares Inc. (), sold shares totaling $81,685 on July 29, 2026. The transactions involved common stock sold at prices ranging between $72.84 and $74.3142 per share.

The sales included both directly held shares and shares held indirectly through various entities. Holmes directly disposed of 500 shares of common stock. Additionally, 500 shares were sold indirectly through a profit sharing plan, and 100 shares were sold indirectly as trustee of an SSH trust for an adult daughter.The transactions come as Prosperity Bancshares trades near its 52-week high of $77.20, with shares currently at $74.83. The $7.5 billion bank holds a P/E ratio of 12.95 and offers a dividend yield of 3.23%. According to InvestingPro analysis, the stock appears undervalued relative to its Fair Value, placing it among opportunities on the Most Undervalued list.

Following these transactions, Holmes continues to beneficially own a significant number of shares, both directly and indirectly. This includes 72,115 shares held directly, 87,693 shares held indirectly by a profit sharing plan, and 39,500 shares held indirectly as trustee of an SSH trust for an adult daughter. Other indirect holdings include 2,000 shares by a spouse, 8,820 shares as trustee of grandchildren’s trust, 3,720 shares by a trust, and 70,070 shares by a limited partnership.

In other recent news, Prosperity Bancshares has completed its merger with Stellar Bancorp, effectively combining Stellar Bank with Prosperity Bank as of July 1, 2026. Under 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. Additionally, Cantor Fitzgerald reiterated an Overweight rating on Prosperity Bancshares, maintaining 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.

In contrast, Morgan Stanley downgraded Prosperity Bancshares to Equalweight from Overweight, citing intensifying competition in Texas as a factor that may impact organic loan growth and expenses. Meanwhile, Benchmark initiated coverage on Prosperity Bancshares with a Hold rating, noting the company’s strong track record in earnings per share growth, profitability, and successful mergers and acquisitions. These recent developments provide a varied perspective on the company’s financial outlook and market position.

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