Insider Selling: Prosperity Bancshares (NYSE:PB) Director Sells $41,988.00 in Stock

Prosperity Bancshares, Inc. (NYSE:PB) Director Ned Holmes sold 600 shares of the business’s stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $69.98, for a total transaction of $41,988.00. Following the sale, the director directly owned 38,200 shares in the company, valued at $2,673,236. This trade represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Prosperity Bancshares Stock Performance

Shares of NYSE PB traded up $1.32 during mid-day trading on Wednesday, hitting $70.96. The stock had a trading volume of 1,726,121 shares, compared to its average volume of 1,105,330. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.75 and a current ratio of 0.75. The company has a 50 day moving average of $69.62 and a two-hundred day moving average of $70.35. Prosperity Bancshares, Inc. has a twelve month low of $62.58 and a twelve month high of $77.20. The firm has a market cap of $7.16 billion, a PE ratio of 12.30, a PEG ratio of 0.77 and a beta of 0.66.

Prosperity Bancshares (NYSE:PB) last issued its quarterly earnings results on Wednesday, October 28th. The bank reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.32. Prosperity Bancshares had a return on equity of 7.39% and a net margin of 29.95%. The company had revenue of $495.70 million during the quarter, compared to analysts’ expectations of $491.49 million. During the same quarter in the previous year, the firm posted $1.45 EPS. The firm’s revenue was up 56.0% compared to the same quarter last year. Research analysts predict that Prosperity Bancshares, Inc. will post 6.46 EPS for the current fiscal year.

Prosperity Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Tuesday, December 15th will be issued a $0.64 dividend. This is a boost from Prosperity Bancshares’s previous quarterly dividend of $0.60. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, December 15th. Prosperity Bancshares’s dividend payout ratio is currently 41.59%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. TD Cowen decreased their target price on Prosperity Bancshares from $84.00 to $78.00 and set a “buy” rating for the company in a report on Monday, October 5th. Wall Street Zen upgraded Prosperity Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Raymond James Financial upgraded shares of Prosperity Bancshares from a “market perform” rating to an “outperform” rating and set a $78.00 price target on the stock in a report on Tuesday, October 6th. Citigroup cut their price target on shares of Prosperity Bancshares from $79.00 to $77.00 and set a “neutral” rating on the stock in a report on Tuesday, September 22nd. Finally, Morgan Stanley raised their price target on shares of Prosperity Bancshares from $80.00 to $81.00 and gave the stock an “underweight” rating in a research report on Monday, September 28th. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Prosperity Bancshares presently has an average rating of “Hold” and an average target price of $77.55.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PB. Parkside Financial Bank & Trust boosted its holdings in Prosperity Bancshares by 52.0% in the second quarter. Parkside Financial Bank & Trust now owns 576 shares of the bank’s stock valued at $42,000 after purchasing an additional 197 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of Prosperity Bancshares during the 2nd quarter valued at about $54,000. MADDEN SECURITIES Corp purchased a new stake in shares of Prosperity Bancshares in the third quarter worth about $67,000. Root Financial Partners LLC grew its holdings in Prosperity Bancshares by 310.6% during the first quarter. Root Financial Partners LLC now owns 1,162 shares of the bank’s stock worth $78,000 after acquiring an additional 879 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Prosperity Bancshares by 15.9% during the third quarter. Farther Finance Advisors LLC now owns 1,867 shares of the bank’s stock worth $124,000 after acquiring an additional 256 shares during the period. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Prosperity Bancshares

Here are the key news stories impacting Prosperity Bancshares this week:

• Positive Sentiment: Merger-driven growth and stronger banking fundamentals: Third-quarter assets reached $54.1 billion, while loans increased 28.1% and deposits rose 26.5%. Net interest income climbed 62% year over year to $443.0 million, and the net interest margin improved to 3.73%, up 26 basis points from the second quarter. Prosperity Bancshares Third Quarter 2026 Earnings
• Positive Sentiment: Adjusted earnings exceeded expectations: Prosperity reported adjusted diluted EPS of $1.67, above the $1.63 Zacks consensus and well ahead of $1.45 a year earlier. Revenue of $495.7 million was also slightly above estimates, supporting the view that the Stellar combination is adding earnings power. Prosperity Bancshares Q3 Earnings Beat Estimates
• Positive Sentiment: Capital returns remain supportive: The board raised the quarterly dividend by $0.04, or 6.67%, to $0.64 per share—its 23rd consecutive annual increase. PB also repurchased approximately 457,000 shares during the quarter and 1.5 million shares year to date. Prosperity Bancshares Dividend and Buyback Update
• Neutral Sentiment: Credit quality bears monitoring: The company reported third-quarter net charge-offs, while nonperforming assets remained relatively low at 0.41% of average interest-earning assets and its loan-loss allowance totaled $629.6 million. Prosperity Bancshares Net Charge-Offs
• Negative Sentiment: GAAP results were weighed down by integration costs: Net income was $141.5 million, or $1.18 per diluted share, compared with $137.6 million and $1.45 per share a year earlier. Merger-related expenses totaled $69.7 million, creating a gap between reported and adjusted profitability. Recent insider selling may also temper sentiment. Prosperity Bancshares Q3 Sales and Profit Report

Prosperity Bancshares Company Profile

Prosperity Bancshares, Inc is a regional bank holding company headquartered in Houston, Texas. Through its principal subsidiary, Prosperity Bank, the company provides banking and financial services to individuals, businesses, and public entities.

Prosperity Bank offers deposit products, commercial and consumer lending, mortgage and real estate lending, treasury management, online and mobile banking, and other traditional banking services. Its lending activities include financing for commercial businesses, agriculture, residential and commercial real estate, and personal needs.

Founded in 1983, Prosperity Bancshares has expanded primarily through organic growth and the acquisition of community banks.