New insider activity at Prosperity Bancshares ( (PB) ) has taken place on February 20, 2025.
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Director Ned Holmes recently executed two sales of Prosperity Bancshares stock. In one transaction, he sold 600 shares for a total of $46,885. In another transaction, he sold 500 shares, amounting to $39,069.
Recent Updates on PB stock
Prosperity Bancshares reported robust Q4 2024 earnings, with a 36% increase in net income and improved efficiency and net interest margins, signaling strong financial health and effective management. The company announced a stock repurchase program, enhancing shareholder value, and experienced positive deposit growth due to a merger. However, organic loan growth was flat, and non-performing assets increased, posing challenges. Analysts adjusted price targets, citing the company’s solid earnings results exceeding expectations, a strong credit profile, and strategic potential for mergers and acquisitions as reasons for optimistic future growth projections.
More about Prosperity Bancshares
YTD Price Performance: 5.29%
Average Trading Volume: 477,508
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $7.49B