Prosperity Bancshares (PB), the parent company of Prosperity Bank, announced that its Board of Directors authorized a stock repurchase program under which the Company may repurchase up to 5%, or approximately 4.8M shares, of its outstanding common stock over a one-year period expiring on January 21, 2026, at the discretion of management. Repurchases under this program may be made from time to time in open market transactions, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
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Read More on PB:
- Prosperity Bancshares price target lowered to $85 from $86 at RBC Capital
- Prosperity Bancshares upgraded to Neutral from Underperform at BofA
- Prosperity Bancshares price target raised to $88 from $84 at Barclays
- Prosperity Bancshares price target raised to $95 from $80 at Compass Point
- Prosperity Bancshares price target raised to $84 from $76 at Barclays