Prosperity Bancshares director Ned Holmes sells $78,030 in stock

Director Ned S. Holmes of Prosperity Bancshares Inc. (NASDAQ: PB) sold $78,030 worth of common stock on September 16, 2026. The shares were sold at prices between $69.89 and $71.0263 per share. Holmes sold shares both directly and indirectly. Directly, he sold 28 shares at $69.89 each and 472 shares at an average price of $71.0127.

Indirectly, he sold 45 shares through a profit sharing plan at $69.89 and 455 shares at a weighted average price of $71.0258. The current stock price is $69.98 with a market cap of $8.4 billion. Prosperity Bancshares is considered undervalued, paying a 3.41% dividend for 18 consecutive years. Holmes also disposed of 8 shares and 92 shares as trustee of an SSH trust.

Prosperity Bancshares recently merged with Stellar Bancorp, with Prosperity issuing 0.3803 shares and paying $11.36 in cash per Stellar share. Morgan Stanley downgraded Prosperity to Equalweight, citing competition in Texas, while Benchmark gave a Hold rating and Cantor Fitzgerald maintained an Overweight rating with a price target of $80.00.