Prosperity Bancshares director Ned Holmes sells $75,310 in stock

Ned S. Holmes, a director at Prosperity Bancshares Inc., sold 1,100 shares of common stock for a total of $75,310 on September 23, 2026, ranging from $67.69 to $68.6692 per share. Holmes directly disposed of 500 shares in two transactions and sold 500 shares indirectly through a profit sharing plan, as well as 100 shares indirectly as a trustee of an SSH trust for an adult daughter.

Despite PB stock trading at $67.27, down 4.4% over the past week, and being undervalued according to InvestingPro analysis with a 3.5% dividend yield, the insider sale still occurred. Prosperity Bancshares recently merged with Stellar Bancorp, issuing 0.3803 shares of Prosperity’s common stock and paying $11.36 in cash for each share of Stellar common stock.

Analysts have mixed views on the company, with Morgan Stanley downgrading it to Equalweight and Benchmark initiating coverage with a Hold rating. Nonetheless, Cantor Fitzgerald maintains an Overweight rating with a price target of $80.00 and adjusts its fiscal 2026 core earnings per share estimate to $6.22.