New insider activity at Prosperity Bancshares ( (PB) ) has taken place on April 4, 2025.
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Director Ned Holmes recently sold a total of 1,100 shares of Prosperity Bancshares stock in two separate transactions. The first transaction involved the sale of 600 shares valued at $42,523, while the second transaction included 500 shares sold for $35,436.
Recent Updates on PB stock
In the last 24 hours, Prosperity Bancshares has seen adjustments in its price targets by major financial firms. BofA reduced its price target due to concerns over weaker loan demand and capital markets activity, which have led to lowered EPS estimates. The firm also noted downside risks to growth outlooks for regional banks. Similarly, Morgan Stanley decreased its price target, citing higher uncertainty and slower economic growth, influenced by unexpected trade and tariff policy changes. Despite these reductions, the firm maintains an Overweight rating, acknowledging the broader economic challenges and policy uncertainties affecting the sector. Meanwhile, Raymond James increased its price target, reflecting a positive response to Prosperity Bancshares’ strong Q4 2024 earnings, which exceeded consensus expectations.
More about Prosperity Bancshares
YTD Price Performance: -4.27%
Average Trading Volume: 569,752
Technical Sentiment Signal: Sell
Current Market Cap: $6.73B