New insider activity at Prosperity Bancshares ( (PB) ) has taken place on February 13, 2025.
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Director Ned Holmes recently sold 1,100 shares of Prosperity Bancshares stock, amounting to a total transaction value of $86,109.
Recent Updates on PB stock
Prosperity Bancshares recently reported strong Q4 2024 earnings, marked by a 36% increase in net income and improved financial metrics, such as a higher net interest margin and a better efficiency ratio. The company also announced a stock repurchase program and experienced positive deposit growth. However, challenges such as flat organic loan growth and increased non-performing assets were noted. Analysts raised the stock’s price target due to the company’s solid Q4 results, favorable asset repricing prospects, superior credit profile, potential for mergers and acquisitions, and strong expense control. These factors are expected to drive profitability expansion and are supported by favorable economic conditions in Texas and Oklahoma.
More about Prosperity Bancshares
YTD Price Performance: 6.52%
Average Trading Volume: 488,988
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $7.5B