Ned S. Holmes, a director of Prosperity Bancshares Inc., sold 1,100 shares of common stock for $80,505 on Aug. 26, according to a filing with the U.S. Securities and Exchange Commission.
The sales were executed at weighted average prices between $72.26 and $73.215, reflecting multiple transactions. Of the total sold, 500 shares were directly held by Holmes, while 500 were held indirectly through a profit-sharing plan. An additional 100 shares were disposed of through trusts for adult daughters, with 5 and 95 shares sold respectively.
Holmes retains substantial indirect and direct holdings in the company. Direct ownership totals 70,115 shares, while indirect holdings include 85,693 shares in a profit-sharing plan and 39,195 shares held in trust for one adult daughter. Additional indirect positions include 39,100 shares in a second trust for another adult daughter, 2,000 shares held by a spouse, and 8,820 shares in a grandchildren’s trust. Holmes also holds 3,720 shares through another trust and 70,070 shares via a limited partnership.
Prosperity Bancshares’ stock was trading at $73.08 at the time of the transaction, with a market capitalization of $8.72 billion. The company maintains a price-to-earnings ratio of 12.66 and offers a dividend yield of 3.28%, having raised dividends for 18 consecutive years and maintained payments for 28 years.
The bank completed its merger with Stellar Bancorp on July 1, 2026, issuing 0.3803 shares of its common stock and $11.36 in cash for each outstanding share of Stellar Bancorp. Analysts at Morgan Stanley recently downgraded Prosperity Bancshares to Equalweight from Overweight, citing heightened competition in Texas that may pressure loan growth and elevate expenses. Cantor Fitzgerald, however, maintained an Overweight rating and raised its fiscal 2026 core earnings per share estimate to $6.22 from $6.15, attributing the revision to lower expenses and a reduced share count.
