Prosperity Bancshares Inc. (NYSE: PB) reported in a Form 4 filing that director Ned S. Holmes sold 1,100 shares of the company's common stock on April 1, 2026. The transactions were executed in three tranches and produced total proceeds of $74,573.
Transaction detail
The filing breaks down the sales as follows: 500 shares were sold at a weighted average price of $67.7985, another 500 shares at $67.7934, and 100 shares at $67.7798. The filing also shows that the per-share sale prices across those trades ranged from $67.36 to $68.08.
Post-transaction ownership
After completing these sales, Holmes retains direct ownership of 78,915 shares of Prosperity Bancshares. The filing lists additional indirect holdings attributed to him or his family and related trusts, including 96,193 shares in a profit sharing plan, 41,200 shares held in a trust for an adult daughter where he is trustee, 2,000 shares held by his spouse, 8,820 shares in a grandchildren's trust where he serves as trustee, 3,720 shares held by another trust, and 70,070 shares owned by a limited partnership.
Market and valuation context
The company's common stock is quoted at $67.02 and shows a price-to-earnings ratio of 11.72. According to InvestingPro analysis cited in the filing, Prosperity Bancshares is considered undervalued relative to its Fair Value and appears on InvestingPro's Most Undervalued stocks list. The bank has also increased its dividend for 18 consecutive years and currently yields 3.58%.
Recent quarterly performance
Prosperity Bancshares released fourth-quarter 2025 results showing diluted earnings per share of $1.49, topping analyst expectations of $1.42. Reported revenue for the quarter was $317.73 million, narrowly missing the consensus projection of $317.9 million. The companys EPS beat was favorable, but the slight revenue shortfall has been highlighted as a cause for investor concern. Analysts have observed negative stock reactions in response to these mixed results, though the filing does not include specific intraday price moves.
Takeaway
The Form 4 disclosure details a modest insider sale by a long-tenured director while confirming that Holmes continues to hold significant direct and indirect stakes. The quarter's results combined an EPS beat with a marginal revenue miss, outcomes that together have contributed to varied investor sentiment despite indicators of valuation support from InvestingPro and a long record of dividend increases.