Today, the EVP of Prosperity Bancshares (NYSE: PB), Randy Hester, sold shares of PB for $365.6K.
Following Randy Hester’s last PB Sell transaction on February 01, 2016, the stock climbed by 33.8%.
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Based on Prosperity Bancshares’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $199 million and quarterly net profit of $74.36 million. In comparison, last year the company earned revenue of $194 million and had a net profit of $68.57 million. The company has a one-year high of $79.20 and a one-year low of $55.84. PB’s market cap is $5.11B and the company has a P/E ratio of 18.23.
Six different firms, including J.P. Morgan and Morgan Stanley, currently also have a Sell rating on the stock. Based on 4 analyst ratings, the analyst consensus is Hold with an average price target of $76.50, reflecting a -4.5% downside.
The insider sentiment on Prosperity Bancshares has been negative according to 36 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Prosperity Bancshares, Inc. is a holding company, which engages in the provision of financial products and solutions. It provides retail and commercial banking services such as deposits, online Internet banking, loan services, investments, trust, credit card and others. The company offers its products to small and medium-sized businesses and consumers.
