In a filing, Prosperity Bancshares Inc revealed its Director HOLMES NED S unloaded Company’s shares for reported $45826.0 on Feb 26 ’25. In the deal valued at $76.38 per share,600 shares were sold. As a result of this transaction, HOLMES NED S now holds 46,900 shares worth roughly $3.46 million.
Then, HOLMES NED S sold 500 shares, generating $38,206 in total proceeds. Upon selling the shares at $76.41, the Director now owns 105,815 shares.
Before that, HOLMES NED S sold 600 shares. Prosperity Bancshares Inc shares valued at $46,880 were divested by the Director at a price of $78.13 per share. As a result of the transaction, HOLMES NED S now holds 47,000 shares, worth roughly $3.46 million.
BofA Securities upgraded its Prosperity Bancshares Inc [PB] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in early December from “an Outperform” to “a Peer perform”. DA Davidson also remained covering PB and has decreased its forecast on October 15, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wedbush revised its rating on September 24, 2024. It rated PB as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of PB
On Tuesday, Prosperity Bancshares Inc [NYSE:PB] saw its stock fall -3.22% to $73.71. Over the last five days, the stock has lost -3.72%. Prosperity Bancshares Inc shares have fallen nearly -2.18% since the year began. Nevertheless, the stocks have risen 18.11% over the past one year. While a 52-week high of $86.75 was reached on 01/29/25, a 52-week low of $57.16 was recorded on 01/10/25. SMA at 50 days reached $77.29, while 200 days put it at $72.41.
Levels Of Support And Resistance For PB Stock
The 24-hour chart illustrates a support level at 72.66, which if violated will result in even more drops to 71.62. On the upside, there is a resistance level at 75.09. A further resistance level may holdings at 76.48. The Relative Strength Index (RSI) on the 14-day chart is 29.96, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.23%. Stochastics %K at 16.35% indicates the stock is a buying.
