Prosperity Bancshares Inc (PB) Files Form 4 Insider Buying : H E Jr Timanus Buys 6,500 Shares

Prosperity Bancshares Inc (PB): H E Jr Timanus , Vice Chairman of Prosperity Bancshares Inc purchased 6,500 shares on Jun 27, 2016. The Insider buying transaction was reported by the company on Jun 28, 2016 to the Securities and Exchange Commission. The shares were purchased at $45.25 per share for a total value of $293,105.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 19, 2016, Robert H Steelhammer (director) sold 8,000 shares at $42.24 per share price.On Feb 3, 2016, H E Jr Timanus (Vice Chairman) purchased 3,000 shares at $40.30 per share price.Also, On Feb 1, 2016, Randy Hester (Chief Lending Officer of Bank) purchased 175 shares at $41.50 per share price.On Nov 24, 2015, David Hollaway (Chief Financial Officer) sold 1,000 shares at $55.33 per share price.

Shares of Prosperity Bancshares (PB) ended Monday, Jun 27, 2016 session in red amid volatile trading. The shares closed down -3.42 points or -7.06% at $45.05 with 10,05,617 shares getting traded. Post opening the session at $46.91, the shares hit an intraday low of $44.87 and an intraday high of $47.51 and the price vacillated in this range throughout the day. The company has a market cap of $3,134 M and the number of outstanding shares has been calculated to be 6,95,69,915 shares. The 52-week high of Prosperity Bancshares is $59.97 and the 52-week low is $33.57.

Prosperity Bancshares Money Flow Index Chart

Company has been under the radar of several Street Analysts.Prosperity Bancshares is Upgraded by Evercore ISI to Buy. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Jun 9, 2016.Prosperity Bancshares is Initiated by Compass Point to Neutral and the brokerage firm has set the Price Target at $50. The Rating was issued on Jun 7, 2016.Prosperity Bancshares is Upgraded by Raymond James to Outperform. Earlier the firm had a rating of Underperform on the company shares. The Rating was issued on May 9, 2016.Prosperity Bancshares is Reiterated by FBR Capital to Mkt Perform and the brokerage firm has raised the Price Target to $ 55 from a previous price target of $48 .The Rating was issued on Apr 28, 2016.Prosperity Bancshares is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 52 from a previous price target of $48 .The Rating was issued on Apr 28, 2016.

Prosperity Bancshares Inc. is a financial holding company. The Company operates through its bank subsidiary Prosperity Bank (the Bank). The Bank provides a range of financial products and services to small and medium-sized businesses and consumers. The Company’s additional products and services include trust services brokerage mortgage lending credit card and independent sales organization (ISO) sponsorship operations. Its traditional deposit products include certificates of deposit interest checking accounts savings accounts and overdraft protection. The Bank operates 245 full service banking locations including 62 in the Houston area 30 in the South Texas area 36 in the Dallas/Fort Worth area 22 in the East Texas area 30 in the Central Texas area 34 in the West Texas area 16 in the Bryan/College Station area six in the Central Oklahoma area and nine in the Tulsa Oklahoma area.

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