Prosperity Bancshares Inc (PB) Files Form 4 Insider Selling : Robert H Steelhammer Sells 2,900 Shares

Prosperity Bancshares Inc (PB): Robert H Steelhammer , director of Prosperity Bancshares Inc sold 2,900 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were sold at $54.00 per share for a total value of $156,600.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 25, 2016, Perry Jr Mueller (director) sold 13,536 shares at $54.00 per share price.On Jun 28, 2016, H E Jr Timanus (Vice Chairman) purchased 6,500 shares at $45.25 per share price.Also, On Feb 19, 2016, Robert H Steelhammer (director) sold 8,000 shares at $42.24 per share price.On Feb 1, 2016, Randy Hester (Chief Lending Officer of Bank) purchased 175 shares at $41.50 per share price.

Shares of Prosperity Bancshares (PB) ended Monday, Sep 12, 2016 session in red amid volatile trading. The shares closed down -0.22 points or -0.40% at $54.28 with 368,004 shares getting traded. Post opening the session at $53.91, the shares hit an intraday low of $53.38 and an intraday high of $54.3958 and the price vacillated in this range throughout the day. The company has a market cap of $3,771 M and the number of outstanding shares has been calculated to be 69,479,611 shares. The 52-week high of Prosperity Bancshares is $57.04 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 Hovde Group to Outperform and the brokerage firm has set the Price Target at $54. Earlier the firm had a rating of Market Perform on the company shares. The Rating was issued on Jun 29, 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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