The EVP of Prosperity Bancshares (NYSE: PB) is Selling Shares

By Carrie Williams

Today, the EVP of Prosperity Bancshares (NYSE: PB), Michael Epps, sold shares of PB for $319.5K.

Following Michael Epps’ last PB Sell transaction on January 05, 2016, the stock climbed by 19.7%. In addition to Michael Epps, 2 other PB executives reported Sell trades in the last month.

The company has a one year high of $66.23 and a one year low of $33.57. PB’s market cap is $4.5B and the company has a P/E ratio of 16.36. Currently, Prosperity Bancshares has an average volume of 485.5K.

Five different firms, including J.P. Morgan and Morgan Stanley, currently also have a Sell rating on the stock. Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $58.33, reflecting a 11.6% upside.

The insider sentiment on Prosperity Bancshares has been negative according to 34 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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. It offers its products to small and medium-sized businesses and consumers. The company was founded by Tracy T. Rudolph in 1983 and is headquartered in Houston, TX.