Prosperity Bancshares (PB) General Counsel Rasche Buys 950 Shares
Charlotte Rasche, EVP and General Counsel at Prosperity Bancshares, purchased 950 shares on July 1, 2026.
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Charlotte Rasche, EVP and General Counsel at Prosperity Bancshares, Inc. ($PB), bought 950 shares on July 1, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $PB is down 4.0% after 1 week, up 2.0% after 1 month and down 6.8% to date (from the $72.75 close on Jul 1, 2026).
PB
Prosperity Bancshares, Inc.
Key Points
- Charlotte Rasche bought 950 shares of Prosperity Bancshares, Inc. on July 1, 2026, as the stock was trading at $73.03.
- The stock is currently near its 52-week high of $77.20, showing a strong performance in recent months.
- Analysts have mixed opinions on the stock with a consensus hold rating and a target mean price of $77.
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Insider Buying and Selling at Prosperity Bancshares, Inc.
Charlotte Rasche, the Executive Vice President and General Counsel at Prosperity Bancshares, Inc. (NYSE: PB), bought 950 shares on July 1, 2026. At the time of the purchase, the stock was trading around $73.03. This move reflects Rasche's confidence in the company's future prospects.
What's Changed for Rasche's Position
With this purchase, Rasche has added to her holdings in Prosperity Bancshares. The transaction adds 950 shares, but the total value of the transaction was not disclosed. This is a notable move given the recent performance of the stock.
Analysts Set New Price Targets
Analysts have provided varying opinions on Prosperity Bancshares recently. On October 14, 2026, Cantor Fitzgerald maintained an Overweight rating with a target price of $78. RBC Capital also maintained its Sector Perform rating but lowered its target to $77 on October 9, 2026. Raymond James upgraded the stock to Outperform on October 6, 2026, with a target of $78. Overall, the consensus recommendation is to hold the stock, with a target mean price of $77 based on 13 analyst opinions.
Stock Performance Overview
Prosperity Bancshares is currently trading close to its 52-week high of $77.20, following a strong performance this year. The stock's previous close was $70.02, indicating a positive trend. Investors might be encouraged by Rasche's recent purchase, especially as the stock has shown resilience in the financial sector.
Recent Earnings
In its latest earnings report, Prosperity Bancshares posted revenue of approximately $1.39 billion, reflecting a revenue growth of 25.9%. The company has an earnings per share (EPS) of $5.77 and a net margin of 40.4%. The next earnings report is scheduled for November 4, 2026.
What Prosperity Bancshares, Inc. Does
Prosperity Bancshares, Inc. operates as a bank holding company and offers a wide range of financial products and services. It serves both businesses and consumers, providing various deposit accounts, loans, and digital banking services. This insider purchase comes at a time when the company is performing well in a competitive market.
What’s Next for Prosperity Bancshares
Investors will be watching for further insider transactions and the upcoming earnings report on November 4, 2026. Remember that this insider purchase reflects Rasche's confidence as of July 1, 2026, and may not represent her current position.
Related Filing Alerts
Source: Charlotte Rasche's Form 4 filing on $PB (Jul 1, 2026). Find the original filing: PB Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts