Yahoo Finance Jack Lord Just Bought 18% More Shares In Prosperity Bancshares, Inc. (NYSE:PB)
Investors who take an interest in Prosperity Bancshares, Inc. (NYSE:PB) should definitely note that insider Jack Lord recently paid US$62.04 per share to buy US$310k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 18%.
View our latest analysis for Prosperity Bancshares
The Last 12 Months Of Insider Transactions At Prosperity Bancshares
In fact, the recent purchase by Jack Lord was the biggest purchase of Prosperity Bancshares shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$59.70). It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
Over the last year, we can see that insiders have bought 12.00k shares worth US$761k. On the other hand they divested 4.50k shares, for US$320k. In the last twelve months there was more buying than selling by Prosperity Bancshares insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Prosperity Bancshares is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of Prosperity Bancshares
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that Prosperity Bancshares insiders own 4.2% of the company, worth about US$237m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About Prosperity Bancshares Insiders?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Prosperity Bancshares. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Prosperity Bancshares. At Simply Wall St, we found 1 warning sign for Prosperity Bancshares that deserve your attention before buying any shares.
Of course Prosperity Bancshares may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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