By Katherine Hamilton
Prosperity Bancshares authorized a stock buyback of 5% of its shares, it said Tuesday.
The Houston company authorized the repurchase of up to 4.8 million shares over the next year.
Prosperity is the parent company of Prosperity Bank, a personal banking company in Texas and Oklahoma. Its stock has risen 19%, to $80.24, over the past 12 months.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
January 21, 2025 17:20 ET (22:20 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。