Rafferty Asset Management Boosts Prosperity Bancshares Stake

Investment firm increases holdings in Texas-based bank by 44%

Published on Mar. 2, 2026

Got story updates? Submit your updates here. ›

Rafferty Asset Management LLC has increased its stake in Prosperity Bancshares, Inc. (NYSE: PB) by 44.1% in the third quarter, according to a recent SEC filing. The investment firm now owns 159,871 shares of the Texas-based bank's stock, valued at $10.6 million.

Why it matters

Prosperity Bancshares is a regional bank with a strong presence in Texas, Oklahoma, Arkansas, and Louisiana. The increase in Rafferty's stake suggests the investment firm sees growth potential in the bank's business and geographic footprint.

The details

According to the SEC filing, Rafferty Asset Management acquired an additional 48,943 shares of Prosperity Bancshares during the third quarter, bringing its total holdings to 159,871 shares. This represents a 44.1% increase in the firm's position. Prosperity Bancshares is a regional bank that provides a range of commercial and consumer banking services across its multi-state network.

  • Rafferty Asset Management increased its stake in Prosperity Bancshares during the third quarter of 2026.

The players

Rafferty Asset Management LLC

An investment management firm that has increased its stake in Prosperity Bancshares.

Prosperity Bancshares, Inc.

A regional bank with a strong presence in Texas, Oklahoma, Arkansas, and Louisiana.

Got photos? Submit your photos here. ›

The takeaway

The increase in Rafferty Asset Management's stake in Prosperity Bancshares suggests the investment firm sees growth potential in the regional bank's business and geographic footprint. This move highlights the ongoing interest in the banking sector from institutional investors.