Prosperity Bancshares, Inc. (NYSE:PB)

CAPS Rating: 2 out of 5

A financial holding company for Prosperity Bank, which provides a line of financial products and services to small and medium-sized businesses and consumers.

Recs

1
Player Avatar Griffin416 (99.98) Submitted: 3/30/2010 12:19:42 PM : Outperform Start Price: $37.24 PB Score: -15.34

I honestly have not look deeply here, but this is a Texas bank who recently took over a distressed one. 3 ideas here,
1) It must be somewhat fundamentally strong if it can take over other banks
2) Texas, as a state is extremely strong and has good growth prospects. They have good job growth and net in-migration
3) Benanke as his increasingly doveish team will keep the yield curve crazy steep, enhancing PRSP's profits

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