Prosperity Bancshares, Inc. (NASDAQ:PRSP)

21popsontop (< 20) Submitted: 10/25/2010 10:13:30 PM : Start Price: $30.62 PRSP Score: +19.96

Prosperity Bancshares is tagged for perfection.A big thanks to all the financial bounty hunters who lost their a_ _ trying to ride this one of a few sector stand alone gun slinger's to the grass,and hoping you can get me another bottom grab before he heals them wounds and blows the roof of this market in half.Be careful though,he's light'N fast with those pistols. That one star looks like a ranger badge,and before the decades out I see a run away longshot plus 4 deputy badges
attached. Fellow fools Griffin 416,Glasqow PI 13 ,and Intrepid 339 were without blinders,and unbiased looking around this coral of sly moves,acquisitions,earnings,and revenue growth throughout the latest thriller AS The World Ends instead of following the crowd,exactly the kind of analysis,that adds long term $$$'s to an account with stomach for volatility. Contrarian all the way and predicting (PRSP) to see a much better day in this decade long stampede.

Griffin416 (99.98) Submitted: 3/30/2010 12:19:42 PM : Start Price: $39.02 PRSP Score: -9.92

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

Paramnesia1930 (31.28) Submitted: 12/4/2009 5:11:52 PM : Start Price: $38.10 PRSP Score: +13.83

Volume since late October has been declining, the advance-decline line and momentum indicators have not confirmed the latest highs, and sentiment indicators are frothy. As confidence in the recovery breaks down and money managers lock in 2009 profits, equities will fall—especially banks that have risen excessively in the last six months.

intrepid339 (< 20) Submitted: 10/13/2008 5:48:33 PM : Start Price: $32.42 PRSP Score: -5.46

Pristine Credit quality over 20 years earnings greater each year Likely aquiror in stressful market conditions

mindmuse (98.94) Submitted: 8/20/2008 12:34:57 PM : Start Price: $28.77 PRSP Score: -33.21

Joining dexion's stoning party

goldminingXpert (98.93) Submitted: 8/19/2008 6:04:50 AM : Start Price: $29.09 PRSP Score: -31.99

Dexion10 nailed this one: http://caps.fool.com/Blogs/ViewPost.aspx?bpid=79889&t=01006200319074134916

jester112358 (29.17) Submitted: 8/19/2008 4:36:46 AM : Start Price: $29.09 PRSP Score: -31.99

I like dexion10's analysis of their book value and questionable loan portfolio. My consider some puts on this one in my real trading portfolio. Thanks for the great analysis of banks dexion10!

Tastylunch (29.57) Submitted: 8/19/2008 12:47:08 AM : Start Price: $29.09 PRSP Score: -31.99

Dexion wrote a good pitch, http://caps.fool.com/Pitch/PRSP/2929760/im-very-excited-to-add-this-te.aspx

I took a look and I also didn't like what I saw.

should be good for at least a +10 in the ole CAPS.

dexion10 (27.27) Submitted: 8/12/2008 12:25:30 PM : Start Price: $31.49 PRSP Score: -23.43

I'm very excited to add this texas bank PRSP to my list of regional bank shorts. I found this because the insiders just sold 3.3M in stock.

Before I tear this bank to shreads let me give you a key fact. This is a $1.5B market cap bank. Remember that as we review the size enormous size of their:

Goodwill - $800M
Multiple to tangible book = 4.5x
Construction Loans $600M (360M in land)

vs.

Market cap of 1.5B

This bank trades at 4.3x tangible book value at a time when most banks are lucky to trade at 2x to 2.5x

PRSP has $830M in goodwill (likely related to overpaying for previous acquisitions)

Further the bank has over 600M in construction loans. They have nearly $360M loaned out on land deals of one form or another. Remember this is only a $1.5B bank

At June 30, 2008, construction loans totaled $658.669 million, consisting of approximately $225 million of single family residence construction; $130 million of land development; $135 million of raw land; $100 million of lot loans; and $69 million of commercial construction and other construction loans.

trendsJohn (< 20) Submitted: 6/14/2008 3:23:02 PM : Start Price: $25.93 PRSP Score: +55.84

multiple bullish technical signals 91.3 (contrary)