Profit Fan

Prosperity Bancshares Sure Does Look Tempting

Shares of Prosperity Bancshares (NYSE:PB) have enjoyed a very fast rise over the past two months but even so, a faster growing tangible book value means that the shares are actually being valued for less than usual when compared to their ten-year average. The bank is still trading at a rather large premium when compared to most other regional banks but then again, it's hard to argue that the company's recent growth spurt is worth any less.

The Bank

Prosperity, founded in 1983, is a Houston based financial holding company that has a market cap of $3.58 billion and last reported assets of $16.27 billion and deposits of $12.5 billion. The company was founded for an acquisition and...

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