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Profile - Prosperity Bancshares (NasdaqNM:PRSP)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Financials | Reports
Recent Events
Aug 16Price hit new 52-week high ($27.87)
Location
4295 San Felipe
Houston, TX 77027
Phone: (713) 693-9300
Fax: (713) 993-0765
Email: contactus@prosperitybanktx.com
Employees (last reported count): 193
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Regional Banks
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 28%
·Over the last 6 months:
 · 5 insider sells; 82.0K shares
  (3.4% of insider shares)
·Institutional: 28% (39% of float)
(56 institutions)
·Net Inst. Buying: 334.0K shares (+12.73%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Prosperity Bancshares, Inc. (Prosperity) is a $1.1 billion bank holding company headquartered in Houston, Texas. Operating under a community banking philosophy, Prosperity seeks to develop broad customer relationships based on service and convenience. The Company offers a variety of traditional loan and deposit products to its customers, consisting primarily of consumers and small and medium sized businesses. In addition to established banking products, Prosperity offers a complete line of services including Internet Banking services, Trust Services, MasterMoney Debit Cards, and 24-hour voice response banking. The bank currently operates 29 full-service banking locations in 13 contiguous counties including the Greater Houston Metropolitan Area.
More from Market Guide: Expanded Business Description

Financial Summary
Prosperity Bancshares is a bank holding company for First Prosperity Bank, with 29 banking locations in the greater Houston metropolitan area and surrounding counties. For the six months ended 6/30/01, total interest income rose 14% to $38.5 million. Net interest income after loan loss prov. rose 13% to $19 million. Net income fell less than 1% to $5.2 million. Results reflect increased earning asset balances, offset by $2.4 million in costs related to the merger with Commercial.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Compensation
PayExer

Ned Holmes, 56
Chairman
--  --  
David Zalman, 44
Pres, CEO of the Company, and Chairman and CEO of the Bank
$305K$279K
David Hollaway, 45
CFO of the Company and Sr. VP and Chief Financial Officer of the
--  --  
H. Timanus, Jr., 56
COO, Exec. VP of the Company, and Pres & COO o
--  --  
Robert Steelhammer, 60
Treasurer, Director
--  --  
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:PRSPAs of 31-Aug-2001
Price and Volume
52-Week Low
on 8-Sep-2000
$16.125
Recent Price$26.30 
52-Week High
on 16-Aug-2001
$27.87 
Beta0.16 
Daily Volume (3-month avg)19.0K
Daily Volume (10-day avg)9,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y]
52-Week Change+60.0%
52-Week Change
relative to S&P500
+114.6%
Share-Related Items
Market Capitalization$212.9M
Shares Outstanding8.10M
Float5.80M
Dividends & Splits
Annual Dividend (indicated)$0.40 
Dividend Yield1.52%
Last Splitnone 
Per-Share Data
Book Value (mrq)$10.26 
Earnings (ttm)$1.39 
Earnings (mrq)$0.43 
Sales (ttm)$8.84 
Cash (mrq)$3.42 
Valuation Ratios
Price/Book (mrq)2.56 
Price/Earnings (ttm)18.98 
Price/Sales (ttm)2.98 
Income Statements
Sales (ttm)$60.4M
EBITDAN/A 
Income available to common (ttm)$9.31M
Profitability
Profit Margin (ttm)15.4%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)0.90%
Return on Equity (ttm)12.75%
Financial Strength
Current RatioN/A 
Long-Term Debt/Equity (mrq)0 
Total Cash (mrq)$27.7M
Short Interest
As of 8-Aug-2001
Shares Short29.0K
Percent of Float0.5%
Shares Short
(Prior Month)
37.0K
Short Ratio1.16 
Daily Volume25.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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