Prosperity Bancshares Beats Q4 Expectations and 3 Hot Stocks Attracting Investor Attention

Western Alliance Bank Corporation (NYSE:WAL): Current Price $12.03

Western Alliance Bank Corporation (NYSE:WAL) reports fourth quarter EPS of $0.22 which is in line with consensus. Net interest margin 4.55% compared to 4.51% in the year ago period. Total loans are $5.71 billion and higher by $929 million year-on-year. Non-performing assets are 2.4% of total assets compared to 2.6% in the year ago period. Tier 1 leveraged capital is 10.1% compared to 9.8% a year ago.

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Prosperity Bancshares (NYSE:PB): Current Price $44.70

Prosperity Bancshares (NYSE:PB) reports fourth quarter EPS of $0.85 which is ahead of expectations by $0.01. Net income was $48.266 million compared to $36.406 million in the same quarter in 2011. Annualised return on average common equity was 9.28%. Net interest margin fell 3.53% from 3.82% in the same quarter last year. Loans were up to 37.6% to $5.180 billion. Deposits grew 44.4% to $11.642 billion. Non-performing assets were 0.10% of quarterly average earning assets as at December 31, 2012.

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QLogic (NASDAQ:QLGC): Current Price $12.35

Network infrastructure solutions provider QLogic (NASDAQ:QLGC) announced third-quarter revenue of $119.4 million and EPS of $0.2, beating estimates of $117.5 billion and $0.18, respectively, as well as the company’s own guidance. Revenue at the Host Products division fell to $89.8 million compared to $111.8 million in the year ago quarter. The Network Products division achieved revenue of $20.1 million compared to $18.5 million in the period last year. Silicon Products revenue was $9.6 million versus $12.4 million. Said Simon Biddiscombe, President and Chief Executive Officer, QLogic: “We are seeing stabilization in our business and I believe our investments in innovative technologies for new market opportunities position us well to deliver future growth.”

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Trina Solar Ltd (NYSE:TSL): Current Price $5.10

Trina Solar Ltd (NYSE:TSLplans to move into building solar power plants using its own modules, but is also open to acquire project developers. According to President Ben Hill, “Trina is always open and interested in opportunities. If there is anything that is advantageous to Trina, then we’d action that.” Rival First Solar Inc (NASDAQ:FSLR) has already moved into solar project development in a big way.

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