Friday, February 8, 2019

OceanFirst Looking To A Better 2019

For what I otherwise believe to be a promising, well-run small bank, OceanFirst’s (OCFC) last two quarters haven’t been all that great. The company hasn’t been doing poorly, but rather “less well” than I’d hoped. Looking into 2019, though, the company should be past the bulk of acquisition-related loan run-offs, and will be actively building new commercial lending businesses in the metro Philadelphia and New York City areas. Add in some further efforts to reduce to costs, and I believe the basic logic of OceanFirst as a small-cap bank investment with above-average growth potential but also above-average quality is still intact.

Read the full article here:
OceanFirst Looking To A Better 2019

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