With not a lot else going on, September is a popular
month for sell-side conferences and company investor/analyst days.
Although these are great opportunities to learn more about companies you
care about, it does tend to lead to a bit of a backlog if you follow a
relatively longer list. Even so, OceanFirst Financial’s (OCFC) first-ever investor day
hit a lot of the important notes on how and why I believe this New
Jersey-based community bank is well on its way to above-average growth
in the coming years.
The only modeling changes
post-event are mostly minor and don’t move my fair value estimates
meaningfully. I continue to believe that OceanFirst is undervalued and
priced to generate a double-digit annualized return for several years to
come.
Read more here:
OceanFirst On A Solid Footing For Future Growth
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