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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