OceanFirst Financial Corp., Inc. (NASDAQ:OCFC)
A holding company for OceanFirst Bank, which provides a range of community banking services to customers through a network of branches in Ocean, Monmouth and Middlesex counties in New Jersey.
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A local bank with a pretty decent balance sheet, good P/E ratio and decent dividend yield. The company's EPS was off by 50% this quarter, yet that seems to all come from buying back preferred shares issued to the fed under TARP. In my opinion, these one time losses are causing the market to undervalue the company.
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In anticipation of the eventual rebound of the financial sector. A little early for bottom feeding, but I am just indiscriminately putting all stocks that are tagged S&L.
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great local bank
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