NECB - Bank Buzz: Northeast Community Bancorp Offers An Attractive Valuation And Upside
2024-02-11 04:37:08 ET
Summary
- Our strategy is to invest in banks trading below TBV with overcapitalized balance sheets, solid asset quality, and shareholder-friendly management teams.
- We highlight a few potential ideas, including NECB and HONE.
- NECB trades at 84% of tangible book value and offers a potential 50% return over the next 16-18 months.
Background
Welcome back to the fourth edition of Bank Buzz, where we cover the community bank sector, with a specific focus on mutual conversions, our favorite niche within a niche....
Bank Buzz: Northeast Community Bancorp Offers An Attractive Valuation And Upside