2024-05-04 10:08:53 ET
Summary
- Our strategy is to invest in banks trading below tangible book value with overcapitalized balance sheets, solid asset quality, and shareholder-friendly management teams.
- We recap the earnings season and highlight a few interesting ideas, including PDLB and NBBK.
- After revisiting our investment thesis, we are maintaining a strong buy rating for NECB.
- We believe NECB leadership will continue to follow the proven, shareholder-friendly "thrift game plan" which includes conservative organic growth, dividends, prudent buybacks, and ultimately a sale.
Background
Welcome back to the sixth edition of Bank Buzz, where we cover the community bank sector, with a specific focus on mutual conversions, our favorite niche....
Read the full article on Seeking Alpha
For further details see:
Bank Buzz: Northeast Community Is Executing The 'Thrift Game Plan' Perfectly