Cape Bancorp (NASDAQ:CBNJ) trades at a significant discount to book value with positive industry and company specific fundamentals and a shareholder friendly management.
Cape Bancorp (founded in 1923) is the largest community bank in Atlantic and Cape May counties in Southern New Jersey with total assets of $1.03 billion and provides deposit and loan products to retail customers and small and mid-sized businesses through 15 full service branches and three market development offices.
CBNJ successfully expanded with the opening of a market development office in Burlington County, New Jersey in late 2010, in Mercer County, New Jersey in November 2012 and in Radnor, Pennsylvania in March 2013 to service the Philadelphia market.
CBNJ completed its acquisition...
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