Jacob Steinberg
Long only, deep value, growth at reasonable price, carmakers

Can Newbridge Bancorp Double?

Newbridge Bancorp (NASDAQ:NBBC) is a regional bank headquartered and operating in North Carolina. The bank offers traditional banking services to consumers, professionals, small and medium size business establishments in its 37 locations. In 2006, the company was trading for $18 per share whereas it currently trades for $6 per share as the bank is still trying to recover from the Great Recession which hurt the economy so badly a few years ago. While things have been improving in the last couple years for Newbridge, there is still a lot of road to travel and a lot of work to do.

(click to enlarge)

Last year, the company attempted to reduce the amount of non-performing assets and conducted a...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details