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.

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

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