Heritage Oaks (NASDAQ:HEOP) is a local bank that operates in the central coast of California. The company has 12 branches and employs 250 employees. The bank has posted strong results in the last 5 years and its market value increased greatly; however, the share price has been trailing the market because the bank issued a lot of new shares during the great recession, which caused a dilution. Now that the bank is in a much better shape than it was during the recession (and ready to pay-off its TARP bill), the bank should outperform greatly.
As I mentioned before, all of the bank's branches are located in the central coast of California. While the bank has a strong...
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