Ong Kang Wei
Dividend growth investing, growth at reasonable price, long-term horizon

Bank Of New Jersey: A Thriving Community Bank With 30% Upside

The Bancorp of New Jersey (NYSEMKT:BKJ) is the holding company for a small bank headquartered in Fort Lee, Bergen County, which is at the northern tip of New Jersey. Although the bank was newly founded in 2006, it quickly turned a profit in the third month of operation, and went public two years after in 2008. In this article, I will review this tiny regional bank, with merely $600M in assets, and highlight the factors and the figures that make the company an attractive buy for the future.

The Business

The Bancorp of New Jersey provides commercial banking services to individuals, businesses, non-profit organizations, and governmental units, mainly in New Jersey. Like the conventional bank, it allows...

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