OceanFirst Financial: 7% Yield Still Attractive Despite Call Risk
OCFCOceanFirst Financial (OCFC) Seeking Alpha·2024-09-10 22:30
Neosiam/iStock via Getty Images Introduction As it has been six months since my last article on OceanFirst Financial (NASDAQ:OCFC) was published, I figured this was a good moment to have another look at the preferred shares which are trading with (NASDAQ:OCFCP) as ticker symbol as another two quarters have passed. The smaller balance sheet and substantially higher CET1 ratio makes the bank (and its preferred shares) safer and although the earnings are relatively weak, I expect the net interest margin to ...