UJB Financial Corp. raised $60.8 million through a recent common stock offering, providing a war chest for acquisitions.

While Wall Street generally applauds banks that bolster capital, some analysts are concerned about earnings-per-share dilution from the sale and want the Princeton, N.J., company to concentrate on earnings.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.