OceanFirst Financial Corp. Company Profile (NASDAQ:OCFC)

About OceanFirst Financial Corp.

OceanFirst Financial Corp. logoOceanFirst Financial Corp. is a holding company for OceanFirst Bank (the Bank). The Company is a savings and loan holding company. The Bank's principal business is attracting retail and business deposits in the communities surrounding its branch offices and investing those deposits primarily in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate and other commercial loans. The Bank also invests in other types of loans, including residential construction and consumer loans. In addition, the Bank invests in mortgage-backed securities (MBS), securities issued by the United States Government and agencies thereof, corporate securities and other investments permitted by applicable law and regulations. The Bank's revenues are derived principally from interest on its loans, interest on its investment and MBS. The Bank also receives income from fees and service charges on loan and deposit products, wealth management services and others.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Savings & Loans
  • Sub-Industry: Thrifts & Mortgage Finance
  • Exchange: NASDAQ
  • Symbol: OCFC
  • CUSIP: 67523410
Key Metrics:
  • Previous Close: $19.37
  • 50 Day Moving Average: $19.38
  • 200 Day Moving Average: $18.47
  • 52-Week Range: $22,478,000.00 - $15.98
  • Trailing P/E Ratio: 20.28
  • Foreward P/E Ratio: 11.60
  • P/E Growth: 1.65
  • Market Cap: $435.40M
  • Outstanding Shares: 22,478,000
  • Beta: 0.62
Profitability:
  • Net Margins: 15.10%
  • Return on Equity: 8.97%
  • Return on Assets: 0.86%
Debt:
  • Debt-to-Equity Ratio: 0.84%
  • Current Ratio: 0.98%
  • Quick Ratio: 0.98%
Additional Links:
Companies Related to OceanFirst Financial Corp.:

Analyst Ratings

Consensus Ratings for OceanFirst Financial Corp. (NASDAQ:OCFC) (?)
Ratings Breakdown: 3 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $22.50 (16.16% upside)

Analysts' Ratings History for OceanFirst Financial Corp. (NASDAQ:OCFC)
Show:
DateFirmActionRatingPrice TargetDetails
4/25/2016Piper Jaffray Cos.Reiterated RatingBuy$22.00View Rating Details
1/8/2016Keefe, Bruyette & WoodsReiterated RatingBuyView Rating Details
11/10/2015FIG PartnersReiterated RatingOutperformView Rating Details
(Data available from 9/25/2014 forward)

Earnings

Earnings History for OceanFirst Financial Corp. (NASDAQ:OCFC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/20/2016        
7/28/2016Q2$0.06$0.16$28.15 millionViewN/AView Earnings Details
4/21/2016Q1$0.33$0.25$20.67 millionViewN/AView Earnings Details
1/21/2016Q4$0.33$0.31ViewListenView Earnings Details
10/22/2015Q3$0.29$0.28ViewListenView Earnings Details
7/23/2015Q2$0.32$0.31ViewListenView Earnings Details
4/23/2015Q115$0.30$0.32$21.20 millionViewN/AView Earnings Details
1/22/2015Q414$0.37$0.30$18.30 millionViewN/AView Earnings Details
10/23/2014Q313$0.31$0.31$18.70 millionViewN/AView Earnings Details
7/24/2014$0.29$0.30ViewN/AView Earnings Details
1/23/2014Q4 13$0.25$0.11ViewN/AView Earnings Details
10/17/2013Q213$0.29$0.29ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for OceanFirst Financial Corp. (NASDAQ:OCFC)
Current Year EPS Consensus Estimate: $1.18 EPS
Next Year EPS Consensus Estimate: $1.67 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.32$0.32$0.32
Q2 20161$0.34$0.34$0.34
Q3 20161$0.38$0.38$0.38
Q4 20161$0.37$0.37$0.37
Q1 20171$0.37$0.37$0.37
Q2 20171$0.41$0.41$0.41
Q3 20171$0.43$0.43$0.43
Q4 20171$0.45$0.45$0.45
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for OceanFirst Financial Corp. (NASDAQ:OCFC)
Annual Dividend:$0.52
Dividend Yield:2.68%
Payout Ratio:52.00% (Based on Trailing 12 Months of Earnings)
44.07% (Based on Current Year Consensus EPS Estimate)
31.14% (Based on Next Year Consensus EPS Estimate)

Dividend History for OceanFirst Financial Corp. (NASDAQ:OCFC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/28/2016quarterly$0.132.76%8/4/20168/8/20168/19/2016
4/26/2016quarterly$0.132.8%5/5/20165/9/20165/20/2016
1/21/2016quarterly$0.132.92%1/28/20162/1/20162/12/2016
10/22/2015quarterly$0.132.74%10/29/201511/2/201511/13/2015
7/23/2015$0.137/30/20158/3/20158/14/2015
4/23/2015quarterly$0.133%4/30/20155/4/20155/15/2015
1/22/2015quarterly$0.133.14%1/29/20152/2/20152/13/2015
10/23/2014quarterly$0.133.3%10/30/201411/3/201411/14/2014
7/24/2014quarterly$0.123.01%7/31/20148/4/20148/15/2014
4/24/2014quarterly$0.122.88%5/1/20145/5/20145/16/2014
1/24/2014quarterly$0.122.65%1/30/20142/3/20142/14/2014
1/23/2014$0.121/30/20142/3/20142/14/2014
10/17/2013quarterly$0.122.67%10/24/201310/28/201311/8/2013
7/19/2013quarterly$0.122.8%7/25/20137/29/20138/9/2013
4/18/2013quarterly$0.123.47%4/25/20134/29/20135/10/2013
1/25/2013quarterly$0.123.63%1/31/20132/4/20132/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for OceanFirst Financial Corp. (NASDAQ:OCFC)
Insider Ownership Percentage: 11.10%
Institutional Ownership Percentage: 60.77%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/25/2016John R GarbarinoChairmanSell160,220$19.25$3,084,235.00View SEC Filing  
8/9/2016John R GarbarinoChairmanSell10,000$18.84$188,400.00View SEC Filing  
12/2/2014Christopher MaherCOOBuy2,000$16.09$32,180.00View SEC Filing  
11/24/2014Donald E MclaughlinDirectorSell3,000$16.50$49,500.00View SEC Filing  
7/30/2014Christopher MaherCOOBuy10,000$16.16$161,600.00View SEC Filing  
6/10/2014Joseph Lebel IIIEVPBuy1,812$16.56$30,006.72View SEC Filing  
11/12/2013Christopher MaherCOOBuy1,000$17.75$17,750.00View SEC Filing  
10/30/2013Christopher MaherCOOBuy1,000$18.00$18,000.00View SEC Filing  
8/26/2013Joseph IantoscaCAOSell1,325$17.23$22,829.75View SEC Filing  
8/16/2013Christopher MaherCOOBuy1,000$16.81$16,810.00View SEC Filing  
8/13/2013Donald MclaughlinDirectorSell3,000$17.01$51,030.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for OceanFirst Financial Corp. (NASDAQ:OCFC)
DateHeadline
News IconFast-growing South Jersey bank raises $35M (NASDAQ:OCFC)
www.bignewsnetwork.com - September 23 at 11:13 AM
biz.yahoo.com logoOCEANFIRST FINANCIAL CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financ (NASDAQ:OCFC)
biz.yahoo.com - September 21 at 6:10 PM
News IconMartha Stokes: Spatial Pattern Recognition Skills Are An Essential Trading Skill Set ANSWERS INDEPTH EXPLANATIONS (NASDAQ:OCFC)
stockcharts.com - September 17 at 10:57 AM
publicnow.com logoOceanFirst Financial Corp. Announces Pricing of $35 Million of 5.125% Subordinated Notes (NASDAQ:OCFC)
www.publicnow.com - September 16 at 6:19 PM
tmcnet.com logoKroll Bond Rating Agency Rates OceanFirst Financial Corp. (NASDAQ:OCFC)
www.tmcnet.com - September 15 at 6:36 PM
News IconMartha Stokes: Spatial Pattern Recognition Skills Are An Essential Trading Skill Set ANSWERS (NASDAQ:OCFC)
stockcharts.com - September 10 at 10:48 AM
prnewswire.com logoIPOs and Transactions: Aug 22 – 26 / plus merger technology whitepaper (NASDAQ:OCFC)
irblog.prnewswire.com - August 29 at 11:03 AM
News IconStamford bank CEO resigns with no replacement in place (NASDAQ:OCFC)
www.stamfordadvocate.com - August 26 at 9:36 AM
finance.yahoo.com logoOCEANFIRST FINANCIAL CORP Financials (NASDAQ:OCFC)
finance.yahoo.com - August 18 at 6:44 PM
News IconChairman of OceanFirst Financial Corp (NASDAQ:OCFC), Garbarino John R, sells 10,000 shares worth $188,400 (NASDAQ:OCFC)
empowerednews.net - August 11 at 7:05 PM
biz.yahoo.com logoOCEANFIRST FINANCIAL CORP Files SEC form 8-K, Change in Directors or Principal Officers (NASDAQ:OCFC)
biz.yahoo.com - August 2 at 11:30 AM
biz.yahoo.com logoOCEANFIRST FINANCIAL CORP Files SEC form 8-K, Regulation FD Disclosure, Other Events, Financial Statements and Exhibi (NASDAQ:OCFC)
biz.yahoo.com - August 1 at 6:20 PM
publicnow.com logoOceanFirst Financial Corp. to Present at Keefe Bruyette & Woods Community Bank Investor Conference (NASDAQ:OCFC)
www.publicnow.com - August 1 at 9:31 AM
finance.yahoo.com logoEdited Transcript of OCFC earnings conference call or presentation 29-Jul-16 3:00pm GMT (NASDAQ:OCFC)
finance.yahoo.com - July 29 at 10:33 PM
seekingalpha.com logoOceanFirst Financial's (OCFC) CEO Christopher Maher on Q2 2016 Results - Earnings Call Transcript (NASDAQ:OCFC)
seekingalpha.com - July 29 at 6:45 PM
biz.yahoo.com logoOCEANFIRST FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Other Events, Financial (NASDAQ:OCFC)
biz.yahoo.com - July 29 at 10:55 AM
4-traders.com logoOceanFirst Financial : posts 2Q profit (NASDAQ:OCFC)
www.4-traders.com - July 29 at 9:39 AM
sg.finance.yahoo.com logoOceanFirst posts 2Q profit (NASDAQ:OCFC)
sg.finance.yahoo.com - July 29 at 6:36 AM
publicnow.com logoOceanFirst Financial Corp. Announces Second Quarter Financial Results (NASDAQ:OCFC)
www.publicnow.com - July 28 at 5:08 PM
biz.yahoo.com logoQ2 2016 OceanFirst Financial Corp Earnings Release - After Market Close (NASDAQ:OCFC)
biz.yahoo.com - July 28 at 7:07 AM
prnewswire.com logoThe Law Offices of Vincent Wong (NASDAQ:OCFC)
www.prnewswire.com - July 20 at 7:23 PM
finance.yahoo.com logoShareholder Alert: The Law Offices of Vincent Wong Launches an Investigation of the Board of Directors of Ocean Shore Holding Co. Regarding the Sale of the Company to Oceanfirst Financial Corp. - OSHC (NASDAQ:OCFC)
finance.yahoo.com - July 20 at 4:09 PM
finance.yahoo.com logoINVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation Regarding Whether the Sale of Ocean Shore Holding Co. to Oceanfirst Financial Corp. is Fair to Shareholders (NASDAQ:OCFC)
finance.yahoo.com - July 19 at 4:14 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Whether the Sale of Ocean Shore Holding Co. to Oceanfirst Financial Corp. is Fair to Shareholders - OSHC (NASDAQ:OCFC)
finance.yahoo.com - July 18 at 1:00 PM
biz.yahoo.com logoOCEANFIRST FINANCIAL CORP Files SEC form 8-K/A, Financial Statements and Exhibits (NASDAQ:OCFC)
biz.yahoo.com - July 15 at 4:07 PM
rttnews.com logoOcean Shore Holding (OSHC) Vaulted To A New High After Merger Agreement (NASDAQ:OCFC)
www.rttnews.com - July 14 at 6:52 PM
finance.yahoo.com logoOCEAN SHORE HOLDING INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC … (NASDAQ:OCFC)
finance.yahoo.com - July 14 at 6:52 PM
biz.yahoo.com logoOCEANFIRST FINANCIAL CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Other Events, Financial Sta (NASDAQ:OCFC)
biz.yahoo.com - July 14 at 5:04 PM
finance.yahoo.com logoOCEAN SHORE HOLDING INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Ocean Shore Holding Co. (NASDAQ:OCFC)
finance.yahoo.com - July 14 at 3:08 PM
tmcnet.com logoOCEAN SHORE HOLDING CO. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout (NASDAQ:OCFC)
www.tmcnet.com - July 13 at 6:57 PM
rttnews.com logoOcean Shore Holding (OSHC) Has Soared To A New High After Merger (NASDAQ:OCFC)
www.rttnews.com - July 13 at 6:57 PM
bizjournals.com logoToms River bank agrees to buy 2nd South Jersey competitor this year (NASDAQ:OCFC)
www.bizjournals.com - July 13 at 6:57 PM
streetinsider.com logoOceanfirst Financial (OCFC) to Acquire Ocean Shore Holding (OSHC) in ~$145.6M Deal (NASDAQ:OCFC)
www.streetinsider.com - July 13 at 6:57 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Levi & Korsinsky, LLP Has Commenced an Investigation Into Whether the Sale of Ocean Shore Holding Co. to Oceanfirst Financial Corp. is Fair to Shareholders - OSHC (NASDAQ:OCFC)
finance.yahoo.com - July 13 at 11:45 AM
publicnow.com logoOceanFirst Financial Corp. Announces Agreement to Acquire Ocean Shore Holding Co.; OceanFirst To Strengthen Franchise and Become Fourth Largest New Jersey Based Banking Institution by Deposit Market Share (NASDAQ:OCFC)
www.publicnow.com - July 13 at 8:33 AM
capitalcube.com logoOceanFirst Financial Corp. breached its 50 day moving average in a Bullish Manner : OCFC-US : July 11, 2016 (NASDAQ:OCFC)
www.capitalcube.com - July 11 at 9:39 AM
capitalcube.com logoOceanFirst Financial Corp. :OCFC-US: Earnings Analysis: Q1, 2016 By the Numbers : June 28, 2016 (NASDAQ:OCFC)
www.capitalcube.com - June 28 at 1:29 PM
capitalcube.com logoOceanFirst Financial Corp. breached its 50 day moving average in a Bearish Manner : OCFC-US : June 28, 2016 (NASDAQ:OCFC)
www.capitalcube.com - June 28 at 9:20 AM
biz.yahoo.com logoOCEANFIRST FINANCIAL CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NASDAQ:OCFC)
biz.yahoo.com - June 23 at 6:03 AM
biz.yahoo.com logoOCEANFIRST FINANCIAL CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exh (NASDAQ:OCFC)
biz.yahoo.com - June 21 at 3:09 PM
finance.yahoo.com logoOceanFirst Financial Corp. Announces Appointment of Steven J. Tsimbinos to Executive Vice President (NASDAQ:OCFC)
finance.yahoo.com - June 21 at 10:45 AM
publicnow.com logoOceanFirst Financial Corp. Announces Plans to Transition Chairman of the Board of Directors (NASDAQ:OCFC)
www.publicnow.com - June 2 at 1:15 PM
capitalcube.com logoOceanFirst Financial Corp. breached its 50 day moving average in a Bullish Manner : OCFC-US : May 25, 2016 (NASDAQ:OCFC)
www.capitalcube.com - May 25 at 8:50 AM
News IconAnalyst Rating Check on OceanFirst Financial Corp. (NASDAQ:OCFC) - Wall Street Hints and News (NASDAQ:OCFC)
hintsnewsnetwork.com - May 21 at 12:37 PM
News IconConsensus Rating Review for OceanFirst Financial Corp. (NASDAQ:OCFC) - Wall Street Hints and News (NASDAQ:OCFC)
hintsnewsnetwork.com - May 14 at 6:59 AM
News IconNext Weeks Broker Price Targets For OceanFirst Financial Corp. (NASDAQ:OCFC) - Share Trading News (NASDAQ:OCFC)
www.sharetrading.news - May 9 at 6:59 AM
equities.com logoOceanFirst Financial Corp (OCFC) is Trading Lower on Unusual Volume for May 05 - Equities.com (NASDAQ:OCFC)
www.equities.com - May 7 at 6:48 AM
News IconAverage Analyst Rating for OceanFirst Financial Corp. (NASDAQ:OCFC) - B.O.D.Y Confidential (NASDAQ:OCFC)
www.bodyconfidential.com - May 6 at 7:09 AM
equities.com logoOceanFirst Financial Corp (OCFC) is Trading Lower on Unusual Volume for May 02 - Equities.com (NASDAQ:OCFC)
www.equities.com - May 4 at 6:08 AM
globenewswire.com logoOceanFirst Financial Corp. Completes Acquisition of Cape Bancorp, Inc. - GlobeNewswire (press release) (NASDAQ:OCFC)
globenewswire.com - May 3 at 6:47 AM

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OceanFirst Financial Corp. (NASDAQ:OCFC) Chart for Sunday, September, 25, 2016


Last Updated on 9/25/2016 by MarketBeat.com Staff