OceanFirst Financial Corp. operates as the holding company for OceanFirst Bank N.A. that provides a range of community banking services. The company offers various deposit products to retail, government, and business customers, including money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits. It also provides commercial real estate, multi-family mortgage, and land loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; consumer loans, such as home equity loans and lines of credit, overdraft line of credit, loans on savings accounts, and other consumer loans; and commercial and industrial loans, and lines of credit. In addition, the company invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments. Further, it offers bankcard and wealth management services; and sells alternative investment products and life insurance products. The company operates through an administrative/branch office located in Toms River, New Jersey; and 45 additional branch offices and 3 deposit production facilities in central and southern New Jersey, as well as operates a wealth management office in Ocean County, and commercial loan production offices in the Philadelphia area and Atlantic, Cape May, and Mercer Counties in New Jersey. OceanFirst Financial Corp. was founded in 1902 and is based in Toms River, New Jersey.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Federal savings institutions
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
SymbolNASDAQ:OCFC
CUSIP67523410
Phone732-240-4500
Debt
Debt-to-Equity Ratio0.78
Current Ratio0.99
Quick Ratio0.99
Price-To-Earnings
Trailing P/E Ratio14.81
Forward P/E Ratio12.28
P/E Growth1.25
Sales & Book Value
Annual Sales$215.90 million
Price / Sales5.63
Cash Flow$1.8460 per share
Price / Cash13.64
Book Value$18.47 per share
Price / Book1.36
Profitability
EPS (Most Recent Fiscal Year)$1.70
Net Income$42.47 million
Net Margins16.84%
Return on Equity8.97%
Return on Assets1.11%
Miscellaneous
EmployeesN/A
Outstanding Shares48,310,000
Market Cap$1.24 billion
OceanFirst Financial (NASDAQ:OCFC) Frequently Asked Questions
What is OceanFirst Financial's stock symbol?
OceanFirst Financial trades on the NASDAQ under the ticker symbol "OCFC."
How often does OceanFirst Financial pay dividends? What is the dividend yield for OceanFirst Financial?
OceanFirst Financial announced a quarterly dividend on Thursday, July 26th. Investors of record on Monday, August 6th will be given a dividend of $0.15 per share on Friday, August 17th. This represents a $0.60 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Friday, August 3rd. This is a boost from OceanFirst Financial's previous quarterly dividend of $0.13. View OceanFirst Financial's Dividend History.
How will OceanFirst Financial's stock buyback program work?
OceanFirst Financial announced that its board has approved a share buyback plan on Sunday, June 4th 2017, which permits the company to repurchase 1,600,000 shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.
How were OceanFirst Financial's earnings last quarter?
OceanFirst Financial Corp. (NASDAQ:OCFC) issued its quarterly earnings data on Thursday, July, 26th. The savings and loans company reported $0.46 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.46. The savings and loans company earned $70.33 million during the quarter, compared to the consensus estimate of $72.43 million. OceanFirst Financial had a return on equity of 8.97% and a net margin of 16.84%. View OceanFirst Financial's Earnings History.
When is OceanFirst Financial's next earnings date?
What price target have analysts set for OCFC?
5 Wall Street analysts have issued twelve-month price objectives for OceanFirst Financial's stock. Their predictions range from $32.00 to $37.00. On average, they anticipate OceanFirst Financial's stock price to reach $34.00 in the next twelve months. This suggests a possible upside of 35.0% from the stock's current price. View Analyst Price Targets for OceanFirst Financial.
What is the consensus analysts' recommendation for OceanFirst Financial?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for OceanFirst Financial.
Who are some of OceanFirst Financial's key competitors?
Some companies that are related to OceanFirst Financial include Umpqua (UMPQ), TFS Financial (TFSL), BankUnited (BKU), BofI (BOFI), Axos Financial (AX), LegacyTexas Financial Group (LTXB), Columbia Financial (CLBK), Flagstar Bancorp (FBC), Capitol Federal Financial (CFFN), Provident Financial Services (PFS), Kearny Financial (KRNY), Brookline Bancorp (BRKL), Meta Financial Group (CASH), Northfield Bancorp (NFBK) and BBX Capital Corp Class B (BBXTB).
Who are OceanFirst Financial's key executives?
OceanFirst Financial's management team includes the folowing people:
- Mr. Christopher D. Maher, Chairman, Pres & CEO (Age 51)
- Mr. Michael J. Fitzpatrick, Exec. VP & CFO (Age 63)
- Mr. Steven J. Tsimbinos, Exec. VP, Gen. Counsel & Corp. Sec. (Age 48)
- Mr. Steven E. Brady, Director (Age 65)
- Mr. Joseph R. Iantosca, Exec. VP & Chief Admin. Officer of OceanFirst Bank (Age 58)
Who are OceanFirst Financial's major shareholders?
OceanFirst Financial's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Hennessy Advisors Inc. (0.65%) and Peregrine Capital Management LLC (0.49%). Company insiders that own OceanFirst Financial stock include Angelo Catania, Christopher Maher, Donald E Mclaughlin, John R Garbarino, Joseph J Burke, Joseph Lebel III, Joseph R Iantosca, Kimberly M Guadagno, Michael D Devlin and Steven E Brady. View Institutional Ownership Trends for OceanFirst Financial.
Which major investors are selling OceanFirst Financial stock?
OCFC stock was sold by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc. and Peregrine Capital Management LLC. Company insiders that have sold OceanFirst Financial company stock in the last year include Angelo Catania, Joseph J Burke, Joseph R Iantosca, Michael D Devlin and Steven E Brady. View Insider Buying and Selling for OceanFirst Financial.
How do I buy shares of OceanFirst Financial?
Shares of OCFC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is OceanFirst Financial's stock price today?
One share of OCFC stock can currently be purchased for approximately $25.18.
How big of a company is OceanFirst Financial?
OceanFirst Financial has a market capitalization of $1.24 billion and generates $215.90 million in revenue each year. The savings and loans company earns $42.47 million in net income (profit) each year or $1.70 on an earnings per share basis.
What is OceanFirst Financial's official website?
How can I contact OceanFirst Financial?
OceanFirst Financial's mailing address is 975 HOOPER AVE, TOMS RIVER NJ, 08723. The savings and loans company can be reached via phone at 732-240-4500 or via email at [email protected]
MarketBeat Community Rating for OceanFirst Financial (NASDAQ OCFC)
MarketBeat's community ratings are surveys of what our community members think about OceanFirst Financial and other stocks. Vote "Outperform" if you believe OCFC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OCFC will underperform the S&P 500 over the long term. You may vote once every thirty days.
