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
Industry Federal savings institutions
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
SymbolNASDAQ:OCFC
CUSIP67523410
Phone732-240-4500
Debt
Debt-to-Equity Ratio0.45
Current Ratio0.93
Quick Ratio0.93
Price-To-Earnings
Trailing P/E Ratio18.06
Forward P/E Ratio15.16
P/E Growth1.53
Sales & Book Value
Annual Sales$215.90 million
Price / Sales6.80
Cash Flow$1.8597 per share
Price / Cash16.39
Book Value$18.47 per share
Price / Book1.65
Profitability
EPS (Most Recent Fiscal Year)$1.70
Net Income$42.47 million
Net Margins15.23%
Return on Equity9.04%
Return on Assets1.07%
Miscellaneous
EmployeesN/A
Outstanding Shares48,140,000
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 Friday, April 27th. Shareholders of record on Monday, May 7th will be paid a dividend of $0.15 per share on Friday, May 18th. This represents a $0.60 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Friday, May 4th. View OceanFirst Financial's Dividend History.
How will OceanFirst Financial's stock buyback program work?
OceanFirst Financial declared that its Board of Directors has authorized a share repurchase program on Sunday, June 4th 2017, which allows the company to buyback 1,600,000 shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.
How were OceanFirst Financial's earnings last quarter?
OceanFirst Financial Corp. (NASDAQ:OCFC) issued its earnings results on Thursday, April, 26th. The savings and loans company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.07. The savings and loans company had revenue of $64.62 million for the quarter, compared to analysts' expectations of $58.24 million. OceanFirst Financial had a net margin of 15.23% and a return on equity of 9.04%. View OceanFirst Financial's Earnings History.
When is OceanFirst Financial's next earnings date?
What price target have analysts set for OCFC?
5 brokers have issued 12-month price objectives for OceanFirst Financial's stock. Their forecasts range from $29.00 to $37.00. On average, they anticipate OceanFirst Financial's share price to reach $33.20 in the next year. 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), BankUnited (BKU), TFS Financial (TFSL), BofI (BOFI), Flagstar Bancorp (FBC), LegacyTexas Financial Group (LTXB), Provident Financial Services (PFS), Capitol Federal Financial (CFFN), Brookline Bancorp (BRKL), Kearny Financial (KRNY), Meta Financial Group (CASH), BBX Capital Corp Class B (BBXTB), Northfield Bancorp (NFBK), Dime Community Bancshares (DCOM) and Sterling Bancorp (SBT).
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)
Has OceanFirst Financial been receiving favorable news coverage?
News stories about OCFC stock have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. OceanFirst Financial earned a news impact score of 0.05 on Accern's scale. They also gave news headlines about the savings and loans company an impact score of 45.64 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
Who are OceanFirst Financial's major shareholders?
OceanFirst Financial's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.71%), Dimensional Fund Advisors LP (4.65%), Mendon Capital Advisors Corp (2.26%), Victory Capital Management Inc. (2.14%), OppenheimerFunds Inc. (1.69%) and Northern Trust Corp (1.58%). 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, 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 Keeley Teton Advisors LLC, Wedge Capital Management L L P NC, Loomis Sayles & Co. L P, Mariner LLC, Alpine Woods Capital Investors LLC, Thomson Horstmann & Bryant Inc., OppenheimerFunds Inc. and JPMorgan Chase & Co.. 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.
Which major investors are buying OceanFirst Financial stock?
OCFC stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Dimensional Fund Advisors LP, BlackRock Inc., RMB Capital Management LLC, Mendon Capital Advisors Corp, Maltese Capital Management LLC, EJF Capital LLC and M&T Bank Corp. 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 $30.67.
How big of a company is OceanFirst Financial?
OceanFirst Financial has a market capitalization of $1.48 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.
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 (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.
