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Last $18.45 USD
Change Today -0.31 / -1.65%
Volume 30.4K
OCFC On Other Exchanges
Symbol
Exchange
NASDAQ GS
Stuttgart
As of 8:10 PM 06/29/15 All times are local (Market data is delayed by at least 15 minutes).

oceanfirst financial corp (OCFC) Key Developments

OceanFirst Financial Corp. Appoints Margaret Lanning as Chief Credit Officer; Plans to Open Additional Branch in New Jersey

OceanFirst Financial Corp. announced the hiring of Margaret Lanning as chief credit officer, during the company conference call April 24. Lanning was most recently the senior vice president and senior regional credit officer for the northeast region of Wells Fargo & Co. In addition, President and CEO Christopher Maher announced the establishment of a new loan production office in Mercer County, N.J., which opened in February, along with an additional branch in New Jersey, expected to open during the second quarter.

OceanFirst Financial Corp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Net Charge-Offs for the First Quarter Ended March 31, 2015

OceanFirst Financial Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest income of $20,169,000 against $19,745,000 a year ago. Net interest income was $18,133,000 against $18,065,000 a year ago. Income before provision for income taxes was $8,006,000 against $7,270,000 a year ago. Net income was $5,262,000 or $0.32 per basic and diluted share against $4,707,000 or $0.28 per basic and diluted share a year ago. The increase over the previous year period was primarily due to lower operating expenses, higher non-interest income, a reduction in the provision for loan losses and a reduction in average shares outstanding. Return on average assets was 0.89% against 0.83% a year ago. Return on average stockholder’s equity was 9.58% against 8.72% a year ago. For the quarter ended March 31, 2015. For the quarter, net charge-offs were $273,000 as compared to $526,000 in the corresponding prior year period.

Oceanfirst Financial Corp. Declares Dividend for the Quarter Ended March 31, 2015, Payable on May 15, 2015

OceanFirst Financial Corp. announced that the Board of Directors declared its seventy-third consecutive quarterly cash dividend on common stock. The dividend for the quarter ended March 31, 2015 of $0.13 per share, representing a 41% payout ratio, will be paid on May 15, 2015 to shareholders of record on May 4, 2015.

OceanFirst Financial Corp. to Report Q1, 2015 Results on Apr 23, 2015

OceanFirst Financial Corp. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Apr 23, 2015

OceanFirst Financial Corp., Q1 2015 Earnings Call, Apr 24, 2015

OceanFirst Financial Corp., Q1 2015 Earnings Call, Apr 24, 2015

 

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OCFC Competitors

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Company Last Change
Canandaigua National Corp $136.00 USD 0.00
Financial Institutions Inc $24.54 USD -0.96
First Connecticut Bancorp Inc/Farmington CT $15.95 USD -0.16
Suffolk Bancorp $25.68 USD 0.00
First of Long Island Corp/The $27.33 USD -0.74
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Industry Analysis

OCFC

Industry Average

Valuation OCFC Industry Range
Price/Earnings 15.3x
Price/Sales 3.5x
Price/Book 1.4x
Price/Cash Flow 15.3x
TEV/Sales NM Not Meaningful
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