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Last $17.59 USD
Change Today +0.06 / 0.34%
Volume 1.9K
OCFC On Other Exchanges
Symbol
Exchange
Stuttgart
As of 12:00 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

oceanfirst financial corp (OCFC) Key Developments

OceanFirst Financial Corp. Declares Dividend for the Second Quarter of 2015, Payable on August 14, 2015

The board of OceanFirst Financial Corp. declared the company's 74th consecutive quarterly cash dividend of $0.13 per share. The dividend payable on August 14, 2015 to the stockholders of record at the close of business on August 3, 2015.

OceanFirst Financial Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Charge-offs for the Second Quarter Ended June 30, 2015

OceanFirst Financial Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported income before provision for income taxes was $7,912,000, net income of $5,133,000 or $0.31 basic and diluted per share on net interest income of $18,433,000 against income before provision for income taxes was $7,884,000, net income of $5,117,000 or $0.30 diluted per share on net interest income of $18,159,000 for the same period a year ago. Return on average assets was 0.86% against 0.90% for the same period a year ago. Return on average stockholders' equity was 9.29% against 9.45% for the same period a year ago. The increases in diluted earnings per share over the previous year periods were primarily due to lower operating expenses, higher net interest income and a reduction in average shares outstanding, partly offset by a reduction in other income. For the six months, the company reported income before provision for income taxes was $15,918,000, net income of $10,395,000 or $0.63 basic and diluted per share on net interest income of $36,566,000 against income before provision for income taxes was $15,154,000, net income of $9,824,000 or $0.58 basic and diluted per share on net interest income of $36,224,000 for the same period a year ago. Return on average assets was 0.88% against 0.86% for the same period a year ago. Return on average stockholders' equity was 9.43% against 9.09% for the same period a year ago. Diluted earnings per share were impacted by $0.01 due to non-recurring merger related costs relating to the acquisition of Colonial American Bank which is expected to close on July 31, 2015. Excluding these merger costs, diluted earnings per share for the six months ended June 30, 2015 increased 10.3%, as compared to the same prior year period. Net interest income increased due to an increase in interest-earning assets, partly offset by a lower net interest margin. For the second quarter of 2015, the company reported net charge-offs was $185,000.

OceanFirst Financial Corp. to Report Q2, 2015 Results on Jul 23, 2015

OceanFirst Financial Corp. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 23, 2015

OceanFirst Financial Corp., Q2 2015 Earnings Call, Jul 24, 2015

OceanFirst Financial Corp., Q2 2015 Earnings Call, Jul 24, 2015

OceanFirst Financial Corp. Presents at Keefe Bruyette & Woods Sixteenth Annual Community Bank Investor Conference, Jul-28-2015 03:00 PM

OceanFirst Financial Corp. Presents at Keefe Bruyette & Woods Sixteenth Annual Community Bank Investor Conference, Jul-28-2015 03:00 PM. Venue: Grand Central Grand Hyatt, New York, New York, United States. Speakers: Christopher D. Maher, Chief Executive Officer, President, Director, President of Oceanfirst Bank and Director of Oceanfirst Bank.

 

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Industry Analysis

OCFC

Industry Average

Valuation OCFC Industry Range
Price/Earnings 14.2x
Price/Sales 3.3x
Price/Book 1.3x
Price/Cash Flow 14.3x
TEV/Sales NM Not Meaningful
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