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Last $17.71 USD
Change Today -0.21 / -1.17%
Volume 42.3K
As of 8:10 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

oceanfirst financial corp (OCFC) Snapshot

Open
$17.66
Previous Close
$17.92
Day High
$18.09
Day Low
$17.66
52 Week High
08/17/15 - $19.13
52 Week Low
10/22/14 - $15.25
Market Cap
307.8M
Average Volume 10 Days
33.8K
EPS TTM
$1.25
Shares Outstanding
17.4M
EX-Date
07/30/15
P/E TM
14.2x
Dividend
$0.52
Dividend Yield
2.94%
Current Stock Chart for OCEANFIRST FINANCIAL CORP (OCFC)

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oceanfirst financial corp (OCFC) Details

OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank that provides a range of community banking services to retail, government, and business customers. The company’s deposit products include money market deposit accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits. Its loan portfolio comprises fixed-rate and adjustable-rate mortgage loans secured by one-to-four family residences, one-to-four family residential mortgage loans, commercial real estate loans, commercial and residential construction loans, multi-family mortgage loans, and land loans; consumer loans, such as home equity loans and lines of credit, overdraft line of credit, and loans on savings accounts; and commercial and industrial loans. The company also invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments. In addition, it offers wealth management and bankcard services; and sells alternative investment products, including mutual funds, annuities, and life insurance products. The company operates through an administrative/branch office in Toms River; and 22 additional branch offices, including 18 located in Ocean County, 4 in Monmouth County, and 1 in Middlesex County of New Jersey. OceanFirst Financial Corp. was founded in 1902 and is based in Toms River, New Jersey.

319 Employees
Last Reported Date: 03/13/15
Founded in 1902

oceanfirst financial corp (OCFC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $397.9K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $274.1K
Chief Lending Officer of Oceanfirst Bank and ...
Total Annual Compensation: $246.9K
Chief Administrative Officer of OceanFirst Ba...
Total Annual Compensation: $241.4K
Compensation as of Fiscal Year 2014.

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

 

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OCFC:US $17.71 USD -0.21

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Industry Analysis

OCFC

Industry Average

Valuation OCFC Industry Range
Price/Earnings 14.5x
Price/Sales 3.4x
Price/Book 1.3x
Price/Cash Flow 15.2x
TEV/Sales NM Not Meaningful
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