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Last $18.58 USD
Change Today -0.15 / -0.80%
Volume 12.6K
OCFC On Other Exchanges
Symbol
Exchange
Stuttgart
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

oceanfirst financial corp (OCFC) Snapshot

Open
$18.79
Previous Close
$18.73
Day High
$18.90
Day Low
$18.57
52 Week High
07/1/15 - $18.95
52 Week Low
07/25/14 - $13.94
Market Cap
310.9M
Average Volume 10 Days
38.8K
EPS TTM
$1.24
Shares Outstanding
16.7M
EX-Date
04/30/15
P/E TM
15.0x
Dividend
$0.52
Dividend Yield
2.74%
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. 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.

 

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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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