Financial Services - Banks - Regional - NASDAQ - US
$ 20.49
0.147 %
$ 1.2 B
Market Cap
11.71
P/E
OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. The company also offers commercial real estate, multi-family, land loans, construction, and commercial and industrial loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; and consumer loans, such as home equity loans and lines of credit, student loans, overdraft line of credit, loans on savings accounts, and other consumer loans. In addition, it invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments.[ Read More ]
The intrinsic value of one OCFC stock under the base case scenario is HIDDEN Compared to the current market price of 20.5 USD, OceanFirst Financial Corp. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart OCFC
FINANCIALS
386 M
REVENUE
177 M
OPERATING INCOME
104 M
NET INCOME
128 M
OPERATING CASH FLOW
-488 M
INVESTING CASH FLOW
349 M
FINANCING CASH FLOW
95.8 M
REVENUE
35.9 M
OPERATING INCOME
-53 M
NET INCOME
-22.4 M
OPERATING CASH FLOW
-174 M
INVESTING CASH FLOW
209 M
FINANCING CASH FLOW
Balance Sheet Decomposition
OceanFirst Financial Corp.
| Current Assets | 154 M |
| Cash & Short-Term Investments | 154 M |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 13.3 B |
| Long-Term Investments | 187 M |
| PP&E | 140 M |
| Other Non-Current Assets | 13 B |
| Current Liabilities | 5.3 B |
| Accounts Payable | 0 |
| Short-Term Debt | 322 M |
| Other Current Liabilities | 4.98 B |
| Non-Current Liabilities | 11.9 B |
| Long-Term Debt | 816 M |
| Other Non-Current Liabilities | 11.1 B |
EFFICIENCY
Earnings Waterfall
OceanFirst Financial Corp.
| Revenue | 386 M |
| Cost Of Revenue | -255 M |
| Gross Profit | 641 M |
| Operating Expenses | 209 M |
| Operating Income | 177 M |
| Other Expenses | 72.6 M |
| Net Income | 104 M |
RATIOS
166.16%
GROSS MARGIN
45.81%
OPERATING MARGIN
26.97%
NET MARGIN
6.26%
ROE
0.77%
ROA
4.83%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
OceanFirst Financial Corp.
| Net Income | 104 M |
| Depreciation & Amortization | 15.7 M |
| Capital Expenditures | -7.71 M |
| Stock-Based Compensation | 7.92 M |
| Change in Working Capital | -17.3 M |
| Others | 615 K |
| Free Cash Flow | 121 M |
Wall Street Analysts Price Targets
OceanFirst Financial Corp.
Wall Street analysts predict an average 1-year price target for OCFC of $19.8 , with forecasts ranging from a low of $17 to a high of $22 .
OCFC Lowest Price Target
Wall Street Target
17 USD
-17.03%
OCFC Average Price Target
Wall Street Target
19.8 USD
-3.61%
OCFC Highest Price Target
Wall Street Target
22 USD
7.37%
4. DIVIDEND ANALYSIS
1.17%
DIVIDEND YIELD
0.2 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
OceanFirst Financial Corp.
Sold
0-3 MONTHS
30 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
578 K USD 7
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
8.16 K USD 2
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
5 days ago
Nov 11, 2024
|
Sell 30 K USD
|
Murphy Joseph M. Jr.
Director |
- 1500
|
20.03 USD |
|
6 months ago
May 02, 2024
|
Sell 54.2 K USD
|
Schaeffer Brian
other: EVP & CIO, OceanFirst Bank |
- 3500
|
15.49 USD |
|
8 months ago
Mar 05, 2024
|
Sell 103 K USD
|
ESTEP MICHELE B
other: EVP & CAO, OceanFirst Bank |
- 6867
|
14.94 USD |
|
8 months ago
Mar 05, 2024
|
Sell 127 K USD
|
Lebel Joseph III
President and COO |
- 8496
|
14.93 USD |
|
8 months ago
Mar 05, 2024
|
Sell 160 K USD
|
Maher Christopher
Chairman and CEO |
- 10713
|
14.9 USD |
|
8 months ago
Mar 05, 2024
|
Sell 25.9 K USD
|
Schaeffer Brian
other: EVP & CIO, OceanFirst Bank |
- 1747
|
14.84 USD |
|
8 months ago
Mar 05, 2024
|
Sell 69.3 K USD
|
Tsimbinos Steven James
Executive VP/Corp. Secretary |
- 4687
|
14.79 USD |
|
8 months ago
Mar 05, 2024
|
Sell 29.3 K USD
|
GIORDANO ANTHONY III
other: Chief of Banking Ops, OFB |
- 1980
|
14.81 USD |
|
8 months ago
Mar 05, 2024
|
Sell 10.2 K USD
|
Ho Angela K
other: Chief Compliance Officer, OFB |
- 685
|
14.87 USD |
|
11 months ago
Dec 07, 2023
|
Bought 7.11 K USD
|
Barros John F
Director |
+ 462
|
15.38 USD |
|
11 months ago
Dec 05, 2023
|
Bought 1.05 K USD
|
Garrett Robert C
Director |
+ 70
|
15.04 USD |
|
1 year ago
Oct 26, 2023
|
Bought 29.9 K USD
|
GIORDANO ANTHONY III
|
+ 2345
|
12.7484 USD |
|
1 year ago
Jun 15, 2023
|
Sell 175 K USD
|
Lebel Joseph III
President and COO |
- 10530
|
16.65 USD |
|
1 year ago
Jun 02, 2023
|
Bought 1.48 K USD
|
Farris Jack M.
Director |
+ 100
|
14.76 USD |
|
1 year ago
May 12, 2023
|
Bought 13.3 K USD
|
Maher Christopher
Chairman and CEO |
+ 1000
|
13.3192 USD |
|
1 year ago
May 12, 2023
|
Bought 12.9 K USD
|
Maher Christopher
Chairman and CEO |
+ 1000
|
12.89 USD |
|
1 year ago
May 11, 2023
|
Bought 13 K USD
|
Maher Christopher
Chairman and CEO |
+ 1000
|
12.9969 USD |
|
1 year ago
May 10, 2023
|
Bought 13.2 K USD
|
Maher Christopher
Chairman and CEO |
+ 1000
|
13.2352 USD |
|
1 year ago
May 09, 2023
|
Bought 13.3 K USD
|
Maher Christopher
Chairman and CEO |
+ 1000
|
13.34 USD |
|
1 year ago
May 04, 2023
|
Bought 19.1 K USD
|
Barrett Patrick Sean
Executive Vice President & CFO |
+ 1000
|
19.1112 USD |
|
1 year ago
May 04, 2023
|
Bought 19 K USD
|
Lebel Joseph III
President and COO |
+ 1000
|
19 USD |
|
1 year ago
Apr 27, 2023
|
Bought 100 K USD
|
Murphy Joseph M. Jr.
Director |
+ 6473
|
15.45 USD |
|
1 year ago
Apr 27, 2023
|
Bought 15.3 K USD
|
Maher Christopher
Chairman and CEO |
+ 1000
|
15.263 USD |
|
1 year ago
Apr 25, 2023
|
Bought 15.9 K USD
|
Barrett Patrick Sean
Executive Vice President & CFO |
+ 1000
|
15.86 USD |
|
1 year ago
Mar 15, 2023
|
Bought 22 K USD
|
Lebel Joseph III
President and COO |
+ 1000
|
21.99 USD |
|
1 year ago
Mar 13, 2023
|
Bought 79.9 K USD
|
Murphy Joseph M. Jr.
Director |
+ 3643
|
21.93 USD |
|
1 year ago
Mar 13, 2023
|
Bought 44.2 K USD
|
Tsimbinos Steven James
Executive VP/Corp. Secretary |
+ 2000
|
22.12 USD |
|
1 year ago
Mar 13, 2023
|
Bought 22 K USD
|
Lebel Joseph III
President and COO |
+ 1000
|
21.99 USD |
|
2 years ago
Aug 02, 2022
|
Sell 1.24 M USD
|
Devlin Michael D
director: |
- 60000
|
20.61 USD |
|
2 years ago
Jun 24, 2022
|
Bought 199 K USD
|
Barrett Patrick Sean
Executive Vice President & CFO |
+ 10500
|
18.91 USD |
|
2 years ago
May 17, 2022
|
Bought 25.1 K USD
|
Lebel Joseph III
President and COO |
+ 1000
|
25.1344 USD |
|
2 years ago
May 13, 2022
|
Bought 38 K USD
|
Katsoulis Nicos
director: |
+ 2000
|
18.99 USD |
|
2 years ago
May 12, 2022
|
Bought 5.51 K USD
|
Turner Patricia Lynne
director: |
+ 300
|
18.38 USD |
|
2 years ago
Mar 10, 2022
|
Bought 42.8 K USD
|
Katsoulis Nicos
director: |
+ 2000
|
21.4 USD |
|
2 years ago
Mar 07, 2022
|
Sell 84 K USD
|
ESTEP MICHELE B
director: |
- 3790
|
22.17 USD |
|
2 years ago
Mar 07, 2022
|
Sell 39.2 K USD
|
GIORDANO ANTHONY III
director: |
- 1767
|
22.17 USD |
|
2 years ago
Mar 07, 2022
|
Sell 16.5 K USD
|
Ho Angela K
SVP/Principal Accounting Off. |
- 742
|
22.17 USD |
|
2 years ago
Mar 07, 2022
|
Sell 118 K USD
|
Lebel Joseph III
President and COO |
- 5325
|
22.17 USD |
|
2 years ago
Mar 07, 2022
|
Sell 71.7 K USD
|
Sridharan Karthik
director: |
- 3234
|
22.17 USD |
|
2 years ago
Mar 07, 2022
|
Sell 0 USD
|
Vallacchi Grace
Executive Vice President & CRO |
- 3566
|
0 USD |
|
2 years ago
Mar 07, 2022
|
Sell 488 K USD
|
Maher Christopher
Chairman and CEO |
- 22025
|
22.17 USD |
|
2 years ago
Nov 29, 2021
|
Bought 62.7 K USD
|
Katsoulis Nicos
Director |
+ 3000
|
20.9 USD |
|
3 years ago
Aug 03, 2021
|
Bought 38.1 K USD
|
Katsoulis Nicos
Director |
+ 2000
|
19.07 USD |
|
3 years ago
May 07, 2021
|
Bought 27.8 K USD
|
Lebel Joseph III
President and COO |
+ 1000
|
27.82 USD |
|
3 years ago
Mar 03, 2021
|
Sell 16.1 K USD
|
Ho Angela K
SVP/Principal Accounting Off. |
- 695
|
23.11 USD |
|
3 years ago
Mar 03, 2021
|
Sell 33.5 K USD
|
GIORDANO ANTHONY III
|
- 1451
|
23.11 USD |
|
3 years ago
Mar 03, 2021
|
Sell 24.6 K USD
|
Vallacchi Grace
Executive Vice President & CRO |
- 1065
|
23.11 USD |
|
3 years ago
Mar 03, 2021
|
Sell 54.7 K USD
|
Sridharan Karthik
|
- 2366
|
23.11 USD |
|
3 years ago
Mar 03, 2021
|
Sell 29.8 K USD
|
ESTEP MICHELE B
|
- 1291
|
23.11 USD |
|
3 years ago
Mar 03, 2021
|
Sell 11.4 K USD
|
Lebel Joseph III
President and COO |
- 494
|
23.11 USD |
|
3 years ago
Mar 03, 2021
|
Sell 61 K USD
|
Maher Christopher
Chairman and CEO |
- 2641
|
23.11 USD |
|
3 years ago
Feb 09, 2021
|
Sell 460 K USD
|
Devlin Michael D
Director |
- 23000
|
20.0086 USD |
|
3 years ago
Feb 09, 2021
|
Sell 313 K USD
|
Devlin Michael D
Director |
- 15662
|
20.0086 USD |
|
3 years ago
Feb 02, 2021
|
Bought 9.84 K USD
|
Turner Patricia Lynne
Director |
+ 525
|
18.74 USD |
|
4 years ago
Nov 04, 2020
|
Bought 4.38 K USD
|
Tsimbinos Steven James
Executive VP/Corp. Secretary |
+ 300
|
14.585 USD |
|
4 years ago
Nov 04, 2020
|
Bought 13.2 K USD
|
Katsoulis Nicos
Director |
+ 900
|
14.68 USD |
|
4 years ago
Nov 04, 2020
|
Bought 14.8 K USD
|
Katsoulis Nicos
Director |
+ 1000
|
14.824 USD |
|
4 years ago
May 15, 2020
|
Bought 21.6 K USD
|
Tsimbinos Steven James
Executive VP/Corp. Secretary |
+ 1600
|
13.48 USD |
|
4 years ago
May 15, 2020
|
Bought 25 K USD
|
Tsimbinos Steven James
Executive VP/Corp. Secretary |
+ 1000
|
25 USD |
|
4 years ago
Mar 10, 2020
|
Bought 33.7 K USD
|
Katsoulis Nicos
Director |
+ 2000
|
16.83 USD |
|
4 years ago
Mar 03, 2020
|
Sell 11.3 K USD
|
Ho Angela K
SVP/Principal Accounting Off. |
- 539
|
20.955 USD |
|
4 years ago
Mar 03, 2020
|
Sell 25.9 K USD
|
GIORDANO ANTHONY III
|
- 1247
|
20.7745 USD |
|
4 years ago
Mar 03, 2020
|
Sell 25.5 K USD
|
Vallacchi Grace
Executive Vice President & CRO |
- 1218
|
20.955 USD |
|
4 years ago
Mar 03, 2020
|
Sell 28.1 K USD
|
ESTEP MICHELE B
|
- 1343
|
20.955 USD |
|
4 years ago
Mar 03, 2020
|
Sell 31.6 K USD
|
Lebel Joseph III
|
- 1510
|
20.955 USD |
|
4 years ago
Mar 03, 2020
|
Sell 72.2 K USD
|
Maher Christopher
Chairman, President and CEO |
- 3445
|
20.955 USD |
|
4 years ago
Feb 27, 2020
|
Bought 42.7 K USD
|
Katsoulis Nicos
Director |
+ 2000
|
21.35 USD |
|
4 years ago
Feb 19, 2020
|
Sell 145 K USD
|
BRADY STEVEN E
Director |
- 6184
|
23.45 USD |
|
4 years ago
Feb 19, 2020
|
Sell 2.65 K USD
|
BRADY STEVEN E
Director |
- 113
|
23.455 USD |
|
4 years ago
Feb 20, 2020
|
Sell 521 K USD
|
BRADY STEVEN E
Director |
- 22187
|
23.46 USD |
|
4 years ago
Feb 13, 2020
|
Sell 281 K USD
|
BRADY STEVEN E
Director |
- 11920
|
23.54 USD |
|
4 years ago
Feb 11, 2020
|
Sell 156 K USD
|
MOSS WILLIAM D
Director |
- 6623
|
23.48 USD |
|
4 years ago
Dec 26, 2019
|
Sell 371 K USD
|
BRADY STEVEN E
Director |
- 14680
|
25.25 USD |
|
5 years ago
May 07, 2019
|
Sell 20.1 K USD
|
YOUNG SAMUEL
Director |
- 800
|
25.11 USD |
|
5 years ago
Mar 19, 2019
|
Sell 75.8 K USD
|
IANTOSCA JOSEPH R
|
- 3000
|
25.25 USD |
|
5 years ago
Mar 06, 2019
|
Bought 125 K USD
|
Lloyd John K
Director |
+ 5000
|
25.07 USD |
|
5 years ago
Mar 06, 2019
|
Sell 42.1 K USD
|
Vallacchi Grace
Executive Vice President & CRO |
- 1700
|
24.75 USD |
|
5 years ago
Mar 05, 2019
|
Sell 61.9 K USD
|
IANTOSCA JOSEPH R
|
- 2475
|
25 USD |
|
5 years ago
Feb 11, 2019
|
Sell 1.17 M USD
|
Devlin Michael D
Director |
- 46709
|
25.07 USD |
|
5 years ago
Nov 26, 2018
|
Bought 12.4 K USD
|
Maher Christopher
Chairman, President and CEO |
+ 500
|
24.88 USD |
|
6 years ago
Aug 10, 2018
|
Bought 86.4 K USD
|
COSCIA ANTHONY R
Director |
+ 3000
|
28.806 USD |
|
6 years ago
Aug 09, 2018
|
Bought 49.9 K USD
|
Guadagno Kimberly M
Director |
+ 1725
|
28.9258 USD |
|
6 years ago
May 03, 2018
|
Sell 486 K USD
|
Devlin Michael D
Director |
- 18000
|
27.0262 USD |
|
6 years ago
May 02, 2018
|
Sell 555 K USD
|
Devlin Michael D
Director |
- 20547
|
27.0002 USD |
|
6 years ago
May 04, 2018
|
Sell 39.2 K USD
|
Devlin Michael D
Director |
- 1453
|
27 USD |
|
6 years ago
May 02, 2018
|
Sell 172 K USD
|
Devlin Michael D
Director |
- 6375
|
27 USD |
|
6 years ago
May 02, 2018
|
Sell 1.39 M USD
|
Devlin Michael D
Director |
- 51311
|
27 USD |
|
6 years ago
May 01, 2018
|
Bought 53 K USD
|
Maher Christopher
Chairman, President and CEO |
+ 2000
|
26.5 USD |
|
6 years ago
Feb 15, 2018
|
Sell 39.8 K USD
|
CATANIA ANGELO
Director |
- 1505
|
26.47 USD |
|
6 years ago
Feb 15, 2018
|
Sell 39.8 K USD
|
CATANIA ANGELO
Director |
- 1505
|
26.47 USD |
|
6 years ago
Jan 08, 2018
|
Sell 39.8 K USD
|
Burke Joseph J
Director |
- 1490
|
26.73 USD |
|
6 years ago
Feb 05, 2018
|
Sell 69.1 K USD
|
BRADY STEVEN E
Director |
- 2653
|
26.05 USD |
|
6 years ago
Feb 05, 2018
|
Sell 18.4 K USD
|
BRADY STEVEN E
Director |
- 706
|
26.03 USD |
|
6 years ago
Feb 05, 2018
|
Sell 433 K USD
|
BRADY STEVEN E
Director |
- 16641
|
26.01 USD |
|
6 years ago
Feb 05, 2018
|
Sell 132 K USD
|
IANTOSCA JOSEPH R
|
- 5000
|
26.4 USD |
7. News
OceanFirst Financial Corp. and OceanFirst Bank N.A. Receive Moody's Investment Grade Ratings
OceanFirst Bank N.A. receives Deposit Ratings of A3/Prime-2 and OceanFirst Financial Corp. receives an Issuer Rating of Baa3 OceanFirst Bank N.A. receives Deposit Ratings of A3/Prime-2 and OceanFirst Financial Corp. receives an Issuer Rating of Baa3
globenewswire.com
- 1 week ago
OceanFirst Financial Corp. (OCFC) Q3 2024 Earnings Call Transcript
OceanFirst Financial Corp. (NASDAQ:OCFC ) Q3 2024 Earnings Conference Call October 18, 2024 11:00 AM ET Company Participants Alfred Goon - Senior Vice President, Corporate Development and Investor Relations Christopher Maher - Chairman and Chief Executive Officer Joseph Lebel - President and Chief Operating Officer Patrick Barrett - Executive Vice President and Chief Financial Officer Conference Call Participants Frank Schiraldi - Piper Sandler Daniel Tamayo - Raymond James Tim Switzer - KBW David Bishop - Hovde Matthew Breese - Stephens Manuel Navas - D.A. Davidson Christopher Marinac - JMS Operator Good morning, and thank you all for attending the OceanFirst Financial Corp. Third Quarter '24 Earnings Release Conference Call.
seekingalpha.com
- 4 weeks ago
OceanFirst Financial: Another Regional Bank At Highs, Mixed Operational Performance
OceanFirst Financial Corp.'s attractive 5% dividend yield is tempting, but concerns about its commercial real estate loan portfolio make it risky. Q3 earnings were mixed: deposits and loans dipped, but loan loss provisions and book value improved. Asset quality metrics were mixed; net charge-offs increased, and non-performing loans rose, but the efficiency ratio improved.
seekingalpha.com
- 4 weeks ago
OceanFirst (OCFC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for OceanFirst (OCFC) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.com
- 4 weeks ago
OceanFirst Financial (OCFC) Q3 Earnings and Revenues Top Estimates
OceanFirst Financial (OCFC) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.32 per share a year ago.
zacks.com
- 4 weeks ago
OceanFirst Financial Corp. Announces Third Quarter Financial Results
RED BANK, N.J., Oct. 17, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), announced net income available to common stockholders of $24.1 million, or $0.42 per diluted share, for the three months ended September 30, 2024, an increase from $19.7 million, or $0.33 per diluted share, for the corresponding prior year period, and $23.4 million, or $0.40 per diluted share, for the prior linked quarter. For the nine months ended September 30, 2024, the Company reported net income available to common stockholders of $75.1 million, or $1.29 per diluted share, an increase from $73.3 million, or $1.24 per diluted share, for the corresponding prior year period. Selected performance metrics are as follows (refer to “Selected Quarterly Financial Data” for additional information):
globenewswire.com
- 4 weeks ago
Seeking Clues to OceanFirst (OCFC) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
Evaluate the expected performance of OceanFirst (OCFC) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
zacks.com
- 1 month ago
OceanFirst Financial (OCFC) Reports Next Week: Wall Street Expects Earnings Growth
OceanFirst (OCFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 1 month ago
OceanFirst Bank Secures $50,000 in Small Business Recovery Grants from Federal Home Loan Bank to Benefit Ten Local Nonprofit Organizations
RED BANK, N.J., Oct. 07, 2024 (GLOBE NEWSWIRE) -- OceanFirst Bank N.A. (the “Bank” or “OceanFirst”), a subsidiary of OceanFirst Financial Corp. (NASDAQ:OCFC), has helped ten nonprofit organizations in its market area to apply for and obtain Small Business Recovery Grants totaling $50,000 through a program created by the Federal Home Loan Bank of New York (FHLBNY). The grants are designed to assist eligible organizations who have faced economic challenges due to the rate environment, inflation, supply-chain constraints, or rising energy costs.
globenewswire.com
- 1 month ago
CommUNITYFirst Day 2024, Held on September 24th, Benefits Thousands
700+ OceanFirst Bank Employees Volunteer 3,000 Hours at Nonprofit Organizations in Four States 700+ OceanFirst Bank Employees Volunteer 3,000 Hours at Nonprofit Organizations in Four States
globenewswire.com
- 1 month ago
OceanFirst Financial Corp. Schedules Earnings Conference Call
RED BANK, N.J., Sept. 23, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, today announced that it will issue its earnings release for the quarter ended September 30, 2024 on Thursday, October 17, 2024 after market close. Management will then conduct a conference call at 11:00 a.m. Eastern Time, on Friday, October 18, 2024 to discuss highlights of the Company's quarterly operating performance.
globenewswire.com
- 1 month ago
OceanFirst Bank Announces Voluntary Settlement of Fair Lending Claims by the U.S. Department of Justice and U.S. Department of Housing and Urban Development
Agrees to Commit $14 Million in Residential Lending Subsidy Programs in New Brunswick Area Agrees to Commit $14 Million in Residential Lending Subsidy Programs in New Brunswick Area
globenewswire.com
- 1 month ago
8. Profile Summary
OceanFirst Financial Corp. OCFC
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 1.2 B
Dividend Yield
1.17%
Description
OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. The company also offers commercial real estate, multi-family, land loans, construction, and commercial and industrial loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; and consumer loans, such as home equity loans and lines of credit, student loans, overdraft line of credit, loans on savings accounts, and other consumer loans. In addition, it invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments. Further, the company offers bankcard, wealth management, and trust and asset management services; and sells alternative investment products and life insurance products. As of December 31, 2021, it operated through its branch office in Toms River; administrative office located in Red Bank and Mount Laurel; 46 additional branch offices and four deposit production facilities located throughout central and southern New Jersey; and commercial loan production offices in New Jersey, New York City, the Philadelphia area, Baltimore, and Boston. The company was founded in 1902 and is based in Red Bank, New Jersey.
Contact
110 West Front Street, Red Bank, NJ, 07701
https://www.oceanfirst.com
IPO Date
July 3, 1996
Employees
878
Officers
Mr. Patrick Chong
Senior Vice President, Corporate Controller & Principal Accounting Officer
Mr. Brian E. Schaeffer CISA, CISSP
Senior Vice President & Chief Information Security Officer
Mr. Christopher D. Maher
Chairman & Chief Executive Officer
Mr. Joseph J. Lebel III
President, Chief Operating Officer & Director
Mr. Patrick S. Barrett
Chief Financial Officer & Executive Vice President
Mr. Steven J. Tsimbinos Esq.
Executive Vice President, General Counsel & Corporate Secretary
Ms. Michele B. Estep
EVice President and Chief Administrative Officer of OceanFirst Bank, N.A.
Ms. Angela K. Ho
Senior Vice President & Chief Compliance Officer
Mr. Anthony Giordano III
Executive Vice President & Chief of Banking Operations
Mr. David L. Berninger
Executive Vice President & CRO