Last $17.23 USD
Change Today +0.26 / 1.53%
Volume 83.8K
OCFC On Other Exchanges
Symbol
Exchange
NASDAQ GS
Stuttgart
As of 8:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

oceanfirst financial corp (OCFC) Snapshot

Open
$16.92
Previous Close
$16.97
Day High
$17.40
Day Low
$16.70
52 Week High
01/27/14 - $19.47
52 Week Low
07/25/14 - $13.94
Market Cap
293.1M
Average Volume 10 Days
46.1K
EPS TTM
$1.00
Shares Outstanding
17.0M
EX-Date
10/30/14
P/E TM
17.2x
Dividend
$0.52
Dividend Yield
2.84%
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 community banking services to retail, government, and business customers. The company’s deposit products include money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits. Its loan portfolio comprises conventional first mortgage loans secured by one-to-four family residences, residential mortgage loans, commercial real estate loans, multi-family and land loans, and residential construction loans; consumer loans, such as home equity loans and lines of credit; 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 trust and asset management services, and bankcard services; and sells alternative investment products, including mutual funds, annuities, and life insurance products. As of July 25, 2014, it operated 23 branches located in Ocean, Monmouth, and Middlesex Counties, New Jersey. OceanFirst Financial Corp. was founded in 1902 and is based in Toms River, New Jersey.

336 Employees
Last Reported Date: 03/14/14
Founded in 1902

oceanfirst financial corp (OCFC) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $665.5K
President, Chief Operating Officer, Director,...
Total Annual Compensation: $424.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $350.4K
First Senior Vice President, General Counsel,...
Total Annual Compensation: $206.0K
Chief Lending Officer of Oceanfirst Bank and ...
Total Annual Compensation: $306.6K
Compensation as of Fiscal Year 2013.

oceanfirst financial corp (OCFC) Key Developments

OceanFirst Financial Corp. Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014

OceanFirst Financial Corp. Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014 . Venue: Naples, Florida, United States.

OceanFirst Financial Corp. Announces Increased Quarterly Dividend, Payable on November 14, 2014

OceanFirst Financial Corp. announced that the quarterly dividend was increased by 8.3%, to $0.13 per share. The $0.13 cash dividend represents a 42% payout of current earnings and is the Company's seventy-first consecutive quarterly cash dividend on common stock. The dividend for the quarter ended September 30, 2014 will be paid on November 14, 2014 to shareholders of record on November 3, 2014.

OceanFirst Financial Corp. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Net Charge-Offs for the Third Quarter Ended September 30, 2014

OceanFirst Financial Corp. announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total interest income of $20.142 million against $19.984 million a year ago. Net interest income was $18.100 million against $17.544 million a year ago. Income before provision for income taxes was $7.955 million against $7.626 million a year ago. Net income was $5.165 million or $0.31 per diluted share against $4.968 million or $0.29 per diluted share a year ago. Return on average assets was 0.88% against 0.86% a year ago. Return on average stockholders' equity was 9.50% against 9.17% a year ago. For the nine months, the company reported total interest income of $59.785 million against $60.196 million a year ago. Net interest income was $54.324 million against $52.277 million a year ago. Income before provision for income taxes was $23.108 million against $22.220 million a year ago. Net income was $14.988 million or $0.89 per diluted share against $14.392 million or $0.84 per diluted share a year ago. Return on average assets was 0.87% against 0.83% a year ago. Return on average stockholders' equity was 9.23% against 8.76% a year ago. For the third quarter ended September 30, 2014, the company reported net charge-offs of $5.626 million against $0.633 million a year ago.

 

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Industry Analysis

OCFC

Industry Average

Valuation OCFC Industry Range
Price/Earnings 17.2x
Price/Sales 3.2x
Price/Book 1.3x
Price/Cash Flow 17.3x
TEV/Sales NM Not Meaningful
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