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OceanFirst Financial Corp.

OceanFirst Financial Corp.

OCFC · NASDAQ · Financial Services / Banks - Regional

18.00USD-0.09 (-0.50%)

Price History

Full chart

Market Stats

Previous Close18.09
Open18.13
Day Range17.92 – 18.27
52-Week Range16.44 – 20.12
Volume1.69M
Market Cap1.62B
P/E (TTM)21.16
Forward P/E10.50
EPS0.79
Dividend Yield4.68%
Beta0.95
50-Day Avg18.94
200-Day Avg18.77

About

OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services to retail and commercial customers in the United States. The company accepts deposit products, such as money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits, including brokered deposits. It 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, loans on savings accounts, overdraft line of credit, and other consumer loans. In addition, the company invests in mortgage-backed securities, securities issued by the U.S. government and agencies, corporate securities, and other investments; and provides bankcard services, trust and asset management products and services, deposit account services, sales of loans and investments, bank owned life insurance and commercial loan swap income. The company was founded in 1902 and is headquartered in Toms River, New Jersey.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Christopher D. Maher
  • Employees898
  • Headquarters975 Hooper Avenue, Toms River, NJ, United States, 08753-8320, USA
  • Websitehttps://www.oceanfirst.com

Leadership

  • Mr. Christopher D. MaherCEO & Director · b. 1967
  • Mr. Joseph J. Lebel IIIPresident, COO & Director · b. 1962
  • Mr. Patrick Sean BarrettSenior EVP & CFO · b. 1964
  • Mr. Steven J. Tsimbinos Esq.Senior EVP, General Counsel & Corporate Secretary · b. 1970
  • Ms. Michele B. EstepSenior EVP & Chief Administrative Officer of OceanFirst Bank, National Association · b. 1970
  • Mr. Patrick ChongPrincipal Accounting Officer · b. 1989
  • Mr. Alfred GoonSenior VP of Corporate Development, Strategy & Investor Relations
  • Mr. Kevin GeorgettiSenior VP & Chief Compliance Officer
  • Ms. Jill Apito HewittSVP Director of Corporate Communications and Community Impact · b. 1965
  • Mr. Brian E. Schaeffer CISA, CISSPSenior EVP & Chief Information Officer of OceanFirst Bank, National Association · b. 1971

Financials

Income Statement

Currency: USD1995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue42.31M83.20M101.20M108.00M112.60M122.25M131.09M119.31M113.29M111.69M126.89M130.17M117.50M116.23M111.45M115.43M109.49M103.88M90.58M96.09M100.47M151.49M212.34M307.27M345.00M433.82M388.84M485.30M636.96M687.95M655.60M
Growth (%)-+96.64%+21.63%+6.72%+4.26%+8.57%+7.23%-8.98%-5.05%-1.41%+13.61%+2.59%-9.74%-1.08%-4.11%+3.57%-5.14%-5.12%-12.80%+6.08%+4.56%+50.78%+40.17%+44.71%+12.28%+25.74%-10.37%+24.81%+31.25%+8.01%-4.70%
Cost of Revenue40.95M44.60M56.60M62.30M59.70M67.40M64.40M49.27M37.58M35.23M42.22M58.59M62.74M47.16M36.10M32.25M25.81M22.00M12.43M10.13M10.31M15.79M24.06M39.64M54.46M126.06M24.92M61.47M255.92M315.83M298.40M
Gross Profit1.36M38.60M44.60M45.70M52.90M54.85M66.69M70.04M75.70M76.46M84.67M71.58M54.76M69.07M75.35M83.18M83.68M81.88M78.15M85.95M90.17M135.71M188.28M267.63M290.54M307.76M363.92M423.83M381.04M372.12M357.19M
Gross Margin3.20%46.39%44.07%42.31%46.98%44.87%50.87%58.70%66.83%68.46%66.72%54.99%46.60%59.43%67.61%72.06%76.43%78.82%86.28%89.45%89.74%89.58%88.67%87.10%84.21%70.94%93.59%87.33%59.82%54.09%54.48%
Operating Expense-11.25M39.20M23.10M25.50M27.90M31.64M37.38M40.14M44.86M48.76M54.83M52.38M53.82M47.45M50.54M52.40M51.47M50.93M53.21M55.42M58.96M100.51M122.96M182.13M183.19M226.72M221.68M229.91M244.27M241.47M264.68M
Operating Income12.61M-600.00K21.50M20.20M25.00M23.21M29.31M29.89M30.85M27.70M29.83M19.20M935.00K21.62M24.81M30.78M32.21M30.95M24.94M30.53M31.20M35.20M65.33M85.50M107.36M81.04M142.24M193.92M136.76M130.66M92.52M
Operating Margin29.79%-0.72%21.25%18.70%22.20%18.98%22.36%25.06%27.23%24.80%23.51%14.75%0.80%18.60%22.26%26.66%29.42%29.79%27.54%31.77%31.06%23.24%30.76%27.83%31.12%18.68%36.58%39.96%21.47%18.99%14.11%
EBITDA13.42M1.30M29.40M28.60M31.30M29.23M38.24M38.05M39.38M33.02M35.40M25.51M8.22M25.76M27.09M34.95M36.52M35.21M29.16M34.46M34.81M40.77M73.75M98.12M119.79M95.77M157.12M210.40M153.17M145.20M93.27M
EBITDA Margin31.71%1.56%29.05%26.48%27.80%23.91%29.17%31.89%34.76%29.57%27.90%19.60%7.00%22.17%24.30%30.28%33.36%33.89%32.19%35.87%34.64%26.91%34.73%31.93%34.72%22.08%40.41%43.35%24.05%21.11%14.23%
Net Income7.95M-1.70M13.80M13.00M16.30M16.38M18.16M20.14M19.87M17.95M19.50M12.63M1.07M14.76M15.65M20.38M20.74M20.02M16.33M19.92M20.32M23.05M42.47M71.93M88.57M63.31M110.08M146.60M104.03M100.06M70.98M
Net Income Margin18.78%-2.04%13.64%12.04%14.48%13.40%13.85%16.88%17.54%16.07%15.37%9.71%0.91%12.70%14.04%17.65%18.94%19.27%18.03%20.73%20.23%15.21%20.00%23.41%25.67%14.59%28.31%30.21%16.33%14.55%10.83%
R&D----------------00000000-------
R&D as % of Total Revenue----------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense40.00M43.90M55.60M61.40M58.80M66.41M63.15M47.62M36.89M34.93M41.87M58.44M62.04M45.38M30.40M24.25M18.06M14.10M9.63M7.50M9.03M13.16M19.61M36.15M52.82M66.66M36.75M53.70M238.24M308.14M282.23M
Interest Expense % of Total Revenue94.55%52.76%54.94%56.85%52.22%54.32%48.17%39.92%32.57%31.27%33.00%44.90%52.80%39.05%27.28%21.01%16.49%13.58%10.63%7.81%8.99%8.69%9.24%11.77%15.31%15.37%9.45%11.06%37.40%44.79%43.05%

Balance Sheet

Currency: USD1995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.04B1.30B1.51B1.56B1.59B1.64B1.76B1.74B1.72B1.91B1.99B2.08B1.93B1.86B2.03B2.25B2.30B2.27B2.25B2.36B2.59B5.17B5.42B7.52B8.25B11.45B11.74B13.10B13.54B13.42B14.56B
Total Liabilities944.09M1.05B1.30B1.36B1.42B1.48B1.62B1.61B1.58B1.78B1.85B1.94B1.80B1.74B1.85B2.05B2.09B2.05B2.04B332.74M346.88M4.60B4.81B6.48B7.09B235.47M229.14M11.52B11.88B11.72B12.90B
Total Equity92.35M252.80M215.50M197.70M167.50M157.74M146.73M135.31M134.66M137.96M138.78M132.32M124.31M119.78M183.54M201.25M216.85M219.79M214.35M2.02B2.25B572.04M601.94M1.04B1.15B11.21B11.51B1.59B1.66B1.70B1.66B
Cash8.02M5.40M2.20M10.30M10.00M7.24M16.88M17.19M36.17M74.02M31.11M32.20M27.55M18.48M23.02M31.45M77.53M62.54M33.96M36.12M43.95M301.37M109.61M120.79M120.54M1.27B204.95M167.95M153.72M123.61M135.13M
Total Debt10.40M108.10M308.60M312.10M354.90M363.99M484.33M398.58M421.12M463.07M628.09M532.98M509.89M449.82M425.07M360.36M387.10M313.29M270.80M428.05M445.26M376.99M424.88M610.67M687.80M369.96M352.62M1.48B1.05B1.26B1.63B
Net Debt2.38M102.70M306.40M301.80M344.90M356.76M467.46M381.39M384.95M389.05M596.98M500.78M482.35M431.35M402.06M328.91M309.57M250.75M236.85M296.62M302.94M75.62M315.26M489.88M567.26M-1.04B24.19M1.24B894.25M1.14B1.50B

Cash Flow

Currency: USD1995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow5.14M10.00M19.10M1.70M42.80M10.61M31.14M1.71M56.06M15.60M27.95M-15.00M65.07M24.71M16.83M39.94M17.55M30.89M35.46M27.58M28.45M33.42M80.13M92.55M100.25M132.66M159.97M250.45M124.26M92.24M87.21M
Investing Cash Flow-50.76M-269.00M-209.20M-21.60M-66.10M-1.70M-108.01M42.90M7.14M-125.00M-146.94M-36.36M58.55M37.58M-120.72M-256.74M-3.41M7.24M-31.42M-111.37M-95.07M271.70M-455.22M48.55M-172.12M-22.17M-1.48B-1.32B-488.00M106.40M-1.18B
Financing Cash Flow53.41M256.30M186.90M28.00M23.00M-11.68M86.50M-44.29M-44.23M147.24M76.07M52.46M-128.28M-71.36M108.44M225.24M31.93M-53.11M-32.62M85.95M74.57M-47.70M183.33M-128.39M82.77M1.07B223.99M1.01B349.47M-228.75M1.10B
Capital Expenditure4.12M7.20M1.50M1.10M1.50M2.11M4.01M3.03M883.00K1.62M2.13M4.15M1.62M5.21M2.74M2.56M2.23M2.60M4.28M3.97M3.89M6.67M48.70M11.49M5.08M14.73M42.04M20.90M7.71M7.57M7.70M
Free Cash Flow1.01M2.80M17.60M600.00K41.30M8.50M27.13M-1.32M55.18M13.99M25.82M-19.15M63.45M19.51M14.09M37.38M15.32M28.29M31.18M23.61M24.56M26.75M31.43M81.06M95.17M117.93M117.93M229.55M116.55M84.68M79.51M
Dividends Paid--4.80M6.50M7.20M7.62M7.94M8.92M9.62M9.69M9.47M9.28M9.26M9.37M11.24M8.76M8.79M8.58M8.24M8.24M8.69M12.62M19.29M29.56M34.24M42.92M44.51M47.51M51.27M50.88M48.25M
FCF to OCF19.76%28.00%92.15%35.29%96.50%80.12%87.11%-77.37%98.43%89.64%92.37%127.64%97.51%78.95%83.70%93.58%87.31%91.58%87.92%85.61%86.32%80.04%39.23%87.59%94.94%88.90%73.72%91.66%93.80%91.80%91.17%
Dividend Paid to FCF--27.27%1083.33%17.43%89.70%29.28%-675.45%17.43%69.25%36.67%-48.45%14.60%48.01%79.84%23.45%57.36%30.33%26.43%34.90%35.39%47.16%61.36%36.47%35.98%36.39%37.74%20.70%43.99%60.09%60.68%

Earnings

Report DateJul 17, 1997Oct 16, 1997Jan 22, 1998Apr 23, 1998Jul 23, 1998Oct 23, 1998Jan 22, 1999Apr 22, 1999Jul 22, 1999Oct 21, 1999Jan 21, 2000Apr 18, 2000Jul 20, 2000Oct 19, 2000Jan 19, 2001Apr 19, 2001Jul 19, 2001Oct 18, 2001Jan 17, 2002Apr 18, 2002Jul 19, 2002Oct 17, 2002Jan 23, 2003Apr 24, 2003Jul 24, 2003Oct 23, 2003Jan 22, 2004Apr 22, 2004Jul 22, 2004Oct 21, 2004Jan 20, 2005Apr 21, 2005Jul 21, 2005Oct 20, 2005Jan 19, 2006Apr 20, 2006Jul 20, 2006Oct 19, 2006Jan 18, 2007Apr 24, 2007Jul 30, 2007Oct 25, 2007Jan 24, 2008Apr 24, 2008Jul 24, 2008Oct 23, 2008Jan 22, 2009Apr 23, 2009Jul 23, 2009Oct 22, 2009Jan 21, 2010Apr 22, 2010Jul 22, 2010Oct 21, 2010Jan 20, 2011Apr 20, 2011Jul 21, 2011Oct 20, 2011Jan 19, 2012Apr 19, 2012Jul 19, 2012Oct 18, 2012Jan 23, 2013Apr 18, 2013Jul 18, 2013Oct 17, 2013Jan 23, 2014Apr 24, 2014Jul 24, 2014Oct 23, 2014Jan 22, 2015Apr 23, 2015Jul 23, 2015Oct 22, 2015Jan 21, 2016Apr 21, 2016Jul 28, 2016Oct 26, 2016Jan 26, 2017Apr 27, 2017Jul 27, 2017Oct 26, 2017Jan 25, 2018Apr 26, 2018Jul 26, 2018Oct 25, 2018Jan 24, 2019Apr 25, 2019Jul 25, 2019Oct 24, 2019Jan 27, 2020Apr 23, 2020Jul 23, 2020Oct 29, 2020Jan 28, 2021Apr 29, 2021Jul 29, 2021Oct 28, 2021Jan 27, 2022Apr 28, 2022Jul 28, 2022Oct 24, 2022Jan 19, 2023Apr 20, 2023Jul 20, 2023Oct 19, 2023Jan 18, 2024Apr 18, 2024Jul 18, 2024Oct 17, 2024Jan 23, 2025Apr 24, 2025Jul 24, 2025Oct 22, 2025Jan 22, 2026Apr 23, 2026Jul 30, 2026Oct 28, 2026
EPS Estimate0.140.150.160.160.160.170.170.190.190.210.230.230.260.280.280.280.290.310.330.370.380.350.400.410.410.420.390.370.360.360.340.360.390.400.410.400.370.380.370.280.230.250.310.320.340.360.320.240.260.310.240.230.250.280.280.270.290.280.280.310.300.290.230.290.280.280.310.300.290.320.310.300.320.320.330.330.350.380.380.380.400.460.460.410.450.550.560.510.540.510.530.380.340.410.390.400.430.410.440.460.550.590.620.640.470.350.430.410.420.380.360.350.330.360.370.390.420.42
EPS Actual0.140.150.160.160.150.170.180.200.210.230.230.260.270.270.250.270.300.320.350.360.370.350.390.400.380.410.340.350.320.350.400.400.400.400.400.360.410.420.400.360.090.270.260.310.360.320.300.300.260.340.220.240.270.290.320.280.280.280.300.310.300.310.290.260.290.290.300.280.300.310.300.320.310.320.330.320.380.400.380.400.400.450.450.450.460.530.540.510.510.540.510.450.36-0.080.390.440.490.450.480.490.590.600.670.550.460.320.450.440.390.390.380.350.310.360.410.430.43-
Surprise0.00%0.00%0.00%0.00%-6.25%0.00%5.88%5.26%10.53%9.52%0.00%13.04%3.85%-3.57%-10.71%-3.57%3.45%3.23%6.06%-2.70%-2.63%0.00%-2.50%-2.44%-7.32%-2.38%-12.82%-5.41%-11.11%-2.78%17.65%11.11%2.56%0.00%-2.44%-10.00%10.81%10.53%8.11%28.57%-60.87%8.00%-16.13%-3.13%5.88%-11.11%-6.25%25.00%0.00%9.68%-8.33%4.35%8.00%3.57%14.29%3.70%-3.45%0.00%7.14%0.00%0.00%6.90%26.09%-10.34%3.57%3.57%-3.23%-6.67%3.45%-3.13%-3.23%6.67%-3.13%0.00%0.00%-3.03%8.57%5.26%0.00%5.26%0.00%-2.17%-2.17%9.76%2.22%-3.64%-3.57%0.00%-5.56%5.88%-3.77%18.42%5.88%-120.05%0.00%10.00%13.95%9.76%9.09%6.52%7.27%1.69%8.06%-14.06%-2.13%-8.57%4.65%7.32%-7.14%2.63%5.56%0.00%-6.06%0.00%10.81%10.26%2.38%-
TimingPre-marketPre-marketPre-marketPre-market--------------Pre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap1.62B
Enterprise Value3.72B
Trailing P/E21.16
Forward P/E10.50
PEG Ratio1.15
Price / Sales3.78
Price / Book0.70
EPS0.79
Book Value24.50
Revenue (TTM)427.64M
Gross Profit (TTM)427.64M
Profit Margin11.20%
Operating Margin36.82%
Return on Equity2.37%
Return on Assets0.26%
Shares Outstanding96.65M
Shares Float84.54M
Beta0.95
Dividend Yield4.68%
Dividend Rate0.80
Payout Ratio49.08%

Analyst Ratings

Buy
Based on 7 analystsTarget 22.25
  • Strong Buy
    3
  • Hold
    4

Ownership Breakdown

Institutions
85.98%
Insiders
2.43%
Retail / Other
11.59%

Top Institutional Holders

  • Warburg Pincus LLC
    9.57M9.91%
  • BlackRock Inc
    6.73M6.97%
  • Dimensional Fund Advisors, Inc.
    4.59M4.75%
  • Wellington Management Company LLP
    4.11M4.26%
  • State Street Corp
    2.88M2.98%
  • Vanguard Capital Management, LLC
    2.43M2.51%
  • Two Sigma Investments LLC
    2.41M2.49%
  • T. Rowe Price Investment Management,Inc.
    2.18M2.25%
  • Amvescap Plc.
    2.00M2.07%
  • Geode Capital Management, LLC
    1.41M1.46%
  • Systematic Financial Management LP
    1.38M1.43%
  • Endeavour Capital Advisors Inc
    1.35M1.39%
  • Mirabella Financial Services LLP
    1.29M1.34%
  • GW&K Investment Management, LLC
    1.22M1.27%
  • American Century Companies Inc
    1.19M1.23%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    2.60M2.69%
  • iShares Russell 2000 ETF
    2.11M2.19%
  • DFA US Small Cap Value I
    1.17M1.21%
  • T. Rowe Price Small-Cap Stock
    967.19K1.00%
  • BlackRock Advantage Small Cap Core Instl
    943.90K0.98%

Dividends

20264×
0.20Nov 9, 20260.20Aug 10, 20260.20Apr 27, 20260.20Feb 2, 2026
20254×
0.20Nov 3, 20250.20Aug 4, 20250.20May 5, 20250.20Feb 3, 2025
20244×
0.20Nov 4, 20240.20Aug 5, 20240.20May 3, 20240.20Feb 2, 2024
20234×
0.20Nov 3, 20230.20Aug 4, 20230.20May 5, 20230.20Feb 3, 2023
20224×
0.20Nov 4, 20220.20Aug 5, 20220.17May 6, 20220.17Feb 4, 2022
20214×
0.17Nov 5, 20210.17Aug 6, 20210.17May 7, 20210.17Feb 5, 2021

Stock Splits

  • May 20, 20023:2
  • May 18, 19982:1