Summary
18.32 0.05(0.27%)09/27/2024
OceanFirst Financial Corp. (OCFC)
OceanFirst Financial Corp. (OCFC)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| 0.30 | 0.44 | 4.93 | 20.69 | 14.11 | 27.67 | -12.50 | 535.94 |
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| Trading Data | ||
| Close | 18.32 | |
| Open | 18.54 | |
| High | 18.54 | |
| Low | 18.18 | |
| Volume | 290,019 | |
| Change | 0.06 | |
| Change % | 0.30 | |
| Avg Volume (20 Days) | 228,153 | |
| Volume/Avg Volume (20 Days) Ratio | 1.27 | |
| 52 Week Range | 12.01 - 18.98 | |
| Price vs 52 Week High | -3.48% | |
| Price vs 52 Week Low | 52.54% | |
| Range | -1.19 | |
| Gap Up/Down | 0.25 | |
Fundamentals | ||
| Market Capitalization (Mln) | 1,069 | |
| EBIDTA | 0 | |
| PE Ratio | 9.1930 | |
| PEG Ratio | 1.8400 | |
| WallStreet Target Price | 18.86 | |
| Book Value | 28.3120 | |
| Earnings Per Share | 1.7100 | |
| EPS Estimate Current Quarter | 0.4100 | |
| EPS Estimate Next Quarter | 0.4200 | |
| EPS Estimate Current Year | 1.7300 | |
| EPS Estimate Next Year | 1.9300 | |
| Diluted EPS (TTM) | 1.7100 | |
| Revenues | ||
| Profit Marging | 0.2717 | |
| Operating Marging (TTM) | 0.4415 | |
| Return on asset (TTM) | 0.0078 | |
| Return on equity (TTM) | 0.0640 | |
| Revenue TTM | 385,734,016 | |
| Revenue per share TTM | 6.5430 | |
| Quarterly Revenue Growth (YOY) | 0.0010 | |
| Quarterly Earnings Growth (YOY) | 0.0280 | |
| Gross Profit (TTM) | 428,803,000 | |
| Dividends | ||
| Dividend Share | 0.8000 | |
| Dividend Yield | 0.0509 | |
| Valuations | ||
| Trailing PE | 9.1930 | |
| Forward PE | 8.5911 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 0.5297 | |
| Revenue Enterprise Value | 0.0000 | |
| EBITDA Enterprise Value | 0.0000 | |
| Shares | ||
| Shares Outstanding | 58,713,500 | |
| Shares Float | 56,730,536 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.02 | |
| Insider (%) | 3.24 | |
| Institutions (%) | 71.74 | |
09/25 16:30 EST - globenewswire.com
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
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
09/23 17:08 EST - globenewswire.com
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.
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.
09/18 15:40 EST - globenewswire.com
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
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
09/10 10:30 EST - seekingalpha.com
OceanFirst Financial: 7% Yield Still Attractive Despite Call Risk
OceanFirst Financial's preferred shares are safer due to a higher CET1 ratio and substantial common equity, despite weak earnings and decreasing net interest income. Preferred dividends are well-covered, requiring less than 5% of Q2 income, making them secure even with a significant increase in loan loss provisions. Preferred shares trade slightly above par with a 6.98% yield, but the approaching call date and potential floating rate increase to 11.8% heighten call risk.
OceanFirst Financial: 7% Yield Still Attractive Despite Call Risk
OceanFirst Financial's preferred shares are safer due to a higher CET1 ratio and substantial common equity, despite weak earnings and decreasing net interest income. Preferred dividends are well-covered, requiring less than 5% of Q2 income, making them secure even with a significant increase in loan loss provisions. Preferred shares trade slightly above par with a 6.98% yield, but the approaching call date and potential floating rate increase to 11.8% heighten call risk.
07/19 14:55 EST - seekingalpha.com
OceanFirst Financial Corp. (OCFC) Q2 2024 Earnings Call Transcript
OceanFirst Financial Corp. (NASDAQ:OCFC ) Q2 2024 Earnings Conference Call July 19, 2024 11:00 AM ET Company Participants Alfred Goon - IR Christopher Maher - Chairman and CEO Joe Lebel - President Pat Barrett - CFO Conference Call Participants Frank Schiraldi - Piper Sandler Daniel Tamayo - Raymond James Tim Switzer - KBW David Bishop - Hovde Group Manuel Navas - D.A. Davidson Matthew Breese - Stephens Christopher Marinac - Janney Montgomery Scott Operator Good morning, all, and thank you for attending the OceanFirst Financial Corp Q2 '24 Earnings Release Conference Call.
OceanFirst Financial Corp. (OCFC) Q2 2024 Earnings Call Transcript
OceanFirst Financial Corp. (NASDAQ:OCFC ) Q2 2024 Earnings Conference Call July 19, 2024 11:00 AM ET Company Participants Alfred Goon - IR Christopher Maher - Chairman and CEO Joe Lebel - President Pat Barrett - CFO Conference Call Participants Frank Schiraldi - Piper Sandler Daniel Tamayo - Raymond James Tim Switzer - KBW David Bishop - Hovde Group Manuel Navas - D.A. Davidson Matthew Breese - Stephens Christopher Marinac - Janney Montgomery Scott Operator Good morning, all, and thank you for attending the OceanFirst Financial Corp Q2 '24 Earnings Release Conference Call.
07/18 19:00 EST - zacks.com
OceanFirst (OCFC) Reports Q2 Earnings: What Key Metrics Have to Say
The headline numbers for OceanFirst (OCFC) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
OceanFirst (OCFC) Reports Q2 Earnings: What Key Metrics Have to Say
The headline numbers for OceanFirst (OCFC) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
07/18 18:25 EST - zacks.com
OceanFirst Financial (OCFC) Lags Q2 Earnings and Revenue Estimates
OceanFirst Financial (OCFC) came out with quarterly earnings of $0.39 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.46 per share a year ago.
OceanFirst Financial (OCFC) Lags Q2 Earnings and Revenue Estimates
OceanFirst Financial (OCFC) came out with quarterly earnings of $0.39 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.46 per share a year ago.
07/18 16:15 EST - globenewswire.com
OceanFirst Financial Corp. Announces Second Quarter Financial Results
RED BANK, N.J., July 18, 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 $23.4 million, or $0.40 per diluted share, for the three months ended June 30, 2024, a decrease from $26.8 million, or $0.45 per diluted share, for the corresponding prior year period, and $27.7 million, or $0.47 per diluted share, for the prior linked quarter. For the six months ended June 30, 2024, the Company reported net income available to common stockholders of $51.0 million, or $0.87 per diluted share, a decrease from $53.7 million, or $0.91 per diluted share, for the corresponding prior year period. Selected performance metrics are as follows (refer to “Selected Quarterly Financial Data” for additional information):
OceanFirst Financial Corp. Announces Second Quarter Financial Results
RED BANK, N.J., July 18, 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 $23.4 million, or $0.40 per diluted share, for the three months ended June 30, 2024, a decrease from $26.8 million, or $0.45 per diluted share, for the corresponding prior year period, and $27.7 million, or $0.47 per diluted share, for the prior linked quarter. For the six months ended June 30, 2024, the Company reported net income available to common stockholders of $51.0 million, or $0.87 per diluted share, a decrease from $53.7 million, or $0.91 per diluted share, for the corresponding prior year period. Selected performance metrics are as follows (refer to “Selected Quarterly Financial Data” for additional information):
07/11 11:07 EST - zacks.com
Analysts Estimate OceanFirst Financial (OCFC) to Report a Decline in Earnings: What to Look Out for
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.
Analysts Estimate OceanFirst Financial (OCFC) to Report a Decline in Earnings: What to Look Out for
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.
04/19 16:16 EST - seekingalpha.com
OceanFirst Financial Corp. (OCFC) Q1 2024 Earnings Call Transcript
OceanFirst Financial Corp. (NASDAQ:OCFC ) Q1 2024 Earnings Conference Call April 19, 2024 11:00 AM ET Company Participants Alfred Goon - Senior Vice President, Corporate Development and Investor Relations Christopher Maher - Chairman and Chief Executive Officer Joe Lebel - President and Chief Operating Officer Pat Barrett - Executive Vice President and Chief Financial Officer Conference Call Participants Frank Schiraldi - Piper Sandler Tim Switzer - KBW Daniel Tamayo - Raymond James David Bishop - Hovde Group Christopher Marinac - JMS Matthew Breese - Stephens, Inc. Manuel Navas - D.A. Davidson Operator Good morning.
OceanFirst Financial Corp. (OCFC) Q1 2024 Earnings Call Transcript
OceanFirst Financial Corp. (NASDAQ:OCFC ) Q1 2024 Earnings Conference Call April 19, 2024 11:00 AM ET Company Participants Alfred Goon - Senior Vice President, Corporate Development and Investor Relations Christopher Maher - Chairman and Chief Executive Officer Joe Lebel - President and Chief Operating Officer Pat Barrett - Executive Vice President and Chief Financial Officer Conference Call Participants Frank Schiraldi - Piper Sandler Tim Switzer - KBW Daniel Tamayo - Raymond James David Bishop - Hovde Group Christopher Marinac - JMS Matthew Breese - Stephens, Inc. Manuel Navas - D.A. Davidson Operator Good morning.
04/18 19:01 EST - zacks.com
OceanFirst (OCFC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for OceanFirst (OCFC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
OceanFirst (OCFC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for OceanFirst (OCFC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
04/18 18:30 EST - zacks.com
OceanFirst Financial (OCFC) Tops Q1 Earnings and Revenue Estimates
OceanFirst Financial (OCFC) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.55 per share a year ago.
OceanFirst Financial (OCFC) Tops Q1 Earnings and Revenue Estimates
OceanFirst Financial (OCFC) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.55 per share a year ago.
04/18 16:15 EST - globenewswire.com
OceanFirst Financial Corp. Announces First Quarter Financial Results
RED BANK, N.J., April 18, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:O CFC) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), announced net income available to common stockholders of $27.7 million, or $0.47 per diluted share, for the quarter ended March 31, 2024, an increase from $26.9 million, or $0.46 per diluted share, for the corresponding prior year period, and $26.7 million, or $0.46 per diluted share, for the prior linked quarter. Selected performance metrics are as follows (refer to “Selected Quarterly Financial Data” for additional information):
OceanFirst Financial Corp. Announces First Quarter Financial Results
RED BANK, N.J., April 18, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:O CFC) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), announced net income available to common stockholders of $27.7 million, or $0.47 per diluted share, for the quarter ended March 31, 2024, an increase from $26.9 million, or $0.46 per diluted share, for the corresponding prior year period, and $26.7 million, or $0.46 per diluted share, for the prior linked quarter. Selected performance metrics are as follows (refer to “Selected Quarterly Financial Data” for additional information):
04/15 10:21 EST - zacks.com
Countdown to OceanFirst (OCFC) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
Beyond analysts' top -and-bottom-line estimates for OceanFirst (OCFC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.
Countdown to OceanFirst (OCFC) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
Beyond analysts' top -and-bottom-line estimates for OceanFirst (OCFC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.
03/21 10:30 EST - seekingalpha.com
OceanFirst Financial: The 7.1% Fixed-To-Floating Preferred Remains Very Attractive
OceanFirst Financial is a regional bank headquartered in New Jersey with a strong focus on three states. The bank's preferred shares have well-covered dividends and are expected to continue increasing in value towards the $25 call price. The bank's common shares are currently trading at a discount to tangible book value and have a low earnings multiple, making them an attractive investment option.
OceanFirst Financial: The 7.1% Fixed-To-Floating Preferred Remains Very Attractive
OceanFirst Financial is a regional bank headquartered in New Jersey with a strong focus on three states. The bank's preferred shares have well-covered dividends and are expected to continue increasing in value towards the $25 call price. The bank's common shares are currently trading at a discount to tangible book value and have a low earnings multiple, making them an attractive investment option.
02/28 15:34 EST - globenewswire.com
OceanFirst Financial Corp. to Present at the Raymond James & Associates' 45th Annual Institutional Investors Conference on March 4-6, 2024
RED BANK, N.J., Feb. 28, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), announced today that Management will present and meet with investors during the Raymond James & Associates' 45th Annual Institutional Investors Conference on March 4-6, 2024.
OceanFirst Financial Corp. to Present at the Raymond James & Associates' 45th Annual Institutional Investors Conference on March 4-6, 2024
RED BANK, N.J., Feb. 28, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), announced today that Management will present and meet with investors during the Raymond James & Associates' 45th Annual Institutional Investors Conference on March 4-6, 2024.
01/19 14:32 EST - seekingalpha.com
OceanFirst Financial Corp. (OCFC) Q4 2023 Earnings Call Transcript
OceanFirst Financial Corp. (OCFC) Q4 2023 Earnings Call Transcript
OceanFirst Financial Corp. (OCFC) Q4 2023 Earnings Call Transcript
OceanFirst Financial Corp. (OCFC) Q4 2023 Earnings Call Transcript