OceanFirst Financial Corp.'s subsidiary, OceanFirst Bank N.A., founded in 1902, is a $10.2 billion regional bank operating throughout New Jersey, metropolitan Philadelphia and metropolitan New York City. OceanFirst Bank delivers commercial and residential financing solutions, trust and asset management and deposit services and is one of the largest and oldest community-based financial institutions headquartered in New Jersey.

Company profile
Ticker
OCFC, OCFCP
Exchange
Website
CEO
Christopher D. Maher
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
OCEAN FINANCIAL CORP
SEC CIK
Corporate docs
IRS number
223412577
OCFC stock data
Press releases
OceanFirst Financial Corp. Announces Second Quarter Financial Results
28 Jul 22
OceanFirst Financial Corp. Declares Quarterly Cash Dividend for Series A Preferred Stock
19 Jul 22
OceanFirst Financial Corp. Schedules Earnings Conference Call
29 Jun 22
OceanFirst Bank Publishes First ESG Report
24 May 22
Calendar
4 Aug 22
13 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 189.06M | 189.06M | 189.06M | 189.06M | 189.06M | 189.06M |
Cash burn (monthly) | 7.37M | 76.84M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 10.74M | 111.98M | n/a | n/a | n/a | n/a |
Cash remaining | 178.31M | 77.08M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 24.2 | 1.0 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 Aug 22 | Michael D Devlin | Common Stock, par value $0.01 per share | Sell | Dispose S | No | No | 20.61 | 60,000 | 1.24M | 52,114 |
24 Jun 22 | Patrick Sean Barrett | Common Stock | Buy | Acquire P | No | No | 18.91 | 10,500 | 198.56K | 20,508 |
17 May 22 | Joseph Lebel III | Series A Redeemable Preferred Stock | Buy | Acquire P | No | No | 25.1344 | 1,000 | 25.13K | 2,000 |
13 May 22 | Nicos Katsoulis | Common Stock | Buy | Acquire P | No | No | 18.99 | 2,000 | 37.98K | 20,086 |
Institutional ownership, Q1 2022
70.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 189 |
Opened positions | 21 |
Closed positions | 12 |
Increased positions | 68 |
Reduced positions | 63 |
13F shares | Current |
---|---|
Total value | 3.05B |
Total shares | 41.59M |
Total puts | 27.9K |
Total calls | 2.1K |
Total put/call ratio | 13.3 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 5.1M | $102.55M |
Vanguard | 3.03M | $60.84M |
Dimensional Fund Advisors | 2.9M | $58.35M |
GS Goldman Sachs | 1.83M | $36.82M |
GW&K Investment Management | 1.78M | $35.77M |
Endeavour Capital Advisors | 1.75M | $35.2M |
STT State Street | 1.74M | $35.02M |
Hood River Capital Management | 1.41M | $28.38M |
JPM JPMorgan Chase & Co. | 1.35M | $27.08M |
IVZ Invesco | 1.11M | $22.36M |
Content analysis
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Readability |
H.S. sophomore Avg
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New words:
beneficiary, breach, cooling, failure, increasingly, infrastructure, laddered, line, mix, modestly, ownership, robust, runoff, variable, VIE, volatility, wholesale, widening
Removed:
abated, accelerated, Aid, ATM, CBNJ, charge, comply, controlled, CRRSA, cyber, decline, deferral, demonstrate, depend, dynamic, economy, enacted, forbearance, governmental, grow, health, heavily, honor, impairing, implemented, legislation, limiting, local, modification, national, negatively, number, online, outbreak, overdraft, platform, problem, public, receive, reduced, relief, remotely, resiliency, resolution, response, resume, social, Supplemental, temporary, TRCB, unpaid, updated, working
Financial reports
Current reports
8-K
Announces Second Quarter
28 Jul 22
8-K
Declares Quarterly Cash Dividend for
19 Jul 22
8-K
Departure of Directors or Certain Officers
31 May 22
8-K
Announces First Quarter
28 Apr 22
8-K
Declares Quarterly Cash Dividend for
19 Apr 22
8-K
Departure of Directors or Certain Officers
25 Mar 22
8-K
Departure of Directors or Certain Officers
17 Mar 22
8-K/A
Changes in Registrant's Certifying Accountant
3 Mar 22
8-K
Departure of Directors or Certain Officers
11 Feb 22
8-K
Announces Acquisition of
3 Feb 22
Registration and prospectus
424B3
Prospectus supplement
18 Jan 22
S-4/A
Registration of securities issued in business combination transactions (amended)
14 Jan 22
S-4
Registration of securities issued in business combination transactions
23 Dec 21
425
Business combination disclosure
4 Nov 21
425
Business combination disclosure
4 Nov 21
425
Business combination disclosure
4 Nov 21
425
Business combination disclosure
4 Nov 21
S-8
Registration of securities for employees
24 Jun 21
S-8
Registration of securities for employees
28 Jul 20
8-A12B
Registration of securities on exchange
7 May 20
Other
UPLOAD
Letter from SEC
10 May 22
CORRESP
Correspondence with SEC
9 May 22
UPLOAD
Letter from SEC
18 Apr 22
EFFECT
Notice of effectiveness
19 Jan 22
CORRESP
Correspondence with SEC
13 Jan 22
UPLOAD
Letter from SEC
28 Dec 21
CERT
Certification of approval for exchange listing
7 May 20
EFFECT
Notice of effectiveness
4 Nov 19
CORRESP
Correspondence with SEC
30 Oct 19
EFFECT
Notice of effectiveness
30 Oct 19
Ownership
4
OCEANFIRST FINANCIAL / Michael D Devlin ownership change
3 Aug 22
4
OCEANFIRST FINANCIAL / Patrick Sean Barrett ownership change
28 Jun 22
11-K
Annual report of employee stock purchases
16 Jun 22
3
OCEANFIRST FINANCIAL / Patrick Sean Barrett ownership change
3 Jun 22
4
OCEANFIRST FINANCIAL / Joseph Lebel III ownership change
18 May 22
4
OCEANFIRST FINANCIAL / Nicos Katsoulis ownership change
13 May 22
4
OCEANFIRST FINANCIAL / Patricia Lynne Turner ownership change
13 May 22
4
OCEANFIRST FINANCIAL / Nicos Katsoulis ownership change
10 Mar 22
4
OCEANFIRST FINANCIAL / MICHELE B ESTEP ownership change
9 Mar 22
4
OCEANFIRST FINANCIAL / ANTHONY GIORDANO III ownership change
9 Mar 22
Transcripts
2022 Q2
Earnings call transcript
29 Jul 22
2022 Q1
Earnings call transcript
29 Apr 22
2021 Q4
Earnings call transcript
28 Jan 22
2021 Q3
Earnings call transcript
29 Oct 21
2021 Q2
Earnings call transcript
1 Aug 21
2021 Q1
Earnings call transcript
2 May 21
2020 Q4
Earnings call transcript
29 Jan 21
2020 Q3
Earnings call transcript
1 Nov 20
2020 Q3
Earnings call transcript
1 Nov 20
2020 Q3
Earnings call transcript
1 Nov 20
Reddit threads
Daily Discussion Thread - August 5th, 2022
5 Aug 22
Daily Discussion Thread - July 28th, 2022
28 Jul 22
Daily Discussion Thread - July 27th, 2022
27 Jul 22
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
Daily Discussion Thread - May 6th, 2022
6 May 22
Daily Discussion Thread - May 5th, 2022
5 May 22
Daily Discussion Thread - April 28th, 2022
28 Apr 22
Daily Discussion Thread - April 27th, 2022
27 Apr 22
Daily Discussion Thread - April 26th, 2022
26 Apr 22