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OceanFirst Financial (OCFC)

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
NASDAQ
Website
oceanfirst.com
CEO
Christopher D. Maher
Employees
Incorporated
Delaware
Location
New Jersey
Fiscal year end
Dec 31
Sector
Finance and Insurance > Savings Institutions
Industry (SIC)
Savings Institution, Federally Chartered
E Trade Financial • People's United Financial • Flagstar Bancorp • BankUnited • Umpqua • TFS Financial • Eastern Bankshares • Capitol Federal Financial • Provident Financial Services • Columbia Financial ...
Former names
OCEAN FINANCIAL CORP
SEC CIK
0001004702
Corporate docs
IRS number
223412577

OCFC stock data

News

From Benzinga Pro
OceanFirst Financial: Q2 Earnings Insights
28 Jul 22
OceanFirst Financial (NASDAQ:OCFC) reported its Q2 earnings results on Thursday, July 28, 2022 at 04:30 PM. Here's what investors need to know about the announcement.
OceanFirst Financial Q2 EPS $0.59 Beats $0.55 Estimate
28 Jul 22
OceanFirst Financial (NASDAQ:OCFC) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $0.55 by 7.27 percent. This is a 20.41 percent increase over earnings of $0.49 per share from
Earnings Scheduled For July 28, 2022
28 Jul 22
Companies Reporting Before The Bell • ArcelorMittal (NYSE:MT) is estimated to report earnings for its second quarter.
Earnings Preview: OceanFirst Financial
27 Jul 22
Stocks That Hit 52-Week Lows On Thursday
14 Jul 22

Press releases

From Benzinga Pro
OceanFirst Financial Corp. Announces Second Quarter Financial Results
28 Jul 22
RED BANK, N.J., July 28, 2022 (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
OceanFirst Financial Corp. Declares Quarterly Cash Dividend for Series A Preferred Stock
19 Jul 22
RED BANK, N. J., July 19, 2022 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:"OCFC"), (the "Company"), announced that its Board of Directors has declared a quarterly cash dividend of $0.4375 per share for
OceanFirst Financial Corp. Schedules Earnings Conference Call
29 Jun 22
RED BANK, N.J., June 29, 2022 (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 June
OceanFirst Bank Publishes First ESG Report
24 May 22

Calendar

4 Aug 22
13 Aug 22
31 Dec 22

Financial summary

Financial statements Chart OCFC financial data
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

OCFC insider ownership history Insider history
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
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

OCFC institutional ownership history Ownership history
70.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 189 180 +5.0%
Opened positions 21 28 -25.0%
Closed positions 12 22 -45.5%
Increased positions 68 59 +15.3%
Reduced positions 63 63 –
13F shares Current Prev Q Change
Total value 3.05B 1.27B +140.0%
Total shares 41.59M 41.21M +0.9%
Total puts 27.9K 10K +179.0%
Total calls 2.1K 0 NEW
Total put/call ratio 13.3 Infinity NaN%
Largest owners Shares Value Change
BLK Blackrock 5.1M $102.55M -0.9%
Vanguard 3.03M $60.84M +3.2%
Dimensional Fund Advisors 2.9M $58.35M +3.8%
GS Goldman Sachs 1.83M $36.82M -11.6%
GW&K Investment Management 1.78M $35.77M -0.3%
Endeavour Capital Advisors 1.75M $35.2M +2.1%
STT State Street 1.74M $35.02M +3.0%
Hood River Capital Management 1.41M $28.38M +75.8%
JPM JPMorgan Chase & Co. 1.35M $27.08M +89.1%
IVZ Invesco 1.11M $22.36M +2.8%
Largest transactions Shares Bought/sold Change
JPM JPMorgan Chase & Co. 1.35M +634.98K +89.1%
Hood River Capital Management 1.41M +608.85K +75.8%
Emerald Advisers 523.33K -506.16K -49.2%
Victory Capital Management 80.99K -288.25K -78.1%
Deprince Race & Zollo 412.01K -266.84K -39.3%
GS Goldman Sachs 1.83M -240.68K -11.6%
Emerald Mutual Fund Advisers Trust 282.9K -223.57K -44.1%
Royce & Associates 0 -165.09K EXIT
Susquehanna International 173.61K +159.32K +1115.3%
Bridgeway Capital Management 378.72K +119.5K +46.1%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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
From filing 10-Q 2022 Q2
Financial reports
View all
10-Q
2022 Q2
Quarterly report
4 Aug 22
10-Q
2022 Q1
Quarterly report
4 May 22
10-K
2021 FY
Annual report
25 Feb 22
10-Q
2021 Q3
Quarterly report
4 Nov 21
10-Q
2021 Q2
Quarterly report
5 Aug 21
10-Q
2021 Q1
Quarterly report
6 May 21
10-K
2020 FY
Annual report
1 Mar 21
10-Q
2020 Q3
Quarterly report
6 Nov 20
10-Q
2020 Q2
Quarterly report
10 Aug 20
10-Q
2020 Q1
Quarterly report
11 May 20
Current reports
View all
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
View all
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
Proxies
View all
DEFA14A
Additional proxy soliciting materials
6 May 22
DEF 14A
Definitive proxy
26 Apr 22
DEF 14A
Definitive proxy
20 Apr 21
DEFA14A
Additional proxy soliciting materials
12 May 20
DEFA14A
Additional proxy soliciting materials
6 May 20
DEF 14A
Definitive proxy
22 Apr 20
DEF 14A
Definitive proxy
26 Apr 19
DEF 14A
Definitive proxy
25 Apr 18
PRE 14A
Preliminary proxy
1 Apr 18
DEF 14A
Definitive proxy
25 Apr 17
Other
View all
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
View all
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

View all
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

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