when oceanfirst bank opened in 1902, our founders believed in the future of our growing local community. they wanted to help their neighbors realize the dream of owning a home. just as we were there over a century ago, we're still here today, helping families throughout central and southern new jersey with all of their financial needs during every stage of life. children are learning the importance of saving with oceanfirst kidsavesmart accounts. newlyweds are buying a first home to start their families with an oceanfirst mortgage. families can finance the education of the next generation with a home equity line of credit. and people secure their future with oceanfirst accounts that help them to prepare for retirement. with branches conveniently located throughout central and southern new jersey, there's always an oceanfirst banking expert close by, ready to lend a hand and help you realize your dreams, during every stage of your life.
![OceanFirst Financial logo](/files/LOGO/1004702-OCFC.png)
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
Latest filings (excl ownership)
8-K
Announces Second Quarter
18 Jul 24
8-K
Submission of Matters to a Vote of Security Holders
28 May 24
8-K
Regulation FD Disclosure
17 May 24
10-Q
2024 Q1
Quarterly report
2 May 24
8-K
Announces First Quarter
18 Apr 24
ARS
2023 FY
Annual report to shareholders
11 Apr 24
DEFA14A
Additional proxy soliciting materials
11 Apr 24
DEF 14A
Definitive proxy
11 Apr 24
10-K
2023 FY
Annual report
23 Feb 24
8-K
Regulation FD Disclosure
14 Feb 24
Transcripts
OCFC
Earnings call transcript
2024 Q2
19 Jul 24
OCFC
Earnings call transcript
2024 Q1
19 Apr 24
OCFC
Earnings call transcript
2023 Q4
19 Jan 24
OCFC
Earnings call transcript
2023 Q3
20 Oct 23
OCFC
Earnings call transcript
2023 Q2
21 Jul 23
OCFC
Earnings call transcript
2023 Q2
21 Jul 23
OCFC
Earnings call transcript
2023 Q1
21 Apr 23
OCFC
Earnings call transcript
2022 Q4
20 Jan 23
OCFC
Earnings call transcript
2022 Q3
25 Oct 22
OCFC
Earnings call transcript
2022 Q2
29 Jul 22
Latest ownership filings
11-K
Annual report of employee stock purchases
29 May 24
4
Brian Schaeffer
8 May 24
4
MICHELE B ESTEP
7 Mar 24
4
Joseph Lebel III
7 Mar 24
4
Christopher Maher
7 Mar 24
4
Brian Schaeffer
7 Mar 24
4
Steven James Tsimbinos
7 Mar 24
4
ANTHONY GIORDANO III
7 Mar 24
4
Angela K Ho
7 Mar 24
4
Joseph Lebel III
1 Mar 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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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) | 130.42 mm | 130.42 mm | 130.42 mm | 130.42 mm | 130.42 mm | 130.42 mm |
Cash burn (monthly) | 7.77 mm | 30.48 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 30.02 mm | 117.86 mm | n/a | n/a | n/a | n/a |
Cash remaining | 100.40 mm | 12.57 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 12.9 | 0.4 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
67.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 184 |
Opened positions | 171 |
Closed positions | 2 |
Increased positions | 1 |
Reduced positions | 2 |
13F shares | Current |
---|---|
Total value | 589.81 bn |
Total shares | 39.44 mm |
Total puts | 1.30 k |
Total calls | 79.30 k |
Total put/call ratio | 0.0 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 7.75 mm | $127.15 bn |
Vanguard | 3.48 mm | $57.03 bn |
Dimensional Fund Advisors | 3.29 mm | $54.01 bn |
STT State Street | 1.76 mm | $28.83 bn |
GW&K Investment Management | 1.59 mm | $26.15 mm |
IVZ Invesco | 1.55 mm | $25.39 bn |
Nuveen Asset Management | 1.46 mm | $23.94 bn |
GS Goldman Sachs | 1.39 mm | $22.89 bn |
Boston Partners | 1.39 mm | $22.51 bn |
Geode Capital Management | 1.36 mm | $22.37 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 May 24 | Brian Schaeffer | Common Stock | Sell | Dispose S | No | No | 15.49 | 3,500 | 54.22 k | 41,868 |
5 Mar 24 | Brian Schaeffer | Common Stock | Sell | Dispose S | No | No | 14.84 | 1,747 | 25.93 k | 45,368 |
28 Feb 24 | John F Barros | Common Stock | Grant | Acquire A | No | No | 0 | 3,354 | 0.00 | 3,816 |
28 Feb 24 | Michael D Devlin | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 3,354 | 0.00 | 57,577 |
28 Feb 24 | Anthony R Coscia | Common Stock | Grant | Acquire A | No | No | 0 | 3,354 | 0.00 | 54,942 |
News
OceanFirst Financial Q2 2024 GAAP EPS $0.40 Misses $0.43 Estimate, Sales $82.300M Miss $85.459M Estimate
18 Jul 24
Forecasting The Future: 4 Analyst Projections For OceanFirst Financial
31 May 24
Keefe, Bruyette & Woods Downgrades OceanFirst Financial to Market Perform, Lowers Price Target to $18
31 May 24