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.
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 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
8-K
Regulation FD Disclosure
26 Jan 24
8-K
Announces Quarterly and Annual
18 Jan 24
10-Q
2023 Q3
Quarterly report
7 Nov 23
8-K
Regulation FD Disclosure
31 Oct 23
Transcripts
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 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
OCFC
Earnings call transcript
2022 Q1
29 Apr 22
OCFC
Earnings call transcript
2021 Q4
28 Jan 22
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
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Operating income | |||||
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Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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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) | 408.88 mm | 408.88 mm | 408.88 mm | 408.88 mm | 408.88 mm | 408.88 mm |
Cash burn (monthly) | 16.29 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 110.94 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 297.95 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 18.3 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
69.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 183 |
Opened positions | 22 |
Closed positions | 11 |
Increased positions | 66 |
Reduced positions | 63 |
13F shares | Current |
---|---|
Total value | 586.44 bn |
Total shares | 41.50 mm |
Total puts | 4.10 k |
Total calls | 207.50 k |
Total put/call ratio | 0.0 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 8.01 mm | $115.96 bn |
Vanguard | 3.30 mm | $47.68 bn |
Dimensional Fund Advisors | 3.15 mm | $45.52 bn |
JPM JPMorgan Chase & Co. | 1.93 mm | $27.91 bn |
GW&K Investment Management | 1.75 mm | $25.28 bn |
STT State Street | 1.58 mm | $22.89 bn |
Boston Partners | 1.39 mm | $19.66 bn |
Nuveen Asset Management | 1.29 mm | $18.65 bn |
Geode Capital Management | 1.28 mm | $18.50 bn |
IVZ Invesco | 1.23 mm | $17.87 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
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 |
28 Feb 24 | Jack M. Farris | Common Stock | Grant | Acquire A | No | No | 0 | 3,354 | 0.00 | 16,859 |
News
Keefe, Bruyette & Woods Reiterates Outperform on OceanFirst Financial, Lowers Price Target to $19
22 Apr 24
Stephens & Co. Reiterates Equal-Weight on OceanFirst Financial, Maintains $20 Price Target
19 Apr 24
OceanFirst Financial Q1 Adj $0.44 Beats $0.41 Estimate, Sales $86.22M Miss $87.40M Estimate
18 Apr 24
Earnings Scheduled For April 18, 2024
18 Apr 24
Real Estate, Regional Bank Stocks Tank, Energy Cushions The Blow: March Inflation Rates Shake Up Sectors
10 Apr 24