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OceanFirst Financial Corp. (NASDAQ:OCFC)
18.15 USD
-0.450 2.419%| Previous Close (in USD) | 18.6 |
|---|---|
| Change | -0.450 2.419% |
| 52 W H/L (in USD) | 21.375/13.398 |
| EBITDA (in USD) | -- |
| PE Ratio | 11.47 |
| Volume | 856462 |
| Diluted Eps TTM | 1.53 |
| Total Assets (in USD) | 13421.247M |
|---|---|
| Total Liabilities (in USD) | 11718.49M |
| Revenue TTM (in USD) | 369.879M |
| Cash (in USD) | 123.615M |
| Market Cap (in USD) | 1,024.630 M |
| Revenue Per Share TTM | 6.364 |
| Gross Profit TTM (in USD) | 369.879M |
Summary
Income Statement
Balance Sheet
Change in Cash
Operating Cash
Dividend Paid
OceanFirst Financial Corp
OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services to retail and commercial customers in the United States. The company accepts deposit products, such as money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits, including brokered deposits. It also offers commercial real estate, multi-family, land loans, construction, and commercial and industrial loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; and consumer loans, such as home equity loans and lines of credit, student loans, loans on savings accounts, overdraft line of credit, and other consumer loans. In addition, the company invests in mortgage-backed securities, securities issued by the U.S. government and agencies, corporate securities, and other investments; and provides bankcard, trust and fiduciary, asset management services, as well as bank owned life insurance products. The company was founded in 1902 and is headquartered in Toms River, New Jersey.
975 Hooper Avenue, Toms River, NJ, United States, 08753-8320
888 623 2633
Employees: 975
Key Executives
| Sr. No. | Name | Title | Year Born |
|---|---|---|---|
| 1. | Mr. Christopher D. Maher | Chairman & CEO | 1967 |
| 2. | Mr. Joseph J. Lebel III | Pres, COO & Director | 1962 |
| 3. | Mr. Steven J. Tsimbinos Esq. | Exec. VP, Gen. Counsel & Corp. Sec. | 1970 |
| 4. | Ms. Michele B. Estep | EVP and Chief Admin. Officer of OceanFirst Bank, N.A. | 1970 |
| 5. | Mr. Patrick S. Barrett | CFO & Exec. VP | 1964 |
| 6. | Ms. Angela K. Ho | Sr. VP & Chief Accounting Officer | 1984 |
| 7. | Mr. Karthik Sridharan | Exec. VP & Chief Information Officer | 1970 |
| 8. | Ms. Jill Apito Hewitt | Sr. VP & Investor Relations Officer | 1965 |
| 9. | Ms. Grace M. Vallacchi | Exec. VP & Chief Risk Officer | 1964 |
| 10. | Mr. Anthony Giordano III | Exec. VP & Chief of Banking Operations | 1966 |
Peers
Sector: Financial Services
Industry: Banks - Regional
| Company | Change (USD) | Price (USD) | Trailing PE(x) | Forward PE(x) | Price Sales TTM(x) | Price to Book Value(x) | Enterprise Value to Revenue(x) | Enterprise Value to EBITDA(x) |
|
HDB
HDFC Bank Limited ADR |
+0.570 2.358% | 24.52 | 20.810 | 20.964 | 0.108 | 4.772 | 0.000 | 0.000 |
|
CIHKY
China Merchants Bank Co Ltd |
+0.290 0.921% | 31.845 | 7.780 | 7.645 | 0.562 | 0.901 | 3.617 | 0.000 |
|
DBSDF
DBS Group Holdings Ltd |
+1.560 3.192% | 51.17 | 15.290 | 14.409 | 5.843 | 2.364 | 10.400 | 0.000 |
|
CIHHF
China Merchants Bank Co Ltd Class H |
0.000 0.000% | 6.08 | 6.100 | 5.672 | 0.439 | 0.765 | 3.426 | 0.000 |
Income Statement
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Income Before Tax | 193.922M | 142.241M | 81.042M | 107.358M | 85.502M |
| Minority Interest | -0.754M | - | - | - | - |
| Net Income | 146.603M | 110.076M | 63.309M | 88.574M | 71.932M |
| Selling General Administrative | 139.274M | 147.739M | 136.493M | 106.953M | 100.134M |
| Gross Profit | 388.165M | 310.653M | 322.059M | 252.334M | 231.377M |
| Reconciled Depreciation | 4.718M | 5.453M | 14.639M | 12.39M | 12.517M |
| Ebit | 246.866M | 142.241M | 81.042M | 107.358M | 130.36M |
| Ebitda | 251.584M | 147.694M | 87.228M | 111.385M | 134.171M |
| Depreciation And Amortization | 4.718M | 5.453M | 6.186M | 4.027M | 3.811M |
| Operating Income | 246.866M | 142.241M | 81.042M | 107.358M | 121.654M |
| Other Operating Expenses | 234.881M | -209.846M | -286.12M | -184.822M | 149.466M |
| Interest Expense | 53.698M | 36.754M | 66.657M | 52.823M | 36.152M |
| Tax Provision | 46.565M | 32.165M | 17.733M | 18.784M | 13.57M |
| Interest Income | 431.175M | 342.092M | 379.608M | 308.794M | 276.654M |
| Net Interest Income | 377.477M | 305.338M | 312.951M | 255.971M | 240.502M |
| Income Tax Expense | 46.565M | 32.165M | 17.733M | 18.784M | 13.57M |
| Total Revenue | 431.6M | 352.087M | 367.162M | 292.18M | 271.12M |
| Total Operating Expenses | 234.881M | -209.846M | -286.12M | -184.822M | -149.466M |
| Cost Of Revenue | 43.435M | 41.434M | 45.103M | 39.846M | 39.743M |
| Total Other Income Expense Net | -52.944M | 142.256M | 81.007M | 107.688M | -36.152M |
| Net Income From Continuing Ops | 147.357M | 110.076M | 63.309M | 88.574M | 71.932M |
| Net Income Applicable To Common Shares | 142.587M | 106.06M | 61.212M | 88.574M | 71.932M |
Balance Sheet
(Currency in USD)| Breakdown | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 |
|---|---|---|---|---|---|
| Total Assets | 13421.247M | 13538.253M | 13103.896M | 11739.616M | 11448.313M |
| Intangible Assets | 12.68M | 9.513M | 13.497M | 18.215M | 23.668M |
| Other Current Assets | - | 205.62M | 48.113M | 8480.841M | 8098.893M |
| Total Liab | 11718.49M | 11876.308M | 11518.432M | 229.141M | 235.471M |
| Total Stockholder Equity | 1701.65M | 1661.163M | 1584.662M | 1516.553M | 1484.13M |
| Other Current Liab | 2918.379M | 4977.054M | 9675.206M | 9732.816M | 9427.616M |
| Common Stock | 0.613M | 0.613M | 0.612M | 0.611M | 0.609M |
| Capital Stock | 0.614M | 0.614M | 0.613M | 0.612M | 0.61M |
| Retained Earnings | 641.727M | 592.542M | 540.507M | 442.306M | 378.268M |
| Good Will | 523.308M | 506.146M | 506.146M | 500.319M | 500.319M |
| Other Assets | 1717.545M | - | 10006.427M | 8480.841M | 8098.893M |
| Cash | 123.615M | 153.718M | 167.946M | 204.949M | 1272.134M |
| Cash And Equivalents | - | - | - | - | - |
| Total Current Liabilities | 2918.379M | 5299.318M | 9675.206M | 1139.193M | 9427.616M |
| Current Deferred Revenue | - | - | - | - | - |
| Net Debt | 1075.417M | 984.54M | 1238.623M | 24.192M | -1036.663M |
| Short Term Debt | - | 322.264M | - | 1139.193M | - |
| Short Long Term Debt | - | - | - | - | - |
| Short Long Term Debt Total | 1199.032M | 1138.258M | 1406.569M | 229.141M | 235.471M |
| Other Stockholder Equity | 1075.162M | 1092.649M | 1079.524M | 1076.456M | 1104.631M |
| Property Plant Equipment | - | - | 2.719M | 125.828M | 5.782M |
| Total Current Assets | 11052.458M | 205.62M | 670.298M | 805.81M | 1490.705M |
| Long Term Investments | 1957.479M | 2013.79M | 1780.823M | 1808.603M | 1120.661M |
| Short Term Investments | 827.5M | 753.892M | 457.648M | 568.255M | 183.302M |
| Net Receivables | 10101.343M | 51.874M | 44.704M | 32.606M | 35.269M |
| Long Term Debt | 1197.611M | 972.771M | 1406.569M | 229.141M | 235.471M |
| Inventory | - | -205.592M | - | 0.106M | 0.106M |
| Accounts Payable | - | - | 9675.206M | 9732.816M | 9427.616M |
| Accumulated Other Comprehensive Income | -15.853M | -24.642M | -35.982M | -2.821M | 0.621M |
| Non Currrent Assets Other | -1957.479M | 339.432M | -2427.171M | -2452.965M | -1858.715M |
| Non Current Assets Total | 651.244M | 13332.633M | 2427.171M | 2452.965M | 1858.715M |
| Capital Lease Obligations | 1.421M | 1.685M | 1.934M | 1.904M | - |
| Long Term Debt Total | - | - | 195.403M | 229.141M | 235.471M |
Cash Flow
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Investments | -122.384M | -584.706M | -213.162M | -191.179M | 35.366M |
| Total Cashflows From Investing Activities | -1321.008M | -1477.842M | -22.169M | -172.122M | 48.553M |
| Total Cash From Financing Activities | 1013.76M | 223.993M | 1074.948M | 82.773M | -128.389M |
| Net Income | 147.357M | 110.076M | 63.309M | 88.574M | 71.932M |
| Change In Cash | -56.798M | -1093.877M | 1185.435M | 10.898M | 11.179M |
| Begin Period Cash Flow | 224.784M | 1318.661M | 133.226M | 122.328M | 109.613M |
| End Period Cash Flow | 167.986M | 224.784M | 1318.661M | 133.226M | 120.792M |
| Total Cash From Operating Activities | 250.45M | 159.972M | 132.656M | 100.247M | 92.551M |
| Depreciation | 16.478M | 14.882M | 14.732M | 12.432M | 12.615M |
| Other Cashflows From Investing Activities | -1177.728M | 11.811M | 205.721M | 24.132M | 24.865M |
| Dividends Paid | -47.511M | -44.51M | -42.917M | -34.241M | 29.564M |
| Change To Inventory | - | - | - | - | - |
| Sale Purchase Of Stock | -7.396M | -36.059M | -14.814M | -26.066M | -10.837M |
| Other Cashflows From Financing Activities | 1103.771M | -84.456M | -4.887M | -3.04M | -0.385M |
| Capital Expenditures | 20.896M | 42.039M | 14.728M | 5.075M | 11.487M |
| Change In Working Capital | 79.775M | -6.363M | 75.666M | -21.74M | 12.118M |
| Other Non Cash Items | -4.081M | 30.157M | -21.829M | -0.508M | -4.202M |
| Free Cash Flow | 229.554M | 117.933M | 117.928M | 95.172M | 81.064M |
Funds
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | Vanguard Total Stock Mkt Idx Inv | 1 year ago | 1748714 |
| 2. | iShares Russell 2000 ETF | 1 year ago | 1384488 |
| 3. | Avantis US Small Cap Value ETF | 1 year ago | 1111786 |
| 4. | BlackRock Advantage Small Cap Core Instl | 1 year ago | 964993 |
| 5. | Vanguard Institutional Extnd Mkt Idx Tr | 1 year ago | 902058 |
| 6. | DFA US Small Cap Value I | 1 year ago | 691868 |
| 7. | Invesco Main Street Small Cap R6 | 1 year ago | 689371 |
| 8. | Invesco Small Cap Core | 1 year ago | 689371 |
| 9. | Glenmede Small Cap Equity Adv | 1 year ago | 668566 |
| 10. | Glenmede Small Cap Equity | 1 year ago | 668566 |
| 11. | Fidelity Small Cap Index | 1 year ago | 567872 |
| 12. | Royce Small-Cap Quality Value Composite | 1 year ago | 565151 |
| 13. | Royce Small-Cap Total Return Invmt | 1 year ago | 565151 |
| 14. | iShares Russell 2000 Value ETF | 1 year ago | 553116 |
| 15. | Foundry Partners Micro Cap Value | 1 year ago | 428750 |
| 16. | DFA US Targeted Value I | 1 year ago | 418270 |
| 17. | Columbia Focused Small Cap Value | 1 year ago | 395364 |
| 18. | Columbia Select Small Cap Value A | 1 year ago | 395364 |
| 19. | State St Russell Sm/Mid Cp® Indx SL Cl I | 1 year ago | 357348 |
| 20. | SPDR® S&P Regional Banking ETF | 1 year ago | 347140 |
Institutions
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | BlackRock Inc | 1 year ago | 8084384 |
| 2. | Vanguard Group Inc | 1 year ago | 3516177 |
| 3. | Dimensional Fund Advisors, Inc. | 1 year ago | 3270086 |
| 4. | State Street Corp | 1 year ago | 1722990 |
| 5. | Amvescap Plc. | 1 year ago | 1675259 |
| 6. | GW&K Investment Management, LLC | 1 year ago | 1423527 |
| 7. | Geode Capital Management, LLC | 1 year ago | 1402243 |
| 8. | American Century Companies Inc | 1 year ago | 1326378 |
| 9. | Wellington Management Company LLP | 1 year ago | 1072375 |
| 10. | Royce & Associates, LP | 1 year ago | 1026099 |
| 11. | JPMorgan Chase & Co | 1 year ago | 1002994 |
| 12. | Systematic Financial Management LP | 1 year ago | 964646 |
| 13. | Nuveen Asset Management, LLC | 1 year ago | 773483 |
| 14. | Endeavour Capital Advisors Inc | 1 year ago | 755528 |
| 15. | Hotchkis & Wiley Capital Management LLC | 1 year ago | 733610 |
| 16. | Ameriprise Financial Inc | 1 year ago | 700247 |
| 17. | Mesirow Institutional Investment Management, Inc. | 1 year ago | 697788 |
| 18. | Charles Schwab Investment Management Inc | 1 year ago | 632186 |
| 19. | AQR Capital Management LLC | 1 year ago | 577501 |
| 20. | Northern Trust Corp | 1 year ago | 553363 |
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