Insider Chart Past 6 Months
Technical Chart
Filings by transaction date
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Mar 05, 2024 (filed on Mar 07, 2024)Insider Name:Estep Michele BOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:S - Open market or private sale# or value acquired/disposed of:-6,867Price:$14.94
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Mar 05, 2024 (filed on Mar 07, 2024)Insider Name:Lebel Joseph IIIOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:S - Open market or private sale# or value acquired/disposed of:-8,496Price:$14.93
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Mar 05, 2024 (filed on Mar 07, 2024)Insider Name:Maher ChristopherOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:S - Open market or private sale# or value acquired/disposed of:-10,713Price:$14.90
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Mar 05, 2024 (filed on Mar 07, 2024)Insider Name:Schaeffer BrianOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:S - Open market or private sale# or value acquired/disposed of:-1,747Price:$14.84
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Mar 05, 2024 (filed on Mar 07, 2024)Insider Name:Tsimbinos Steven JamesOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:S - Open market or private sale# or value acquired/disposed of:-4,687Price:$14.79
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Mar 05, 2024 (filed on Mar 07, 2024)Insider Name:Giordano Anthony IIIOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:S - Open market or private sale# or value acquired/disposed of:-1,980Price:$14.81
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Mar 05, 2024 (filed on Mar 07, 2024)Insider Name:Ho Angela KOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:S - Open market or private sale# or value acquired/disposed of:-685Price:$14.87
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Mar 01, 2024 (filed on Mar 01, 2024)Insider Name:Lebel Joseph IIIOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:D - Disposition to issuer under Rule 16b-3(e)# or value acquired/disposed of:-2,531Price:--
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Mar 01, 2024 (filed on Mar 01, 2024)Insider Name:Lebel Joseph IIIOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:D - Disposition to issuer under Rule 16b-3(e)# or value acquired/disposed of:-4,892Price:--
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Mar 01, 2024 (filed on Mar 01, 2024)Insider Name:Lebel Joseph IIIOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:D - Disposition to issuer under Rule 16b-3(e)# or value acquired/disposed of:-2,500Price:--
Filings by filing date
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Mar 05, 2024 (filed on Mar 07, 2024)Insider Name:Estep Michele BOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:S - Open market or private sale# or value acquired/disposed of:-6,867Price:$14.94
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Mar 05, 2024 (filed on Mar 07, 2024)Insider Name:Lebel Joseph IIIOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:S - Open market or private sale# or value acquired/disposed of:-8,496Price:$14.93
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Mar 05, 2024 (filed on Mar 07, 2024)Insider Name:Maher ChristopherOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:S - Open market or private sale# or value acquired/disposed of:-10,713Price:$14.90
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Mar 05, 2024 (filed on Mar 07, 2024)Insider Name:Schaeffer BrianOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:S - Open market or private sale# or value acquired/disposed of:-1,747Price:$14.84
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Mar 05, 2024 (filed on Mar 07, 2024)Insider Name:Tsimbinos Steven JamesOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:S - Open market or private sale# or value acquired/disposed of:-4,687Price:$14.79
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Mar 05, 2024 (filed on Mar 07, 2024)Insider Name:Giordano Anthony IIIOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:S - Open market or private sale# or value acquired/disposed of:-1,980Price:$14.81
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Mar 05, 2024 (filed on Mar 07, 2024)Insider Name:Ho Angela KOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:S - Open market or private sale# or value acquired/disposed of:-685Price:$14.87
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Mar 01, 2024 (filed on Mar 01, 2024)Insider Name:Lebel Joseph IIIOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:D - Disposition to issuer under Rule 16b-3(e)# or value acquired/disposed of:-2,531Price:--
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Mar 01, 2024 (filed on Mar 01, 2024)Insider Name:Lebel Joseph IIIOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:D - Disposition to issuer under Rule 16b-3(e)# or value acquired/disposed of:-4,892Price:--
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Mar 01, 2024 (filed on Mar 01, 2024)Insider Name:Lebel Joseph IIIOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:D - Disposition to issuer under Rule 16b-3(e)# or value acquired/disposed of:-2,500Price:--
News
Biz Brief
Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 975 Hooper Ave TOMS RIVER NJ 08753-8320 |
Tel: | 1-888-6232633 |
Website: | https://oceanfirst.com |
IR: | See website |
Key People | ||
Christopher D. Maher Chairman of the Board, President, Chief Executive Officer of the Company, Chairman and Chief Executive Officer of the Bank | Karthik Sridharan Chief Information Officer of the Bank | Patrick S. Barrett Chief Financial Officer, Executive Vice President |
Joseph J. Lebel Chief Operating Officer, Executive Vice President, Director | David Berninger Executive Vice President, Chief Risk Officer | Steven James Tsimbinos Executive Vice President, General Counsel, Corporate Secretary of the Company and the Bank |
Anthony Giordano Executive Vice President, Chief Banking Operations Officer | Patrick Chong Principal Accounting Officer | Angela K. Ho Chief Compliance Officer | Michele B. Estep Executive Vice President, Chief Administrative Officer of the Bank |
Business Overview |
OceanFirst Financial Corp. is a holding company for OceanFirst Bank N.A. (the Bank). The Bank is a full-service regional bank delivering financial products and services, which include commercial and consumer financing, deposit services, and wealth management products and services, throughout New Jersey and the metropolitan markets of Philadelphia, New York, Baltimore, and others. The Bank's commercial loans include multi-family and commercial real estate loans, commercial construction loans, and commercial and industrial loans. The Bank's primary sources of funds are deposits, principal and interest payments on loans and investments, and other borrowings. It also generates non-interest income such as income from bankcard services, trust and asset management products and services, deposit account services, and others. It operates approximately 37 branch offices, and deposit production facilities located throughout New Jersey and metropolitan area of New York City and Philadelphia. |
Financial Overview |
For the fiscal year ended 31 December 2023, OceanFirst Financial Corp. interest income increased 41% to $608M. Net interest income after loan loss provision decreased 5% to $352.1M. Net income applicable to common stockholders decreased 30% to $100M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % decrease of 10% to 3.02%, Net Interest Spread, Total - % decrease of 22% to 2.51%. |
Employees: | 857 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,065M as of Dec 31, 2023 |
Annual revenue (TTM): | $607.97M as of Dec 31, 2023 |
EBITDA (TTM): | $219.41M as of Dec 31, 2023 |
Net annual income (TTM): | $100.01M as of Dec 31, 2023 |
Free cash flow (TTM): | $65.28M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $115.89M as of Dec 31, 2023 |
Shares outstanding: | 58,953,536 as of Feb 20, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |