OCEANFIRST FINANCIAL CORP (OCFC)
OceanFirst Financial Corp. operates as a savings and loan holding company, which engages in the provision of financial services. Its subsidiary OceanFirst Bank, offers commercial and residential financing solutions, wealth management, and deposit services. It has retail branches throughout the state and in metropolitan New York City along with loan production offices in New Jersey, New York City and Pennsylvania. The company is headquartered in Red Bank, NJ.
Address
975 HOOPER AVE
TOMS RIVER, NJ 08753-8396
Founded
1995
Number of Employees
920
Website
http://www.oceanfirst.com
Buyback
Buyback Data | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
---|---|---|---|---|---|---|---|---|---|---|---|---|
$ Amount Purchased ($ in 000s) |
$5,561 | $6,460 | - | - | - | - | - | $30,627 | $7,396 | - | $19,887 | $13,986 |
Average Price | $16.62 | $17.29 | - | - | - | - | - | $20.98 | $19.82 | - | $15.35 | $18.22 |
# Shares Purchased | 334,630 | 373,594 | - | - | - | - | - | 1,460,009 | 373,223 | - | 1,295,914 | 767,474 |
Buyback Performance | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Return to Date | 2.3% | -1.7% | - | - | - | - | - | -19.0% | -14.2% | - | 10.8% | -6.7% |
S&P 500 Return to Date | 181.9% | 173.0% | - | - | - | - | - | 31.7% | 37.3% | - | 7.4% | 86.2% |
Excess Total Return | -179.6% | -174.6% | - | - | - | - | - | -50.6% | -51.5% | - | 3.4% | -92.9% |
Quartile Rank |
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Percentile Rank | 31% | 32% | - | - | - | - | - | 32% | 33% | - | 62% | 38% |
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.
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