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

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
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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