OCFC: OceanFirst Financial Corp. - Summary | Jitta

OceanFirst Financial Corp.

NASDAQ:OCFC

Price
$20.11
Loss Chance
42.9%
6.25JITTA SCORE
7.45%Under Jitta Line
Jitta Ranking
222 / 329
376 / 730
1,160 / 4,289
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HISTORICAL JITTA SCORE
Jitta Factors
Growth Opportunity (50)
Recent Business Performance (33)
Financial Strength (94)
Return to Shareholders (42)
Competitive Advantage (57)
Jitta Signs
Revenue and EarningConsistent Growth in the past 3 years
Operating MarginExpansion
Dividend PayoutIncreasing Every Year
SG&A to SalesDecreasing
Total DepositConsistent Growth
Net Interest MarginEfficiency
Recent Business PerformanceEarning decline 100.56% in the last quarter (yoy)
New Share IssuedMore than 50% in 5 years
Loan to DepositAggressive
Key Stats
Jitta Score
Jitta Line
6.25
7.45%
5.98
> 1,000%
5.21
952.19%
Regional Banks
7.17
52.69%
7.33
30.62%
7.57
37.76%
COMPANY DESCRIPTION
OceanFirst Financial Corp. operates as the holding company for OceanFirst Bank N.A. that provides community banking services. The company accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. It also offers commercial real estate, multi-family mortgage, land loans, construction, and commercial and industrial loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; consumer loans, such as home equity loans and lines of credit, student loans, overdraft line of credit, loans on savings accounts, and other consumer loans; and commercial and industrial loans, and lines of credit. In addition, the company invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments. Further, it offers bankcard, wealth management, and trust and asset management services; and sells alternative investment products and life insurance products. As of December 31, 2019 the company operated through its branch office in Toms River; administrative/branch office located in Red Bank; 54 additional branch offices and five deposit production facilities located throughout central and southern New Jersey; and commercial loan production offices in New York City, the Philadelphia area, as well as Atlantic, Cape May, and Mercer Counties in New Jersey. OceanFirst Financial Corp. was founded in 1902 and is based in Red Bank, New Jersey.