OCFC: OceanFirst Financial Corp. - Summary | Jitta

OceanFirst Financial Corp.

NASDAQ:OCFC

Price
$21.01
Loss Chance
41.9%
6.32JITTA SCORE
21.68%Over Jitta Line
Jitta Ranking
217 / 328
364 / 738
934 / 4,522
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HISTORICAL JITTA SCORE
Jitta Factors
Growth Opportunity (50)
Recent Business Performance (54)
Financial Strength (96)
Return to Shareholders (32)
Competitive Advantage (62)
Jitta Signs
Dividend PayoutIncreasing Every Year
SG&A to SalesDecreasing
Total DepositConsistent Growth
Loan to DepositHigh Efficiency
Net Interest MarginEfficiency
Revenue and EarningRevenue decline from 2017-2020
Operating MarginDeclined
Recent Business PerformanceEarning decline 18.35% in the last year
New Share IssuedMore than 50% in 5 years
Key Stats
Jitta Score
Jitta Line
6.32
21.68%
6.42
> 1,000%
5.49
831.89%
Regional Banks
7.94
41.43%
7.77
29.87%
8.42
26.68%
COMPANY DESCRIPTION
OceanFirst Financial Corp. operates as the bank 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, 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, 2020, the company operated through its branch office in Toms River; administrative/branch office located in Red Bank; 61 additional branch offices and six 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, and Mercer Counties in New Jersey. OceanFirst Financial Corp. was founded in 1902 and is based in Red Bank, New Jersey.