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Profile - OceanFirst Financial (NasdaqNM:OCFC)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Financials | Reports
Recent Events
Aug 17Dividend payment of $0.21
Location
975 Hooper Avenue
Toms River, NJ 08753
Phone: (732) 240-4500
Fax: (732) 349-5070
Email: foristal@aol.com
Employees (last reported count): 346
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Free Annual Report
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: S&Ls/Savings Banks
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 55%
·Over the last 6 months:
 · 2 insider buys; 5,000  shares
 · 5 insider sells; 15.0K shares
  (0.3% of insider shares)
·Institutional: 56% (125% of float)
(115 institutions)
·Net Inst. Selling: 148.0K shares (+2.58%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
OceanFirst Financial was organized by the Board of Directors of OceanFirst Bank (the Bank) for the purpose of acquiring all of the capital stock of the Bank issued in connection with the Bank's conversion from mutual to stock form. The principal business has been, and continues to be, attracting retail deposits from the general public in the communities surrounding its branch offices. In addition, the Bank invests those deposits, together with funds generated from operations and borrowings, in single-family, owner-occupied residential mortgage loans within its market area. To a lesser extent, the Bank invests in commercial real estate, multi-family, construction, consumer and commercial loans. On August 18, 2000 the Bank acquired Columbia Equities, Ltd., a mortgage banking company, in a transaction accounted for as a purchase. At December 31, 2000, the Company had consolidated total assets of $1.6 billion and total equity of $157.7 million.
More from Market Guide: Expanded Business Description

Financial Summary
OceanFirst Financial Corp. is a bank holding company for Ocean Federal Savings Bank, with 13 branches in New Jersey. For the six months ended 6/30/01, interest income rose 4% to $58.7 million. Net interest income after loss provision rose 2% to $25.2 million. Net income decreased 2% to $8.5 million. Net interest income reflects loan growth, partially offset by higher interest costs. Earnings were offset by higher compensation and benefits expenses.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

John Garbarino, 51
Chairman, Pres, CEO of the Company and the Bank
$715K
Robert Pardes, 42
Exec. VP of the Bank
--  
Michael Fitzpatrick, 45
Exec. VP and CFO of the Company and Bank
302K
Jack Cussen
Exec. VP, Financial Services
--  
John Kelly, 51
Sr VP & Corp. Sec. of the Company Sr VP & Gen. Counsel of the Bank.
230K
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:OCFCAs of 31-Aug-2001
Price and Volume
52-Week Low
on 3-Oct-2000
$18.75 
Recent Price$25.90 
52-Week High
on 11-June-2001
$27.08 
Beta0.54 
Daily Volume (3-month avg)33.6K
Daily Volume (10-day avg)17.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+25.2%
52-Week Change
relative to S&P500
+68.0%
Share-Related Items
Market Capitalization$270.0M
Shares Outstanding10.4M
Float4.70M
Dividends & Splits
Annual Dividend (indicated)$0.84 
Dividend Yield3.24%
Last Split: 2 for 1 on 18-May-1998
Per-Share Data
Book Value (mrq)$14.65 
Earnings (ttm)$1.59 
Earnings (mrq)$0.45 
Sales (ttm)$11.51 
Cash (mrq)$1.64 
Valuation Ratios
Price/Book (mrq)1.77 
Price/Earnings (ttm)16.33 
Price/Sales (ttm)2.25 
Income Statements
Sales (ttm)$118.1M
EBITDAN/A 
Income available to common (ttm)$16.2M
Profitability
Profit Margin (ttm)13.8%
Operating Margin (ttm)41.6%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)0.97%
Return on Equity (ttm)10.41%
Financial Strength
Current RatioN/A 
Debt/EquityN/A 
Total Cash (mrq)$17.2M
Short Interest
As of 8-Aug-2001
Shares Short47.0K
Percent of Float1.0%
Shares Short
(Prior Month)
51.0K
Short Ratio2.14 
Daily Volume22.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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