OceanFirst Financial (OCFC)
Market Price (8/9/2026): $19.415 | Market Cap: $1.4 BilSector: Financials | Industry: Regional Banks
OceanFirst Financial (OCFC)
Market Price (8/9/2026): $19.415Market Cap: $1.4 BilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.9%, Dividend Yield is 3.4%, FCF Yield is 8.3% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 26% Low stock price volatilityVol 12M is 29% Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology. | Trading close to highsDist 52W High is -4.1%, Dist 3Y High is -4.1% Weak multi-year price returns2Y Excs Rtn is -17%, 3Y Excs Rtn is -49% Moderate capital ratioTier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 12% | Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 28x Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.2% Key risksOCFC key risks include [1] significant exposure to commercial real estate, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.9%, Dividend Yield is 3.4%, FCF Yield is 8.3% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 26% |
| Low stock price volatilityVol 12M is 29% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology. |
| Trading close to highsDist 52W High is -4.1%, Dist 3Y High is -4.1% |
| Weak multi-year price returns2Y Excs Rtn is -17%, 3Y Excs Rtn is -49% |
| Moderate capital ratioTier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 12% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 28x |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.2% |
| Key risksOCFC key risks include [1] significant exposure to commercial real estate, Show more. |
Qualitative Assessment
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OceanFirst Financial (OCFC) stock has remained largely at the same level since 4/30/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Earnings Performance and Merger-Related Expenses.
OceanFirst Financial reported a net loss of $3.0 million, or $(0.04) per diluted share on a GAAP basis, for the fiscal second quarter of 2026 (ended June 30, 2026), largely driven by $42.8 million ($33.6 million net of tax) in non-recurring merger-related expenses associated with the Flushing acquisition. This GAAP loss contrasted with a positive core earnings performance, where diluted core EPS was $0.43, exceeding the consensus estimate of $0.42. While the net interest margin (NIM) expanded to 3.05% and surpassed analyst estimates, overall quarterly revenue of $131.33 million, despite increasing 32.2% year-over-year, fell below the consensus estimate of $135.63 million. This combination of strong core operational results being offset by significant one-time merger costs led to a balanced investor sentiment, contributing to the stock's relatively stable movement.
2. Strategic Balance Sheet Repositioning through Multifamily Loan Sales.
During the period, OceanFirst Financial actively engaged in strategic balance sheet repositioning, notably by completing the sale of $1.3 billion of New York City multifamily loans on June 29, 2026. This action, following an earlier agreement announced on June 8, 2026, was aimed at reducing the company's exposure to rent-regulated properties and enhancing its liquidity profile, with on-hand liquidity boosting to 11.5% of assets. While these sales improved risk metrics and liquidity, the reduction in revenue-generating assets from the divestment could have moderated upward stock momentum, as investors considered both the positive long-term risk management and the immediate impact on asset base.
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OceanFirst Financial (OCFC) stock has remained largely at the same level since 4/30/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Earnings Performance and Merger-Related Expenses.
OceanFirst Financial reported a net loss of $3.0 million, or $(0.04) per diluted share on a GAAP basis, for the fiscal second quarter of 2026 (ended June 30, 2026), largely driven by $42.8 million ($33.6 million net of tax) in non-recurring merger-related expenses associated with the Flushing acquisition. This GAAP loss contrasted with a positive core earnings performance, where diluted core EPS was $0.43, exceeding the consensus estimate of $0.42. While the net interest margin (NIM) expanded to 3.05% and surpassed analyst estimates, overall quarterly revenue of $131.33 million, despite increasing 32.2% year-over-year, fell below the consensus estimate of $135.63 million. This combination of strong core operational results being offset by significant one-time merger costs led to a balanced investor sentiment, contributing to the stock's relatively stable movement.
2. Strategic Balance Sheet Repositioning through Multifamily Loan Sales.
During the period, OceanFirst Financial actively engaged in strategic balance sheet repositioning, notably by completing the sale of $1.3 billion of New York City multifamily loans on June 29, 2026. This action, following an earlier agreement announced on June 8, 2026, was aimed at reducing the company's exposure to rent-regulated properties and enhancing its liquidity profile, with on-hand liquidity boosting to 11.5% of assets. While these sales improved risk metrics and liquidity, the reduction in revenue-generating assets from the divestment could have moderated upward stock momentum, as investors considered both the positive long-term risk management and the immediate impact on asset base.
3. Integration of Flushing Financial Acquisition and Future Synergy Expectations.
The successful completion of the acquisition of Flushing Financial on June 1, 2026, was a transformational event, adding $8.69 billion in assets and $7.44 billion in deposits, and contributing $19.1 million in net interest income during fiscal Q2 2026. Although the acquisition led to immediate non-recurring expenses that impacted GAAP earnings, management provided guidance indicating significant expense reductions, with operating expenses projected to decline to $110-$115 million by fiscal Q4 2026, and further NIM expansion to 3.09%-3.14% in fiscal Q4 2026 as synergies are realized. The market likely held a "wait and see" approach, balancing the short-term integration costs and GAAP loss against the anticipated long-term benefits and operational efficiencies of the combined entity.
4. Neutralizing Macroeconomic Environment for Regional Banks.
The broader U.S. economic environment since April 30, 2026, presented a somewhat stable but constrained outlook that likely kept OceanFirst Financial's stock largely range-bound. Real GDP growth is projected at a moderate 2.2% for 2026, with the economy remaining resilient yet facing constraints from higher prices and thinning buffers. Inflation pressures firmed, prompting the Federal Reserve to maintain a patient stance and delay further interest rate cuts, with expectations for the federal funds rate to hold steady at 3.50-3.75% for the remainder of 2026. While the regional banking sector has a positive long-term outlook, driven by factors like M&A, near-term asset quality concerns and the stable interest rate environment created a neutral backdrop, preventing significant upward or downward shifts in OCFC's stock price.
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Stock Movement Drivers
Fundamental Drivers
The 1.8% change in OCFC stock from 4/30/2026 to 8/8/2026 was primarily driven by a 86.3% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 8082026 | Change |
|---|---|---|---|
| Stock Price ($) | 19.07 | 19.42 | 1.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 400 | 438 | 9.3% |
| Net Income Margin (%) | 17.7% | 10.9% | -38.3% |
| P/E Multiple | 15.3 | 28.5 | 86.3% |
| Shares Outstanding (Mil) | 57 | 70 | -19.0% |
| Cumulative Contribution | 1.8% |
Market Drivers
4/30/2026 to 8/8/2026| Return | Correlation | |
|---|---|---|
| OCFC | 1.8% | |
| Market (SPY) | 7.6% | 7.0% |
| Sector (XLF) | 10.5% | 46.6% |
Fundamental Drivers
The 5.8% change in OCFC stock from 1/31/2026 to 8/8/2026 was primarily driven by a 117.1% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 8082026 | Change |
|---|---|---|---|
| Stock Price ($) | 18.36 | 19.42 | 5.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 391 | 438 | 11.9% |
| Net Income Margin (%) | 20.4% | 10.9% | -46.4% |
| P/E Multiple | 13.1 | 28.5 | 117.1% |
| Shares Outstanding (Mil) | 57 | 70 | -18.8% |
| Cumulative Contribution | 5.8% |
Market Drivers
1/31/2026 to 8/8/2026| Return | Correlation | |
|---|---|---|
| OCFC | 5.8% | |
| Market (SPY) | 12.1% | 21.8% |
| Sector (XLF) | 8.3% | 48.6% |
Fundamental Drivers
The 21.0% change in OCFC stock from 7/31/2025 to 8/8/2026 was primarily driven by a 183.8% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 8082026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.05 | 19.42 | 21.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 379 | 438 | 15.5% |
| Net Income Margin (%) | 24.5% | 10.9% | -55.3% |
| P/E Multiple | 10.0 | 28.5 | 183.8% |
| Shares Outstanding (Mil) | 58 | 70 | -17.3% |
| Cumulative Contribution | 21.0% |
Market Drivers
7/31/2025 to 8/8/2026| Return | Correlation | |
|---|---|---|
| OCFC | 21.0% | |
| Market (SPY) | 23.4% | 31.0% |
| Sector (XLF) | 11.3% | 49.6% |
Fundamental Drivers
The 20.1% change in OCFC stock from 7/31/2023 to 8/8/2026 was primarily driven by a 345.5% change in the company's P/E Multiple.| (LTM values as of) | 7312023 | 8082026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.17 | 19.42 | 20.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 439 | 438 | -0.3% |
| Net Income Margin (%) | 33.9% | 10.9% | -67.7% |
| P/E Multiple | 6.4 | 28.5 | 345.5% |
| Shares Outstanding (Mil) | 59 | 70 | -16.3% |
| Cumulative Contribution | 20.1% |
Market Drivers
7/31/2023 to 8/8/2026| Return | Correlation | |
|---|---|---|
| OCFC | 20.1% | |
| Market (SPY) | 74.9% | 43.2% |
| Sector (XLF) | 70.4% | 59.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| OCFC Return | 23% | -1% | -14% | 9% | 4% | 11% | 32% |
| Peers Return | 30% | -6% | -6% | 7% | 7% | 36% | 80% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| OCFC Win Rate | 50% | 42% | 42% | 50% | 50% | 50% | |
| Peers Win Rate | 65% | 40% | 48% | 50% | 47% | 75% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| OCFC Max Drawdown | -24% | -23% | -49% | -21% | -22% | -12% | |
| Peers Max Drawdown | -19% | -26% | -41% | -26% | -24% | -13% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PFS, WSFS, UBSI, DCOM, KRNY.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/7/2026 (YTD)
How Low Can It Go
| Event | OCFC | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -18.6% | -18.8% |
| % Gain to Breakeven | 22.9% | 23.1% |
| Time to Breakeven | 81 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -30.0% | -9.5% |
| % Gain to Breakeven | 42.8% | 10.5% |
| Time to Breakeven | 55 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -17.3% | -24.5% |
| % Gain to Breakeven | 21.0% | 32.4% |
| Time to Breakeven | 184 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -48.5% | -33.7% |
| % Gain to Breakeven | 94.0% | 50.9% |
| Time to Breakeven | 343 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -20.5% | -19.2% |
| % Gain to Breakeven | 25.8% | 23.8% |
| Time to Breakeven | 1417 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -13.2% | -12.2% |
| % Gain to Breakeven | 15.2% | 13.9% |
| Time to Breakeven | 83 days | 62 days |
In The Past
OceanFirst Financial's stock fell -18.6% during the 2025 US Tariff Shock. Such a loss loss requires a 22.9% gain to breakeven.
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Asset Allocation
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| Event | OCFC | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -30.0% | -9.5% |
| % Gain to Breakeven | 42.8% | 10.5% |
| Time to Breakeven | 55 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -48.5% | -33.7% |
| % Gain to Breakeven | 94.0% | 50.9% |
| Time to Breakeven | 343 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -20.5% | -19.2% |
| % Gain to Breakeven | 25.8% | 23.8% |
| Time to Breakeven | 1417 days | 105 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -49.9% | -53.4% |
| % Gain to Breakeven | 99.7% | 114.4% |
| Time to Breakeven | 647 days | 1085 days |
In The Past
OceanFirst Financial's stock fell -18.6% during the 2025 US Tariff Shock. Such a loss loss requires a 22.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About OceanFirst Financial (OCFC)
OceanFirst Financial Corp. (OCFC) operates as a bank holding company primarily serving retail, government, and business customers through its subsidiary, OceanFirst Bank N.A. The company offers a comprehensive suite of community banking services, with a core focus on deposit products. These include a variety of accounts such as money market, savings, interest-bearing checking, non-interest-bearing demand deposits, and time deposits.
The company's lending portfolio is extensive, covering commercial real estate, multi-family, land, construction, and commercial and industrial loans. OCFC also provides both fixed-rate and adjustable-rate mortgage loans secured by one-to-four family residences, alongside various consumer loan products like home equity loans and lines of credit, student loans, and overdraft lines. Beyond traditional lending and deposit-taking, OceanFirst Financial Corp. engages in investment activities, holding mortgage-backed securities, U.S. Government and agency securities, and corporate securities. It further enhances its service offerings with bankcard services, wealth management, trust and asset management, and the sale of alternative investment products and life insurance.
As of December 31, 2021, OCFC maintained a strong regional presence with 46 branch offices and four deposit production facilities predominantly located across central and southern New Jersey. To support its commercial lending operations, the company also operates commercial loan production offices in strategic metropolitan areas, including New Jersey, New York City, the Philadelphia area, Baltimore, and Boston.
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Here are 1-3 brief analogies for OceanFirst Financial (OCFC):
It's like a smaller, community-focused Bank of America, primarily serving New Jersey and parts of the East Coast.
Think of it as a regional PNC Bank or M&T Bank, offering a comprehensive suite of banking and wealth management services.
It's similar to a local TD Bank that's grown into a publicly traded financial institution, deeply embedded in the communities it serves.
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- Deposit Accounts: Offers a variety of checking, savings, money market, and time deposit accounts for individuals and businesses.
- Commercial Loans: Provides financing for commercial real estate, multi-family properties, land development, construction, and general commercial and industrial needs.
- Residential Mortgages: Originates fixed-rate and adjustable-rate mortgage loans for one-to-four family residences.
- Consumer Loans: Delivers personal financing options including home equity loans, lines of credit, student loans, and overdraft facilities.
- Wealth Management & Trust Services: Manages client assets and provides trust administration, wealth planning, and advisory services.
- Financial Products Sales: Sells bankcard services, alternative investment products, and life insurance.
- Investment Portfolio Management: Invests in a portfolio of mortgage-backed, government, and corporate securities.
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OceanFirst Financial (OCFC) serves a diverse customer base, providing community banking services to multiple categories of clients rather than primarily to specific named companies. Its major customer categories include:
- Individuals (Retail/Consumer Customers): This category includes individuals seeking various deposit accounts (money market, savings, checking, time deposits), mortgage loans (fixed-rate and adjustable-rate), and a range of consumer loans (home equity, lines of credit, student loans, overdraft lines). They also utilize bankcard services and may access wealth management, trust, asset management, and insurance products.
- Businesses: OceanFirst Financial serves commercial clients through various deposit accounts and a comprehensive suite of commercial lending products. These include commercial real estate loans, multi-family loans, land loans, construction loans, and commercial and industrial loans. Business customers also utilize bankcard, wealth management, and trust and asset management services.
- Government Entities: The company accepts various deposit products, including money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits, from government customers.
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Christopher D. Maher, Chairman and Chief Executive Officer
Mr. Maher has served as Chairman and Chief Executive Officer of OceanFirst Financial Corp. since 2017 and CEO since 2015. He joined OceanFirst in 2013 as President and Chief Operating Officer. Prior to his tenure at OceanFirst, Mr. Maher served as President and Chief Executive Officer of Patriot National Bancorp. His previous experience also includes roles as Executive Vice President of Dime Savings Bank of Williamsburg, Senior Vice President of Information Services of BISYS, and Managing Director of Banking Strategy at Fidelity National Information Services. He was also a Director of the Federal Reserve Bank of Philadelphia from 2020 through 2024.
Patrick S. Barrett, Senior Executive Vice President and Chief Financial Officer
Mr. Barrett was appointed Executive Vice President and Chief Financial Officer of OceanFirst Financial Corp. on June 2, 2022. Before joining OceanFirst, he served as Executive Vice President and Chief Financial Officer of First Midwest Bancorp, Inc. from January 2017 to April 2022, which completed a merger with Old National Bancorp. He also held the position of CFO at Fulton Financial Corporation, Inc. His career spans over 30 years with leadership experience at financial services organizations including SunTrust Banks, J.P. Morgan Chase, and Deloitte.
Joseph J. Lebel III, President and Chief Operating Officer
Mr. Lebel was appointed President and Chief Operating Officer of OceanFirst Bank on January 1, 2021, and Executive Vice President and Chief Operating Officer of OceanFirst Financial Corp. in June 2020. He joined OceanFirst in 2006 as Senior Vice President in charge of Commercial Lending and has served in various leadership positions, including Chief Banking Officer and Chief Lending Officer. Previously, Mr. Lebel was a Senior Vice President at Wachovia Bank N.A.
Michele B. Estep, Senior Executive Vice President and Chief Administrative Officer
Ms. Estep serves as Senior Executive Vice President and Chief Administrative Officer of OceanFirst Bank. She joined the Bank following the acquisition of Sun Bancorp Inc. She assumed responsibility for human resources in December 2018.
Steven J. Tsimbinos, Senior Executive Vice President, General Counsel and Corporate Secretary
Mr. Tsimbinos holds the titles of Senior Executive Vice President, General Counsel, and Corporate Secretary of both OceanFirst Financial Corp. and OceanFirst Bank.
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The key risks to OceanFirst Financial (OCFC) include:
- Interest Rate Fluctuations and Economic Uncertainty: As a financial institution, OceanFirst Financial is highly sensitive to changes in interest rates, which can significantly impact its net interest margin and overall profitability. The current economic climate, characterized by uncertainty and potential recessionary conditions, poses a threat to the bank's financial performance. Managing interest rate risk and maintaining a strong liquidity position are crucial for the company to navigate these economic challenges.
- Market Concentration Risks: OceanFirst Financial's business operations are concentrated in New Jersey and surrounding metropolitan areas, including New York City, the Philadelphia area, Baltimore, and Boston. This geographic concentration exposes the company to localized economic downturns and fluctuations in the real estate market within these regions. A substantial portion of the bank's loan portfolio is dependent on the economic health of these specific areas, making it vulnerable to factors such as unemployment, natural disasters, or changes in government policies that could adversely affect the regional economy.
- Credit Risk related to Commercial Real Estate (CRE) Exposure: While OceanFirst Financial has a history of strong credit performance, the company has an elevated exposure to investor commercial real estate (CRE) loans, which constituted 365% of total risk-based capital at year-end 2024. This includes an above-average concentration in office lending, representing 10% of its loans. Adverse developments in the commercial real estate market, particularly in the office sector, could impact the quality of its loan portfolio and influence investor confidence.
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The clear emerging threat to OceanFirst Financial is the rapid growth and increasing adoption of digital-first financial service providers, including neobanks, specialized online lenders, and embedded finance solutions from non-bank technology companies. These entities leverage technology to offer traditional banking products such as deposit accounts, various types of loans (mortgages, personal, small business), payments, and wealth management services with significantly lower operational overhead, greater convenience, and often superior digital user experiences. This model directly competes with and aims to disintermediate OceanFirst Financial's traditional branch-based community banking model, posing a threat to its deposit base, loan origination volume, and overall customer relationships across its service offerings and geographic footprint.
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Deposits
- In New York, total deposits in New York-based financial institutions exceeded $3.4 trillion in 2023. Community banks in New York held $281.3 billion in deposits at their branches as of December 13, 2024.
- In Maryland, total deposits were $195 billion in Q4 2024. Community banks in Maryland held $55.36 billion in deposits at their branches as of December 13, 2024.
- In Massachusetts, community banks held $160.45 billion in deposits at their branches as of December 13, 2024.
- In Pennsylvania, community banks held $227.98 billion in deposits at their branches as of December 13, 2024.
Commercial Real Estate (CRE) and Commercial and Industrial (C&I) Loans
- In New York, banks hold $450 billion in commercial real estate (CRE) exposure.
- In Pennsylvania, the commercial real estate market generated approximately $35 billion in annual transaction volume as of March 8, 2026. The real estate loans and collateralized debt industry in Pennsylvania is valued at $11.7 billion in 2026.
- In Maryland, the commercial real estate market generated approximately $18 billion in annual transaction volume as of February 19, 2026.
Residential Mortgage Loans
- In New York, total mortgage originations reached $85 billion in 2023.
- In Pennsylvania, there were approximately 126,000 mortgage originations for owner-occupied homes in one-to-four-unit buildings in 2022. The state saw 90,825 home sales in 2022.
- In Boston, Massachusetts, projections for 2026 show 83,646 combined purchase and refinance loans, amounting to $46.1 billion in total volume.
Wealth Management
- The New York metropolitan statistical area (MSA) had 720,000 high-net-worth individuals with $1 million or more in investable assets as of 2011.
- In North America, the wealth management market is estimated to contribute 44.7% to the growth of the global market during the forecast period of 2025-2030. The global wealth management market was valued at $1.25 trillion in 2020 and is projected to reach $3.43 trillion by 2030.
Other Products and Services
- Null
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Capital Allocation Decisions for OceanFirst Financial (OCFC)
Share Repurchases
- In July 2025, OceanFirst Financial Corp. authorized a new stock repurchase program allowing for the repurchase of up to 3 million shares, representing approximately 5% of its outstanding common stock. This authorization is in addition to an existing program from 2021.
- The company repurchased shares totaling approximately $24.4 million during the first nine months of 2025.
- For the year ended December 31, 2024, OceanFirst Financial repurchased 1,383,238 shares totaling $21.5 million.
Share Issuance
- As part of the proposed all-stock merger with Flushing Financial Corporation, announced in December 2025, OceanFirst Financial is expected to issue shares to Flushing stockholders. These shares are projected to represent approximately 30% of the outstanding shares of the combined company.
- In December 2025, OceanFirst Financial agreed to sell approximately 9.7 million shares of its common stock and shares equivalent to 1.7 million common shares to Warburg Pincus LLC for $225 million. These newly issued securities are expected to represent approximately 12% of the combined company's outstanding shares.
- Concurrently with the Warburg Pincus investment, OceanFirst also issued a warrant to Warburg Pincus to purchase shares of non-voting, common-equivalent stock representing the economic equivalent of approximately 11.4 million shares of common stock.
Inbound Investments
- In December 2025, Warburg Pincus LLC committed a $225 million strategic investment in OceanFirst Financial for newly issued equity securities, contingent upon the closing of OceanFirst's merger with Flushing Financial Corporation.
Outbound Investments
- In December 2025, OceanFirst Financial Corp. entered into a definitive merger agreement to acquire Flushing Financial Corporation in an all-stock transaction valued at $579 million, which is expected to close in the second quarter of 2026.
- In 2024, the company invested in the acquisitions of Garden State Home Loan and Spring Garden Capital.
- OceanFirst Financial called off its planned $186 million acquisition of Partners Bancorp in 2022, a deal that was originally announced in 2021.
Capital Expenditures
- OceanFirst Financial Corp. reported capital expenditures of $2.9 million in the fourth quarter of 2025, an increase of 83.5% from the prior quarter.
- For the last 12 months prior to the fourth quarter of 2025, capital expenditures were reported as -$7.70 million.
Latest Trefis Analyses
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| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 32.39 |
| Mkt Cap | 2.5 |
| Rev LTM | 688 |
| Op Inc LTM | - |
| FCF LTM | 220 |
| FCF 3Y Avg | 170 |
| CFO LTM | 225 |
| CFO 3Y Avg | 177 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.7% |
| Rev Chg 3Y Avg | 4.9% |
| Rev Chg Q | 11.6% |
| QoQ Delta Rev Chg LTM | 2.7% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 34.5% |
| CFO/Rev 3Y Avg | 29.2% |
| FCF/Rev LTM | 33.0% |
| FCF/Rev 3Y Avg | 27.9% |
Price Behavior
| Market Price | $19.42 | |
| Market Cap ($ Bil) | 1.1 | |
| First Trading Date | 07/03/1996 | |
| Distance from 52W High | -4.1% | |
| 50 Days | 200 Days | |
| DMA Price | $19.01 | $18.55 |
| DMA Trend | up | up |
| Distance from DMA | 2.2% | 4.7% |
| 3M | 1YR | |
| Volatility | 24.2% | 29.0% |
| Downside Capture | 16.63 | 70.06 |
| Upside Capture | 27.12 | 76.74 |
| Correlation (SPY) | 3.3% | 30.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.46 | -0.18 | 0.06 | 0.36 | 0.69 | 0.96 |
| Up Beta | -0.78 | -0.55 | -0.09 | 0.27 | 0.86 | 1.01 |
| Down Beta | 0.34 | -0.50 | -0.46 | -0.07 | 0.42 | 0.80 |
| Up Capture | 77% | 15% | 28% | 48% | 69% | 80% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 10 | 23 | 29 | 61 | 123 | 355 |
| Down Capture | 95% | -3% | 32% | 55% | 77% | 102% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 11 | 19 | 32 | 62 | 124 | 388 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OCFC | |
|---|---|---|---|---|
| OCFC | 21.4% | 28.9% | 0.67 | - |
| Sector ETF (XLF) | 12.3% | 14.6% | 0.57 | 49.1% |
| Equity (SPY) | 23.3% | 12.8% | 1.36 | 30.2% |
| Gold (GLD) | 28.5% | 28.4% | 0.87 | 0.2% |
| Commodities (DBC) | 32.9% | 19.8% | 1.32 | -24.9% |
| Real Estate (VNQ) | 14.2% | 13.8% | 0.72 | 38.9% |
| Bitcoin (BTCUSD) | -43.7% | 43.0% | -1.21 | 14.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OCFC | |
|---|---|---|---|---|
| OCFC | 4.3% | 33.8% | 0.18 | - |
| Sector ETF (XLF) | 11.4% | 18.4% | 0.48 | 61.5% |
| Equity (SPY) | 13.5% | 17.2% | 0.61 | 44.0% |
| Gold (GLD) | 18.6% | 18.6% | 0.81 | -2.3% |
| Commodities (DBC) | 8.2% | 19.6% | 0.31 | 5.1% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 43.2% |
| Bitcoin (BTCUSD) | 9.0% | 53.0% | 0.36 | 14.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OCFC | |
|---|---|---|---|---|
| OCFC | 4.0% | 33.7% | 0.20 | - |
| Sector ETF (XLF) | 13.6% | 22.1% | 0.56 | 66.0% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 48.8% |
| Gold (GLD) | 12.1% | 16.2% | 0.61 | -4.8% |
| Commodities (DBC) | 7.4% | 18.0% | 0.33 | 14.8% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.20 | 47.0% |
| Bitcoin (BTCUSD) | 58.4% | 66.2% | 0.98 | 13.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/31/2026 | 1.8% | 0.6% | |
| 4/23/2026 | 0.1% | 1.1% | -0.7% |
| 1/22/2026 | -3.7% | -3.0% | -1.0% |
| 10/22/2025 | -5.9% | -2.1% | -9.1% |
| 7/24/2025 | -2.6% | -6.2% | 3.3% |
| 4/24/2025 | 0.3% | 1.0% | 1.9% |
| 1/23/2025 | -1.8% | -5.8% | -7.4% |
| 10/17/2024 | -1.8% | -7.6% | 6.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 15 | 11 |
| # Negative | 14 | 9 | 12 |
| Median Positive | 1.9% | 2.3% | 8.1% |
| Median Negative | -3.4% | -6.2% | -4.0% |
| Max Positive | 7.8% | 12.3% | 20.8% |
| Max Negative | -7.5% | -12.0% | -17.8% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/31/2026 | 1.8% | 0.6% | |
| 4/23/2026 | 0.1% | 1.1% | -0.7% |
| 1/22/2026 | -3.7% | -3.0% | -1.0% |
| 10/22/2025 | -5.9% | -2.1% | -9.1% |
| 7/24/2025 | -2.6% | -6.2% | 3.3% |
| 4/24/2025 | 0.3% | 1.0% | 1.9% |
| 1/23/2025 | -1.8% | -5.8% | -7.4% |
| 10/17/2024 | -1.8% | -7.6% | 6.5% |
| 7/18/2024 | -4.8% | 0.5% | -8.5% |
| 4/18/2024 | 4.0% | 4.4% | 11.7% |
| 1/18/2024 | 6.2% | 8.1% | -3.8% |
| 10/19/2023 | -3.5% | -7.7% | 4.3% |
| 7/20/2023 | -3.2% | 4.6% | -2.3% |
| 4/20/2023 | -7.5% | -12.0% | -17.8% |
| 1/19/2023 | 7.8% | 12.3% | 19.3% |
| 10/24/2022 | 0.9% | 5.1% | 10.0% |
| 7/28/2022 | -0.5% | 0.5% | -2.6% |
| 4/28/2022 | 1.0% | 2.5% | 8.1% |
| 1/27/2022 | 2.1% | 2.3% | 1.7% |
| 10/29/2021 | 3.7% | 0.2% | -6.3% |
| 7/29/2021 | -1.6% | 2.6% | 11.2% |
| 4/29/2021 | -1.7% | -3.0% | -4.2% |
| 1/28/2021 | -3.8% | 0.6% | 20.8% |
| 10/30/2020 | -6.4% | -7.1% | -0.2% |
| SUMMARY STATS | |||
| # Positive | 10 | 15 | 11 |
| # Negative | 14 | 9 | 12 |
| Median Positive | 1.9% | 2.3% | 8.1% |
| Median Negative | -3.4% | -6.2% | -4.0% |
| Max Positive | 7.8% | 12.3% | 20.8% |
| Max Negative | -7.5% | -12.0% | -17.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/07/2026 | 10-Q |
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/04/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/01/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/07/2026 | 10-Q |
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/04/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/01/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 02/28/2022 | 10-K |
| 09/30/2021 | 11/04/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 03/01/2021 | 10-K |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/10/2020 | 10-Q |
| 03/31/2020 | 05/11/2020 | 10-Q |
| 12/31/2019 | 02/28/2020 | 10-K |
| 09/30/2019 | 11/07/2019 | 10-Q |
Investor Activity (13F)
Updated Aug 9, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Regional Banks Resources |
| Bank Director |
| Independent Banker |
| S&P Global Market Intelligence |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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