Michael Fitzpatrick - OceanFirst Financial CFO

OCFC Stock  USD 16.41  0.31  1.93%   

CFO

Mr. Michael J. Fitzpatrick is a Chief Financial Officer, Executive Vice President of the Company and the Bank. He has also been Executive Vice President and CFO of the Bank since joining the Bank in 1992. since 1995.
Age 62
Tenure 29 years
Address 110 West Front Street, Red Bank, NJ, United States, 07701
Phone732 240 4500
Webhttps://www.oceanfirst.com

OceanFirst Financial Management Efficiency

At present, OceanFirst Financial's Return On Equity is projected to slightly decrease based on the last few years of reporting. At present, OceanFirst Financial's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 356.4 M, whereas Total Current Assets are forecasted to decline to about 195.3 M. OceanFirst Financial's management efficiency ratios could be used to measure how well OceanFirst Financial manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 1.14 B in liabilities with Debt to Equity (D/E) ratio of 9.88, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Debt can assist OceanFirst Financial until it has trouble settling it off, either with new capital or with free cash flow. So, OceanFirst Financial's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like OceanFirst Financial Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for OceanFirst to invest in growth at high rates of return. When we think about OceanFirst Financial's use of debt, we should always consider it together with cash and equity.
OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services. The company was founded in 1902 and is based in Red Bank, New Jersey. OceanFirst Financial operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 894 people. OceanFirst Financial Corp (OCFC) is traded on NASDAQ Exchange in USA. It is located in 110 West Front Street, Red Bank, NJ, United States, 07701 and employs 878 people. OceanFirst Financial is listed under Thrifts & Mortgage Finance category by Fama And French industry classification.

Management Performance

OceanFirst Financial Corp Leadership Team

Elected by the shareholders, the OceanFirst Financial's board of directors comprises two types of representatives: OceanFirst Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of OceanFirst. The board's role is to monitor OceanFirst Financial's management team and ensure that shareholders' interests are well served. OceanFirst Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, OceanFirst Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
John Walsh, Lead Independent Director
Mark Solow, Independent Director
CISSP CISA, Senior Officer
Steven Tsimbinos, Senior Vice President General Counsel, Corporate Secretary of the Company and the Bank
Donald McLaughlin, Independent Director
Joseph Burke, Independent Director
Jack Farris, Director
Michael Devlin, Director
Diane Rhine, Independent Director
Patrick Barrett, CFO VP
Anthony Giordano, Interm CIO
Dorothy McCrosson, Director
Kimberly Guadagno, Director
Jill Hewitt, Sr. VP, Investor Relations Officer, Sr. VP of OceanFirst Bank and Investor Relations Officer of OceanFirst Bank
Karthik Sridharan, Ex Officer
Michael Fitzpatrick, CFO, Executive VP, CFO of OceanFirst Bank and Executive VP of OceanFirst Bank
Joseph Lebel, Executive Vice President Chief Lending Officer of OceanFirst Bank
Angela Ho, Chief Accounting Officer
John Garbarino, Chairman, CEO, Chairman of OceanFirst Bank and CEO of OceanFirst Bank
David Howard, First Treasurer
Steven Esq, General VP
Christopher Maher, CEO and President Director and President of Oceanfirst Bank and Director of Oceanfirst Bank
Kim Guadagno, Director
Joseph Iantosca, Chief Admin. Officer of Oceanfirst Bank and Executive VP of Oceanfirst Bank
Samuel Young, Director
John Lloyd, Director
Grace Vallacchi, Executive Vice President Chief Risk Officer, Director of the Company and the Bank
Michele Estep, Executive Vice President Chief Administrative Officer of OceanFirst Bank
Joseph III, COO President
Steven Brady, Director
Patrick Chong, Corporate VP
Nicos Katsoulis, Director
Craig Spengeman, Executive Vice President and Director of Trust & Asset Management of OceanFirst Bank
Anthony Coscia, Independent Director
Anthony III, Executive Operations
Steven Scopellite, Director
Angelo Catania, Independent Director
Grace Torres, Director

OceanFirst Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is OceanFirst Financial a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

OceanFirst Financial Investors Sentiment

The influence of OceanFirst Financial's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in OceanFirst. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to OceanFirst Financial's public news can be used to forecast risks associated with an investment in OceanFirst. The trend in average sentiment can be used to explain how an investor holding OceanFirst can time the market purely based on public headlines and social activities around OceanFirst Financial Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
OceanFirst Financial's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for OceanFirst Financial's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average OceanFirst Financial's news discussions. The higher the estimated score, the more favorable is the investor's outlook on OceanFirst Financial.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards OceanFirst Financial in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, OceanFirst Financial's short interest history, or implied volatility extrapolated from OceanFirst Financial options trading.

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When determining whether OceanFirst Financial Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of OceanFirst Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Oceanfirst Financial Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Oceanfirst Financial Corp Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OceanFirst Financial Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Note that the OceanFirst Financial Corp information on this page should be used as a complementary analysis to other OceanFirst Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for OceanFirst Stock analysis

When running OceanFirst Financial's price analysis, check to measure OceanFirst Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy OceanFirst Financial is operating at the current time. Most of OceanFirst Financial's value examination focuses on studying past and present price action to predict the probability of OceanFirst Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OceanFirst Financial's price. Additionally, you may evaluate how the addition of OceanFirst Financial to your portfolios can decrease your overall portfolio volatility.
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Is OceanFirst Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of OceanFirst Financial. If investors know OceanFirst will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about OceanFirst Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.49)
Dividend Share
0.8
Earnings Share
1.7
Revenue Per Share
6.543
Quarterly Revenue Growth
(0.26)
The market value of OceanFirst Financial Corp is measured differently than its book value, which is the value of OceanFirst that is recorded on the company's balance sheet. Investors also form their own opinion of OceanFirst Financial's value that differs from its market value or its book value, called intrinsic value, which is OceanFirst Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because OceanFirst Financial's market value can be influenced by many factors that don't directly affect OceanFirst Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between OceanFirst Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if OceanFirst Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OceanFirst Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.