Preferred Stock Channel
Quotes delayed 20 minutes


Buy (3.00 out of 4)
37th percentile
(ranked lower than approx. 63% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com
www.valueforum.com/7/
Free Preferred Stock Newsletter
Gain access to weekly reports with featured preferred stock screens, new preferred stock offerings, and more.

Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Saturday, November 28, 4:56 PM

Slide #29. OceanFirst Financial Corp. Preferred Stock Offering

Company: OceanFirst Financial Corp. (NASDAQ:OCFC)
Date announced: 5/4/2020
Shares Offered: 2,200,000
Date of Pricing: 5/4/2020
Price Per Share: $25.00
Preferred Stock Offering Details: OceanFirst Financial Corp. (NASDAQ: "OCFC"), (the "Company"), the holding company for OceanFirst Bank N.A. (the "Bank"), announced today that it has priced a public offering of 2,200,000 depositary shares with a liquidation preference of $25.00 per share (the "Depositary Shares"), for gross proceeds of $55,000,000 before deducting underwriting discounts and other estimated offering expenses. Each Depositary Share represents a 1/40th interest in a share of the Company's 7.00% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A. In connection with the offering, the Company has granted the underwriters an option for 30 days to purchase up to an additional 330,000 Depositary Shares. The Company intends to apply to list the Depositary Shares on The Nasdaq Global Select Market under the symbol "OCFCP." The offering is subject to customary closing conditions and is expected to close on or about May 7, 2020. On May 1, 2020, the Company also completed an offering (the "Notes Offering") of $125.0 million of its 5.25% fixed-to-floating rate subordinated notes due 2030.

OceanFirst Financial is a bank holding company. Through its subsidiary, OceanFirst Bank N.A. (the Bank), Co. accepts retail and commercial deposits and invests those deposits in loans, consisting of commercial real estate and other commercial loans, and single-family, owner-occupied residential mortgage loans. The Bank also invests in other types of loans, including residential construction and consumer loans. The Bank provides deposit accounts with a range of interest rates and terms to retail, government and business customers. The Bank's deposits consist of money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits.
Open the OCFC Page at Preferred Stock Channel »

Name:  OceanFirst Financial Corp
Website:  www.oceanfirst.com
Sector:  Banking & Savings
Number of ETFs Holding OCFC:  28 (see which ones)
Total Market Value Held by ETFs:  $86,575,082
Total Market Capitalization:  $1,022,000,000
% of Market Cap. Held by ETFs:  8.47%
 

Open the OCFC Page at Preferred Stock Channel (in a new window) »

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game

Preferred Stock Offerings - Slide 29 of 515 | www.PreferredStockChannel.com | Copyright © 2011 - 2020, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.