OceanFirst Financial (OCFC) Stock Price, News & Analysis

Company Overview

OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services to retail and commercial customers. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits, that includes brokered deposits to retail, government, and business customers. The company 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; and 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. In addition, it invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments. Further, the company offers bankcard, trust and asset management services; and bank owned life insurance products. The company was founded in 1902 and is based in Red Bank, New Jersey.

Key Stats

• Today's Range: $16.32 to $16.65
• 50-Day Range: $16.32 to $19.01
• 52-Week Range: $14.29 to $21.87
• Volume: 255,298 shs
• Average Volume: 287,000 shs
• Market Capitalization: $939.97 million
• P/E Ratio: 11.62
• Dividend Yield: 4.88%
• Price Target: $20.67
• Consensus Rating: Moderate Buy

OceanFirst Financial Stock Analysis - MarketRank™

OceanFirst Financial scored higher than 89% of companies evaluated by MarketBeat, and ranked 196th out of 918 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

OceanFirst Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

OceanFirst Financial has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 28.13%

Earnings Growth

Earnings for OceanFirst Financial are expected to grow by 28.13% in the coming year, from $1.60 to $2.05 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of OceanFirst Financial is 11.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 27.80.

Price to Earnings Ratio vs. Sector

The P/E ratio of OceanFirst Financial is 11.62, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.86.

Price to Book Value per Share Ratio

OceanFirst Financial has a P/B Ratio of 0.57. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.57% of the float of OceanFirst Financial has been sold short.

Short Interest Ratio / Days to Cover

OceanFirst Financial has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in OceanFirst Financial has recently increased by 3.35%, indicating that investor sentiment is decreasing.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

OceanFirst Financial is a leading dividend payer. It pays a dividend yield of 4.85%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

OceanFirst Financial does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of OceanFirst Financial is 56.74%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, OceanFirst Financial will have a dividend payout ratio of 39.02% next year. This indicates that OceanFirst Financial will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.57% of the float of OceanFirst Financial has been sold short.

Short Interest Ratio / Days to Cover

OceanFirst Financial has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in OceanFirst Financial has recently increased by 3.35%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.96

News Sentiment

OceanFirst Financial has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.75 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for OceanFirst Financial this week, compared to 4 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, OceanFirst Financial insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 5.10% of the stock of OceanFirst Financial is held by insiders.

Percentage Held by Institutions

70.98% of the stock of OceanFirst Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

OCFC Stock Analysis - Frequently Asked Questions

How have OCFC shares performed this year?

OceanFirst Financial's stock was trading at $18.10 at the beginning of the year. Since then, OCFC stock has decreased by 9.5% and is now trading at $16.38.

How were OceanFirst Financial's earnings last quarter?

OceanFirst Financial Corp. (NASDAQ:OCFC) posted its quarterly earnings results on Thursday, July, 24th. The savings and loans company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by $0.02. The savings and loans company had revenue of $99.37 million for the quarter, compared to the consensus estimate of $101.26 million. OceanFirst Financial had a net margin of 12.89% and a trailing twelve-month return on equity of 5.22%.
Read the conference call transcript.

Who are OceanFirst Financial's major shareholders?

Top institutional shareholders of OceanFirst Financial include Bank of New York Mellon Corp (0.68%), CSM Advisors LLC (0.51%), Wedge Capital Management L L P NC (0.26%) and Knights of Columbus Asset Advisors LLC (0.11%). Insiders that own company stock include Joseph M Jr Murphy, Brian Schaeffer, Anthony Giordano III, Jack M Farris, Steven James Tsimbinos, Joseph Lebel III, Patrick Sean Barrett, Christopher Maher, John F Barros and Robert C Garrett.
View institutional ownership trends.

How do I buy shares of OceanFirst Financial?

Shares of OCFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of OceanFirst Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that OceanFirst Financial investors own include JPMorgan Chase & Co. (JPM), Tesla (TSLA), Advanced Micro Devices (AMD), Meta Platforms (META), Alphabet (GOOG), Home Depot (HD) and NVIDIA (NVDA).

Company Calendar

• Record date for 5/16 Dividend: 5/05/2025
• Ex-Dividend for 5/16 Dividend: 5/05/2025
• Dividend Payable: 5/16/2025
• Last Earnings: 7/24/2025
• Record date for 8/15 Dividend: 8/04/2025
• Ex-Dividend for 8/15 Dividend: 8/04/2025
• Today: 8/07/2025
• Dividend Payable: 8/15/2025
• Next Earnings (Estimated): 10/16/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: FIN - SVGS & LOAN
• Sub-Industry: Thrifts & Mortgage Finance
• Current Symbol: NASDAQ:OCFC
• CIK: 1004702
• Web: www.oceanfirst.com
• Phone: (732) 240-4500
• Fax: 302-655-5049
• Employees: 960
• Year Founded: 1902

Price Target and Rating

• Average Price Target for OceanFirst Financial: $20.67
• High Price Target: $22.00
• Low Price Target: $17.00
• Potential Upside/Downside: +26.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 6 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.41
• Trailing P/E Ratio: 11.62
• Forward P/E Ratio: 10.24
• P/E Growth: N/A
• Net Income: $100.07 million
• Net Margins: 12.89%
• Pretax Margin: 16.63%
• Return on Equity: 5.22%
• Return on Assets: 0.66%

Debt

• Debt-to-Equity Ratio: 0.70
• Current Ratio: 1.01
• Quick Ratio: 1.00

Sales & Book Value

• Annual Sales: $692.36 million
• Price / Sales: 1.36
• Cash Flow: $1.81 per share
• Price / Cash Flow: 9.04
• Book Value: $28.64 per share
• Price / Book: 0.57

Miscellaneous

• Outstanding Shares: 57,380,000
• Free Float: 55,406,000
• Market Cap: $939.88 million
• Optionable: Optionable
• Beta: 1.04