OceanFirst Financial Corp. Company Profile (NASDAQ:OCFC)

About OceanFirst Financial Corp.

OceanFirst Financial Corp. logoOceanFirst Financial Corp. is a holding company for OceanFirst Bank (the Bank). The Company is a savings and loan holding company. The Bank's principal business is attracting retail and business deposits in the communities surrounding its branch offices and investing those deposits primarily in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate and other commercial loans. The Bank also invests in other types of loans, including residential construction and consumer loans. In addition, the Bank invests in mortgage-backed securities (MBS), securities issued by the United States Government and agencies thereof, corporate securities and other investments permitted by applicable law and regulations. The Bank's revenues are derived principally from interest on its loans, interest on its investment and MBS. The Bank also receives income from fees and service charges on loan and deposit products, wealth management services and others.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Savings & Loans
  • Sub-Industry: Thrifts & Mortgage Finance
  • Exchange: NASDAQ
  • Symbol: OCFC
  • CUSIP: 67523410
Key Metrics:
  • Previous Close: $29.38
  • 50 Day Moving Average: $29.37
  • 200 Day Moving Average: $23.78
  • 52-Week Range: $16.77 - $30.70
  • Trailing P/E Ratio: 29.98
  • Foreward P/E Ratio: 15.30
  • P/E Growth: 1.85
  • Market Cap: $806.80M
  • Outstanding Shares: 27,461,000
  • Beta: 0.59
Profitability:
  • Net Margins: 14.98%
  • Return on Equity: 9.82%
  • Return on Assets: 0.97%
Debt:
  • Debt-to-Equity Ratio: 0.76%
  • Current Ratio: 0.99%
  • Quick Ratio: 0.99%
Additional Links:
Companies Related to OceanFirst Financial Corp.:

Analyst Ratings

Consensus Ratings for OceanFirst Financial Corp. (NASDAQ:OCFC) (?)
Ratings Breakdown: 1 Hold Rating, 1 Buy Rating
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $22.00 (25.12% downside)

Analysts' Ratings History for OceanFirst Financial Corp. (NASDAQ:OCFC)
Show:
DateFirmActionRatingPrice TargetDetails
1/30/2017Sandler O'NeillDowngradeBuy -> HoldView Rating Details
4/25/2016Piper Jaffray CompaniesReiterated RatingBuy$22.00View Rating Details
1/8/2016Keefe, Bruyette & WoodsReiterated RatingBuyView Rating Details
11/10/2015FIG PartnersReiterated RatingOutperformView Rating Details
(Data available from 2/24/2015 forward)

Earnings

Earnings History for OceanFirst Financial Corp. (NASDAQ:OCFC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/19/2017        
1/26/2017Q4 2016$0.37$0.38ViewN/AView Earnings Details
4/21/2016Q1$0.33$0.25$20.67 millionViewN/AView Earnings Details
1/21/2016Q4$0.33$0.31ViewListenView Earnings Details
10/22/2015Q3$0.29$0.28ViewListenView Earnings Details
7/23/2015Q2$0.32$0.31ViewListenView Earnings Details
4/23/2015Q115$0.30$0.32$21.20 millionViewN/AView Earnings Details
1/22/2015Q414$0.37$0.30$18.30 millionViewN/AView Earnings Details
10/23/2014Q313$0.31$0.31$18.70 millionViewN/AView Earnings Details
7/24/2014$0.29$0.30ViewN/AView Earnings Details
1/23/2014Q4 13$0.25$0.11ViewN/AView Earnings Details
10/17/2013Q213$0.29$0.29ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for OceanFirst Financial Corp. (NASDAQ:OCFC)
Current Year EPS Consensus Estimate: $1.59 EPS
Next Year EPS Consensus Estimate: $1.92 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.32$0.32$0.32
Q2 20161$0.34$0.34$0.34
Q3 20161$0.38$0.38$0.38
Q4 20161$0.37$0.37$0.37
Q1 20171$0.39$0.39$0.39
Q2 20171$0.41$0.41$0.41
Q3 20171$0.43$0.43$0.43
Q4 20171$0.44$0.44$0.44
Q1 20181$0.44$0.44$0.44
Q2 20181$0.46$0.46$0.46
Q3 20181$0.47$0.47$0.47
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for OceanFirst Financial Corp. (NASDAQ:OCFC)
Annual Dividend:$0.60
Dividend Yield:2.04%
Payout Ratio:61.22% (Based on Trailing 12 Months of Earnings)
37.74% (Based on Current Year Consensus EPS Estimate)
31.25% (Based on Next Year Consensus EPS Estimate)

Dividend History for OceanFirst Financial Corp. (NASDAQ:OCFC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/26/2017quarterly$0.152.02%2/2/20172/6/20172/17/2017
10/27/2016quarterly$0.152.99%11/3/201611/7/201611/18/2016
7/28/2016quarterly$0.132.76%8/4/20168/8/20168/19/2016
4/26/2016quarterly$0.132.8%5/5/20165/9/20165/20/2016
1/21/2016quarterly$0.132.92%1/28/20162/1/20162/12/2016
10/22/2015quarterly$0.132.74%10/29/201511/2/201511/13/2015
7/23/2015$0.137/30/20158/3/20158/14/2015
4/23/2015quarterly$0.133%4/30/20155/4/20155/15/2015
1/22/2015quarterly$0.133.14%1/29/20152/2/20152/13/2015
10/23/2014quarterly$0.133.3%10/30/201411/3/201411/14/2014
7/24/2014quarterly$0.123.01%7/31/20148/4/20148/15/2014
4/24/2014quarterly$0.122.88%5/1/20145/5/20145/16/2014
1/24/2014quarterly$0.122.65%1/30/20142/3/20142/14/2014
1/23/2014$0.121/30/20142/3/20142/14/2014
10/17/2013quarterly$0.122.67%10/24/201310/28/201311/8/2013
7/19/2013quarterly$0.122.8%7/25/20137/29/20138/9/2013
4/18/2013quarterly$0.123.47%4/25/20134/29/20135/10/2013
1/25/2013quarterly$0.123.63%1/31/20132/4/20132/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for OceanFirst Financial Corp. (NASDAQ:OCFC)
Insider Ownership Percentage: 11.10%
Institutional Ownership Percentage: 55.62%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/21/2017Michael D DevlinDirectorSell5,849$29.50$172,545.50View SEC Filing  
2/14/2017Michael D DevlinDirectorSell4,801$29.72$142,685.72View SEC Filing  
2/13/2017John R GarbarinoDirectorSell3,000$29.00$87,000.00View SEC Filing  
12/1/2016Angelo CataniaDirectorSell1,994$25.12$50,089.28View SEC Filing  
11/7/2016Joseph R IantoscaCAOSell2,700$20.90$56,430.00View SEC Filing  
8/25/2016John R GarbarinoChairmanSell160,220$19.25$3,084,235.00View SEC Filing  
8/9/2016John R GarbarinoChairmanSell10,000$18.84$188,400.00View SEC Filing  
12/2/2014Christopher MaherCOOBuy2,000$16.09$32,180.00View SEC Filing  
11/24/2014Donald E MclaughlinDirectorSell3,000$16.50$49,500.00View SEC Filing  
7/30/2014Christopher MaherCOOBuy10,000$16.16$161,600.00View SEC Filing  
6/10/2014Joseph Lebel IIIEVPBuy1,812$16.56$30,006.72View SEC Filing  
11/12/2013Christopher MaherCOOBuy1,000$17.75$17,750.00View SEC Filing  
10/30/2013Christopher MaherCOOBuy1,000$18.00$18,000.00View SEC Filing  
8/26/2013Joseph IantoscaCAOSell1,325$17.23$22,829.75View SEC Filing  
8/16/2013Christopher MaherCOOBuy1,000$16.81$16,810.00View SEC Filing  
8/13/2013Donald MclaughlinDirectorSell3,000$17.01$51,030.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for OceanFirst Financial Corp. (NASDAQ:OCFC)
DateHeadline
4-traders.com logoOCEANFIRST FINANCIAL CORP. (NASDAQ:OCFC) Files An 8-K Financial Statements and Exhibits (NASDAQ:OCFC)
www.4-traders.com - February 14 at 10:19 PM
marketexclusive.com logoInsider Trading Activity OceanFirst Financial Corp. (NASDAQ:OCFC) – Director Sold 3,000 shares of Stock (NASDAQ:OCFC)
marketexclusive.com - February 14 at 10:19 PM
4-traders.com logoOCEANFIRST FINANCIAL : Financial Statements and Exhibits (form 8-K/A) (NASDAQ:OCFC)
www.4-traders.com - February 13 at 8:10 PM
biz.yahoo.com logoOCEANFIRST FINANCIAL CORP Files SEC form 8-K/A, Financial Statements and Exhibits (NASDAQ:OCFC)
biz.yahoo.com - February 13 at 8:10 PM
capitalcube.com logoETFs with exposure to OceanFirst Financial Corp. : February 2, 2017 (NASDAQ:OCFC)
www.capitalcube.com - February 2 at 7:53 PM
marketexclusive.com logoOCEANFIRST FINANCIAL CORP. (NASDAQ:OCFC) Files An 8-K Regulation FD Disclosure (NASDAQ:OCFC)
marketexclusive.com - February 2 at 1:06 AM
capitalcube.com logoOceanFirst Financial Corp. :OCFC-US: Earnings Analysis: 2016 By the Numbers : January 31, 2017 (NASDAQ:OCFC)
www.capitalcube.com - January 31 at 7:58 PM
capitalcube.com logoOceanFirst Financial Corp. :OCFC-US: Earnings Analysis: Q4, 2016 By the Numbers : January 30, 2017 (NASDAQ:OCFC)
www.capitalcube.com - January 30 at 7:40 PM
finance.yahoo.com logoOceanFirst Finl downgraded by Sandler O'Neill (NASDAQ:OCFC)
finance.yahoo.com - January 30 at 7:40 PM
biz.yahoo.com logoOCEANFIRST FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Other Events, Financial (NASDAQ:OCFC)
us.rd.yahoo.com - January 29 at 8:46 AM
marketexclusive.com logoOCEANFIRST FINANCIAL CORP. (NASDAQ:OCFC) Files An 8-K Results of Operations and Financial Condition (NASDAQ:OCFC)
marketexclusive.com - January 28 at 7:06 PM
seekingalpha.com logoOceanFirst Financial's (OCFC) CEO Christopher Maher on Q4 2016 Results - Earnings Call Transcript (NASDAQ:OCFC)
seekingalpha.com - January 28 at 5:26 AM
finance.yahoo.com logoEdited Transcript of OCFC earnings conference call or presentation 27-Jan-17 4:00pm GMT (NASDAQ:OCFC)
finance.yahoo.com - January 28 at 5:26 AM
4-traders.com logoOceanFirst Financial : posts 4Q profit (NASDAQ:OCFC)
www.4-traders.com - January 26 at 11:57 PM
News IconIs OceanFirst Financial Corp’s (OCFC) stock available for good price when we account for its growth? (NASDAQ:OCFC)
simplywall.st - January 26 at 11:57 PM
finance.yahoo.com logoOceanFirst Financial Corp. Announces Quarterly and Annual Financial Results (NASDAQ:OCFC)
finance.yahoo.com - January 26 at 11:57 PM
sg.finance.yahoo.com logoOceanFirst posts 4Q profit (NASDAQ:OCFC)
sg.finance.yahoo.com - January 26 at 11:57 PM
capitalcube.com logoOceanFirst Financial Corp. : OCFC-US: Dividend Analysis : November 07th, 2016 (record date) : By the numbers : January 5, 2017 (NASDAQ:OCFC)
www.capitalcube.com - January 5 at 11:06 PM
finance.yahoo.com logoWill OceanFirst Financial (OCFC) Continue to Surge Higher? (NASDAQ:OCFC)
finance.yahoo.com - December 16 at 7:42 PM
insidermonkey.com logoHedge Funds Are Crazy About OceanFirst Financial Corp. (OCFC) (NASDAQ:OCFC)
www.insidermonkey.com - December 8 at 7:25 PM
biz.yahoo.com logoOCEANFIRST FINANCIAL CORP Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Change in Directors (NASDAQ:OCFC)
biz.yahoo.com - December 6 at 9:35 AM
finance.yahoo.com logoWhy You Shouldn't Bet Against OceanFirst Financial (OCFC) Stock (NASDAQ:OCFC)
finance.yahoo.com - December 6 at 9:35 AM
biz.yahoo.com logoOCEANFIRST FINANCIAL CORP Files SEC form 8-K/A, Other Events (NASDAQ:OCFC)
biz.yahoo.com - December 6 at 9:35 AM
finance.yahoo.com logoOceanFirst Financial Corp. Completes Acquisition of Ocean Shore Holding Co. (NASDAQ:OCFC)
finance.yahoo.com - November 30 at 7:06 PM
News IconEquities Analysts Set Expectations for OceanFirst Financial Corp.’s FY2018 Earnings (OCFC) (NASDAQ:OCFC)
forextv.com - November 23 at 6:42 PM
biz.yahoo.com logoOCEANFIRST FINANCIAL CORP Files SEC form 8-K, Submission of Matters to a Vote of Security Holders, Other Events, Fina (NASDAQ:OCFC)
biz.yahoo.com - November 23 at 6:42 PM
finance.yahoo.com logoOceanFirst Financial Corp. and Ocean Shore Holding Co. Receive Stockholder Approvals for Merger (NASDAQ:OCFC)
finance.yahoo.com - November 23 at 9:48 AM
biz.yahoo.com logoOCEANFIRST FINANCIAL CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NASDAQ:OCFC)
biz.yahoo.com - November 16 at 6:54 PM
mysmartrend.com logoOceanFirst Financial Shares Up 21.6% Since SmarTrend's Buy Recommendation (OCFC) (NASDAQ:OCFC)
www.mysmartrend.com - November 14 at 6:54 PM
biz.yahoo.com logoOCEANFIRST FINANCIAL CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NASDAQ:OCFC)
biz.yahoo.com - November 8 at 6:18 PM
capitalcube.com logoETF’s with exposure to OceanFirst Financial Corp. : November 2, 2016 (NASDAQ:OCFC)
www.capitalcube.com - November 2 at 6:54 PM
capitalcube.com logoOceanFirst Financial Corp. :OCFC-US: Earnings Analysis: Q3, 2016 By the Numbers : October 31, 2016 (NASDAQ:OCFC)
www.capitalcube.com - October 31 at 12:43 PM
seekingalpha.com logoOceanFirst Financial's (OCFC) CEO Christopher Maher on Q3 2016 Results - Earnings Call Transcript (NASDAQ:OCFC)
seekingalpha.com - October 29 at 6:14 PM
biz.yahoo.com logoOCEANFIRST FINANCIAL CORP Files SEC form 8-K, Other Events (NASDAQ:OCFC)
biz.yahoo.com - October 28 at 6:22 PM
4-traders.com logoOceanFirst Financial : posts 3Q profit (NASDAQ:OCFC)
www.4-traders.com - October 27 at 6:39 PM
finance.yahoo.com logoOceanFirst Financial Corp. Announces Third Quarter Financial Results and 15% Increase to Quarterly Dividend (NASDAQ:OCFC)
finance.yahoo.com - October 27 at 6:39 PM
sg.finance.yahoo.com logoOceanFirst posts 3Q profit (NASDAQ:OCFC)
sg.finance.yahoo.com - October 26 at 6:37 PM
biz.yahoo.com logoQ3 2016 OceanFirst Financial Corp Earnings Release - After Market Close (NASDAQ:OCFC)
biz.yahoo.com - October 26 at 9:57 AM
capitalcube.com logoOceanFirst Financial Corp. breached its 50 day moving average in a Bullish Manner : OCFC-US : October 25, 2016 (NASDAQ:OCFC)
www.capitalcube.com - October 25 at 11:42 AM
finance.yahoo.com logoPeople's United (PBCT) Tops Q3 Earnings on High Revenues (NASDAQ:OCFC)
finance.yahoo.com - October 21 at 9:59 AM
capitalcube.com logoOceanFirst Financial Corp. : OCFC-US: Dividend Analysis : August 08th, 2016 (record date) : By the numbers : October 18, 2016 (NASDAQ:OCFC)
www.capitalcube.com - October 18 at 6:26 PM
capitalcube.com logoOceanFirst Financial Corp. breached its 50 day moving average in a Bearish Manner : OCFC-US : October 7, 2016 (NASDAQ:OCFC)
www.capitalcube.com - October 7 at 11:39 AM
insidermonkey.com logoOceanfirst Financial Corp (OCFC): EJF Capital Adds to Its Position (NASDAQ:OCFC)
www.insidermonkey.com - September 28 at 11:34 AM
publicnow.com logoOceanFirst Financial Corp. Schedules Earnings Conference Call (NASDAQ:OCFC)
www.publicnow.com - September 27 at 6:24 PM
4-traders.com logoOceanFirst Financial Corp. : Announces Pricing of $35 Million of 5.125% Subordinated Notes (NASDAQ:OCFC)
www.4-traders.com - September 27 at 11:07 AM
capitalcube.com logoOceanFirst Financial Corp. breached its 50 day moving average in a Bearish Manner : OCFC-US : September 27, 2016 (NASDAQ:OCFC)
www.capitalcube.com - September 27 at 11:07 AM
News IconFast-growing South Jersey bank raises $35M (NASDAQ:OCFC)
www.bignewsnetwork.com - September 23 at 11:13 AM
biz.yahoo.com logoOCEANFIRST FINANCIAL CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financ (NASDAQ:OCFC)
biz.yahoo.com - September 21 at 6:10 PM
News IconMartha Stokes: Spatial Pattern Recognition Skills Are An Essential Trading Skill Set ANSWERS INDEPTH EXPLANATIONS (NASDAQ:OCFC)
stockcharts.com - September 17 at 10:57 AM
publicnow.com logoOceanFirst Financial Corp. Announces Pricing of $35 Million of 5.125% Subordinated Notes (NASDAQ:OCFC)
www.publicnow.com - September 16 at 6:19 PM

Social

What is OceanFirst Financial Corp.'s stock symbol?

OceanFirst Financial Corp. trades on the NASDAQ under the ticker symbol "OCFC."

How often does OceanFirst Financial Corp. pay dividends? What is the dividend yield for OceanFirst Financial Corp.?

OceanFirst Financial Corp. declared a quarterly dividend on Thursday, January 26th. Stockholders of record on Monday, February 6th will be paid a dividend of $0.15 per share on Friday, February 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, February 2nd. This is a boost from OceanFirst Financial Corp.'s previous quarterly dividend of $0.13.

Where is OceanFirst Financial Corp.'s stock going? Where will OceanFirst Financial Corp.'s stock price be in 2017?

2 brokerages have issued 1 year target prices for OceanFirst Financial Corp.'s stock. Their predictions range from $22.00 to $22.00. On average, they expect OceanFirst Financial Corp.'s stock price to reach $22.00 in the next twelve months.

When will OceanFirst Financial Corp. announce their earnings?

OceanFirst Financial Corp. is scheduled to release their next quarterly earnings announcement on Wednesday, April, 19th 2017.

Who owns OceanFirst Financial Corp. stock?

OceanFirst Financial Corp.'s stock is owned by many different of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (3.85%), Brown Advisory Inc. (3.53%), Renaissance Technologies LLC (3.40%), FJ Capital Management LLC (2.06%), State Street Corp (1.74%) and Foresters Investment Management Company Inc. (0.97%). Company insiders that own OceanFirst Financial Corp. stock include Angelo Catania, John R Garbarino, Joseph R Iantosca and Michael D Devlin.

Who sold OceanFirst Financial Corp. stock? Who is selling OceanFirst Financial Corp. stock?

OceanFirst Financial Corp.'s stock was sold by a variety of institutional investors in the last quarter, including Integre Asset Management LLC, Hanlon Investment Management Inc., Renaissance Technologies LLC, AlphaOne Investment Services LLC and Richard C. Young & CO. LTD.. Company insiders that have sold OceanFirst Financial Corp. stock in the last year include Angelo Catania, John R Garbarino, Joseph R Iantosca and Michael D Devlin.

Who bought OceanFirst Financial Corp. stock? Who is buying OceanFirst Financial Corp. stock?

OceanFirst Financial Corp.'s stock was purchased by a variety of institutional investors in the last quarter, including Loomis Sayles & Co. L P, Dimensional Fund Advisors LP, State Street Corp, Royce & Associates LP, Brown Advisory Inc., Martingale Asset Management L P, Comerica Bank and Russell Investments Group Ltd..

How do I buy OceanFirst Financial Corp. stock?

Shares of OceanFirst Financial Corp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of OceanFirst Financial Corp. stock cost?

One share of OceanFirst Financial Corp. stock can currently be purchased for approximately $29.38.

OceanFirst Financial Corp. (NASDAQ:OCFC) Chart for Friday, February, 24, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for OceanFirst Financial Corp. (NASDAQ:OCFC)

Earnings History Chart

Earnings by Quarter for OceanFirst Financial Corp. (NASDAQ:OCFC)

Dividend History Chart

Dividend Payments by Quarter for OceanFirst Financial Corp. (NASDAQ:OCFC)

Last Updated on 2/24/2017 by MarketBeat.com Staff