OceanFirst Financial Corp. operates as the holding company for OceanFirst Bank N.A. that provides a range of community banking services. The company offers various deposit products to retail, government, and business customers, including money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits. It also provides commercial real estate, multi-family mortgage, and land loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; consumer loans, such as home equity loans and lines of credit, overdraft line of credit, loans on savings accounts, and other consumer loans; and commercial and industrial loans, and lines of credit. In addition, the company invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments. Further, it offers bankcard and wealth management services; and sells alternative investment products and life insurance products. The company operates through an administrative/branch office located in Toms River, New Jersey; and 45 additional branch offices and 3 deposit production facilities in central and southern New Jersey, as well as operates a wealth management office in Ocean County, and commercial loan production offices in the Philadelphia area and Atlantic, Cape May, and Mercer Counties in New Jersey. OceanFirst Financial Corp. was founded in 1902 and is based in Toms River, New Jersey.
Industry, Sector and Symbol
Industry Federal savings institutions
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Phone732-240-4500
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$311.48 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date4/25/2019 (Estimated)
OptionableOptionable
OceanFirst Financial (NASDAQ:OCFC) Frequently Asked Questions
What is OceanFirst Financial's stock symbol?
OceanFirst Financial trades on the NASDAQ under the ticker symbol "OCFC."
How often does OceanFirst Financial pay dividends? What is the dividend yield for OceanFirst Financial?
OceanFirst Financial announced a quarterly dividend on Friday, January 25th. Shareholders of record on Monday, February 4th will be given a dividend of $0.17 per share on Friday, February 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Friday, February 1st. View OceanFirst Financial's Dividend History.
How will OceanFirst Financial's stock buyback program work?
OceanFirst Financial declared that its Board of Directors has authorized a stock buyback plan on Sunday, June 4th 2017, which permits the company to buyback 1,600,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its stock is undervalued.
How were OceanFirst Financial's earnings last quarter?
OceanFirst Financial Corp. (NASDAQ:OCFC) announced its quarterly earnings data on Thursday, January, 24th. The savings and loans company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.02. The savings and loans company earned $70.59 million during the quarter, compared to analyst estimates of $72.11 million. OceanFirst Financial had a return on equity of 9.26% and a net margin of 23.09%. View OceanFirst Financial's Earnings History.
When is OceanFirst Financial's next earnings date?
What price target have analysts set for OCFC?
4 analysts have issued 12 month price targets for OceanFirst Financial's stock. Their forecasts range from $28.00 to $34.00. On average, they anticipate OceanFirst Financial's stock price to reach $32.25 in the next year. This suggests a possible upside of 30.5% from the stock's current price. View Analyst Price Targets for OceanFirst Financial.
What is the consensus analysts' recommendation for OceanFirst Financial?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for OceanFirst Financial.
Has OceanFirst Financial been receiving favorable news coverage?
News stories about OCFC stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. OceanFirst Financial earned a media sentiment score of -1.5 on InfoTrie's scale. They also gave press coverage about the savings and loans company a news buzz of 8.0 out of 10, indicating that recent news coverage is very likely to have an effect on the company's share price in the next several days.
Who are some of OceanFirst Financial's key competitors?
Some companies that are related to OceanFirst Financial include TFS Financial (TFSL), Umpqua (UMPQ), BankUnited (BKU), LegacyTexas Financial Group (LTXB), Flagstar Bancorp (FBC), Axos Financial (AX), Capitol Federal Financial (CFFN), Columbia Financial (CLBK), Provident Financial Services (PFS), Kearny Financial (KRNY), Brookline Bancorp (BRKL), Meta Financial Group (CASH), Dime Community Bancshares (DCOM), Northfield Bancorp (NFBK) and First Defiance Financial (FDEF).
What other stocks do shareholders of OceanFirst Financial own?
Who are OceanFirst Financial's key executives?
OceanFirst Financial's management team includes the folowing people:
- Mr. Christopher D. Maher, Chairman, Pres & CEO (Age 52)
- Mr. Michael J. Fitzpatrick, Exec. VP & CFO (Age 64)
- Mr. Joseph J. Lebel III, Exec. VP & Chief Operating Officer (Age 57)
- Mr. Joseph R. Iantosca, Exec. VP & Chief Information Officer (Age 59)
- Mr. Steven J. Tsimbinos, Exec. VP, Gen. Counsel & Corp. Sec. (Age 49)
Who are OceanFirst Financial's major shareholders?
OceanFirst Financial's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.16%), Dimensional Fund Advisors LP (5.93%), Brown Advisory Inc. (2.45%), Victory Capital Management Inc. (2.42%), FMR LLC (1.62%) and Skyline Asset Management LP (1.53%). Company insiders that own OceanFirst Financial stock include Angelo Catania, Christopher Maher, Donald E Mclaughlin, Grace Vallacchi, John K Lloyd, John R Garbarino, Joseph J Burke, Joseph Lebel III, Joseph R Iantosca, Kimberly M Guadagno, Michael D Devlin and Steven E Brady. View Institutional Ownership Trends for OceanFirst Financial.
Which institutional investors are selling OceanFirst Financial stock?
OCFC stock was sold by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Brown Advisory Inc., Wedge Capital Management L L P NC, AlphaOne Investment Services LLC, Keeley Teton Advisors LLC, Bank of New York Mellon Corp, Skyline Asset Management LP and Millennium Management LLC. Company insiders that have sold OceanFirst Financial company stock in the last year include Grace Vallacchi, Joseph R Iantosca and Michael D Devlin. View Insider Buying and Selling for OceanFirst Financial.
Which institutional investors are buying OceanFirst Financial stock?
OCFC stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Peregrine Capital Management LLC, Dimensional Fund Advisors LP, Victory Capital Management Inc., Geode Capital Management LLC, Geode Capital Management LLC, Martingale Asset Management L P and Bessemer Group Inc.. Company insiders that have bought OceanFirst Financial stock in the last two years include Christopher Maher, John K Lloyd and Kimberly M Guadagno. View Insider Buying and Selling for OceanFirst Financial.
How do I buy shares of OceanFirst Financial?
Shares of OCFC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is OceanFirst Financial's stock price today?
One share of OCFC stock can currently be purchased for approximately $24.72.
How big of a company is OceanFirst Financial?
OceanFirst Financial has a market capitalization of $1.20 billion and generates $311.48 million in revenue each year. The savings and loans company earns $71.93 million in net income (profit) each year or $1.98 on an earnings per share basis.
What is OceanFirst Financial's official website?
How can I contact OceanFirst Financial?
OceanFirst Financial's mailing address is 975 HOOPER AVE, TOMS RIVER NJ, 08723. The savings and loans company can be reached via phone at 732-240-4500 or via email at [email protected]
MarketBeat Community Rating for OceanFirst Financial (NASDAQ OCFC)
MarketBeat's community ratings are surveys of what our community members think about OceanFirst Financial and other stocks. Vote "Outperform" if you believe OCFC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OCFC will underperform the S&P 500 over the long term. You may vote once every thirty days.
