S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
NASDAQ:OCFC

OceanFirst Financial (OCFC) Stock Price, News & Analysis

$15.18
+0.59 (+4.04%)
(As of 04/19/2024 ET)
Today's Range
$14.35
$15.21
50-Day Range
$14.47
$16.41
52-Week Range
$12.01
$19.58
Volume
358,568 shs
Average Volume
239,950 shs
Market Capitalization
$903.67 million
P/E Ratio
8.88
Dividend Yield
5.27%
Price Target
$18.50

OceanFirst Financial MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
21.9% Upside
$18.50 Price Target
Short Interest
Healthy
2.28% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.26mentions of OceanFirst Financial in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
18.75%
From $1.76 to $2.09 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.67 out of 5 stars

Finance Sector

429th out of 857 stocks

National Commercial Banks Industry

53rd out of 83 stocks

OCFC stock logo

About OceanFirst Financial Stock (NASDAQ:OCFC)

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.

OCFC Stock Price History

OCFC Stock News Headlines

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Oceanfirst Financial (OCFC) Receives a Buy from KBW
OceanFirst: Q1 Earnings Snapshot
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A brand-new guide from the host of one of the world's largest cryptocurrency podcasts lays out an action plan that could help you retire quickly and comfortably in today's crypto market.
What Wall Street expects from OceanFirst Financial's earnings
OCFC Jun 2024 15.000 call
OCFC OceanFirst Financial Corp.
Q4 2023 OceanFirst Financial Corp Earnings Call
Recap: OceanFirst Financial Q4 Earnings
See More Headlines
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Company Calendar

Last Earnings
10/28/2021
Today
4/21/2024
Ex-Dividend for 5/17 Dividend
5/03/2024
Ex-Dividend for 5/17 Dividend
5/03/2024
Dividend Payable
5/17/2024
Dividend Payable
5/17/2024
Next Earnings (Estimated)
7/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Thrifts & Mortgage Finance
Current Symbol
NASDAQ:OCFC
CUSIP
67523410
Employees
878
Year Founded
1902

Price Target and Rating

Average Stock Price Target
$18.50
High Stock Price Target
$22.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+21.9%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$104.03 million
Pretax Margin
21.32%

Debt

Sales & Book Value

Annual Sales
$641.60 million
Cash Flow
$2.15 per share
Book Value
$27.97 per share

Miscellaneous

Free Float
56,794,000
Market Cap
$903.67 million
Optionable
Optionable
Beta
1.00

Social Links

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Key Executives

  • Mr. Christopher D. Maher (Age 57)
    Chairman & CEO
    Comp: $1.97M
  • Mr. Joseph J. Lebel IIIMr. Joseph J. Lebel III (Age 62)
    President, COO & Director
    Comp: $1.28M
  • Mr. Patrick S. Barrett (Age 60)
    CFO & Executive VP
    Comp: $1.03M
  • Mr. Steven J. Tsimbinos Esq. (Age 54)
    Executive VP, General Counsel & Corporate Secretary
    Comp: $645.83k
  • Ms. Michele B. Estep (Age 54)
    EVP and Chief Administrative Officer of OceanFirst Bank, N.A.
    Comp: $649.23k
  • Mr. Patrick Chong (Age 35)
    Senior VP, Corporate Controller & Principal Accounting Officer
  • Ms. Angela K. Ho (Age 40)
    Senior VP & Chief Compliance Officer
  • Mr. Anthony Giordano III (Age 58)
    Executive VP & Chief of Banking Operations
  • Mr. Brian E. Schaeffer CISA
    CISSP, Senior VP & Chief Information Security Officer
  • Mr. David R. Howard
    First Senior VP & Treasurer

OCFC Stock Analysis - Frequently Asked Questions

Should I buy or sell OceanFirst Financial stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" OCFC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OCFC, but not buy additional shares or sell existing shares.
View OCFC analyst ratings
or view top-rated stocks.

What is OceanFirst Financial's stock price target for 2024?

4 analysts have issued 12-month price targets for OceanFirst Financial's shares. Their OCFC share price targets range from $15.00 to $22.00. On average, they expect the company's stock price to reach $18.50 in the next twelve months. This suggests a possible upside of 21.9% from the stock's current price.
View analysts price targets for OCFC
or view top-rated stocks among Wall Street analysts.

How have OCFC shares performed in 2024?

OceanFirst Financial's stock was trading at $17.36 at the beginning of the year. Since then, OCFC shares have decreased by 12.6% and is now trading at $15.18.
View the best growth stocks for 2024 here
.

When is OceanFirst Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 18th 2024.
View our OCFC earnings forecast
.

How were OceanFirst Financial's earnings last quarter?

OceanFirst Financial Corp. (NASDAQ:OCFC) released its earnings results on Thursday, October, 28th. The savings and loans company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.04. The savings and loans company earned $87.02 million during the quarter, compared to analyst estimates of $87.56 million. OceanFirst Financial had a trailing twelve-month return on equity of 6.19% and a net margin of 15.54%.

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

OceanFirst Financial announced a quarterly dividend on Thursday, April 18th. Shareholders of record on Monday, May 6th will be given a dividend of $0.20 per share on Friday, May 17th. This represents a $0.80 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date is Friday, May 3rd.
Read our dividend analysis for OCFC
.

Is OceanFirst Financial a good dividend stock?

OceanFirst Financial (NASDAQ:OCFC) pays an annual dividend of $0.80 per share and currently has a dividend yield of 5.27%. OCFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 46.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OCFC will have a dividend payout ratio of 38.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OCFC.

What is Christopher D. Maher's approval rating as OceanFirst Financial's CEO?

21 employees have rated OceanFirst Financial Chief Executive Officer Christopher D. Maher on Glassdoor.com. Christopher D. Maher has an approval rating of 97% among the company's employees. This puts Christopher D. Maher in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of OceanFirst Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other OceanFirst Financial investors own include B&G Foods (BGS), Occidental Petroleum (OXY), Pfizer (PFE), AT&T (T), Bank of America (BAC), Walt Disney (DIS), Eastman Chemical (EMN), Enterprise Products Partners (EPD), Invesco (IVZ) and Johnson & Johnson (jnj).

Who are OceanFirst Financial's major shareholders?

OceanFirst Financial's stock is owned by a number of retail and institutional investors. Top institutional investors include Hennessy Advisors Inc. (0.35%), Eagle Wealth Strategies LLC (0.11%) and Hennion & Walsh Asset Management Inc. (0.02%). Insiders that own company stock include Angela K Ho, Anthony Giordano III, Christopher Maher, Jack M Farris, John F Barros, Joseph Lebel III, Joseph M Jr Murphy, Karthik Sridharan, Michael D Devlin, Michele B Estep, Nicos Katsoulis, Patricia Lynne Turner, Patrick Sean Barrett, Robert C Garrett and Steven James Tsimbinos.
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.
Compare Top Brokerages Here.

This page (NASDAQ:OCFC) was last updated on 4/21/2024 by MarketBeat.com Staff

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