OceanFirst Financial Stock Forecast, Price & News

$21.83
+0.11 (+0.51 %)
(As of 06/11/2021 12:00 AM ET)
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Today's Range
$21.16
$22.02
50-Day Range
$21.42
$23.97
52-Week Range
$13.14
$25.76
Volume105,985 shs
Average Volume297,969 shs
Market Capitalization$1.32 billion
P/E Ratio17.05
Dividend Yield3.13%
Beta0.98
30 days | 90 days | 365 days | Advanced Chart
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OceanFirst Financial logo

About OceanFirst Financial

OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services. The company accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. It 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; 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; 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, wealth management, and trust and asset management services; and sells alternative investment products and life insurance products. As of December 31, 2020, the company operated through its branch office in Toms River; administrative/branch office located in Red Bank; 61 additional branch offices and six deposit production facilities located throughout central and southern New Jersey; and commercial loan production offices in New York City, the Philadelphia area, as well as Atlantic, and Mercer Counties in New Jersey. OceanFirst Financial Corp. was founded in 1902 and is based in Red Bank, New Jersey.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

2.14 out of 5 stars

Finance Sector

110th out of 1,975 stocks

Federal Savings Institutions Industry

3rd out of 109 stocks

Analyst Opinion: 1.4Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
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OceanFirst Financial (NASDAQ:OCFC) Frequently Asked Questions

Is OceanFirst Financial a buy right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last twelve months. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" OceanFirst Financial stock.
View analyst ratings for OceanFirst Financial
or view top-rated stocks.

What stocks does MarketBeat like better than OceanFirst Financial?

Wall Street analysts have given OceanFirst Financial a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but OceanFirst Financial wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is OceanFirst Financial's next earnings date?

OceanFirst Financial is scheduled to release its next quarterly earnings announcement on Thursday, July 22nd 2021.
View our earnings forecast for OceanFirst Financial
.

How were OceanFirst Financial's earnings last quarter?

OceanFirst Financial Corp. (NASDAQ:OCFC) released its quarterly earnings data on Thursday, April, 29th. The savings and loans company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The savings and loans company had revenue of $94.44 million for the quarter, compared to analyst estimates of $87.50 million. OceanFirst Financial had a net margin of 17.65% and a trailing twelve-month return on equity of 4.93%.
View OceanFirst Financial's earnings history
.

How has OceanFirst Financial's stock price been impacted by Coronavirus (COVID-19)?

OceanFirst Financial's stock was trading at $16.37 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, OCFC shares have increased by 33.4% and is now trading at $21.83.
View which stocks have been most impacted by COVID-19
.

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

OceanFirst Financial declared a quarterly dividend on Thursday, April 29th. Investors of record on Monday, May 10th will be paid a dividend of $0.17 per share on Friday, May 21st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Friday, May 7th.
View OceanFirst Financial's dividend history
.

Is OceanFirst Financial a good dividend stock?

OceanFirst Financial pays an annual dividend of $0.68 per share and currently has a dividend yield of 3.13%. OceanFirst Financial does not yet have a strong track record of dividend growth. The dividend payout ratio of OceanFirst Financial is 56.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OceanFirst Financial will have a dividend payout ratio of 36.76% next year. This indicates that OceanFirst Financial will be able to sustain or increase its dividend.
View OceanFirst Financial's dividend history.

What price target have analysts set for OCFC?

6 brokerages have issued twelve-month price targets for OceanFirst Financial's shares. Their forecasts range from $17.00 to $28.00. On average, they expect OceanFirst Financial's share price to reach $23.33 in the next twelve months. This suggests a possible upside of 6.9% from the stock's current price.
View analysts' price targets for OceanFirst Financial
or view top-rated stocks among Wall Street analysts.

Who are OceanFirst Financial's key executives?

OceanFirst Financial's management team includes the following people:
  • Mr. Christopher D. Maher, Chairman & CEO (Age 54, Pay $1.71M)
  • Mr. Joseph J. Lebel III, Pres, COO & Director (Age 59, Pay $742.61k)
  • Mr. Michael J. Fitzpatrick, Exec. VP & CFO (Age 66, Pay $724.53k)
  • Mr. Steven J. Tsimbinos Esq., Exec. VP, Gen. Counsel & Corp. Sec. (Age 51, Pay $534.71k)
  • Ms. Grace M. Vallacchi, Exec. VP, Chief Risk Officer & Director (Age 57, Pay $529.01k)
  • Ms. Angela K. Ho, Chief Accounting Officer (Age 37)
  • Mr. Karthik Sridharan, Exec. VP & Chief Information Officer (Age 51)
  • Ms. Michele B. Estep, Exec. VP & Chief Admin. Officer (Age 51)
  • Ms. Jill Apito Hewitt, Sr. VP & Investor Relations Officer (Age 56)
  • Mr. Joseph R. Iantosca, Consultant (Age 61)

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

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

Who are some of OceanFirst Financial's key competitors?

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), The Walt Disney (DIS), Eastman Chemical (EMN), Enterprise Products Partners (EPD), Invesco (IVZ) and Johnson & Johnson (jnj).

What is OceanFirst Financial's stock symbol?

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

Who are OceanFirst Financial's major shareholders?

OceanFirst Financial's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.58%), Dimensional Fund Advisors LP (5.26%), Goldman Sachs Group Inc. (3.14%), Endeavour Capital Advisors Inc. (3.08%), GW&K Investment Management LLC (3.05%) and Geode Capital Management LLC (1.68%). Company insiders that own OceanFirst Financial stock include Angela K Ho, Anthony Giordano III, Christopher Maher, Grace Vallacchi, Joseph Lebel III, Michael D Devlin, Michele B Estep, Nicos Katsoulis, Patricia Lynne Turner, Steven E Brady, Steven James Tsimbinos and William D Moss.
View institutional ownership trends for OceanFirst Financial
.

Which major investors are selling OceanFirst Financial stock?

OCFC stock was sold by a variety of institutional investors in the last quarter, including Northern Trust Corp, Renaissance Technologies LLC, William Blair Investment Management LLC, Royce & Associates LP, Mariner LLC, Morgan Stanley, Endeavour Capital Advisors Inc., and Wedge Capital Management L L P NC. Company insiders that have sold OceanFirst Financial company stock in the last year include Angela K Ho, Anthony Giordano III, Christopher Maher, Grace Vallacchi, Joseph Lebel III, Michael D Devlin, and Michele B Estep.
View insider buying and selling activity for OceanFirst Financial
or view top insider-selling stocks.

Which major investors are buying OceanFirst Financial stock?

OCFC stock was bought by a variety of institutional investors in the last quarter, including Emerald Mutual Fund Advisers Trust, BlackRock Inc., Peregrine Capital Management LLC, GW&K Investment Management LLC, Emerald Advisers LLC, Mendon Capital Advisors Corp, Federated Hermes Inc., and Stephens Inc. AR. Company insiders that have bought OceanFirst Financial stock in the last two years include Nicos Katsoulis, Patricia Lynne Turner, and Steven James Tsimbinos.
View insider buying and selling activity for OceanFirst Financial
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is OceanFirst Financial's stock price today?

One share of OCFC stock can currently be purchased for approximately $21.83.

How much money does OceanFirst Financial make?

OceanFirst Financial has a market capitalization of $1.32 billion and generates $453.53 million in revenue each year. The savings and loans company earns $63.31 million in net income (profit) each year or $1.20 on an earnings per share basis.

How many employees does OceanFirst Financial have?

OceanFirst Financial employs 949 workers across the globe.

What is OceanFirst Financial's official website?

The official website for OceanFirst Financial is www.oceanfirst.com.

Where are OceanFirst Financial's headquarters?

OceanFirst Financial is headquartered at 110 West Front Street, Red Bank NJ, 07701.

How can I contact OceanFirst Financial?

OceanFirst Financial's mailing address is 110 West Front Street, Red Bank NJ, 07701. The savings and loans company can be reached via phone at 732-240-4500 or via email at [email protected]


This page was last updated on 6/12/2021 by MarketBeat.com Staff
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