NASDAQ:OCFC OceanFirst Financial (OCFC) Stock Forecast, Price & News $16.48 -0.11 (-0.66%) (As of 06/8/2023 ET) Add Compare Share Share Today's Range$15.99▼$16.6150-Day Range$12.99▼$18.4852-Week Range$12.81▼$24.93Volume264,134 shsAverage Volume300,117 shsMarket Capitalization$980.40 millionP/E Ratio6.70Dividend Yield4.85%Price Target$23.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media OceanFirst Financial MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside42.6% Upside$23.50 Price TargetShort InterestHealthy1.18% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.57Based on 5 Articles This WeekInsider TradingAcquiring Shares$311,175 Bought Last QuarterProj. Earnings Growth11.87%From $2.19 to $2.45 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.36 out of 5 starsFinance Sector17th out of 859 stocksFederal Savings Institutions Industry4th out of 37 stocks 3.3 Analyst's Opinion Consensus RatingOceanFirst Financial has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $23.50, OceanFirst Financial has a forecasted upside of 42.6% from its current price of $16.48.Amount of Analyst CoverageOceanFirst Financial has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.18% of the float of OceanFirst Financial has been sold short.Short Interest Ratio / Days to CoverOceanFirst Financial has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in OceanFirst Financial has recently decreased by 8.48%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipOceanFirst Financial is a leading dividend payer. It pays a dividend yield of 5.02%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthOceanFirst Financial has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of OceanFirst Financial is 32.52%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, OceanFirst Financial will have a dividend payout ratio of 32.65% next year. This indicates that OceanFirst Financial will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for OCFC. Previous Next 2.5 News and Social Media Coverage News SentimentOceanFirst Financial has a news sentiment score of 0.57. 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 news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for OceanFirst Financial this week, compared to 2 articles on an average week.Search Interest5 people have searched for OCFC on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, OceanFirst Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $311,175.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 4.60% of the stock of OceanFirst Financial is held by insiders.Percentage Held by Institutions69.77% of the stock of OceanFirst Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for OceanFirst Financial are expected to grow by 11.87% in the coming year, from $2.19 to $2.45 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of OceanFirst Financial is 6.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.90.Price to Earnings Ratio vs. SectorThe P/E ratio of OceanFirst Financial is 6.70, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 143.11.Price to Book Value per Share RatioOceanFirst Financial has a P/B Ratio of 0.61. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About OceanFirst Financial (NASDAQ:OCFC) StockOceanFirst Financial Corp. operates as a savings and loan holding company, which engages in the provision of financial services. Its subsidiary OceanFirst Bank, offers commercial and residential financing solutions, wealth management, and deposit services. It has retail branches throughout the state and in metropolitan New York City along with loan production offices in New Jersey, New York City and Pennsylvania. The company is headquartered in Red Bank, NJ.Read More Receive OCFC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for OceanFirst Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address OCFC Stock News HeadlinesJune 5, 2023 | bizjournals.comNestEgg raises $5M in round led by OceanFirst, Kentucky bankMay 26, 2023 | msn.comOceanFirst Financial: The Preferred Shares Offer A 14% Yield-To-(Likely) CallJune 8, 2023 | Behind the Markets (Ad)"Unknown laser company making HUGE profit from Russia-Ukraine War"On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>May 25, 2023 | finance.yahoo.comOCFCP - OceanFirst Financial Corp.May 22, 2023 | americanbankingnews.comOceanFirst Financial (NASDAQ:OCFC) Receives New Coverage from Analysts at StockNews.comMay 19, 2023 | americanbankingnews.comOceanFirst Financial Corp. (NASDAQ:OCFC) Given Consensus Rating of "Hold" by BrokeragesMay 14, 2023 | americanbankingnews.comOceanFirst Financial Corp. (NASDAQ:OCFC) CEO Christopher Maher Purchases 1,000 SharesMay 13, 2023 | americanbankingnews.comOceanFirst Financial (NASDAQ:OCFC) Reaches New 12-Month Low at $12.94June 8, 2023 | Stansberry Research (Ad)Bank Collapse Causes Gold Prices to SoarSilicon Valley Bank was the second-largest bank in American history to fail, and investors have started piling into the safety and security of gold. But if you're not taking advantage of a little-known way to invest for around $5 today, you're missing out.May 10, 2023 | americanbankingnews.comPatrick Sean Barrett Buys 1,000 Shares of OceanFirst Financial Corp. (NASDAQ:OCFC) StockMay 1, 2023 | finance.yahoo.comOceanFirst Financial Corp. (NASDAQ:OCFC) Q1 2023 Earnings Call TranscriptMay 1, 2023 | americanbankingnews.comInsider Buying: OceanFirst Financial Corp. (NASDAQ:OCFC) Director Purchases 6,473 Shares of StockApril 30, 2023 | finance.yahoo.comHere's What We Like About OceanFirst Financial's (NASDAQ:OCFC) Upcoming DividendApril 30, 2023 | americanbankingnews.comChristopher Maher Acquires 1,000 Shares of OceanFirst Financial Corp. (NASDAQ:OCFC) StockApril 28, 2023 | msn.comUnusual Call Option Trade in OceanFirst Financial (OCFC) Worth $19.25KApril 28, 2023 | americanbankingnews.comAnalysts Offer Predictions for OceanFirst Financial Corp.'s FY2023 Earnings (NASDAQ:OCFC)April 27, 2023 | americanbankingnews.comOceanFirst Financial Corp. (NASDAQ:OCFC) CFO Patrick Sean Barrett Purchases 1,000 Shares of StockApril 27, 2023 | americanbankingnews.comQ2 2023 Earnings Forecast for OceanFirst Financial Corp. (NASDAQ:OCFC) Issued By DA DavidsonApril 25, 2023 | msn.comDA Davidson Maintains OceanFirst Financial (OCFC) Buy RecommendationApril 24, 2023 | americanbankingnews.comOceanFirst Financial (NASDAQ:OCFC) Given Equal Weight Rating at StephensApril 24, 2023 | americanbankingnews.comOceanFirst Financial (NASDAQ:OCFC) Receives Equal Weight Rating from StephensApril 24, 2023 | americanbankingnews.comOceanFirst Financial (NASDAQ:OCFC) PT Lowered to $20.00 at DA DavidsonApril 24, 2023 | americanbankingnews.comOceanFirst Financial's (OCFC) Equal Weight Rating Reiterated at StephensApril 22, 2023 | msn.comStephens & Co. Reiterates OceanFirst Financial (OCFC) Equal-Weight RecommendationApril 22, 2023 | finance.yahoo.comQ1 2023 OceanFirst Financial Corp Earnings CallApril 21, 2023 | msn.comOceanFirst Financial (OCFC) Declares $0.20 DividendApril 21, 2023 | markets.businessinsider.comOceanfirst Financial (OCFC) Receives a Hold from StephensSee More Headlines OCFC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OCFC Company Calendar Last Earnings10/28/2021Ex-Dividend for 5/19 Dividend5/05/2023Dividend Payable5/19/2023Today6/08/2023Next Earnings (Estimated)7/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Federal savings institutions Sub-IndustryThrifts & Mortgage Finance SectorFinance Current SymbolNASDAQ:OCFC CUSIP67523410 CIK1004702 Webwww.oceanfirst.com Phone(732) 240-4500Fax302-655-5049Employees894Year Founded1902Price Target and Rating Average Stock Price Forecast$23.50 High Stock Price Forecast$26.00 Low Stock Price Forecast$20.00 Forecasted Upside/Downside+42.6%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$2.46 Trailing P/E Ratio6.70 Forward P/E Ratio7.53 P/E GrowthN/ANet Income$146.60 million Net Margins27.98% Pretax Margin37.01% Return on Equity9.33% Return on Assets1.13% Debt Debt-to-Equity Ratio0.98 Current Ratio1.05 Quick Ratio1.05 Sales & Book Value Annual Sales$490.27 million Price / Sales2.00 Cash Flow$2.93 per share Price / Cash Flow5.63 Book Value$26.81 per share Price / Book0.61Miscellaneous Outstanding Shares59,490,000Free Float56,750,000Market Cap$980.40 million OptionableOptionable Beta0.88 Social Links Key ExecutivesChristopher D. MaherChairman & Chief Executive OfficerJoseph J. LebelChief Operating Officer, Director & Executive VPPatrick Sean BarrettChief Financial Officer & Executive Vice PresidentKarthik SridharanChief Information Officer & Executive VPAngela K. HoChief Compliance OfficerKey CompetitorsCapitol Federal FinancialNASDAQ:CFFNBrookline BancorpNASDAQ:BRKLProvident Financial ServicesNYSE:PFSNorthfield Bancorp, Inc. (Staten Island, NY)NASDAQ:NFBKKearny FinancialNASDAQ:KRNYView All CompetitorsInsiders & InstitutionsJack M FarrisBought 100 shares on 6/2/2023Total: $1,476.00 ($14.76/share)Prelude Capital Management LLCSold 46,698 shares on 6/1/2023Ownership: 0.022%Brandywine Global Investment Management LLCBought 108,957 shares on 5/25/2023Ownership: 0.373%Ameriprise Financial Inc.Bought 34,974 shares on 5/22/2023Ownership: 1.475%Putnam Investments LLCBought 1,187 shares on 5/22/2023Ownership: 0.029%View All Insider TransactionsView All Institutional Transactions OCFC Stock - Frequently Asked Questions Should I buy or sell OceanFirst Financial stock right now? 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" OCFC shares. View OCFC analyst ratings or view top-rated stocks. What is OceanFirst Financial's stock price forecast for 2023? 4 brokerages have issued 12-month price objectives for OceanFirst Financial's stock. Their OCFC share price forecasts range from $20.00 to $26.00. On average, they anticipate the company's stock price to reach $23.50 in the next twelve months. This suggests a possible upside of 42.6% 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 2023? OceanFirst Financial's stock was trading at $21.25 on January 1st, 2023. Since then, OCFC stock has decreased by 22.4% and is now trading at $16.48. View the best growth stocks for 2023 here. When is OceanFirst Financial's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023. View our OCFC earnings forecast. How were OceanFirst Financial's earnings last quarter? OceanFirst Financial Corp. (NASDAQ:OCFC) released its quarterly earnings data on Thursday, October, 28th. The savings and loans company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.41 by $0.04. The savings and loans company earned $87.02 million during the quarter, compared to the consensus estimate of $87.56 million. OceanFirst Financial had a net margin of 27.98% and a trailing twelve-month return on equity of 9.33%. How often does OceanFirst Financial pay dividends? What is the dividend yield for OceanFirst Financial? OceanFirst Financial declared a quarterly dividend on Thursday, April 20th. Shareholders of record on Monday, May 8th will be paid a dividend of $0.20 per share on Friday, May 19th. This represents a $0.80 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend is Friday, May 5th. Read our dividend analysis for OCFC. What ETFs hold OceanFirst Financial's stock? ETFs with the largest weight of OceanFirst Financial (NASDAQ:OCFC) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), First Trust NASDAQ ABA Community Bank Index Fund (QABA), iShares US Small Cap Value Factor ETF (SVAL), First Trust Small Cap Value AlphaDEX Fund (FYT), Vanguard U.S. Value Factor (VFVA), Timothy Plan US Small Cap Core ETF (TPSC) and SPDR S&P Regional Banking ETF (KRE).Direxion Daily Regional Banks Bull 3x Shares (DPST). 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 5.02%. OCFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 32.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OCFC will have a dividend payout ratio of 32.65% 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). 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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.80%), Dimensional Fund Advisors LP (6.06%), JPMorgan Chase & Co. (4.47%), GW&K Investment Management LLC (2.73%), State Street Corp (2.69%) and Geode Capital Management LLC (1.97%). Insiders that own company stock include Angela K Ho, Anthony Giordano III, Christopher Maher, Grace Vallacchi, Jack M Farris, Joseph Lebel III, Joseph M Jr Murphy, Karthik Sridharan, Michael D Devlin, Michele B Estep, Nicos Katsoulis, Patricia Lynne Turner, Patrick Sean Barrett 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 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 $16.48. How much money does OceanFirst Financial make? OceanFirst Financial (NASDAQ:OCFC) has a market capitalization of $980.40 million and generates $490.27 million in revenue each year. The savings and loans company earns $146.60 million in net income (profit) each year or $2.46 on an earnings per share basis. How many employees does OceanFirst Financial have? The company employs 894 workers across the globe. How can I contact OceanFirst Financial? OceanFirst Financial's mailing address is 110 West Front Street, Red Bank NJ, 07701. The official website for the company is www.oceanfirst.com. The savings and loans company can be reached via phone at (732) 240-4500, via email at investorrelations@oceanfirst.com, or via fax at 302-655-5049. This page (NASDAQ:OCFC) was last updated on 6/8/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding OceanFirst Financial Corp. Please log in to your account or sign up in order to add this asset to your watchlist. 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