NASDAQ:OCFC OceanFirst Financial (OCFC) Stock Forecast, Price & News $14.65 -0.13 (-0.88%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$14.61▼$14.8950-Day Range$14.65▼$19.1752-Week Range$12.81▼$24.93Volume208,091 shsAverage Volume243,798 shsMarket Capitalization$870.50 millionP/E Ratio6.00Dividend Yield5.46%Price Target$22.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media OceanFirst Financial MarketRank™ ForecastAnalyst RatingHold2.25 Rating ScoreUpside/Downside50.2% Upside$22.00 Price TargetShort InterestHealthy1.32% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment-0.03Based on 13 Articles This WeekInsider TradingN/AProj. Earnings Growth7.41%From $1.89 to $2.03 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.2.97 out of 5 starsFinance Sector96th out of 845 stocksNational Commercial Banks Industry24th out of 84 stocks 3.1 Analyst's Opinion Consensus RatingOceanFirst Financial has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $22.00, OceanFirst Financial has a forecasted upside of 50.2% from its current price of $14.65.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 Shorted1.32% 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 2.8, 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 7.24%, 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 5.46%, 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 32.79%. 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 39.41% 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 1.1 News and Social Media Coverage News SentimentOceanFirst Financial has a news sentiment score of -0.03. 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 is a lower news sentiment than the 0.71 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 13 news articles for OceanFirst Financial this week, compared to 2 articles on an average week. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, OceanFirst Financial insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 4.60% of the stock of OceanFirst Financial is held by insiders.Percentage Held by Institutions70.40% 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 7.41% in the coming year, from $1.89 to $2.03 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of OceanFirst Financial is 6.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.59.Price to Earnings Ratio vs. SectorThe P/E ratio of OceanFirst Financial is 6.00, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 66.21.Price to Book Value per Share RatioOceanFirst Financial has a P/B Ratio of 0.55. 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 the bank holding company for OceanFirst Bank N.A. that provides community banking services. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. The company also offers commercial real estate, multi-family, land loans, construction, 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 sells life insurance products. The company was founded in 1902 and is based in Red Bank, New Jersey.Read More OCFC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OCFC Stock News HeadlinesSeptember 21, 2023 | bizjournals.comOceanFirst bet on Boston. Two years later, it's paying offSeptember 21, 2023 | americanbankingnews.comOceanFirst Financial Corp. (NASDAQ:OCFC) Receives $22.75 Average Price Target from BrokeragesSeptember 24, 2023 | Altimetry (Ad)Fraud Expert: Dump these three popular stocksA major (and legal) market manipulation scheme is about to play out. It could cost you a fortune – or double your money. You choose. Find out what he knows, here.September 21, 2023 | americanbankingnews.comDA Davidson Equities Analysts Reduce Earnings Estimates for OceanFirst Financial Corp. (NASDAQ:OCFC)September 19, 2023 | finance.yahoo.comOceanFirst Financial Corp. Enhances Board and Announces Chief Risk Officer TransitionSeptember 19, 2023 | finance.yahoo.comOceanFirst Financial Corp. Enhances Board and Announces Chief Risk Officer TransitionSeptember 19, 2023 | americanbankingnews.comDA Davidson Lowers OceanFirst Financial (NASDAQ:OCFC) to NeutralSeptember 19, 2023 | msn.comDA Davidson Downgrades OceanFirst Financial (OCFC)September 24, 2023 | Altimetry (Ad)Fraud Expert: Dump these three popular stocksA major (and legal) market manipulation scheme is about to play out. It could cost you a fortune – or double your money. You choose. Find out what he knows, here.September 15, 2023 | finance.yahoo.comParticipation in office loan trips up New Jersey bankSeptember 14, 2023 | finance.yahoo.comOceanFirst warns charge-off from troubled office building loan will impact 3Q earningsAugust 26, 2023 | finance.yahoo.comHere's Why We Think OceanFirst Financial (NASDAQ:OCFC) Might Deserve Your Attention TodayAugust 11, 2023 | msn.comOceanFirst Financial: A 10.5% Yield To Call On The Preferred SharesJuly 25, 2023 | finance.yahoo.comOceanFirst Financial's (NASDAQ:OCFC) Dividend Will Be $0.20July 22, 2023 | finance.yahoo.comQ2 2023 OceanFirst Financial Corp Earnings CallJuly 21, 2023 | finanznachrichten.deOceanFirst Financial Corp.: Oceanfirst Financial Corp. Announces Second Quarter Financial ResultsJuly 21, 2023 | markets.businessinsider.comPiper Sandler Sticks to Their Hold Rating for Oceanfirst Financial (OCFC)July 20, 2023 | finance.yahoo.comOceanFirst Financial (OCFC) Lags Q2 Earnings and Revenue EstimatesJuly 20, 2023 | finance.yahoo.comOceanFirst (OCFC) Reports Q2 Earnings: What Key Metrics Have to SayJuly 19, 2023 | benzinga.comPreview: OceanFirst Financial's EarningsJuly 19, 2023 | markets.businessinsider.comOceanFirst Financial earnings: here's what to expectJuly 17, 2023 | finance.yahoo.comInvestors in OceanFirst Financial (NASDAQ:OCFC) have unfortunately lost 36% over the last five yearsJuly 11, 2023 | finance.yahoo.comOCFC - OceanFirst Financial Corp.July 6, 2023 | msn.comOceanFirst Financial (OCFC) Price Target Decreased by 11.28% to 20.06July 6, 2023 | finance.yahoo.comEveryone Wants Interest on Their Deposits. That’s Bad for Main Street Banks.June 29, 2023 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: Oceanfirst Financial (OCFC) and Cullen/Frost Bankers (CFR)June 22, 2023 | bizjournals.comOceanFirst plans to cut 5% to 10% from operating expenses, partly through attrition, back office consolidationSee More Headlines 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 Company Calendar Last Earnings7/20/2023Ex-Dividend for 8/18 Dividend8/04/2023Dividend Payable8/18/2023Today9/24/2023Next Earnings (Estimated)10/23/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry National commercial banks Sub-IndustryThrifts & Mortgage Finance SectorFinance Current SymbolNASDAQ:OCFC CUSIP67523410 CIK1004702 Webwww.oceanfirst.com Phone(732) 240-4500Fax302-655-5049Employees915Year Founded1902Price Target and Rating Average Stock Price Forecast$22.00 High Stock Price Forecast$26.00 Low Stock Price Forecast$17.00 Forecasted Upside/Downside+50.2%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$2.44 Trailing P/E Ratio6.00 Forward P/E Ratio7.75 P/E GrowthN/ANet Income$146.60 million Net Margins25.28% Pretax Margin33.45% Return on Equity8.70% Return on Assets1.05% Debt Debt-to-Equity Ratio0.81 Current Ratio1.03 Quick Ratio1.03 Sales & Book Value Annual Sales$490.27 million Price / Sales1.78 Cash Flow$2.83 per share Price / Cash Flow5.18 Book Value$26.81 per share Price / Book0.55Miscellaneous Outstanding Shares59,420,000Free Float56,689,000Market Cap$870.50 million OptionableOptionable Beta0.94 Social Links Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Get This Free Report Key ExecutivesMr. Christopher D. Maher (Age 56)Chairman & CEO Comp: $1.97MMr. Joseph J. Lebel III (Age 61)Pres, COO & Director Comp: $1.28MMr. Patrick S. Barrett (Age 59)CFO & Exec. VP Comp: $1.03MMr. Steven J. Tsimbinos Esq. (Age 53)Exec. VP, Gen. Counsel & Corp. Sec. Comp: $645.83kMs. Michele B. Estep (Age 53)EVP and Chief Admin. Officer of OceanFirst Bank, N.A. Comp: $649.23kMr. Patrick Chong (Age 34)Sr. VP, Corp. Controller & Principal Accounting Officer Ms. Angela K. Ho (Age 39)Sr. VP & Chief Compliance Officer Ms. Grace M. Vallacchi (Age 59)Exec. VP & Chief Risk Officer Mr. Anthony Giordano III (Age 57)Exec. VP & Chief of Banking Operations Mr. Brian E. Schaeffer CISACISSP, Sr. VP & Chief Information Security OfficerMore ExecutivesKey CompetitorsDime Community BancsharesNASDAQ:DCOMBanc of CaliforniaNYSE:BANCNorthwest BancsharesNASDAQ:NWBIWashington FederalNASDAQ:WAFDWSFS FinancialNASDAQ:WSFSView All CompetitorsInsiders & InstitutionsBarclays PLCBought 36,440 shares on 9/21/2023Ownership: 0.368%Farther Finance Advisors LLCSold 1,012 shares on 9/12/2023Ownership: 0.027%California State Teachers Retirement SystemSold 3,667 shares on 8/21/2023Ownership: 0.118%Nuveen Asset Management LLCBought 89,846 shares on 8/16/2023Ownership: 2.167%Parkside Financial Bank & TrustBought 1,071 shares on 8/15/2023Ownership: 0.003%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 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 forecast for 2023? 4 brokers have issued 1 year price objectives for OceanFirst Financial's shares. Their OCFC share price forecasts range from $17.00 to $26.00. On average, they expect the company's share price to reach $22.00 in the next twelve months. This suggests a possible upside of 50.2% 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 at the beginning of the year. Since then, OCFC stock has decreased by 31.1% and is now trading at $14.65. 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 Monday, October 23rd 2023. View our OCFC earnings forecast. How were OceanFirst Financial's earnings last quarter? OceanFirst Financial Corp. (NASDAQ:OCFC) posted its earnings results on Thursday, July, 20th. The savings and loans company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by $0.03. The savings and loans company earned $101.04 million during the quarter, compared to analyst estimates of $101.20 million. OceanFirst Financial had a trailing twelve-month return on equity of 8.70% and a net margin of 25.28%. How often does OceanFirst Financial pay dividends? What is the dividend yield for OceanFirst Financial? OceanFirst Financial announced a quarterly dividend on Tuesday, July 18th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.20 per share on Friday, August 18th. This represents a $0.80 annualized dividend and a dividend yield of 5.46%. The ex-dividend date is Friday, August 4th. 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 First Trust Small Cap Value AlphaDEX Fund (FYT).First Trust Small Cap Core AlphaDEX Fund (FYX). 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 5.46%. 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 32.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OCFC will have a dividend payout ratio of 39.41% 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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.22%), Dimensional Fund Advisors LP (5.63%), JPMorgan Chase & Co. (3.45%), State Street Corp (2.92%), Nuveen Asset Management LLC (2.17%) and Nuveen Asset Management LLC (2.17%). 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 $14.65. How much money does OceanFirst Financial make? OceanFirst Financial (NASDAQ:OCFC) has a market capitalization of $870.50 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 $2.44 on an earnings per share basis. How many employees does OceanFirst Financial have? The company employs 915 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 9/24/2023 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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