OceanFirst Financial (OCFC) Stock Forecast, Price & News

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.

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.

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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our OCFC earnings forecast.

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%.

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.

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).

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.

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.

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).

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

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.
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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.
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One share of OCFC stock can currently be purchased for approximately $16.48.

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.

The company employs 894 workers across the globe.

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.