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S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80
S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80
S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80
S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80
NASDAQ:OCFC

OceanFirst Financial Stock Forecast, Price & News

$19.10
-0.14 (-0.73%)
(As of 07/6/2022 12:00 AM ET)
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Today's Range
$19.02
$19.28
50-Day Range
$18.54
$20.21
52-Week Range
$18.30
$24.25
Volume
143,401 shs
Average Volume
245,089 shs
Market Capitalization
$1.13 billion
P/E Ratio
11.44
Dividend Yield
3.53%
Price Target
$24.50

OceanFirst Financial MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
28.3% Upside
$24.50 Price Target
Short Interest
Bearish
2.41% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$204,069 Bought Last Quarter
Proj. Earnings Growth
24.11%
From $2.24 to $2.78 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.86 out of 5 stars

Finance Sector

54th out of 1,396 stocks

Federal Savings Institutions Industry

1st out of 65 stocks

30 days | 90 days | 365 days | Advanced Chart

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OceanFirst Financial logo

About OceanFirst Financial (NASDAQ:OCFC) Stock

OceanFirst 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, 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, wealth management, and trust and asset management services; and sells alternative investment products and life insurance products. As of December 31, 2021, it operated through its branch office in Toms River; administrative office located in Red Bank and Mount Laurel; 46 additional branch offices and four deposit production facilities located throughout central and southern New Jersey; and commercial loan production offices in New Jersey, New York City, the Philadelphia area, Baltimore, and Boston. The company was founded in 1902 and is based in Red Bank, New Jersey.

OCFC Stock News Headlines

Former Lawyer Went From $50K To $5.3M Trading Options
Slaving away for 70 hrs a week as a lawyer in Chicago, I was miserable. I ran into guys who worked the trading floor at the local exchange. I began trading the same way they did. I started out with $50K (much more than I needed, actually). I grew my $50K into $5.3M
OceanFirst Bank Publishes First ESG Report
Former Lawyer Went From $50K To $5.3M Trading Options
Slaving away for 70 hrs a week as a lawyer in Chicago, I was miserable. I ran into guys who worked the trading floor at the local exchange. I began trading the same way they did. I started out with $50K (much more than I needed, actually). I grew my $50K into $5.3M
OceanFirst Financial goes ex dividend tomorrow
OCFC Crosses Below Key Moving Average Level
See More Headlines

Industry, Sector and Symbol

Industry
Federal savings institutions
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
Current Symbol
NASDAQ:OCFC
CUSIP
67523410
Employees
894
Year Founded
1902

Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 5/20 Dividend
5/06/2022
Dividend Payable
5/20/2022
Today
7/06/2022
Next Earnings (Confirmed)
7/28/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$24.50
High Stock Price Forecast
$26.00
Low Stock Price Forecast
$23.50
Forecasted Upside/Downside
+28.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.66666666666667
Research Coverage
3 Analysts

Profitability

Net Income
$110.08 million
Pretax Margin
34.16%

Debt

Sales & Book Value

Annual Sales
$394.02 million
Cash Flow
$2.32 per share
Book Value
$25.52 per share

Miscellaneous

Free Float
57,133,000
Market Cap
$1.13 billion
Optionable
Optionable
Beta
0.83

Social Links















OceanFirst Financial Frequently Asked Questions

Should I buy or sell OceanFirst Financial stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last year. There are currently 1 hold rating and 2 buy ratings 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 is OceanFirst Financial's stock price forecast for 2022?

3 Wall Street research analysts have issued 12-month price targets for OceanFirst Financial's stock. Their OCFC stock forecasts range from $23.50 to $26.00. On average, they predict OceanFirst Financial's share price to reach $24.50 in the next year. This suggests a possible upside of 28.3% from the stock's current price.
View analysts' price targets for OceanFirst Financial
or view top-rated stocks among Wall Street analysts.

How has OceanFirst Financial's stock performed in 2022?

OceanFirst Financial's stock was trading at $22.20 at the beginning of the year. Since then, OCFC shares have decreased by 14.0% and is now trading at $19.10.
View the best growth stocks for 2022 here
.

When is OceanFirst Financial's next earnings date?

OceanFirst Financial is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022.
View our earnings forecast for OceanFirst Financial
.

How can I listen to OceanFirst Financial's earnings call?

OceanFirst Financial will be holding an earnings conference call on Friday, July 29th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "365681".

How were OceanFirst Financial's earnings last quarter?

OceanFirst Financial Corp. (NASDAQ:OCFC) issued its earnings results on Thursday, April, 28th. The savings and loans company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.46 by $0.03. The savings and loans company had revenue of $93.08 million for the quarter, compared to analyst estimates of $93.15 million. OceanFirst Financial had a trailing twelve-month return on equity of 7.69% and a net margin of 26.57%. During the same period last year, the company posted $0.44 EPS.
View OceanFirst Financial's earnings history
.

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

OceanFirst Financial announced a quarterly dividend on Saturday, April 30th. Stockholders of record on Monday, May 9th will be paid a dividend of $0.17 per share on Friday, May 20th. This represents a $0.68 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Friday, May 6th.
View OceanFirst Financial's dividend history
.

Is OceanFirst Financial a good dividend stock?

OceanFirst Financial(NASDAQ:OCFC) pays an annual dividend of $0.68 per share and currently has a dividend yield of 3.53%. The dividend payout ratio of OceanFirst Financial is 40.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OceanFirst Financial will have a dividend payout ratio of 24.46% next year. This indicates that OceanFirst Financial will be able to sustain or increase its dividend.
View OceanFirst Financial's dividend history.

Who are OceanFirst Financial's key executives?

OceanFirst Financial's management team includes the following people:
  • Mr. Christopher D. Maher, Chairman, Pres & CEO (Age 55, Pay $1.95M)
  • Mr. Joseph J. Lebel III, Pres, COO & Director (Age 60, Pay $1.26M) (LinkedIn Profile)
  • Mr. Steven J. Tsimbinos Esq., Exec. VP, Gen. Counsel & Corp. Sec. (Age 52, Pay $634.95k)
  • Mr. Michael J. Fitzpatrick, Consultant (Age 67, Pay $656.86k)
  • Mr. Patrick S. Barrett, CFO & Exec. VP of Fin. (Age 58)
  • Ms. Angela K. Ho, Sr. VP & Chief Accounting Officer (Age 38)
  • Mr. Karthik Sridharan, Exec. VP & Chief Information Officer (Age 52)
  • Ms. Jill Apito Hewitt, Sr. VP & Investor Relations Officer (Age 57)
  • Mr. David R. Howard, First Sr. VP & Treasurer
  • Ms. Michele B. Estep, EVP and Chief Admin. Officer of OceanFirst Bank, N.A. (Age 52)

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.

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."

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 $19.10.

How much money does OceanFirst Financial make?

OceanFirst Financial (NASDAQ:OCFC) has a market capitalization of $1.13 billion and generates $394.02 million in revenue each year. The savings and loans company earns $110.08 million in net income (profit) each year or $1.67 on an earnings per share basis.

How many employees does OceanFirst Financial have?

OceanFirst Financial employs 894 workers across the globe.

When was OceanFirst Financial founded?

OceanFirst Financial was founded in 1902.

How can I contact OceanFirst Financial?

OceanFirst Financial's mailing address is 110 West Front Street, Red Bank NJ, 07701. The official website for OceanFirst Financial 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 7/7/2022 by MarketBeat.com Staff

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