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NASDAQ:OCFC

OceanFirst Financial (OCFC) Stock Forecast, Price & News

$14.56
+0.26 (+1.82%)
(As of 12:04 PM ET)
Compare
Today's Range
$14.47
$14.69
50-Day Range
$14.30
$19.17
52-Week Range
$12.81
$24.93
Volume
86,484 shs
Average Volume
292,197 shs
Market Capitalization
$865.16 million
P/E Ratio
5.97
Dividend Yield
5.49%
Price Target
$22.00

OceanFirst Financial MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
53.8% Upside
$22.00 Price Target
Short Interest
Healthy
1.36% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.20mentions of OceanFirst Financial in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.98%
From $1.88 to $2.03 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.82 out of 5 stars

Finance Sector

167th out of 872 stocks

National Commercial Banks Industry

28th out of 86 stocks


OCFC stock 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, 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.

OCFC Price History

OCFC Stock News Headlines

Uranium Prices Surge as Nuclear Energy Becomes Key
Renewed interest in uranium and rising prices have created a favorable environment for new projects.
DA Davidson Lowers OceanFirst Financial (NASDAQ:OCFC) to Neutral
Uranium Prices Surge as Nuclear Energy Becomes Key
Renewed interest in uranium and rising prices have created a favorable environment for new projects.
Participation in office loan trips up New Jersey bank
Q2 2023 OceanFirst Financial Corp Earnings Call
Preview: OceanFirst Financial's Earnings
OceanFirst Financial earnings: here's what to expect
OCFC - OceanFirst Financial Corp.
See More Headlines
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OCFC Company Calendar

Last Earnings
7/20/2023
Ex-Dividend for 8/18 Dividend
8/04/2023
Dividend Payable
8/18/2023
Today
9/29/2023
Next Earnings (Confirmed)
10/19/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
Current Symbol
NASDAQ:OCFC
CUSIP
67523410
Employees
915
Year Founded
1902

Price Target and Rating

Average Stock Price Forecast
$22.00
High Stock Price Forecast
$26.00
Low Stock Price Forecast
$17.00
Forecasted Upside/Downside
+53.8%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$146.60 million
Pretax Margin
33.45%

Debt

Sales & Book Value

Annual Sales
$490.27 million
Cash Flow
$2.79 per share
Book Value
$26.81 per share

Miscellaneous

Free Float
56,689,000
Market Cap
$849.71 million
Optionable
Optionable
Beta
0.94

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Key Executives

  • Mr. Christopher D. Maher (Age 56)
    Chairman & CEO
    Comp: $1.97M
  • Mr. Joseph J. Lebel IIIMr. Joseph J. Lebel III (Age 61)
    Pres, COO & Director
    Comp: $1.28M
  • Mr. Patrick S. Barrett (Age 59)
    CFO & Exec. VP
    Comp: $1.03M
  • Mr. Steven J. Tsimbinos Esq. (Age 53)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $645.83k
  • Ms. Michele B. Estep (Age 53)
    EVP and Chief Admin. Officer of OceanFirst Bank, N.A.
    Comp: $649.23k
  • Mr. 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 CISA
    CISSP, Sr. VP & Chief Information Security Officer













OCFC Stock - Frequently Asked Questions

Should I buy or sell OceanFirst Financial stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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 brokerages have issued 1 year price objectives for OceanFirst Financial's stock. 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 53.8% 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 start of the year. Since then, OCFC stock has decreased by 32.7% and is now trading at $14.30.
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, October 19th 2023.
View our OCFC earnings forecast
.

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

OceanFirst Financial will be holding an earnings conference call on Friday, October 20th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 808-304-5227 with passcode "472846".

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 EPS for the quarter, missing the consensus estimate 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 declared a quarterly dividend on Tuesday, July 18th. Investors of record on Monday, August 7th will be given a dividend of $0.20 per share on Friday, August 18th. This represents a $0.80 annualized dividend and a yield of 5.59%. The ex-dividend date of this dividend 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 5.52%. 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."

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 $14.30.

How much money does OceanFirst Financial make?

OceanFirst Financial (NASDAQ:OCFC) has a market capitalization of $849.71 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 9/29/2023 by MarketBeat.com Staff

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