NASDAQ:OCFC - OceanFirst Financial Stock Price, Forecast & News

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

OceanFirst Financial announced a quarterly dividend on Wednesday, October 23rd. Shareholders of record on Monday, November 4th will be given a dividend of $0.17 per share on Friday, November 15th. This represents a $0.68 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Friday, November 1st. This is a positive change from OceanFirst Financial's previous quarterly dividend of $0.13. View OceanFirst Financial's Dividend History.

OceanFirst Financial Corp. (NASDAQ:OCFC) announced its quarterly earnings results on Thursday, October, 24th. The savings and loans company reported $0.54 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.51 by $0.03. The savings and loans company had revenue of $74.94 million for the quarter, compared to analysts' expectations of $75.33 million. OceanFirst Financial had a net margin of 26.72% and a return on equity of 9.46%. View OceanFirst Financial's Earnings History.

OceanFirst Financial is scheduled to release their next quarterly earnings announcement on Thursday, January 23rd 2020. View Earnings Estimates for OceanFirst Financial.

7 Wall Street analysts have issued 12 month price targets for OceanFirst Financial's stock. Their forecasts range from $21.50 to $28.00. On average, they anticipate OceanFirst Financial's share price to reach $25.30 in the next twelve months. This suggests a possible upside of 5.2% from the stock's current price. View Analyst Price Targets for OceanFirst Financial.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last year. There are currently 5 hold ratings, 1 buy rating and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for OceanFirst Financial.

News articles about OCFC stock have trended very negative on Wednesday, according to InfoTrie. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. OceanFirst Financial earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave news headlines about the savings and loans company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near term. View News Stories for OceanFirst Financial.

OceanFirst Financial saw a increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,180,000 shares, an increase of 12.4% from the September 30th total of 1,050,000 shares. Based on an average daily trading volume, of 220,700 shares, the days-to-cover ratio is currently 5.3 days. Approximately 2.4% of the shares of the stock are short sold. View OceanFirst Financial's Current Options Chain.

Some companies that are related to OceanFirst Financial include People's United Financial (PBCT), New York Community Bancorp (NYCB), TFS Financial (TFSL), Radian Group (RDN), MGIC Investment (MTG), Lendingtree (TREE), Washington Federal (WAFD), Simply Good Foods (SMPL), WSFS Financial (WSFS), LegacyTexas Financial Group (LTXB), Walker & Dunlop (WD), Capitol Federal Financial (CFFN), Northwest Bancshares (NWBI), Provident Financial Services (PFS) and Berkshire Hills Bancorp (BHLB).

Based on aggregate information from My MarketBeat watchlists, some companies that other OceanFirst Financial investors own include Walt Disney (DIS), Net Element (NETE), Amgen (AMGN), Great Southern Bancorp (GSBC), Blackstone Group (BX), Chemed (CHE), Ensco Rowan (ESV), Occidental Petroleum (OXY), SEI Investments (SEIC) and Bank of America (BAC).

OceanFirst Financial's stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (2.05%), Emerald Advisers LLC (1.39%), Emerald Mutual Fund Advisers Trust (1.39%), Wedge Capital Management L L P NC (0.77%), Keeley Teton Advisors LLC (0.74%) and Millennium Management LLC (0.66%). Company insiders that own OceanFirst Financial stock include Angelo Catania, Christopher Maher, Grace Vallacchi, John K Lloyd, Joseph J Burke, Joseph R Iantosca, Kimberly M Guadagno, Michael D Devlin, Samuel Young and Steven E Brady. View Institutional Ownership Trends for OceanFirst Financial.

OCFC stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Hennessy Advisors Inc., Keeley Teton Advisors LLC, Emerald Advisers LLC, Virginia National Bank, Comerica Bank, Wedge Capital Management L L P NC and GW Henssler & Associates Ltd.. Company insiders that have sold OceanFirst Financial company stock in the last year include Grace Vallacchi, Joseph R Iantosca, Michael D Devlin and Samuel Young. View Insider Buying and Selling for OceanFirst Financial.

OCFC stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, State of New Jersey Common Pension Fund D, First Trust Advisors LP, California Public Employees Retirement System, Barclays PLC, Emerald Mutual Fund Advisers Trust, Squarepoint Ops LLC and State Street Corp. Company insiders that have bought OceanFirst Financial stock in the last two years include Christopher Maher, John K Lloyd and Kimberly M Guadagno. View Insider Buying and Selling for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of OCFC stock can currently be purchased for approximately $24.05.

OceanFirst Financial has a market capitalization of $1.21 billion and generates $311.48 million in revenue each year. The savings and loans company earns $71.93 million in net income (profit) each year or $1.98 on an earnings per share basis. View Additional Information About OceanFirst Financial.

The official website for OceanFirst Financial is http://www.oceanfirst.com/.

OceanFirst Financial's mailing address is 110 West Front Street, Red Bank NJ, 07701. The savings and loans company can be reached via phone at 732-240-4500 or via email at [email protected]