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 paid a dividend of $0.17 per share on Friday, November 15th. This represents a $0.68 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Friday, November 1st. This is an increase from OceanFirst Financial's previous quarterly dividend of $0.13. View OceanFirst Financial's Dividend History.

OceanFirst Financial Corp. (NASDAQ:OCFC) issued its quarterly earnings data on Thursday, October, 24th. The savings and loans company reported $0.54 EPS for the quarter, topping the Zacks' consensus estimate of $0.51 by $0.03. The savings and loans company earned $74.94 million during 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 target prices for OceanFirst Financial's shares. Their forecasts range from $21.50 to $28.00. On average, they anticipate OceanFirst Financial's stock 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 somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. OceanFirst Financial earned a news sentiment score of 1.7 on InfoTrie's scale. They also gave headlines about the savings and loans company a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an effect on the company's share price in the near future. 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 short-interest ratio is presently 5.3 days. Currently, 2.4% of the company's stock are sold short. View OceanFirst Financial's Current Options Chain.

Some companies that are related to OceanFirst Financial include People's United Financial (PBCT), TFS Financial (TFSL), New York Community Bancorp (NYCB), 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 institutional and retail 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 $24.06.

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]