NASDAQ:OCFC - OceanFirst Financial Stock Price, Price Target & More

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

OceanFirst Financial declared a quarterly dividend on Friday, April 27th. Investors of record on Monday, May 7th will be paid a dividend of $0.15 per share on Friday, May 18th. This represents a $0.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Friday, May 4th. View OceanFirst Financial's Dividend History.

OceanFirst Financial declared that its Board of Directors has authorized a share repurchase plan on Sunday, June 4th 2017, which allows the company to buyback 1,600,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

OceanFirst Financial Corp. (NASDAQ:OCFC) released its quarterly earnings results on Thursday, April, 26th. The savings and loans company reported $0.45 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.38 by $0.07. The savings and loans company had revenue of $64.62 million for the quarter, compared to analysts' expectations of $58.24 million. OceanFirst Financial had a net margin of 15.23% and a return on equity of 9.04%. View OceanFirst Financial's Earnings History.

OceanFirst Financial is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for OceanFirst Financial.

5 analysts have issued 12 month price targets for OceanFirst Financial's stock. Their predictions range from $29.00 to $37.00. On average, they anticipate OceanFirst Financial's share price to reach $32.20 in the next twelve months. View Analyst Ratings for OceanFirst Financial.

OceanFirst Financial saw a drop in short interest during the month of April. As of April 13th, there was short interest totalling 987,819 shares, a drop of 34.8% from the March 30th total of 1,515,095 shares. Based on an average daily trading volume, of 243,414 shares, the days-to-cover ratio is presently 4.1 days. Approximately 2.4% of the company's shares are short sold.

Some companies that are related to OceanFirst Financial include Umpqua (UMPQ), BankUnited (BKU), TFS Financial (TFSL), BofI (BOFI), ViewPoint Financial Group (LTXB), Flagstar Bank (FBC), Provident Financial Services (PFS), Capitol Federal Financial (CFFN), Kearny Financial (KRNY), Brookline Bancorp (BRKL), Meta Financial Group (CASH), BBX Capital Corp Class B (BBXTB), Northfield Bancorp (NFBK), Dime Community Bancshares (DCOM) and Sterling Bancorp (SBT).

Media stories about OCFC stock have trended somewhat positive on Monday, Accern reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. OceanFirst Financial earned a media sentiment score of 0.06 on Accern's scale. They also assigned headlines about the savings and loans company an impact score of 47.11 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

OceanFirst Financial's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.71%), Dimensional Fund Advisors LP (4.65%), Mendon Capital Advisors Corp (2.26%), Victory Capital Management Inc. (2.14%), OppenheimerFunds Inc. (1.69%) and Northern Trust Corp (1.58%). Company insiders that own OceanFirst Financial stock include Angelo Catania, Christopher Maher, Donald E Mclaughlin, John R Garbarino, Joseph J Burke, Joseph Lebel III, Joseph R Iantosca, Michael D Devlin 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 Keeley Teton Advisors LLC, Wedge Capital Management L L P NC, Loomis Sayles & Co. L P, Mariner LLC, Alpine Woods Capital Investors LLC, Thomson Horstmann & Bryant Inc., OppenheimerFunds Inc. and JPMorgan Chase & Co.. Company insiders that have sold OceanFirst Financial company stock in the last year include Angelo Catania, Donald E Mclaughlin, John R Garbarino, Joseph J Burke, Joseph Lebel III, Joseph R Iantosca, Michael D Devlin and Steven E Brady. View Insider Buying and Selling for OceanFirst Financial.

OCFC stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Dimensional Fund Advisors LP, BlackRock Inc., RMB Capital Management LLC, Mendon Capital Advisors Corp, Maltese Capital Management LLC, EJF Capital LLC and M&T Bank Corp. 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, Scottrade, Fidelity and Charles Schwab.

One share of OCFC stock can currently be purchased for approximately $28.51.

OceanFirst Financial has a market capitalization of $1.37 billion and generates $215.90 million in revenue each year. The savings and loans company earns $42.47 million in net income (profit) each year or $1.70 on an earnings per share basis.

OceanFirst Financial's mailing address is 975 HOOPER AVE, TOMS RIVER NJ, 08723. The savings and loans company can be reached via phone at 732-240-4500 or via email at [email protected]