OceanFirst Financial - OCFC Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" OCFC shares.
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2 equities research analysts have issued 12 month price targets for OceanFirst Financial's stock. Their OCFC share price forecasts range from $25.00 to $25.00. On average, they anticipate the company's stock price to reach $25.00 in the next year. This suggests a possible upside of 1.3% from the stock's current price.
View analysts price targets for OCFC or view top-rated stocks among Wall Street analysts.

OceanFirst Financial's stock was trading at $21.25 at the start of the year. Since then, OCFC stock has increased by 16.1% and is now trading at $24.67.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our OCFC earnings forecast.

OceanFirst Financial Corp. (NASDAQ:OCFC) announced its quarterly earnings results on Thursday, January, 19th. The savings and loans company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.04. The savings and loans company had revenue of $134.04 million for the quarter, compared to analysts' expectations of $110.75 million. OceanFirst Financial had a net margin of 29.90% and a trailing twelve-month return on equity of 9.30%.

OceanFirst Financial announced a quarterly dividend on Thursday, January 19th. Shareholders of record on Monday, February 6th will be given a dividend of $0.20 per share on Friday, February 17th. This represents a $0.80 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Friday, February 3rd.
Read our dividend analysis for OCFC.

OceanFirst Financial (NASDAQ:OCFC) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.25%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OCFC will have a dividend payout ratio of 27.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OCFC.

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.

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).

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

OceanFirst Financial's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Peregrine Capital Management LLC (0.88%), Boston Partners (0.80%), Allspring Global Investments Holdings LLC (0.58%), Wedge Capital Management L L P NC (0.55%), Hennessy Advisors Inc. (0.40%) and LSV Asset Management (0.36%). Insiders that own company stock include Angela K Ho, Anthony Giordano III, Christopher Maher, Grace Vallacchi, Joseph Lebel III, Karthik Sridharan, Michael D Devlin, Michele B Estep, Nicos Katsoulis, Patricia Lynne Turner, Patrick Sean Barrett, Steven E Brady, Steven James Tsimbinos and William D Moss.
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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.
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One share of OCFC stock can currently be purchased for approximately $24.67.

OceanFirst Financial (NASDAQ:OCFC) has a market capitalization of $1.46 billion 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 $2.42 on an earnings per share basis.

The company employs 894 workers across the globe.

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.