NASDAQ:OCFC OceanFirst Financial - OCFC Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding OceanFirst Financial Corp. Please log in to your account or sign up in order to add this asset to your watchlist. $18.41 -0.56 (-2.95%) (As of 03/23/2023 04:00 PM ET) Add Compare Share Share Today's Range$18.21▼$19.4650-Day Range$18.07▼$24.8852-Week Range$17.72▼$24.93Volume406,992 shsAverage Volume300,387 shsMarket Capitalization$1.09 billionP/E Ratio7.61Dividend Yield4.35%Price Target$25.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media OceanFirst Financial MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside35.6% Upside$25.00 Price TargetShort InterestHealthy1.30% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment-0.23Based on 12 Articles This WeekInsider TradingAcquiring Shares$146,121 Bought Last QuarterProj. Earnings Growth5.13%From $2.73 to $2.87 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.17 out of 5 starsFinance Sector53rd out of 876 stocksFederal Savings Institutions Industry2nd out of 40 stocks 3.3 Analyst's Opinion Consensus RatingOceanFirst Financial has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $25.00, OceanFirst Financial has a forecasted upside of 35.6% from its current price of $18.44.Amount of Analyst CoverageOceanFirst Financial has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.30% of the float of OceanFirst Financial has been sold short.Short Interest Ratio / Days to CoverOceanFirst Financial has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in OceanFirst Financial has recently decreased by 7.72%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipOceanFirst Financial is a leading dividend payer. It pays a dividend yield of 4.23%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthOceanFirst Financial has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of OceanFirst Financial is 33.06%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, OceanFirst Financial will have a dividend payout ratio of 27.87% next year. This indicates that OceanFirst Financial will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for OCFC. Previous Next 2.1 News and Social Media Coverage News SentimentOceanFirst Financial has a news sentiment score of -0.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.43 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 12 news articles for OceanFirst Financial this week, compared to 1 article on an average week.Search Interest1 people have searched for OCFC on MarketBeat in the last 30 days. MarketBeat Follows2 people have added OceanFirst Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, OceanFirst Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $146,121.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 4.90% of the stock of OceanFirst Financial is held by insiders.Percentage Held by Institutions69.77% of the stock of OceanFirst Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for OceanFirst Financial are expected to grow by 5.13% in the coming year, from $2.73 to $2.87 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of OceanFirst Financial is 7.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.16.Price to Earnings Ratio vs. SectorThe P/E ratio of OceanFirst Financial is 7.62, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 138.94.Price to Book Value per Share RatioOceanFirst Financial has a P/B Ratio of 0.69. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About OceanFirst Financial (NASDAQ:OCFC) StockOceanFirst Financial Corp. operates as a savings and loan holding company, which engages in the provision of financial services. Its subsidiary OceanFirst Bank, offers commercial and residential financing solutions, wealth management, and deposit services. It has retail branches throughout the state and in metropolitan New York City along with loan production offices in New Jersey, New York City and Pennsylvania. The company is headquartered in Red Bank, NJ.Read More Receive OCFC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for OceanFirst Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address OCFC Stock News HeadlinesMarch 23, 2023 | americanbankingnews.comQ1 2023 EPS Estimates for OceanFirst Financial Corp. Decreased by DA Davidson (NASDAQ:OCFC)March 20, 2023 | finance.yahoo.comOceanFirst Bank Announces Appointment of Stephen Adamo, President of Residential and Consumer LendingMarch 23, 2023 | Investor Place Media (Ad)The "King Of Quants" sees 10X potential...Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...March 17, 2023 | americanbankingnews.comSteven James Tsimbinos Buys 2,000 Shares of OceanFirst Financial Corp. (NASDAQ:OCFC) StockMarch 17, 2023 | americanbankingnews.comOceanFirst Financial Corp. (NASDAQ:OCFC) Director Buys $79,890.99 in StockMarch 16, 2023 | americanbankingnews.comOceanFirst Financial (NASDAQ:OCFC) Trading Up 10.1%March 15, 2023 | finance.yahoo.comOceanFirst (OCFC) Soars 7.4%: Is Further Upside Left in the Stock?March 15, 2023 | americanbankingnews.comOceanFirst Financial (NASDAQ:OCFC) Sets New 52-Week Low at $17.72March 23, 2023 | Oxford Club (Ad)My No. 1 dividend stock for a LIFETIME of income.Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century! I think it's a crying shame folks don't know how powerful dividends are.March 15, 2023 | msn.comRegional bank OceanFirst Financial feeling 'virtually no stress at all,' says CEO Chris MaherMarch 14, 2023 | benzinga.comOceanFirst Financial Stock (NASDAQ:OCFC), Short Interest ReportFebruary 25, 2023 | finance.yahoo.comDo OceanFirst Financial's (NASDAQ:OCFC) Earnings Warrant Your Attention?January 31, 2023 | finance.yahoo.comOceanFirst Financial (OCFC) Could Be a Great ChoiceJanuary 20, 2023 | seekingalpha.comOceanFirst Financial Corp. (OCFC) Q4 2022 Earnings Call TranscriptJanuary 19, 2023 | msn.comOceanFirst Financial GAAP EPS of $0.89 beats by $0.24, revenue of $134.04M beats by $22.87MJanuary 19, 2023 | nasdaq.comOceanFirst Financial (OCFC) Q4 Earnings and Revenues Beat EstimatesJanuary 19, 2023 | finance.yahoo.comOceanFirst Financial Corp. Announces Record Quarterly and Annual Earnings and Financial ResultsDecember 24, 2022 | finance.yahoo.comOceanFirst Financial Corp. (NASDAQ:OCFC) is a favorite amongst institutional investors who own 72%December 20, 2022 | apnews.comOceanFirst Financial Corp.Schedules Earnings Conference CallNovember 13, 2022 | finance.yahoo.comOceanFirst Financial Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues LagOctober 30, 2022 | finance.yahoo.comOceanFirst Financial Corp. (NASDAQ:OCFC) Looks Interesting, And It's About To Pay A DividendOctober 26, 2022 | bizjournals.comOceanFirst could call off acquisition of Maryland bank, analyst saysOctober 26, 2022 | finance.yahoo.comOceanFirst likely to call off acquisition of Maryland bank, analyst predictsOctober 25, 2022 | seekingalpha.comOceanFirst Financial Corp. (OCFC) Q3 2022 Earnings Call TranscriptOctober 25, 2022 | finance.yahoo.comOceanFirst Financial (OCFC) Q3 Earnings and Revenues Surpass EstimatesOctober 21, 2022 | msn.comEarnings Preview: OceanFirst FinancialOctober 14, 2022 | finance.yahoo.comDoes OceanFirst (OCFC) Have the Potential to Rally 31% as Wall Street Analysts Expect?See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive OCFC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for OceanFirst Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address OCFC Company Calendar Last Earnings1/19/2023Ex-Dividend for 2/17 Dividend2/03/2023Dividend Payable2/17/2023Today3/23/2023Next Earnings (Estimated)4/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Federal savings institutions Sub-IndustryThrifts & Mortgage Finance SectorFinance Current SymbolNASDAQ:OCFC CUSIP67523410 CIK1004702 Webwww.oceanfirst.com Phone(732) 240-4500Fax302-655-5049Employees894Year Founded1902Price Target and Rating Average Stock Price Forecast$25.00 High Stock Price Forecast$25.00 Low Stock Price Forecast$25.00 Forecasted Upside/Downside+31.0%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$2.42 Trailing P/E Ratio7.88 Forward P/E Ratio6.99 P/E GrowthN/ANet Income$146.60 million Net Margins29.90% Pretax Margin39.55% Return on Equity9.21% Return on Assets1.13% Debt Debt-to-Equity Ratio0.90 Current Ratio1.03 Quick Ratio1.03 Sales & Book Value Annual Sales$490.27 million Price / Sales2.30 Cash Flow$2.86 per share Price / Cash Flow6.68 Book Value$26.81 per share Price / Book0.71Miscellaneous Outstanding Shares59,200,000Free Float56,298,000Market Cap$1.13 billion OptionableOptionable Beta0.91 Social Links Key ExecutivesChristopher D. MaherChairman & Chief Executive OfficerJoseph J. LebelChief Operating Officer, Director & Executive VPPatrick Sean BarrettChief Financial Officer & Executive Vice PresidentKarthik SridharanChief Information Officer & Executive VPAngela K. HoChief Compliance OfficerKey CompetitorsCapitol Federal FinancialNASDAQ:CFFNBrookline BancorpNASDAQ:BRKLProvident Financial ServicesNYSE:PFSKearny FinancialNASDAQ:KRNYNorthfield Bancorp, Inc. (Staten Island, NY)NASDAQ:NFBKView All CompetitorsInsiders & InstitutionsJoseph M Jr. MurphyBought 3,643 shares on 3/13/2023Total: $79,890.99 ($21.93/share)Steven James TsimbinosBought 2,000 shares on 3/13/2023Total: $44,240.00 ($22.12/share)Joseph Lebel IIIBought 1,000 shares on 3/13/2023Total: $21,990.00 ($21.99/share)Victory Capital Management Inc.Bought 37,376 shares on 3/10/2023Ownership: 0.552%Moneta Group Investment Advisors LLCBought 2,246 shares on 2/16/2023Ownership: 0.028%View All Insider TransactionsView All Institutional Transactions OCFC Stock - Frequently Asked Questions Should I buy or sell OceanFirst Financial stock right now? 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last year. 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. View OCFC analyst ratings or view top-rated stocks. What is OceanFirst Financial's stock price forecast for 2023? 2 analysts have issued 12 month target prices for OceanFirst Financial's stock. Their OCFC share price forecasts range from $25.00 to $25.00. On average, they predict the company's stock price to reach $25.00 in the next twelve months. This suggests a possible upside of 31.0% 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 beginning of the year. Since then, OCFC stock has decreased by 10.2% and is now trading at $19.08. 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, April 27th 2023. View our OCFC earnings forecast. How were OceanFirst Financial's earnings last quarter? OceanFirst Financial Corp. (NASDAQ:OCFC) issued its quarterly earnings data on Thursday, January, 19th. The savings and loans company reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.04. The savings and loans company earned $134.04 million during the quarter, compared to the consensus estimate of $110.75 million. OceanFirst Financial had a net margin of 29.90% and a trailing twelve-month return on equity of 9.21%. How often does OceanFirst Financial pay dividends? What is the dividend yield for OceanFirst Financial? OceanFirst Financial declared a quarterly dividend on Thursday, January 19th. Stockholders of record on Monday, February 6th will be paid a dividend of $0.20 per share on Friday, February 17th. This represents a $0.80 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Friday, February 3rd. 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 VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), First Trust NASDAQ ABA Community Bank Index Fund (QABA), iShares US Small Cap Value Factor ETF (SVAL), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF), VictoryShares US Small Cap Volatility Wtd (CSA), First Trust Small Cap Value AlphaDEX Fund (FYT), Vanguard U.S. Value Factor (VFVA) and Timothy Plan US Small Cap Core ETF (TPSC). 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 4.23%. 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 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 27.87% 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." Who are OceanFirst Financial's major shareholders? OceanFirst Financial's stock is owned by many different institutional and retail investors. Top institutional shareholders include Moneta Group Investment Advisors LLC (28.20%), Dimensional Fund Advisors LP (5.72%), JPMorgan Chase & Co. (3.98%), GW&K Investment Management LLC (2.86%), Geode Capital Management LLC (1.91%) and Endeavour Capital Advisors Inc. (1.56%). Insiders that own company stock include Angela K Ho, Anthony Giordano III, Christopher Maher, Grace Vallacchi, Joseph Lebel III, Joseph M Jr Murphy, Karthik Sridharan, Michael D Devlin, Michele B Estep, Nicos Katsoulis, Patricia Lynne Turner, Patrick Sean Barrett and Steven James Tsimbinos. View institutional ownership trends. 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 $19.08. How much money does OceanFirst Financial make? OceanFirst Financial (NASDAQ:OCFC) has a market capitalization of $1.13 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. How many employees does OceanFirst Financial have? The company employs 894 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 3/23/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.