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. Shareholders of record on Monday, May 7th will be given a dividend of $0.15 per share on Friday, May 18th. This represents a $0.60 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Friday, May 4th. View OceanFirst Financial's Dividend History.

OceanFirst Financial declared that its board has approved a share repurchase program on Sunday, June 4th 2017, which allows the company to buyback 1,600,000 shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its shares are undervalued.

OceanFirst Financial Corp. (NASDAQ:OCFC) posted its quarterly earnings results on Thursday, April, 26th. The savings and loans company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.07. The savings and loans company earned $64.62 million during the quarter, compared to analysts' expectations of $58.24 million. OceanFirst Financial had a return on equity of 9.04% and a net margin of 15.23%. 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 brokerages have issued 12 month price targets for OceanFirst Financial's shares. Their forecasts range from $29.00 to $37.00. On average, they anticipate OceanFirst Financial's stock price to reach $32.20 in the next year. View Analyst Ratings for OceanFirst Financial.

OceanFirst Financial saw a decrease in short interest in the month of April. As of April 13th, there was short interest totalling 987,819 shares, a decrease of 34.8% from the March 30th total of 1,515,095 shares. Based on an average trading volume of 243,414 shares, the short-interest ratio is currently 4.1 days. Currently, 2.4% of the company's stock 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 this week, Accern Sentiment reports. Accern scores the sentiment of press 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 closest to one being the most favorable. OceanFirst Financial earned a news impact score of 0.14 on Accern's scale. They also gave media stories about the savings and loans company an impact score of 45.87 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

OceanFirst Financial's stock is owned by a variety of 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 bought 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]