NASDAQ:OCFC - OceanFirst Financial Stock Price, News, & Analysis

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$23.34 -0.49 (-2.06 %)
(As of 12/16/2018 10:17 AM ET)
Previous Close$23.34
Today's Range$23.28 - $24.12
52-Week Range$23.28 - $30.90
Volume129,112 shs
Average Volume158,759 shs
Market Capitalization$1.13 billion
P/E Ratio13.73
Dividend Yield2.91%
Beta0.54
OceanFirst Financial Corp. operates as the holding company for OceanFirst Bank N.A. that provides a range of community banking services. The company offers various deposit products to retail, government, and business customers, including money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits. It also provides commercial real estate, multi-family mortgage, and land loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; consumer loans, such as home equity loans and lines of credit, overdraft line of credit, loans on savings accounts, and other consumer loans; and commercial and industrial loans, and lines of credit. In addition, the company invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments. Further, it offers bankcard and wealth management services; and sells alternative investment products and life insurance products. The company operates through an administrative/branch office located in Toms River, New Jersey; and 45 additional branch offices and 3 deposit production facilities in central and southern New Jersey, as well as operates a wealth management office in Ocean County, and commercial loan production offices in the Philadelphia area and Atlantic, Cape May, and Mercer Counties in New Jersey. OceanFirst Financial Corp. was founded in 1902 and is based in Toms River, New Jersey.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Federal savings institutions
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Current SymbolNASDAQ:OCFC
Previous Symbol
CUSIP67523410
Phone732-240-4500

Debt

Debt-to-Equity Ratio0.56
Current Ratio0.97
Quick Ratio0.97

Price-To-Earnings

Trailing P/E Ratio13.73
Forward P/E Ratio11.67
P/E Growth1.17

Sales & Book Value

Annual Sales$215.90 million
Price / Sales5.23
Cash Flow$1.8747 per share
Price / Cash Flow12.45
Book Value$18.47 per share
Price / Book1.26

Profitability

EPS (Most Recent Fiscal Year)$1.70
Net Income$42.47 million
Net Margins19.35%
Return on Equity9.09%
Return on Assets1.18%

Miscellaneous

EmployeesN/A
Outstanding Shares48,400,000
Market Cap$1.13 billion
OptionableOptionable

OceanFirst Financial (NASDAQ:OCFC) Frequently Asked Questions

What is OceanFirst Financial's stock symbol?

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

How often does OceanFirst Financial pay dividends? What is the dividend yield for OceanFirst Financial?

OceanFirst Financial declared a quarterly dividend on Thursday, October 25th. Investors of record on Monday, November 5th will be given a dividend of $0.17 per share on Friday, November 16th. This represents a $0.68 annualized dividend and a yield of 2.91%. The ex-dividend date is Friday, November 2nd. This is a boost from OceanFirst Financial's previous quarterly dividend of $0.13. View OceanFirst Financial's Dividend History.

How will OceanFirst Financial's stock buyback program work?

OceanFirst Financial declared that its board has initiated a share buyback program 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 repurchase 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.

How were OceanFirst Financial's earnings last quarter?

OceanFirst Financial Corp. (NASDAQ:OCFC) posted its quarterly earnings data on Thursday, October, 25th. The savings and loans company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by $0.02. The savings and loans company had revenue of $69.79 million for the quarter, compared to the consensus estimate of $74.31 million. OceanFirst Financial had a net margin of 19.35% and a return on equity of 9.09%. View OceanFirst Financial's Earnings History.

When is OceanFirst Financial's next earnings date?

OceanFirst Financial is scheduled to release their next quarterly earnings announcement on Thursday, January 24th 2019. View Earnings Estimates for OceanFirst Financial.

What price target have analysts set for OCFC?

5 brokers have issued 1 year price objectives for OceanFirst Financial's shares. Their predictions range from $32.00 to $37.00. On average, they anticipate OceanFirst Financial's share price to reach $34.00 in the next twelve months. This suggests a possible upside of 45.7% from the stock's current price. View Analyst Price Targets for OceanFirst Financial.

What is the consensus analysts' recommendation for OceanFirst Financial?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for OceanFirst Financial.

Has OceanFirst Financial been receiving favorable news coverage?

Media coverage about OCFC stock has been trending somewhat positive recently, InfoTrie reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. OceanFirst Financial earned a news impact score of 1.0 on InfoTrie's scale. They also gave news coverage about the savings and loans company a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Who are some of OceanFirst Financial's key competitors?

Who are OceanFirst Financial's key executives?

OceanFirst Financial's management team includes the folowing people:
  • Mr. Christopher D. Maher, Chairman, Pres & CEO (Age 51)
  • Mr. Michael J. Fitzpatrick, Exec. VP & CFO (Age 63)
  • Mr. Steven J. Tsimbinos, Exec. VP, Gen. Counsel & Corp. Sec. (Age 48)
  • Mr. Steven E. Brady, Director (Age 65)
  • Mr. Joseph R. Iantosca, Exec. VP & Chief Admin. Officer of OceanFirst Bank (Age 58)

Who are OceanFirst Financial's major shareholders?

OceanFirst Financial's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.75%), Dimensional Fund Advisors LP (5.73%), Vanguard Group Inc. (3.76%), Vanguard Group Inc (3.76%), Renaissance Technologies LLC (2.83%) and Brown Advisory Inc. (2.61%). 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, Kimberly M Guadagno, Michael D Devlin and Steven E Brady. View Institutional Ownership Trends for OceanFirst Financial.

Which institutional investors are selling OceanFirst Financial stock?

OCFC stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Thomson Horstmann & Bryant Inc., Emerald Mutual Fund Advisers Trust, William Blair Investment Management LLC, Citadel Advisors LLC, Clover Partners L.P., Wedge Capital Management L L P NC and Wells Fargo & Company MN. Company insiders that have sold OceanFirst Financial company stock in the last year include Angelo Catania, Joseph J Burke, Joseph R Iantosca, Michael D Devlin and Steven E Brady. View Insider Buying and Selling for OceanFirst Financial.

Which institutional investors are buying OceanFirst Financial stock?

OCFC stock was acquired by a variety of institutional investors in the last quarter, including Walthausen & Co. LLC, Brown Advisory Inc., Federated Investors Inc. PA, Dimensional Fund Advisors LP, Virginia National Bank, Schroder Investment Management Group, BlackRock Inc. and Vanguard Group Inc. Company insiders that have bought OceanFirst Financial stock in the last two years include Christopher Maher and Kimberly M Guadagno. View Insider Buying and Selling for OceanFirst Financial.

How do I buy shares of 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.

What is OceanFirst Financial's stock price today?

One share of OCFC stock can currently be purchased for approximately $23.34.

How big of a company is OceanFirst Financial?

OceanFirst Financial has a market capitalization of $1.13 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.

What is OceanFirst Financial's official website?

The official website for OceanFirst Financial is http://www.oceanfirst.com.

How can I contact OceanFirst Financial?

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]


MarketBeat Community Rating for OceanFirst Financial (NASDAQ OCFC)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  172 (Vote Outperform)
Underperform Votes:  235 (Vote Underperform)
Total Votes:  407
MarketBeat's community ratings are surveys of what our community members think about OceanFirst Financial and other stocks. Vote "Outperform" if you believe OCFC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OCFC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/16/2018 by MarketBeat.com Staff

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