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

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$25.75 +0.55 (+2.18 %)
(As of 02/17/2019 08:54 AM ET)
Previous Close$25.75
Today's Range$25.2497 - $25.89
52-Week Range$21.30 - $30.90
Volume160,265 shs
Average Volume171,980 shs
Market Capitalization$1.25 billion
P/E Ratio13.01
Dividend Yield2.70%
Beta0.76
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

Industry Federal savings institutions
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Current SymbolNASDAQ:OCFC
CUSIP67523410
Phone732-240-4500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$311.48 million
Cash Flow$1.9060 per share
Book Value$18.47 per share

Profitability

Net Income$71.93 million

Miscellaneous

EmployeesN/A
Market Cap$1.25 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 announced a quarterly dividend on Friday, January 25th. Stockholders of record on Monday, February 4th will be given a dividend of $0.17 per share on Friday, February 15th. This represents a $0.68 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Friday, February 1st. View OceanFirst Financial's Dividend History.

How will OceanFirst Financial's stock buyback program work?

OceanFirst Financial announced that its Board of Directors has initiated a stock buyback program on Sunday, June 4th 2017, which allows the company to repurchase 1,600,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

How were OceanFirst Financial's earnings last quarter?

OceanFirst Financial Corp. (NASDAQ:OCFC) announced its earnings results on Thursday, January, 24th. The savings and loans company reported $0.54 EPS for the quarter, missing the Zacks' consensus estimate of $0.56 by $0.02. The savings and loans company earned $70.59 million during the quarter, compared to analysts' expectations of $72.11 million. OceanFirst Financial had a return on equity of 9.26% and a net margin of 23.09%. 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, April 25th 2019. View Earnings Estimates for OceanFirst Financial.

What price target have analysts set for OCFC?

4 Wall Street analysts have issued 12-month target prices for OceanFirst Financial's shares. Their forecasts range from $28.00 to $34.00. On average, they anticipate OceanFirst Financial's share price to reach $32.25 in the next twelve months. This suggests a possible upside of 25.2% from the stock's current price. View Analyst Price Targets for OceanFirst Financial.

What is the consensus analysts' recommendation for OceanFirst Financial?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last year. There are currently 4 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 positive on Sunday, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. OceanFirst Financial earned a media sentiment score of 2.4 on InfoTrie's scale. They also gave press coverage about the savings and loans company a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the stock's share price in the next several days.

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 52)
  • Mr. Michael J. Fitzpatrick, Exec. VP & CFO (Age 64)
  • Mr. Joseph J. Lebel III, Exec. VP & Chief Operating Officer (Age 57)
  • Mr. Joseph R. Iantosca, Exec. VP & Chief Information Officer (Age 59)
  • Mr. Steven J. Tsimbinos, Exec. VP, Gen. Counsel & Corp. Sec. (Age 49)

Who are OceanFirst Financial's major shareholders?

OceanFirst Financial's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.16%), Dimensional Fund Advisors LP (5.93%), Brown Advisory Inc. (2.45%), Victory Capital Management Inc. (2.42%), Skyline Asset Management LP (1.53%) and Emerald Mutual Fund Advisers Trust (1.18%). 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 Bank of America Corp DE, Brown Advisory Inc., Wedge Capital Management L L P NC, AlphaOne Investment Services LLC, Keeley Teton Advisors LLC, Bank of New York Mellon Corp, Skyline Asset Management LP and Millennium Management LLC. 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 BlackRock Inc., Peregrine Capital Management LLC, Dimensional Fund Advisors LP, Victory Capital Management Inc., Geode Capital Management LLC, Martingale Asset Management L P, Bessemer Group Inc. and Foresters Investment Management Company 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 $25.75.

How big of a company is OceanFirst Financial?

OceanFirst Financial has a market capitalization of $1.25 billion and generates $311.48 million in revenue each year. The savings and loans company earns $71.93 million in net income (profit) each year or $1.98 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:  179 (Vote Outperform)
Underperform Votes:  245 (Vote Underperform)
Total Votes:  424
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 2/17/2019 by MarketBeat.com Staff

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