NASDAQ:OCFCOceanFirst Financial Stock Price, Forecast & News

$16.53

-0.49 (-2.88 %)

(As of 05/29/2020 12:16 PM ET)

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Today's Range

$16.49

Now: $16.53▼

$17.12

50-Day Range

$13.74

MA: $15.36▼

$17.75

52-Week Range

$11.60

Now: $16.53▼

$26.09

Volume10,986 shs

Average Volume248,851 shs

Market Capitalization$1.00 billion

P/E Ratio10.33

Dividend Yield3.83%

Beta0.98

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, student loans, 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 its branch office in Toms River; administrative office located in Red Bank; and 58 additional branch offices and 3 deposit production facilities located throughout central and southern New Jersey, as well as commercial loan production offices in New York City, the Philadelphia area and Atlantic, Cape May, and Mercer Counties in New Jersey. OceanFirst Financial Corp. was founded in 1902 and is based in Red Bank, New Jersey.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
OceanFirst Financial has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $23.00, OceanFirst Financial has a potential upside of 39.1% from its current price of $16.53.
Amount of Analyst Coverage
OceanFirst Financial has only been the subject of 2 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
OceanFirst Financial has received 253 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
OceanFirst Financial has received 356 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
OceanFirst Financial has received 58.46% “underperform” votes from our community.

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.

4.2 Dividend Strength

Dividend Leadership
OceanFirst Financial is a leading dividend payer. It pays a dividend yield of 3.83%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
OceanFirst Financial has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of OceanFirst Financial is 32.85 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, OceanFirst Financial will have a dividend payout ratio of 40.00 % next year. This indicates that OceanFirst Financial will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, OceanFirst Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $80,226.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.60% of the stock of OceanFirst Financial is held by insiders.
Percentage Held by Institutions
64.07% of the stock of OceanFirst Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for OceanFirst Financial are expected to grow by 0.59% in the coming year, from $1.69 to $1.70 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of OceanFirst Financial is 10.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.38.
Price to Earnings Ratio vs. Sector
The P/E ratio of OceanFirst Financial is 10.33, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.14.
Price to Book Value per Share Ratio
OceanFirst Financial has a P/B Ratio of 0.71. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.23 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Federal savings institutions

Sub-IndustryThrifts & Mortgage Finance

SectorFinance

Current SymbolNASDAQ:OCFC

Previous Symbol

CUSIP67523410

CIK1004702

Webwww.oceanfirst.com

Phone732-240-4500

Debt

Debt-to-Equity Ratio0.69

Current Ratio1.03

Quick Ratio1.03

Price-To-Earnings

Trailing P/E Ratio10.33

Forward P/E Ratio9.78

P/E GrowthN/A

Sales & Book Value

Annual Sales$350.96 million

Price / Sales2.85

Cash Flow$2.03 per share

Price / Cash Flow8.14

Book Value$23.27 per share

Price / Book0.71

Profitability

EPS (Most Recent Fiscal Year)$2.07

Net Income$88.57 million

Net Margins22.27%

Return on Equity8.77%

Return on Assets1.22%

Miscellaneous

EmployeesN/A

Outstanding Shares60,580,000

Market Cap$1.00 billion

Next Earnings Date7/23/2020 (Estimated)

OptionableOptionable

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OceanFirst Financial (NASDAQ:OCFC) Frequently Asked Questions

How has OceanFirst Financial's stock been impacted by COVID-19 (Coronavirus)?

OceanFirst Financial's stock was trading at $16.37 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, OCFC shares have increased by 1.0% and is now trading at $16.53. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of OceanFirst Financial?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last year. There are currently 2 hold ratings, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for OceanFirst Financial.

When is OceanFirst Financial's next earnings date?

OceanFirst Financial is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for OceanFirst Financial.

How were OceanFirst Financial's earnings last quarter?

OceanFirst Financial Corp. (NASDAQ:OCFC) posted its quarterly earnings data on Thursday, April, 23rd. The savings and loans company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.10. The savings and loans company had revenue of $93.34 million for the quarter, compared to analyst estimates of $88.59 million. OceanFirst Financial had a net margin of 22.27% and a return on equity of 8.77%. View OceanFirst Financial's earnings history.

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

OceanFirst Financial declared a quarterly dividend on Friday, April 24th. Investors of record on Monday, May 4th will be paid a dividend of $0.17 per share on Friday, May 15th. This represents a $0.68 annualized dividend and a yield of 4.11%. The ex-dividend date is Friday, May 1st. This is an increase from OceanFirst Financial's previous quarterly dividend of $0.13. View OceanFirst Financial's dividend history.

What price target have analysts set for OCFC?

5 Wall Street analysts have issued 12-month price objectives for OceanFirst Financial's stock. Their forecasts range from $20.00 to $25.50. On average, they expect OceanFirst Financial's share price to reach $23.00 in the next year. This suggests a possible upside of 39.1% from the stock's current price. View analysts' price targets for OceanFirst Financial.

Has OceanFirst Financial been receiving favorable news coverage?

Press coverage about OCFC stock has trended somewhat negative this week, according to InfoTrie. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. OceanFirst Financial earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave media headlines about the savings and loans company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near future. View the latest news aboutOceanFirst Financial.

Who are some of OceanFirst Financial's key competitors?

Some companies that are related to OceanFirst Financial include People's United Financial (PBCT), New York Community Bancorp (NYCB), TFS Financial (TFSL), Lendingtree (TREE), MGIC Investment (MTG), Radian Group (RDN), Washington Federal (WAFD), Capitol Federal Financial (CFFN), Simply Good Foods (SMPL), WSFS Financial (WSFS), Northwest Bancshares (NWBI), EverBank Financial (EVER), Walker & Dunlop (WD), Provident Financial Services (PFS) and Oritani Financial (ORIT). View all competitors.

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 Walt Disney (DIS), Occidental Petroleum (OXY), Amgen (AMGN), Bank of America (BAC), Blackstone Group (BX), Chemed (CHE), Eastman Chemical (EMN), EPR Properties (EPR), Gilead Sciences (GILD) and Great Southern Bancorp (GSBC).

Who are OceanFirst Financial's key executives?

OceanFirst Financial's management team includes the following 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)

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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.94%), Wellington Management Group LLP (3.12%), State Street Corp (2.01%), Schroder Investment Management Group (1.58%), Geode Capital Management LLC (1.46%) and Invesco Ltd. (1.21%). Company insiders that own OceanFirst Financial stock include Christopher Maher, Grace Vallacchi, John K Lloyd, Joseph R Iantosca, Kimberly M Guadagno, Michael D Devlin, Nicos Katsoulis, Samuel Young, Steven E Brady, Steven James Tsimbinos and William D Moss. View institutional ownership trends for OceanFirst Financial.

Which major investors are selling OceanFirst Financial stock?

OCFC stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., UBS Group AG, Emerald Mutual Fund Advisers Trust, Nuveen Asset Management LLC, Hennessy Advisors Inc., Prospector Partners LLC, Morgan Stanley, and Private Capital Management LLC. Company insiders that have sold OceanFirst Financial company stock in the last year include Steven E Brady, and William D Moss. View insider buying and selling activity for OceanFirst Financial.

Which major investors are buying OceanFirst Financial stock?

OCFC stock was bought by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, JPMorgan Chase & Co., Systematic Financial Management LP, Hudson Valley Investment Advisors Inc. ADV, Geode Capital Management LLC, State Street Corp, Alliancebernstein L.P., and Atom Investors LP. Company insiders that have bought OceanFirst Financial stock in the last two years include Christopher Maher, John K Lloyd, Kimberly M Guadagno, Nicos Katsoulis, and Steven James Tsimbinos. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is OceanFirst Financial's stock price today?

One share of OCFC stock can currently be purchased for approximately $16.53.

How big of a company is OceanFirst Financial?

OceanFirst Financial has a market capitalization of $1.00 billion and generates $350.96 million in revenue each year. The savings and loans company earns $88.57 million in net income (profit) each year or $2.07 on an earnings per share basis.

What is OceanFirst Financial's official website?

The official website for OceanFirst Financial is www.oceanfirst.com.

How can I contact OceanFirst Financial?

OceanFirst Financial's mailing address is 110 West Front Street, Red Bank NJ, 07701. The savings and loans company can be reached via phone at 732-240-4500 or via email at [email protected]

This page was last updated on 5/29/2020 by MarketBeat.com Staff