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NASDAQ:OCFCOceanFirst Financial Stock Price, Forecast & News

$16.70
-0.32 (-1.88 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$16.45
Now: $16.70
$17.13
50-Day Range
$13.74
MA: $15.40
$17.75
52-Week Range
$11.60
Now: $16.70
$26.09
Volume275,277 shs
Average Volume244,603 shs
Market Capitalization$1.01 billion
P/E Ratio10.44
Dividend Yield4.07%
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.1Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.23 out of 5 stars


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$350.96 million
Cash Flow$2.18 per share
Book Value$23.27 per share

Profitability

Net Income$88.57 million

Miscellaneous

EmployeesN/A
Market Cap$1.01 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 2.0% and is now trading at $16.70. 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 results on Thursday, April, 23rd. The savings and loans company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.10. The savings and loans company earned $93.34 million during the quarter, compared to analysts' expectations of $88.59 million. OceanFirst Financial had a return on equity of 8.77% and a net margin of 22.27%. 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. Shareholders of record on Monday, May 4th will be given a dividend of $0.17 per share on Friday, May 15th. This represents a $0.68 annualized dividend and a yield of 4.07%. 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 analysts have issued 1 year price targets for OceanFirst Financial's stock. Their forecasts range from $20.00 to $25.50. On average, they anticipate OceanFirst Financial's stock price to reach $23.00 in the next twelve months. This suggests a possible upside of 37.7% from the stock's current price. View analysts' price targets for OceanFirst Financial.

Has OceanFirst Financial been receiving favorable news coverage?

News stories about OCFC stock have trended extremely negative this week, InfoTrie reports. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. OceanFirst Financial earned a coverage optimism score of -4.0 on InfoTrie's scale. They also assigned media coverage about the savings and loans company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutOceanFirst Financial.

Who are some of OceanFirst Financial's key 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 shareholders 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 institutional 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 institutional 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 $16.70.

How big of a company is OceanFirst Financial?

OceanFirst Financial has a market capitalization of $1.01 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 5/31/2020 by MarketBeat.com Staff

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