NASDAQ:OCFC

OceanFirst Financial - OCFC Stock Forecast, Price & News

$23.41

+0.07 (+0.30%)

(As of 12/2/2022 12:00 AM ET)

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Today's Range: $23.13
▼
$23.55
50-Day Range: $18.64
▼
$23.69
52-Week Range: $18.24
▼
$24.25

Volume: 226,987 shs
Average Volume: 234,784 shs
Market Capitalization: $1.38 billion

P/E Ratio: 12.32
Dividend Yield: 3.42%
Price Target: N/A

OceanFirst Financial MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.88% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 14.22%
From $2.32 to $2.65 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.50 out of 5 stars

Finance Sector

83rd out of 891 stocks

Federal Savings Institutions Industry

6th out of 40 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for OceanFirst Financial.

4.0

Short Interest

Percentage of Shares Shorted
1.88% of the float of OceanFirst Financial has been sold short.
Short Interest Ratio / Days to Cover
OceanFirst Financial has a short interest ratio ("days to cover") of 4.
Change versus previous month
Short interest in OceanFirst Financial has recently decreased by 14.29%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
OceanFirst Financial pays a meaningful dividend of 3.42%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
OceanFirst Financial has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of OceanFirst Financial is 42.11%. 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 30.19% next year. This indicates that OceanFirst Financial will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for OCFC.

0.6

News and Social Media Coverage

Search Interest
2 people have searched for OCFC on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, OceanFirst Financial insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.90% of the stock of OceanFirst Financial is held by insiders.
Percentage Held by Institutions
70.54% of the stock of OceanFirst Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for OceanFirst Financial are expected to grow by 14.22% in the coming year, from $2.32 to $2.65 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of OceanFirst Financial is 12.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.03.
Price to Earnings Ratio vs. Sector
The P/E ratio of OceanFirst Financial is 12.32, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 175.44.
Price to Book Value per Share Ratio
OceanFirst Financial has a P/B Ratio of 0.90. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About OceanFirst Financial (NASDAQ:OCFC) Stock

OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. The company also offers commercial real estate, multi-family, land loans, construction, and commercial and industrial loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; and 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. In addition, it invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments. Further, the company offers bankcard, wealth management, and trust and asset management services; and sells alternative investment products and life insurance products. As of December 31, 2021, it operated through its branch office in Toms River; administrative office located in Red Bank and Mount Laurel; 46 additional branch offices and four deposit production facilities located throughout central and southern New Jersey; and commercial loan production offices in New Jersey, New York City, the Philadelphia area, Baltimore, and Boston. The company was founded in 1902 and is based in Red Bank, New Jersey.

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OCFC Stock News Headlines

November 13, 2022 | finance.yahoo.com

OceanFirst Financial Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues Lag

October 30, 2022 | finance.yahoo.com

OceanFirst Financial Corp. (NASDAQ:OCFC) Looks Interesting, And It's About To Pay A Dividend

October 26, 2022 | bizjournals.com

OceanFirst could call off acquisition of Maryland bank, analyst says

October 26, 2022 | finance.yahoo.com

OceanFirst likely to call off acquisition of Maryland bank, analyst predicts

October 25, 2022 | seekingalpha.com

OceanFirst Financial Corp. (OCFC) Q3 2022 Earnings Call Transcript

October 25, 2022 | finance.yahoo.com

OceanFirst Financial (OCFC) Q3 Earnings and Revenues Surpass Estimates

October 21, 2022 | msn.com

Earnings Preview: OceanFirst Financial

October 14, 2022 | finance.yahoo.com

Does OceanFirst (OCFC) Have the Potential to Rally 31% as Wall Street Analysts Expect?

October 7, 2022 | nasdaq.com

Investors in OceanFirst Financial (NASDAQ:OCFC) have unfortunately lost 18% over the last five years

September 7, 2022 | nasdaq.com

OceanFirst Financial Becomes Oversold

August 24, 2022 | finance.yahoo.com

OceanFirst Financial (OCFC) is a Top Dividend Stock Right Now: Should You Buy?

August 23, 2022 | finance.yahoo.com

Does OceanFirst (OCFC) Have the Potential to Rally 28% as Wall Street Analysts Expect?

August 22, 2022 | nasdaq.com

OceanFirst Financial Corp Breaks Below 200-Day Moving Average - Notable for OCFC

August 16, 2022 | finance.yahoo.com

Best Income Stocks to Buy for August 16th

August 14, 2022 | finance.yahoo.com

Philadelphia-area banks post strong 2Q earnings, but economic uncertainty clouds outlook

August 8, 2022 | finance.yahoo.com

This is Why OceanFirst Financial (OCFC) is a Great Dividend Stock

August 3, 2022 | finance.yahoo.com

How Much Upside is Left in OceanFirst (OCFC)? Wall Street Analysts Think 29%

August 1, 2022 | finance.yahoo.com

Investors in OceanFirst Financial (NASDAQ:OCFC) have unfortunately lost 12% over the last five years

July 29, 2022 | seekingalpha.com

OceanFirst Financial Corp. (OCFC) CEO Christopher Maher on Q2 2022 Results - Earnings Call Transcript

July 29, 2022 | fool.com

OceanFirst Financial (OCFC) Q2 2022 Earnings Call Transcript

July 28, 2022 | finance.yahoo.com

OceanFirst Financial Corp. Announces Second Quarter Financial Results

July 28, 2022 | finance.yahoo.com

OceanFirst Financial (OCFC) Q2 Earnings Top Estimates

July 22, 2022 | finance.yahoo.com

What Makes OceanFirst (OCFC) a New Strong Buy Stock

July 14, 2022 | nasdaq.com

Will Insiders Be Tempted To Buy More OCFC At The New 52-Week Low?

July 11, 2022 | finance.yahoo.com

Can OceanFirst (OCFC) Climb 36% to Reach the Level Wall Street Analysts Expect?

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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OCFC Company Calendar

Last Earnings: 10/25/2022
Ex-Dividend for 11/18 Dividend: 11/04/2022
Dividend Payable: 11/18/2022
Today: 12/04/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 1/26/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Federal savings institutions
Sub-Industry: Thrifts & Mortgage Finance
Sector: Finance
Current Symbol: NASDAQ:OCFC
CUSIP: 67523410
CIK: 1004702
Web: www.oceanfirst.com
Phone: (732) 240-4500
Fax: 302-655-5049
Employees: 894
Year Founded: 1902

Profitability

EPS (Most Recent Fiscal Year): $1.90
Trailing P/E Ratio: 12.32
Forward P/E Ratio: 10.09
P/E Growth: N/A
Net Income: $110.08 million
Net Margins: 26.95%
Pretax Margin: 34.86%
Return on Equity: 8.52%
Return on Assets: 1.06%

Debt

Debt-to-Equity Ratio: 0.48
Current Ratio: 0.98
Quick Ratio: 0.98

Sales & Book Value

Annual Sales: $394.02 million
Price / Sales: 3.51
Cash Flow: $2.34 per share
Price / Cash Flow: 10.02
Book Value: $26.04 per share
Price / Book: 0.90

Miscellaneous

Outstanding Shares: 59,140,000
Free Float: 56,244,000
Market Cap: $1.38 billion
Optionable: Optionable
Beta: 0.86

Social Links

Key Executives

Mr. Christopher D. Maher (Age 55)
Chairman & CEO
Comp: $1.95M

Mr. Joseph J. Lebel III (Age 60)
Pres, COO & Director
Comp: $1.26M

Mr. Steven J. Tsimbinos Esq. (Age 52)
Exec. VP, Gen. Counsel & Corp. Sec.
Comp: $634.95k

Ms. Michele B. Estep (Age 52)
EVP and Chief Admin. Officer of OceanFirst Bank, N.A.
Comp: $651.49k

Mr. Patrick S. Barrett (Age 58)
CFO & Exec. VP

Ms. Angela K. Ho (Age 38)
Sr. VP & Chief Accounting Officer

Mr. Karthik Sridharan (Age 52)
Exec. VP & Chief Information Officer

Ms. Jill Apito Hewitt (Age 57)
Sr. VP & Investor Relations Officer

Ms. Grace M. Vallacchi (Age 58)
Exec. VP & Chief Risk Officer

Mr. Anthony Giordano III (Age 56)
Exec. VP & Chief of Banking Operations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

OCFC Stock - Frequently Asked Questions

Should I buy or sell OceanFirst Financial stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" OCFC shares.
View OCFC analyst ratings or view top-rated stocks.
How have OCFC shares performed in 2022?: OceanFirst Financial's stock was trading at $22.20 on January 1st, 2022. Since then, OCFC shares have increased by 5.5% and is now trading at $23.41.
View the best growth stocks for 2022 here.
When is OceanFirst Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our OCFC earnings forecast.
How were OceanFirst Financial's earnings last quarter?: OceanFirst Financial Corp. (NASDAQ:OCFC) issued its earnings results on Tuesday, October, 25th. The savings and loans company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.04. OceanFirst Financial had a net margin of 26.95% and a trailing twelve-month return on equity of 8.52%. During the same quarter in the previous year, the business posted $0.45 EPS.
How often does OceanFirst Financial pay dividends? What is the dividend yield for OceanFirst Financial?: OceanFirst Financial declared a quarterly dividend on Monday, October 24th. Shareholders of record on Monday, November 7th will be given a dividend of $0.20 per share on Friday, November 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Friday, November 4th.
Read our dividend analysis for OCFC.
Is OceanFirst Financial a good dividend stock?: OceanFirst Financial (NASDAQ:OCFC) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.42%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 42.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OCFC will have a dividend payout ratio of 30.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OCFC.

What is Christopher D. Maher's approval rating as OceanFirst Financial's CEO?: 21 employees have rated OceanFirst Financial Chief Executive Officer Christopher D. Maher on Glassdoor.com. Christopher D. Maher has an approval rating of 97% among the company's employees. This puts Christopher D. Maher in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
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 B&G Foods (BGS), Occidental Petroleum (OXY), Pfizer (PFE), AT&T (T), Bank of America (BAC), Walt Disney (DIS), Eastman Chemical (EMN), Enterprise Products Partners (EPD), Invesco (IVZ) and Johnson & Johnson (jnj).
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 retail and institutional investors. Top institutional investors include BlackRock Inc. (10.74%), Dimensional Fund Advisors LP (5.59%), Vanguard Group Inc. (5.12%), State Street Corp (2.63%), Endeavour Capital Advisors Inc. (2.36%) and Nuveen Asset Management LLC (2.20%). Insiders that own company stock include Angela K Ho, Anthony Giordano III, Christopher Maher, Grace Vallacchi, Joseph Lebel III, Karthik Sridharan, Michael D Devlin, Michele B Estep, Nicos Katsoulis, Patricia Lynne Turner, Patrick Sean Barrett, Steven E Brady, Steven James Tsimbinos and William D Moss.
View institutional ownership trends.
How do I buy shares of OceanFirst Financial?: Shares of OCFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is OceanFirst Financial's stock price today?: One share of OCFC stock can currently be purchased for approximately $23.41.
How much money does OceanFirst Financial make?: OceanFirst Financial (NASDAQ:OCFC) has a market capitalization of $1.38 billion and generates $394.02 million in revenue each year. The savings and loans company earns $110.08 million in net income (profit) each year or $1.90 on an earnings per share basis.
How many employees does OceanFirst Financial have?: The company employs 894 workers across the globe.
How can I contact OceanFirst Financial?: OceanFirst Financial's mailing address is 110 West Front Street, Red Bank NJ, 07701. The official website for the company is www.oceanfirst.com. The savings and loans company can be reached via phone at (732) 240-4500, via email at investorrelations@oceanfirst.com, or via fax at 302-655-5049.

This page (NASDAQ:OCFC) was last updated on 12/4/2022 by MarketBeat.com Staff

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