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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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NASDAQ:OCFC

OceanFirst Financial Stock Forecast, Price & News

$20.11
-0.45 (-2.19 %)
(As of 01/15/2021 08:00 PM ET)
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Today's Range
$20.00
Now: $20.11
$20.31
50-Day Range
$15.77
MA: $18.29
$20.56
52-Week Range
$11.60
Now: $20.11
$25.35
Volume5,659 shs
Average Volume183,590 shs
Market Capitalization$1.21 billion
P/E Ratio21.17
Dividend Yield3.38%
Beta0.98
OceanFirst Financial Corp. operates as the holding company for OceanFirst Bank N.A. that provides community banking services. The company accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. It also offers commercial real estate, multi-family mortgage, land loans, construction, and commercial and industrial 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, wealth management, and trust and asset management services; and sells alternative investment products and life insurance products. As of December 31, 2019 the company operated through its branch office in Toms River; administrative/branch office located in Red Bank; 54 additional branch offices and five deposit production facilities located throughout central and southern New Jersey; and commercial loan production offices in New York City, the Philadelphia area, as well as Atlantic, Cape May, and Mercer Counties in New Jersey. OceanFirst Financial Corp. was founded in 1902 and is based in Red Bank, New Jersey.
OceanFirst Financial logo

MarketRank

Overall MarketRank

2.31 out of 5 stars

Finance Sector

46th out of 301 stocks

Federal Savings Institutions Industry

2nd out of 16 stocks

Analyst Opinion: 1.4Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 3.1 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$350.96 million
Cash Flow$2.16 per share
Book Value$22.90 per share

Profitability

Net Income$88.57 million

Miscellaneous

Market Cap$1.21 billion
Next Earnings Date1/28/2021 (Confirmed)
OptionableOptionable
$20.11
-0.45 (-2.19 %)
(As of 01/15/2021 08:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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OceanFirst Financial (NASDAQ:OCFC) Frequently Asked Questions

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

OceanFirst Financial's stock was trading at $16.37 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, OCFC stock has increased by 22.8% and is now trading at $20.11.
View which stocks have been most impacted by COVID-19
.

Is OceanFirst Financial a buy right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last twelve months. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" OceanFirst Financial stock.
View analyst ratings for OceanFirst Financial
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than OceanFirst Financial?

Wall Street analysts have given OceanFirst Financial a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but OceanFirst Financial wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is OceanFirst Financial's next earnings date?

OceanFirst Financial is scheduled to release its next quarterly earnings announcement on Thursday, January 28th 2021.
View our earnings forecast for OceanFirst Financial
.

How can I listen to OceanFirst Financial's earnings call?

OceanFirst Financial will be holding an earnings conference call on Thursday, January 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were OceanFirst Financial's earnings last quarter?

OceanFirst Financial Corp. (NASDAQ:OCFC) announced its quarterly earnings results on Thursday, July, 23rd. The savings and loans company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. The savings and loans company had revenue of $90.10 million for the quarter, compared to analyst estimates of $89.60 million. OceanFirst Financial had a return on equity of 5.38% and a net margin of 13.14%.
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 Thursday, October 29th. Investors of record on Monday, November 9th will be paid a dividend of $0.17 per share on Friday, November 20th. This represents a $0.68 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Friday, November 6th.
View OceanFirst Financial's dividend history
.

Is OceanFirst Financial a good dividend stock?

OceanFirst Financial pays an annual dividend of $0.68 per share and currently has a dividend yield of 3.38%. The dividend payout ratio of OceanFirst Financial is 32.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OceanFirst Financial will have a dividend payout ratio of 45.33% next year. This indicates that OceanFirst Financial will be able to sustain or increase its dividend.
View OceanFirst Financial's dividend history.

What price target have analysts set for OCFC?

6 Wall Street analysts have issued 12-month price objectives for OceanFirst Financial's shares. Their forecasts range from $17.00 to $24.00. On average, they expect OceanFirst Financial's share price to reach $21.00 in the next year. This suggests a possible upside of 4.4% from the stock's current price.
View analysts' price targets for OceanFirst Financial
or view Wall Street analyst' top-rated stocks.

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 B&G Foods (BGS), Occidental Petroleum (OXY), Pfizer (PFE), AT&T (T), Bank of America (BAC), The Walt Disney (DIS), Eastman Chemical (EMN), Enterprise Products Partners (EPD), Invesco (IVZ) and Johnson & Johnson (jnj).

Who are OceanFirst Financial's key executives?

OceanFirst Financial's management team includes the following people:
  • Mr. Christopher D. Maher, Chairman, Pres & CEO (Age 53, Pay $1.75M)
  • Mr. Michael J. Fitzpatrick, Exec. VP & CFO (Age 65, Pay $676.39k)
  • Mr. Joseph J. Lebel III, Exec. VP & Chief Operating Officer (Age 58, Pay $603.14k)
  • Mr. Steven J. Tsimbinos Esq., Exec. VP, Gen. Counsel & Corp. Sec. (Age 50, Pay $506.33k)
  • Mr. Joseph R. Iantosca, Consultant (Age 60, Pay $436.85k)
  • Ms. Grace M. Vallacchi, Exec. VP, Chief Risk Officer & Director (Age 56, Pay $497.68k)
  • Ms. Angela K. Ho, Sr. VP & Chief Accounting Officer (Age 36)
  • Mr. Karthik Sridharan, Exec. VP & Chief Information Officer (Age 50)
  • Ms. Michele B. Estep, Exec. VP & Chief Admin. Officer (Age 50)
  • Ms. Jill Apito Hewitt, Sr. VP & Investor Relations Officer (Age 55)

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 Wedge Capital Management L L P NC (0.88%) and HGK Asset Management Inc. (0.05%). Company insiders that own OceanFirst Financial stock include Grace Vallacchi, John K Lloyd, Joseph R Iantosca, 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 HGK Asset Management Inc.. 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
or view top insider-selling stocks.

Which major investors are buying OceanFirst Financial stock?

OCFC stock was acquired by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC. Company insiders that have bought OceanFirst Financial stock in the last two years include John K Lloyd, Nicos Katsoulis, and Steven James Tsimbinos.
View insider buying and selling activity for OceanFirst Financial
or or view top insider-buying stocks.

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 WeBull, 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 $20.11.

How big of a company is OceanFirst Financial?

OceanFirst Financial has a market capitalization of $1.21 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 1/19/2021 by MarketBeat.com Staff

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