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NASDAQ:OCFC

OceanFirst Financial - OCFC Stock Forecast, Price & News

$18.41
-0.56 (-2.95%)
(As of 03/23/2023 04:00 PM ET)
Add
Compare
Today's Range
$18.21
$19.46
50-Day Range
$18.07
$24.88
52-Week Range
$17.72
$24.93
Volume
406,992 shs
Average Volume
300,387 shs
Market Capitalization
$1.09 billion
P/E Ratio
7.61
Dividend Yield
4.35%
Price Target
$25.00

OceanFirst Financial MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
35.6% Upside
$25.00 Price Target
Short Interest
Healthy
1.30% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.23mentions of OceanFirst Financial in the last 14 days
Based on 12 Articles This Week
Insider Trading
Acquiring Shares
$146,121 Bought Last Quarter
Proj. Earnings Growth
5.13%
From $2.73 to $2.87 Per Share

Overall MarketRank

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

3.17 out of 5 stars

Finance Sector

53rd out of 876 stocks

Federal Savings Institutions Industry

2nd out of 40 stocks


OCFC stock logo

About OceanFirst Financial (NASDAQ:OCFC) Stock

OceanFirst Financial Corp. operates as a savings and loan holding company, which engages in the provision of financial services. Its subsidiary OceanFirst Bank, offers commercial and residential financing solutions, wealth management, and deposit services. It has retail branches throughout the state and in metropolitan New York City along with loan production offices in New Jersey, New York City and Pennsylvania. The company is headquartered in Red Bank, NJ.

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OCFC Stock News Headlines

The "King Of Quants" sees 10X potential...
Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...
OceanFirst Financial (NASDAQ:OCFC) Trading Up 10.1%
My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
OceanFirst Financial (OCFC) Could Be a Great Choice
Earnings Preview: OceanFirst Financial
See More Headlines
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OCFC Company Calendar

Last Earnings
1/19/2023
Ex-Dividend for 2/17 Dividend
2/03/2023
Dividend Payable
2/17/2023
Today
3/23/2023
Next Earnings (Estimated)
4/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Federal savings institutions
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
Current Symbol
NASDAQ:OCFC
CUSIP
67523410
Employees
894
Year Founded
1902

Price Target and Rating

Average Stock Price Forecast
$25.00
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$25.00
Forecasted Upside/Downside
+31.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$146.60 million
Pretax Margin
39.55%

Debt

Sales & Book Value

Annual Sales
$490.27 million
Cash Flow
$2.86 per share
Book Value
$26.81 per share

Miscellaneous

Free Float
56,298,000
Market Cap
$1.13 billion
Optionable
Optionable
Beta
0.91

Social Links


Key Executives

  • Christopher D. Maher
    Chairman & Chief Executive Officer
  • Joseph J. Lebel
    Chief Operating Officer, Director & Executive VP
  • Patrick Sean Barrett
    Chief Financial Officer & Executive Vice President
  • Karthik Sridharan
    Chief Information Officer & Executive VP
  • Angela K. Ho
    Chief Compliance Officer













OCFC Stock - Frequently Asked Questions

Should I buy or sell OceanFirst Financial stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" OCFC shares.
View OCFC analyst ratings
or view top-rated stocks.

What is OceanFirst Financial's stock price forecast for 2023?

2 analysts have issued 12 month target prices for OceanFirst Financial's stock. Their OCFC share price forecasts range from $25.00 to $25.00. On average, they predict the company's stock price to reach $25.00 in the next twelve months. This suggests a possible upside of 31.0% from the stock's current price.
View analysts price targets for OCFC
or view top-rated stocks among Wall Street analysts.

How have OCFC shares performed in 2023?

OceanFirst Financial's stock was trading at $21.25 at the beginning of the year. Since then, OCFC stock has decreased by 10.2% and is now trading at $19.08.
View the best growth stocks for 2023 here
.

When is OceanFirst Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our OCFC earnings forecast
.

How were OceanFirst Financial's earnings last quarter?

OceanFirst Financial Corp. (NASDAQ:OCFC) issued its quarterly earnings data on Thursday, January, 19th. The savings and loans company reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.04. The savings and loans company earned $134.04 million during the quarter, compared to the consensus estimate of $110.75 million. OceanFirst Financial had a net margin of 29.90% and a trailing twelve-month return on equity of 9.21%.

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

OceanFirst Financial declared a quarterly dividend on Thursday, January 19th. Stockholders of record on Monday, February 6th will be paid a dividend of $0.20 per share on Friday, February 17th. This represents a $0.80 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Friday, February 3rd.
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 4.23%. OCFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OCFC will have a dividend payout ratio of 27.87% 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 many different institutional and retail investors. Top institutional shareholders include Moneta Group Investment Advisors LLC (28.20%), Dimensional Fund Advisors LP (5.72%), JPMorgan Chase & Co. (3.98%), GW&K Investment Management LLC (2.86%), Geode Capital Management LLC (1.91%) and Endeavour Capital Advisors Inc. (1.56%). Insiders that own company stock include Angela K Ho, Anthony Giordano III, Christopher Maher, Grace Vallacchi, Joseph Lebel III, Joseph M Jr Murphy, Karthik Sridharan, Michael D Devlin, Michele B Estep, Nicos Katsoulis, Patricia Lynne Turner, Patrick Sean Barrett and Steven James Tsimbinos.
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 $19.08.

How much money does OceanFirst Financial make?

OceanFirst Financial (NASDAQ:OCFC) has a market capitalization of $1.13 billion and generates $490.27 million in revenue each year. The savings and loans company earns $146.60 million in net income (profit) each year or $2.42 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 3/23/2023 by MarketBeat.com Staff