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NASDAQ:OCFC

OceanFirst Financial Stock Forecast, Price & News

$14.40
-0.50 (-3.36 %)
(As of 09/19/2020 12:07 AM ET)
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Today's Range
$14.39
Now: $14.40
$15.02
50-Day Range
$14.69
MA: $15.86
$17.41
52-Week Range
$11.60
Now: $14.40
$25.61
Volume490,700 shs
Average Volume249,146 shs
Market Capitalization$869.18 million
P/E Ratio9.35
Dividend Yield4.72%
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: 3.5Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.49 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$2.08 per share
Book Value$22.90 per share

Profitability

Net Income$88.57 million

Miscellaneous

EmployeesN/A
Market Cap$869.18 million
Next Earnings Date10/22/2020 (Estimated)
OptionableOptionable
$14.40
-0.50 (-3.36 %)
(As of 09/19/2020 12:07 AM 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 been impacted by COVID-19?

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. Since then, OCFC stock has decreased by 12.0% and is now trading at $14.40.
View which stocks have been most impacted by COVID-19
.

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

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last year. There are currently 2 buy ratings 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, October 22nd 2020.
View our earnings forecast for OceanFirst Financial
.

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 EPS for the quarter, beating 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 analysts' expectations of $89.60 million. OceanFirst Financial had a net margin of 21.11% and a return on equity of 7.86%.
View OceanFirst Financial's earnings history
.

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

OceanFirst Financial announced a quarterly dividend on Thursday, July 23rd. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.17 per share on Friday, August 14th. This represents a $0.68 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend is Friday, July 31st. This is a boost from OceanFirst Financial's previous quarterly dividend of $0.13.
View OceanFirst Financial's dividend history
.

What price target have analysts set for OCFC?

2 brokers have issued twelve-month target prices for OceanFirst Financial's shares. Their forecasts range from $20.00 to $25.50. On average, they anticipate OceanFirst Financial's stock price to reach $22.75 in the next year. This suggests a possible upside of 58.0% from the stock's current price.
View analysts' price targets for OceanFirst Financial
.

Are investors shorting OceanFirst Financial?

OceanFirst Financial saw a decline in short interest in August. As of August 31st, there was short interest totaling 530,600 shares, a decline of 15.1% from the August 15th total of 624,900 shares. Based on an average daily trading volume, of 215,900 shares, the short-interest ratio is currently 2.5 days.
View OceanFirst Financial's Short Interest
.

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 Occidental Petroleum (OXY), AT&T (T), Bank of America (BAC), Walt Disney (DIS), Invesco (IVZ), Johnson & Johnson (JNJ), Wells Fargo & Company (WFC), Exxon Mobil (XOM), B&G Foods (BGS) and Enterprise Products Partners (EPD).

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 variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (4.93%), Goldman Sachs Group Inc. (3.31%), Emerald Mutual Fund Advisers Trust (1.26%), Emerald Advisers LLC (1.24%), Nuveen Asset Management LLC (0.94%) and Bank of New York Mellon Corp (0.83%). Company insiders that own OceanFirst Financial stock include Christopher Maher, 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 institutional investors are selling OceanFirst Financial stock?

OCFC stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Atom Investors LP, Goldman Sachs Group Inc., Addison Capital Co, SG Americas Securities LLC, Corbyn Investment Management Inc. MD, Prudential Financial Inc., and Teton Advisors 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
.

Which institutional investors are buying OceanFirst Financial stock?

OCFC stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., EJF Capital LLC, Nuveen Asset Management LLC, Healthcare of Ontario Pension Plan Trust Fund, Mackay Shields LLC, Emerald Mutual Fund Advisers Trust, Barclays PLC, and State of Wisconsin Investment Board. Company insiders that have bought OceanFirst Financial stock in the last two years include Christopher Maher, John K Lloyd, 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 $14.40.

How big of a company is OceanFirst Financial?

OceanFirst Financial has a market capitalization of $869.18 million 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 9/21/2020 by MarketBeat.com Staff

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