OceanFirst Financial - OCFC Stock Forecast, Price & News

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.

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.

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

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%.

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.

ETFs with the largest weight of OceanFirst Financial (NASDAQ:OCFC) stock in their portfolio include VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), First Trust NASDAQ ABA Community Bank Index Fund (QABA), iShares US Small Cap Value Factor ETF (SVAL), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF), VictoryShares US Small Cap Volatility Wtd (CSA), First Trust Small Cap Value AlphaDEX Fund (FYT), Vanguard U.S. Value Factor (VFVA) and Timothy Plan US Small Cap Core ETF (TPSC).

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.

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.

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).

OceanFirst Financial trades on the NASDAQ under the ticker symbol "OCFC."

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.
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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.
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One share of OCFC stock can currently be purchased for approximately $19.08.

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.

The company employs 894 workers across the globe.

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.