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NASDAQ:OCFC

OceanFirst Financial Stock Forecast, Price & News

$22.82
+0.67 (+3.02 %)
(As of 03/3/2021 12:00 AM ET)
Add
Compare
Today's Range
$21.78
Now: $22.82
$23.44
50-Day Range
$18.16
MA: $20.24
$22.60
52-Week Range
$11.60
Now: $22.82
$23.44
Volume488,446 shs
Average Volume332,487 shs
Market Capitalization$1.38 billion
P/E Ratio24.02
Dividend Yield3.07%
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

Headlines

Analyzing OceanFirst Financial's Ex-Dividend Date
February 4, 2021 |  finance.yahoo.com
OceanFirst Financial: Q4 Earnings Insights
January 28, 2021 |  finance.yahoo.com
OceanFirst Financial Earnings Preview
January 27, 2021 |  finance.yahoo.com
Is OCFC A Good Stock To Buy Now?
December 16, 2020 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$350.96 million
Cash Flow$2.46 per share
Book Value$22.90 per share

Profitability

Net Income$88.57 million

Miscellaneous

Market Cap$1.38 billion
Next Earnings Date4/22/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.16 out of 5 stars

Finance Sector

133rd out of 1,944 stocks

Federal Savings Institutions Industry

5th out of 112 stocks

Analyst Opinion: 1.5Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
$22.82
+0.67 (+3.02 %)
(As of 03/3/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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OceanFirst Financial (NASDAQ:OCFC) Frequently Asked Questions

Is OceanFirst Financial a buy right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last twelve months. There are currently 1 hold rating, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" OceanFirst Financial stock.
View analyst ratings for OceanFirst Financial
or view top-rated stocks.

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, April 22nd 2021.
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 Wednesday, January, 27th. The savings and loans company reported $0.39 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.40 by $0.01. OceanFirst Financial had a net margin of 13.14% and a trailing twelve-month return on equity of 5.38%.
View OceanFirst Financial's earnings history
.

How has OceanFirst Financial's stock price 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 (WHO). Since then, OCFC shares have increased by 39.4% and is now trading at $22.82.
View which stocks have been most impacted by COVID-19
.

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

OceanFirst Financial announced a quarterly dividend on Thursday, January 28th. Stockholders of record on Monday, February 8th will be paid a dividend of $0.17 per share on Friday, February 19th. This represents a $0.68 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Friday, February 5th.
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 3.07%. OceanFirst Financial does not yet have a strock track record of dividend growth. 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 brokerages have issued 12-month price objectives for OceanFirst Financial's shares. Their forecasts range from $17.00 to $24.00. On average, they anticipate OceanFirst Financial's stock price to reach $21.60 in the next year. This suggests that the stock has a possible downside of 5.3%.
View analysts' price targets for OceanFirst Financial
or view top-rated stocks among Wall Street analysts.

Who are OceanFirst Financial's key executives?

OceanFirst Financial's management team includes the following people:
  • Mr. Christopher D. Maher, Chairman & CEO (Age 54, Pay $1.75M)
  • Mr. Joseph J. Lebel III, Pres & Director (Age 59, Pay $603.14k)
  • Mr. Michael J. Fitzpatrick, Exec. VP & CFO (Age 66, Pay $676.39k)
  • Mr. Steven J. Tsimbinos Esq., Exec. VP, Gen. Counsel & Corp. Sec. (Age 51, Pay $506.33k)
  • Mr. Joseph R. Iantosca, Consultant (Age 61, Pay $436.85k)
  • Ms. Grace M. Vallacchi, Exec. VP, Chief Risk Officer & Director (Age 57, Pay $497.68k)
  • Ms. Angela K. Ho, Sr. VP & Chief Accounting Officer (Age 37)
  • Mr. Karthik Sridharan, Exec. VP & Chief Information Officer (Age 51)
  • Ms. Michele B. Estep, Exec. VP & Chief Admin. Officer (Age 51)
  • Ms. Jill Apito Hewitt, Sr. VP & Investor Relations Officer (Age 56)

What is Christopher D. Maher's approval rating as OceanFirst Financial's CEO?

21 employees have rated OceanFirst Financial CEO Christopher D. Maher on Glassdoor.com. Christopher D. Maher has an approval rating of 97% among OceanFirst Financial's employees. This puts Christopher D. Maher in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.34%), Dimensional Fund Advisors LP (5.32%), FJ Capital Management LLC (4.54%), GW&K Investment Management LLC (2.09%), Northern Trust Corp (1.98%) and Renaissance Technologies LLC (1.27%). Company insiders that own OceanFirst Financial stock include Grace Vallacchi, John K Lloyd, Joseph R Iantosca, Michael D Devlin, Nicos Katsoulis, Patricia Lynne Turner, 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 Emerald Advisers LLC, Renaissance Technologies LLC, Wells Fargo & Company MN, Walthausen & Co. LLC, Northern Trust Corp, State of Wisconsin Investment Board, Barclays PLC, and JPMorgan Chase & Co..
View insider buying and selling activity for OceanFirst Financial
or view top insider-selling stocks.

Which institutional investors are buying OceanFirst Financial stock?

OCFC stock was acquired by a variety of institutional investors in the last quarter, including GW&K Investment Management LLC, BlackRock Inc., Wedge Capital Management L L P NC, Schroder Investment Management Group, FJ Capital Management LLC, Kennedy Capital Management Inc., First Trust Advisors LP, and Morgan Stanley. Company insiders that have bought OceanFirst Financial stock in the last two years include John K Lloyd, Nicos Katsoulis, Patricia Lynne Turner, 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.
Compare Top Brokerages Here.

What is OceanFirst Financial's stock price today?

One share of OCFC stock can currently be purchased for approximately $22.82.

How much money does OceanFirst Financial make?

OceanFirst Financial has a market capitalization of $1.38 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.

Where are OceanFirst Financial's headquarters?

OceanFirst Financial is headquartered at 110 West Front Street, Red Bank NJ, 07701.

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 3/3/2021 by MarketBeat.com Staff

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