NASDAQ:OCFC - OceanFirst Financial Stock Price, News & Analysis

$20.69
-0.51 (-2.41 %)
(As of 08/23/2019 04:00 PM ET)
Today's Range
$20.67
Now: $20.69
$21.19
50-Day Range
$20.76
MA: $23.80
$25.76
52-Week Range
$20.67
Now: $20.69
$29.71
Volume173,388 shs
Average Volume164,556 shs
Market Capitalization$1.06 billion
P/E Ratio10.45
Dividend Yield3.21%
Beta0.73
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. Read More…

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$311.48 million
Cash Flow$1.9556 per share
Book Value$22.25 per share

Profitability

Net Income$71.93 million

Miscellaneous

EmployeesN/A
Market Cap$1.06 billion
Next Earnings Date10/24/2019 (Estimated)
OptionableOptionable

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OceanFirst Financial (NASDAQ:OCFC) Frequently Asked Questions

What is OceanFirst Financial's stock symbol?

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

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

OceanFirst Financial declared a quarterly dividend on Thursday, July 25th. Stockholders of record on Monday, August 5th will be paid a dividend of $0.17 per share on Friday, August 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Friday, August 2nd. This is a boost from OceanFirst Financial's previous quarterly dividend of $0.13. View OceanFirst Financial's Dividend History.

How were OceanFirst Financial's earnings last quarter?

OceanFirst Financial Corp. (NASDAQ:OCFC) released its earnings results on Thursday, July, 25th. The savings and loans company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.55 by $0.04. The savings and loans company earned $74.72 million during the quarter, compared to the consensus estimate of $77.38 million. OceanFirst Financial had a return on equity of 9.53% and a net margin of 27.15%. View OceanFirst Financial's Earnings History.

When is OceanFirst Financial's next earnings date?

OceanFirst Financial is scheduled to release their next quarterly earnings announcement on Thursday, October 24th 2019. View Earnings Estimates for OceanFirst Financial.

What price target have analysts set for OCFC?

6 analysts have issued 12-month target prices for OceanFirst Financial's shares. Their predictions range from $21.50 to $28.00. On average, they expect OceanFirst Financial's stock price to reach $25.25 in the next year. This suggests a possible upside of 22.0% from the stock's current price. View Analyst Price Targets for OceanFirst Financial.

What is the consensus analysts' recommendation for OceanFirst Financial?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for OceanFirst Financial.

What are Wall Street analysts saying about OceanFirst Financial stock?

Here are some recent quotes from research analysts about OceanFirst Financial stock:
  • 1. According to Zacks Investment Research, "OceanFirst Financial Corp. is a holding company for the OceanFirst Bank. " (8/1/2019)
  • 2. Boenning Scattergood analysts commented, "We’ll wait for evidence that the company’s increased lending presence in the Philly and NYC metro markets can meaningfully contribute to net loan growth. We believe the risk/reward profile is balanced today with shares trading relatively in-line with peers on a P/E basis (11.5x our 2019E vs. 11.3x peers) and at a premium to TBV (1.7x vs.1.5 peers). We maintain our Neutral rating." (4/29/2019)

Has OceanFirst Financial been receiving favorable news coverage?

News stories about OCFC stock have been trending positive this week, InfoTrie reports. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. OceanFirst Financial earned a coverage optimism score of 2.5 on InfoTrie's scale. They also assigned media stories about the savings and loans company a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the company's share price in the near term. View News Stories for OceanFirst Financial.

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 Net Element (NETE), Walt Disney (DIS), Blackstone Group (BX), Ensco Rowan (ESV), Amgen (AMGN), Great Southern Bancorp (GSBC), Chemed (CHE), General Electric (GE), AG Mortgage Investment Trust (MITT) and Occidental Petroleum (OXY).

Who are OceanFirst Financial's key executives?

OceanFirst Financial's management team includes the folowing 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)

Who are OceanFirst Financial's major shareholders?

OceanFirst Financial's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.92%), Vanguard Group Inc. (4.53%), Victory Capital Management Inc. (2.83%), Renaissance Technologies LLC (2.48%), Brown Advisory Inc. (2.22%) and Northern Trust Corp (1.71%). Company insiders that own OceanFirst Financial stock include Angelo Catania, Christopher Maher, Grace Vallacchi, John K Lloyd, Joseph J Burke, Joseph R Iantosca, Kimberly M Guadagno, Michael D Devlin, Samuel Young and Steven E Brady. 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 Bank of America Corp DE, William Blair Investment Management LLC, Keeley Teton Advisors LLC, Clover Partners L.P., AlphaOne Investment Services LLC, Hennessy Advisors Inc., First Trust Advisors LP and Brown Advisory Inc.. Company insiders that have sold OceanFirst Financial company stock in the last year include Grace Vallacchi, Joseph R Iantosca, Michael D Devlin and Samuel Young. View Insider Buying and Selling 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 Invesco Ltd., Nuveen Asset Management LLC, Wells Fargo & Company MN, Emerald Advisers LLC, Marshall Wace LLP, Victory Capital Management Inc., Emerald Mutual Fund Advisers Trust and BlackRock Inc.. Company insiders that have bought OceanFirst Financial stock in the last two years include Christopher Maher, John K Lloyd and Kimberly M Guadagno. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is OceanFirst Financial's stock price today?

One share of OCFC stock can currently be purchased for approximately $20.69.

How big of a company is OceanFirst Financial?

OceanFirst Financial has a market capitalization of $1.06 billion and generates $311.48 million in revenue each year. The savings and loans company earns $71.93 million in net income (profit) each year or $1.98 on an earnings per share basis. View Additional Information About OceanFirst Financial.

What is OceanFirst Financial's official website?

The official website for OceanFirst Financial is http://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]


MarketBeat Community Rating for OceanFirst Financial (NASDAQ OCFC)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  207 (Vote Outperform)
Underperform Votes:  291 (Vote Underperform)
Total Votes:  498
MarketBeat's community ratings are surveys of what our community members think about OceanFirst Financial and other stocks. Vote "Outperform" if you believe OCFC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OCFC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/24/2019 by MarketBeat.com Staff

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