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NASDAQ:OCFC

OceanFirst Financial - OCFC Stock Forecast, Price & News

$22.74
-0.07 (-0.31%)
(As of 12/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$22.57
▼
$22.88
50-Day Range
$18.64
▼
$23.69
52-Week Range
$18.24
▼
$24.25
Volume
188,501 shs
Average Volume
252,646 shs
Market Capitalization
$1.34 billion
P/E Ratio
11.97
Dividend Yield
3.51%
Price Target
N/A

OceanFirst Financial MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
1.88% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
14.22%
From $2.32 to $2.65 Per Share

Overall MarketRank™

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

2.63 out of 5 stars

Finance Sector

348th out of 872 stocks

Federal Savings Institutions Industry

10th out of 36 stocks

See Top Rated MarketRank™ Stocks Here
OCFC stock logo

About OceanFirst Financial (NASDAQ:OCFC) Stock

OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. The company also offers commercial real estate, multi-family, land loans, construction, and commercial and industrial loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; and 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. In addition, it invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments. Further, the company offers bankcard, wealth management, and trust and asset management services; and sells alternative investment products and life insurance products. As of December 31, 2021, it operated through its branch office in Toms River; administrative office located in Red Bank and Mount Laurel; 46 additional branch offices and four deposit production facilities located throughout central and southern New Jersey; and commercial loan production offices in New Jersey, New York City, the Philadelphia area, Baltimore, and Boston. The company was founded in 1902 and is based in Red Bank, New Jersey.

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OCFC Stock News Headlines

November 13, 2022 | finance.yahoo.com
OceanFirst Financial Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues Lag
October 30, 2022 | finance.yahoo.com
OceanFirst Financial Corp. (NASDAQ:OCFC) Looks Interesting, And It's About To Pay A Dividend
October 26, 2022 | bizjournals.com
OceanFirst could call off acquisition of Maryland bank, analyst says
October 26, 2022 | finance.yahoo.com
OceanFirst likely to call off acquisition of Maryland bank, analyst predicts
October 25, 2022 | seekingalpha.com
OceanFirst Financial Corp. (OCFC) Q3 2022 Earnings Call Transcript
October 25, 2022 | finance.yahoo.com
OceanFirst Financial (OCFC) Q3 Earnings and Revenues Surpass Estimates
October 21, 2022 | msn.com
Earnings Preview: OceanFirst Financial
October 14, 2022 | finance.yahoo.com
Does OceanFirst (OCFC) Have the Potential to Rally 31% as Wall Street Analysts Expect?
October 7, 2022 | nasdaq.com
Investors in OceanFirst Financial (NASDAQ:OCFC) have unfortunately lost 18% over the last five years
September 7, 2022 | nasdaq.com
OceanFirst Financial Becomes Oversold
August 24, 2022 | finance.yahoo.com
OceanFirst Financial (OCFC) is a Top Dividend Stock Right Now: Should You Buy?
August 23, 2022 | finance.yahoo.com
Does OceanFirst (OCFC) Have the Potential to Rally 28% as Wall Street Analysts Expect?
August 22, 2022 | nasdaq.com
OceanFirst Financial Corp Breaks Below 200-Day Moving Average - Notable for OCFC
August 16, 2022 | finance.yahoo.com
Best Income Stocks to Buy for August 16th
August 14, 2022 | finance.yahoo.com
Philadelphia-area banks post strong 2Q earnings, but economic uncertainty clouds outlook
August 8, 2022 | finance.yahoo.com
This is Why OceanFirst Financial (OCFC) is a Great Dividend Stock
August 3, 2022 | finance.yahoo.com
How Much Upside is Left in OceanFirst (OCFC)? Wall Street Analysts Think 29%
August 1, 2022 | finance.yahoo.com
Investors in OceanFirst Financial (NASDAQ:OCFC) have unfortunately lost 12% over the last five years
July 29, 2022 | seekingalpha.com
OceanFirst Financial Corp. (OCFC) CEO Christopher Maher on Q2 2022 Results - Earnings Call Transcript
July 29, 2022 | fool.com
OceanFirst Financial (OCFC) Q2 2022 Earnings Call Transcript
July 28, 2022 | finance.yahoo.com
OceanFirst Financial Corp. Announces Second Quarter Financial Results
July 28, 2022 | finance.yahoo.com
OceanFirst Financial (OCFC) Q2 Earnings Top Estimates
July 22, 2022 | finance.yahoo.com
What Makes OceanFirst (OCFC) a New Strong Buy Stock
July 14, 2022 | nasdaq.com
Will Insiders Be Tempted To Buy More OCFC At The New 52-Week Low?
July 11, 2022 | finance.yahoo.com
Can OceanFirst (OCFC) Climb 36% to Reach the Level Wall Street Analysts Expect?
See More Headlines
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OCFC Company Calendar

Last Earnings
10/25/2022
Ex-Dividend for 11/18 Dividend
11/04/2022
Dividend Payable
11/18/2022
Today
12/06/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/26/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Federal savings institutions
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
Current Symbol
NASDAQ:OCFC
CUSIP
67523410
CIK
1004702
Web
www.oceanfirst.com
Phone
(732) 240-4500
Fax
302-655-5049
Employees
894
Year Founded
1902

Profitability

EPS (Most Recent Fiscal Year)
$1.90
Trailing P/E Ratio
11.97
Forward P/E Ratio
9.80
P/E Growth
N/A
Net Income
$110.08 million
Net Margins
26.95%
Pretax Margin
34.86%
Return on Equity
8.52%
Return on Assets
1.06%

Debt

Debt-to-Equity Ratio
0.48
Current Ratio
0.98
Quick Ratio
0.98

Sales & Book Value

Annual Sales
$394.02 million
Price / Sales
3.41
Cash Flow
$2.27 per share
Price / Cash Flow
10.02
Book Value
$25.52 per share
Price / Book
0.89

Miscellaneous

Outstanding Shares
59,142,000
Free Float
56,244,000
Market Cap
$1.34 billion
Optionable
Optionable
Beta
0.86

Social Links


Key Executives

  • Mr. Christopher D. Maher (Age 55)
    Chairman & CEO
    Comp: $1.95M
  • Mr. Joseph J. Lebel IIIMr. Joseph J. Lebel III (Age 60)
    Pres, COO & Director
    Comp: $1.26M
  • Mr. Steven J. Tsimbinos Esq. (Age 52)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $634.95k
  • Ms. Michele B. Estep (Age 52)
    EVP and Chief Admin. Officer of OceanFirst Bank, N.A.
    Comp: $651.49k
  • Mr. Patrick S. Barrett (Age 58)
    CFO & Exec. VP
  • Ms. Angela K. Ho (Age 38)
    Sr. VP & Chief Accounting Officer
  • Mr. Karthik Sridharan (Age 52)
    Exec. VP & Chief Information Officer
  • Ms. Jill Apito Hewitt (Age 57)
    Sr. VP & Investor Relations Officer
  • Ms. Grace M. Vallacchi (Age 58)
    Exec. VP & Chief Risk Officer
  • Mr. Anthony Giordano III (Age 56)
    Exec. VP & Chief of Banking Operations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













OCFC Stock - Frequently Asked Questions

Should I buy or sell OceanFirst Financial stock right now?

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

How have OCFC shares performed in 2022?

OceanFirst Financial's stock was trading at $22.20 at the beginning of the year. Since then, OCFC shares have increased by 2.3% and is now trading at $22.70.
View the best growth stocks for 2022 here.

When is OceanFirst Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our OCFC earnings forecast.

How were OceanFirst Financial's earnings last quarter?

OceanFirst Financial Corp. (NASDAQ:OCFC) released its earnings results on Tuesday, October, 25th. The savings and loans company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. OceanFirst Financial had a trailing twelve-month return on equity of 8.52% and a net margin of 26.95%. During the same quarter in the previous year, the firm earned $0.45 earnings per share.

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

OceanFirst Financial announced a quarterly dividend on Monday, October 24th. Stockholders of record on Monday, November 7th will be paid a dividend of $0.20 per share on Friday, November 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date is Friday, November 4th.
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 3.42%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 42.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OCFC will have a dividend payout ratio of 30.19% 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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.74%), Dimensional Fund Advisors LP (5.59%), Vanguard Group Inc. (5.12%), State Street Corp (2.63%), Endeavour Capital Advisors Inc. (2.36%) and Nuveen Asset Management LLC (2.20%). Insiders that own company stock include Angela K Ho, Anthony Giordano III, Christopher Maher, Grace Vallacchi, Joseph Lebel III, Karthik Sridharan, Michael D Devlin, Michele B Estep, Nicos Katsoulis, Patricia Lynne Turner, Patrick Sean Barrett, Steven E Brady, Steven James Tsimbinos and William D Moss.
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 $22.70.

How much money does OceanFirst Financial make?

OceanFirst Financial (NASDAQ:OCFC) has a market capitalization of $1.34 billion and generates $394.02 million in revenue each year. The savings and loans company earns $110.08 million in net income (profit) each year or $1.90 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 12/6/2022 by MarketBeat.com Staff