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

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$28.53 +0.12 (+0.42 %)
(As of 09/20/2018 01:30 AM ET)
Previous Close$28.41
Today's Range$28.37 - $28.75
52-Week Range$25.00 - $30.90
Volume244,100 shs
Average Volume215,717 shs
Market Capitalization$1.38 billion
P/E Ratio16.79
Dividend Yield2.10%
Beta0.5
OceanFirst Financial logoOceanFirst 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, 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 an administrative/branch office located in Toms River, New Jersey; and 45 additional branch offices and 3 deposit production facilities in central and southern New Jersey, as well as operates a wealth management office in Ocean County, and commercial loan production offices in the Philadelphia area and Atlantic, Cape May, and Mercer Counties in New Jersey. OceanFirst Financial Corp. was founded in 1902 and is based in Toms River, New Jersey.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Federal savings institutions
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
SymbolNASDAQ:OCFC
CUSIP67523410
Phone732-240-4500

Debt

Debt-to-Equity Ratio0.78
Current Ratio0.99
Quick Ratio0.99

Price-To-Earnings

Trailing P/E Ratio16.79
Forward P/E Ratio13.92
P/E Growth1.4

Sales & Book Value

Annual Sales$215.90 million
Price / Sales6.38
Cash Flow$1.8708 per share
Price / Cash15.25
Book Value$18.47 per share
Price / Book1.54

Profitability

EPS (Most Recent Fiscal Year)$1.70
Net Income$42.47 million
Net Margins16.84%
Return on Equity8.97%
Return on Assets1.11%

Miscellaneous

EmployeesN/A
Outstanding Shares48,310,000
Market Cap$1.38 billion

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 26th. Investors of record on Monday, August 6th will be given a dividend of $0.15 per share on Friday, August 17th. This represents a $0.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Friday, August 3rd. This is a boost from OceanFirst Financial's previous quarterly dividend of $0.13. View OceanFirst Financial's Dividend History.

How will OceanFirst Financial's stock buyback program work?

OceanFirst Financial announced that its board has approved a share repurchase plan on Sunday, June 4th 2017, which authorizes the company to repurchase 1,600,000 shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

How were OceanFirst Financial's earnings last quarter?

OceanFirst Financial Corp. (NASDAQ:OCFC) announced its quarterly earnings results on Thursday, July, 26th. The savings and loans company reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. The savings and loans company had revenue of $70.33 million for the quarter, compared to the consensus estimate of $72.43 million. OceanFirst Financial had a return on equity of 8.97% and a net margin of 16.84%. 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, 25th 2018. View Earnings Estimates for OceanFirst Financial.

What price target have analysts set for OCFC?

6 equities research analysts have issued 1-year price targets for OceanFirst Financial's stock. Their forecasts range from $29.00 to $37.00. On average, they anticipate OceanFirst Financial's stock price to reach $33.1667 in the next twelve months. This suggests a possible upside of 16.3% 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 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for OceanFirst Financial.

Who are some of OceanFirst Financial's key competitors?

Who are OceanFirst Financial's key executives?

OceanFirst Financial's management team includes the folowing people:
  • Mr. Christopher D. Maher, Chairman, Pres & CEO (Age 51)
  • Mr. Michael J. Fitzpatrick, Exec. VP & CFO (Age 63)
  • Mr. Steven J. Tsimbinos, Exec. VP, Gen. Counsel & Corp. Sec. (Age 48)
  • Mr. Steven E. Brady, Director (Age 65)
  • Mr. Joseph R. Iantosca, Exec. VP & Chief Admin. Officer of OceanFirst Bank (Age 58)

Has OceanFirst Financial been receiving favorable news coverage?

Press coverage about OCFC stock has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. OceanFirst Financial earned a daily sentiment score of 0.18 on Accern's scale. They also gave media coverage about the savings and loans company an impact score of 46.57 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days. View Recent Headlines for OceanFirst Financial.

Who are OceanFirst Financial's major shareholders?

OceanFirst Financial's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.52%), Dimensional Fund Advisors LP (5.43%), Renaissance Technologies LLC (3.32%), Victory Capital Management Inc. (2.19%), Brown Advisory Inc. (2.09%) and Northern Trust Corp (1.75%). Company insiders that own OceanFirst Financial stock include Angelo Catania, Christopher Maher, Donald E Mclaughlin, John R Garbarino, Joseph J Burke, Joseph Lebel III, Joseph R Iantosca, Kimberly M Guadagno, Michael D Devlin 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 OppenheimerFunds Inc., Emerald Mutual Fund Advisers Trust, Millennium Management LLC, Russell Investments Group Ltd., Renaissance Technologies LLC, Commonwealth Equity Services LLC, Jennison Associates LLC and Grace & White Inc. NY. Company insiders that have sold OceanFirst Financial company stock in the last year include Angelo Catania, Joseph J Burke, Joseph R Iantosca, Michael D Devlin and Steven E Brady. 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 FMR LLC, Schroder Investment Management Group, BlackRock Inc., Dimensional Fund Advisors LP, Bank of America Corp DE, Brown Advisory Inc., Citadel Advisors LLC and Wedge Capital Management L L P NC. Company insiders that have bought OceanFirst Financial stock in the last two years include Christopher Maher 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 $28.53.

How big of a company is OceanFirst Financial?

OceanFirst Financial has a market capitalization of $1.38 billion and generates $215.90 million in revenue each year. The savings and loans company earns $42.47 million in net income (profit) each year or $1.70 on an earnings per share basis.

How can I contact OceanFirst Financial?

OceanFirst Financial's mailing address is 975 HOOPER AVE, TOMS RIVER NJ, 08723. 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:  2.2 out of 5 (star star)
Outperform Votes:  170 (Vote Outperform)
Underperform Votes:  213 (Vote Underperform)
Total Votes:  383
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 9/20/2018 by MarketBeat.com Staff

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