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

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$24.14 -0.49 (-1.99 %)
(As of 05/24/2019 06:00 AM ET)
Previous Close$24.63
Today's Range$24.00 - $24.87
52-Week Range$21.30 - $30.90
Volume73,482 shs
Average Volume146,117 shs
Market Capitalization$1.24 billion
P/E Ratio12.19
Dividend Yield2.76%
Beta0.75
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. 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, 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 and wealth management services; and sells alternative investment products and life insurance products. The company operates through its branch office in Toms River; administrative office located in Red Bank; and 58 additional branch offices and 3 deposit production facilities located throughout central and southern New Jersey, as well as commercial loan production offices in New York City, the Philadelphia area and Atlantic, Cape May, and Mercer Counties in New Jersey. OceanFirst Financial Corp. was founded in 1902 and is based in Red Bank, New Jersey.

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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$1.9327 per share
Book Value$22.00 per share

Profitability

Net Income$71.93 million

Miscellaneous

EmployeesN/A
Market Cap$1.24 billion
Next Earnings Date7/25/2019 (Estimated)
OptionableOptionable

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 announced a quarterly dividend on Friday, April 26th. Investors of record on Monday, May 6th will be paid a dividend of $0.17 per share on Friday, May 17th. This represents a $0.68 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Friday, May 3rd. View OceanFirst Financial's Dividend History.

How will OceanFirst Financial's stock buyback program work?

OceanFirst Financial announced that its Board of Directors has initiated a stock buyback program on Sunday, June 4th 2017, which permits the company to repurchase 1,600,000 shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

How were OceanFirst Financial's earnings last quarter?

OceanFirst Financial Corp. (NASDAQ:OCFC) posted its quarterly earnings data on Thursday, April, 25th. The savings and loans company reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. The savings and loans company earned $73.90 million during the quarter, compared to the consensus estimate of $73.12 million. OceanFirst Financial had a net margin of 26.92% and a return on equity of 9.47%. 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, July 25th 2019. View Earnings Estimates for OceanFirst Financial.

What price target have analysts set for OCFC?

5 Wall Street analysts have issued 12-month price targets for OceanFirst Financial's shares. Their predictions range from $28.00 to $34.00. On average, they expect OceanFirst Financial's stock price to reach $32.25 in the next year. This suggests a possible upside of 33.6% from the stock's current price. View Analyst Price Targets for OceanFirst Financial.

What is the consensus analysts' recommendation for OceanFirst Financial?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. " (5/2/2019)
  • 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?

Press coverage about OCFC stock has trended neutral on Friday, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. OceanFirst Financial earned a daily sentiment score of 0.3 on InfoTrie's scale. They also assigned press coverage about the savings and loans company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near term.

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 a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.72%), Dimensional Fund Advisors LP (5.83%), Goldman Sachs Group Inc. (4.10%), Victory Capital Management Inc. (2.60%), Renaissance Technologies LLC (2.39%) and Northern Trust Corp (1.66%). Company insiders that own OceanFirst Financial stock include Angelo Catania, Christopher Maher, Donald E Mclaughlin, 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 major investors are selling OceanFirst Financial stock?

OCFC stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Wellington Management Group LLP, Skyline Asset Management LP, AlphaOne Investment Services LLC, Morgan Stanley, Wedge Capital Management L L P NC, Hennessy Advisors Inc. and Walthausen & Co. LLC. 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 major investors are buying OceanFirst Financial stock?

OCFC stock was acquired by a variety of institutional investors in the last quarter, including Pwmco LLC, Victory Capital Management Inc., Martingale Asset Management L P, Kennedy Capital Management Inc., Dimensional Fund Advisors LP, Hotchkis & Wiley Capital Management LLC, Hotchkis & Wiley Capital Management LLC and Castine Capital Management LLC. 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 $24.14.

How big of a company is OceanFirst Financial?

OceanFirst Financial has a market capitalization of $1.24 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.

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:  189 (Vote Outperform)
Underperform Votes:  267 (Vote Underperform)
Total Votes:  456
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 5/24/2019 by MarketBeat.com Staff

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