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NASDAQ:OCFC

OceanFirst Financial - OCFC Stock Forecast, Price & News

$24.86
+0.23 (+0.93%)
(As of 02/7/2023 04:08 PM ET)
Add
Compare
Today's Range
$24.39
$24.87
50-Day Range
$20.79
$24.83
52-Week Range
$18.24
$24.87
Volume
106,547 shs
Average Volume
213,666 shs
Market Capitalization
$1.47 billion
P/E Ratio
10.27
Dividend Yield
3.22%
Price Target
$25.00

OceanFirst Financial MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
0.8% Upside
$25.00 Price Target
Short Interest
Healthy
1.33% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.86mentions of OceanFirst Financial in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.93%
From $2.70 to $2.86 Per Share

Overall MarketRank

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

2.07 out of 5 stars

Finance Sector

551st out of 861 stocks

Federal Savings Institutions Industry

18th out of 38 stocks

OCFC stock logo

About OceanFirst Financial (NASDAQ:OCFC) Stock

OceanFirst Financial Corp. operates as a savings and loan holding company, which engages in the provision of financial services. Its subsidiary OceanFirst Bank, offers commercial and residential financing solutions, wealth management, and deposit services. It has retail branches throughout the state and in metropolitan New York City along with loan production offices in New Jersey, New York City and Pennsylvania. The company is headquartered in Red Bank, NJ.

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OCFC Stock News Headlines

Apple, Amazon, and Walmart are Investing in Solar Energy
The global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
OceanFirst Financial (OCFC) Could Be a Great Choice
Apple, Amazon, and Walmart are Investing in Solar Energy
The global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
Earnings Preview: OceanFirst Financial
OceanFirst Financial Becomes Oversold
Best Income Stocks to Buy for August 16th
See More Headlines
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OCFC Company Calendar

Ex-Dividend for 11/18 Dividend
11/04/2022
Dividend Payable
11/18/2022
Last Earnings
1/19/2023
Ex-Dividend for 2/17 Dividend
2/03/2023
Today
2/07/2023
Dividend Payable
2/17/2023
Next Earnings (Estimated)
4/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Federal savings institutions
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
Current Symbol
NASDAQ:OCFC
CUSIP
67523410
Employees
894
Year Founded
1902

Price Target and Rating

Average Stock Price Forecast
$25.00
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$25.00
Forecasted Upside/Downside
+0.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$146.60 million
Pretax Margin
34.86%

Debt

Sales & Book Value

Annual Sales
$490.27 million
Cash Flow
$2.34 per share
Book Value
$25.52 per share

Miscellaneous

Free Float
56,244,000
Market Cap
$1.47 billion
Optionable
Optionable
Beta
0.91

Social Links


Key Executives

  • Christopher D. Maher
    Chairman & Chief Executive Officer
  • Joseph J. Lebel
    Chief Operating Officer, Director & Executive VP
  • Patrick Sean Barrett
    Chief Financial Officer & Executive Vice President
  • Steven J. Tsimbinos
    Secretary, Executive VP & General Counsel
  • Michele B. Estep
    Chief Administrative Officer & Executive VP













OCFC Stock - Frequently Asked Questions

Should I buy or sell OceanFirst Financial stock right now?

2 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 and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" OCFC shares.
View OCFC analyst ratings
or view top-rated stocks.

What is OceanFirst Financial's stock price forecast for 2023?

2 brokers have issued 12-month price targets for OceanFirst Financial's stock. Their OCFC share price forecasts range from $25.00 to $25.00. On average, they expect the company's share price to reach $25.00 in the next year. This suggests a possible upside of 2.0% from the stock's current price.
View analysts price targets for OCFC
or view top-rated stocks among Wall Street analysts.

How have OCFC shares performed in 2023?

OceanFirst Financial's stock was trading at $21.25 at the beginning of 2023. Since then, OCFC stock has increased by 15.4% and is now trading at $24.52.
View the best growth stocks for 2023 here
.

When is OceanFirst Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our OCFC earnings forecast
.

How were OceanFirst Financial's earnings last quarter?

OceanFirst Financial Corp. (NASDAQ:OCFC) issued its earnings results on Thursday, January, 19th. The savings and loans company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.04. The savings and loans company earned $134.04 million during the quarter, compared to the consensus estimate of $110.75 million. OceanFirst Financial had a trailing twelve-month return on equity of 9.30% and a net margin of 29.90%.

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

OceanFirst Financial announced a quarterly dividend on Thursday, January 19th. Investors of record on Monday, February 6th will be paid a dividend of $0.20 per share on Friday, February 17th. This represents a $0.80 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Friday, February 3rd.
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 3.22%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OCFC will have a dividend payout ratio of 27.97% 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 number of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.88%), Allspring Global Investments Holdings LLC (0.58%), Wedge Capital Management L L P NC (0.55%), Hennessy Advisors Inc. (0.40%), Addison Capital Co (0.24%) and Knights of Columbus Asset Advisors LLC (0.19%). 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 $24.52.

How much money does OceanFirst Financial make?

OceanFirst Financial (NASDAQ:OCFC) has a market capitalization of $1.45 billion and generates $490.27 million in revenue each year. The savings and loans company earns $146.60 million in net income (profit) each year or $2.42 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 2/7/2023 by MarketBeat.com Staff