Log in

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

$15.40
+0.02 (+0.13 %)
(As of 03/29/2020 04:00 PM ET)
Today's Range
$14.44
Now: $15.40
$15.66
50-Day Range
$12.05
MA: $19.45
$23.55
52-Week Range
$11.60
Now: $15.40
$26.09
Volume294,605 shs
Average Volume341,082 shs
Market Capitalization$928.62 million
P/E Ratio8.80
Dividend Yield4.42%
Beta0.89
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.
Read More
OceanFirst Financial logo

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$350.96 million
Cash Flow$2.18 per share
Book Value$22.90 per share

Profitability

Net Income$88.57 million

Miscellaneous

EmployeesN/A
Market Cap$928.62 million
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

Receive OCFC News and Ratings via Email

Sign-up to receive the latest news and ratings for OCFC and its competitors with MarketBeat's FREE daily newsletter.


OceanFirst Financial (NASDAQ:OCFC) Frequently Asked Questions

How has OceanFirst Financial's stock been impacted by COVID-19 (Coronavirus)?

OceanFirst Financial's stock was trading at $16.37 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, OCFC stock has decreased by 5.9% and is now trading at $15.40. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of OceanFirst Financial?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last year. There are currently 5 hold ratings, 1 buy rating and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for OceanFirst Financial.

When is OceanFirst Financial's next earnings date?

OceanFirst Financial is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for OceanFirst Financial.

How were OceanFirst Financial's earnings last quarter?

OceanFirst Financial Corp. (NASDAQ:OCFC) posted its earnings results on Monday, January, 27th. The savings and loans company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.53 by $0.02. The savings and loans company earned $74.59 million during the quarter, compared to analyst estimates of $75.18 million. OceanFirst Financial had a return on equity of 9.20% and a net margin of 25.24%. View OceanFirst Financial's earnings history.

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

OceanFirst Financial announced a quarterly dividend on Wednesday, January 22nd. Shareholders of record on Wednesday, February 5th will be paid a dividend of $0.17 per share on Wednesday, February 19th. This represents a $0.68 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Tuesday, February 4th. This is a positive change from OceanFirst Financial's previous quarterly dividend of $0.13. View OceanFirst Financial's dividend history.

What price target have analysts set for OCFC?

7 Wall Street analysts have issued 1-year price objectives for OceanFirst Financial's shares. Their forecasts range from $21.50 to $26.50. On average, they anticipate OceanFirst Financial's share price to reach $24.63 in the next year. This suggests a possible upside of 59.9% from the stock's current price. View analysts' price targets for OceanFirst Financial.

Has OceanFirst Financial been receiving favorable news coverage?

Media coverage about OCFC stock has been trending extremely negative on Sunday, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. OceanFirst Financial earned a media sentiment score of -4.0 on InfoTrie's scale. They also gave media headlines about the savings and loans company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near future. View the latest news aboutOceanFirst 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 Walt Disney (DIS), Occidental Petroleum (OXY), Amgen (AMGN), Gilead Sciences (GILD), Great Southern Bancorp (GSBC), Net Element (NETE), Bank of America (BAC), B&G Foods (BGS), Blackstone Group (BX) and Chemed (CHE).

Who are OceanFirst Financial's key executives?

OceanFirst Financial's management team includes the following 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)

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 Goldman Sachs Group Inc. (4.10%), Endeavour Capital Advisors Inc. (2.87%), Renaissance Technologies LLC (2.20%), State Street Corp (2.18%), Schroder Investment Management Group (1.87%) and Geode Capital Management LLC (1.52%). Company insiders that own OceanFirst Financial stock include Christopher Maher, Grace Vallacchi, John K Lloyd, Joseph R Iantosca, Kimberly M Guadagno, Michael D Devlin, Nicos Katsoulis, Samuel Young, Steven E Brady and William D Moss. 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 Driehaus Capital Management LLC, Renaissance Technologies LLC, William Blair Investment Management LLC, State of New Jersey Common Pension Fund D, Walthausen & Co. LLC, Stifel Financial Corp, First Trust Advisors LP, and Kennedy Capital Management Inc.. Company insiders that have sold OceanFirst Financial company stock in the last year include Samuel Young, Steven E Brady, and William D Moss. View insider buying and selling activity 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 Geode Capital Management LLC, Marshall Wace LLP, Bank of New York Mellon Corp, State Street Corp, Nuveen Asset Management LLC, Emerald Mutual Fund Advisers Trust, Barclays PLC, and LSV Asset Management. Company insiders that have bought OceanFirst Financial stock in the last two years include Christopher Maher, John K Lloyd, Kimberly M Guadagno, and Nicos Katsoulis. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is OceanFirst Financial's stock price today?

One share of OCFC stock can currently be purchased for approximately $15.40.

How big of a company is OceanFirst Financial?

OceanFirst Financial has a market capitalization of $928.62 million and generates $350.96 million in revenue each year. The savings and loans company earns $88.57 million in net income (profit) each year or $2.07 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:  250 (Vote Outperform)
Underperform Votes:  354 (Vote Underperform)
Total Votes:  604
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 3/29/2020 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel