Should I buy or sell OceanFirst Financial stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" OCFC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OCFC, but not buy additional shares or sell existing shares. View OCFC analyst ratings or view top-rated stocks .

What is OceanFirst Financial's stock price target for 2024?

4 equities research analysts have issued 12 month price targets for OceanFirst Financial's stock. Their OCFC share price targets range from $15.00 to $22.00. On average, they predict the company's share price to reach $18.50 in the next twelve months. This suggests a possible upside of 25.9% 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 2024?

OceanFirst Financial's stock was trading at $17.36 on January 1st, 2024. Since then, OCFC shares have decreased by 15.4% and is now trading at $14.69. View the best growth stocks for 2024 here .

When is OceanFirst Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024. View our OCFC earnings forecast .

How can I listen to OceanFirst Financial's earnings call?

OceanFirst Financial will be holding an earnings conference call on Friday, April 19th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "203920".

How were OceanFirst Financial's earnings last quarter?

OceanFirst Financial Corp. (NASDAQ:OCFC) released its quarterly earnings data on Thursday, January, 18th. The savings and loans company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.02. The savings and loans company had revenue of $99.69 million for the quarter, compared to the consensus estimate of $97.26 million. OceanFirst Financial had a net margin of 16.21% and a trailing twelve-month return on equity of 6.65%.

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

OceanFirst Financial announced a quarterly dividend on Wednesday, January 17th. Shareholders of record on Monday, February 5th will be paid a dividend of $0.20 per share on Friday, February 16th. This represents a $0.80 annualized dividend and a yield of 5.45%. The ex-dividend date is Friday, February 2nd. 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 5.42%. OCFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 47.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OCFC will have a dividend payout ratio of 38.28% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for OCFC .

What ETFs hold OceanFirst Financial's stock?

ETFs with the largest weight of OceanFirst Financial (NASDAQ:OCFC) stock in their portfolio include First Trust Small Cap Value AlphaDEX Fund (FYT) . First Trust Small Cap Core AlphaDEX Fund (FYX) .

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) .

Who are OceanFirst Financial's major shareholders?

OceanFirst Financial's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Hennessy Advisors Inc. (0.35%) and Eagle Wealth Strategies LLC (0.11%). Insiders that own company stock include Angela K Ho, Anthony Giordano III, Christopher Maher, Jack M Farris, John F Barros, Joseph Lebel III , Joseph M Jr Murphy, Karthik Sridharan, Michael D Devlin, Michele B Estep, Nicos Katsoulis , Patricia Lynne Turner, Patrick Sean Barrett, Robert C Garrett and Steven James Tsimbinos. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:OCFC

OceanFirst Financial (OCFC) Stock Price, News & Analysis

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Free OCFC Stock Alerts

$14.69

-0.08 (-0.54%)

(As of 04/15/2024 ET)

Compare

Today's Range: $14.53
▼
$14.98
50-Day Range: $14.69
▼
$16.41
52-Week Range: $12.01
▼
$19.58

Volume: 247,417 shs
Average Volume: 262,131 shs
Market Capitalization: $874.50 million

P/E Ratio: 8.64
Dividend Yield: 5.45%
Price Target: $18.50

Get OceanFirst Financial alerts:

OceanFirst Financial MarketRank™ Stock Analysis

Analyst Rating: Hold
2.25 Rating Score
Upside/Downside: 25.9% Upside
$18.50 Price Target
Short Interest: Healthy
2.28% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.38
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 18.75%
From $1.76 to $2.09 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.28 out of 5 stars

Finance Sector

256th out of 879 stocks

National Commercial Banks Industry

41st out of 86 stocks

3.1

Analyst's Opinion

Consensus Rating
OceanFirst Financial has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
OceanFirst Financial has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.28% of the float of OceanFirst Financial has been sold short.
Short Interest Ratio / Days to Cover
OceanFirst Financial has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in OceanFirst Financial has recently increased by 5.69%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
OceanFirst Financial is a leading dividend payer. It pays a dividend yield of 5.42%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
OceanFirst Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of OceanFirst Financial is 47.06%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, OceanFirst Financial will have a dividend payout ratio of 38.28% next year. This indicates that OceanFirst Financial will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for OCFC.

1.9

News and Social Media Coverage

News Sentiment
OceanFirst Financial has a news sentiment score of 0.38. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for OceanFirst Financial this week, compared to 2 articles on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, OceanFirst Financial insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.60% of the stock of OceanFirst Financial is held by insiders.
Percentage Held by Institutions
70.98% of the stock of OceanFirst Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for OceanFirst Financial are expected to grow by 18.75% in the coming year, from $1.76 to $2.09 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of OceanFirst Financial is 8.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of OceanFirst Financial is 8.64, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 56.57.
Price to Book Value per Share Ratio
OceanFirst Financial has a P/B Ratio of 0.53. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About OceanFirst Financial Stock (NASDAQ:OCFC)

OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services to retail and commercial customers. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits, that includes brokered 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, trust and asset management services; and bank owned life insurance products. The company was founded in 1902 and is based in Red Bank, New Jersey.

OCFC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

OCFC Stock News Headlines

April 11, 2024 | americanbankingnews.com

OceanFirst Financial (OCFC) Set to Announce Earnings on Thursday

March 21, 2024 | seekingalpha.com

OceanFirst Financial: The 7.1% Fixed-To-Floating Preferred Remains Very Attractive

April 16, 2024 | InvestorPlace (Ad)

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March 19, 2024 | globenewswire.com

OceanFirst Financial Corp. Schedules Earnings Conference Call

February 28, 2024 | finance.yahoo.com

OceanFirst Financial Corp. to Present at the Raymond James & Associates’ 45th Annual Institutional Investors Conference on March 4-6, 2024

February 28, 2024 | globenewswire.com

OceanFirst Financial Corp. to Present at the Raymond James & Associates' 45th Annual Institutional Investors Conference on March 4-6, 2024

February 17, 2024 | finance.yahoo.com

OCFC Jun 2024 15.000 call

February 15, 2024 | markets.businessinsider.com

Banks With High Commercial Real Estate Loan Exposure In Regulatory Spotlight: Valley National Bancorp And 15 Others To Watch

April 16, 2024 | InvestorPlace (Ad)

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February 1, 2024 | seekingalpha.com

OCFC OceanFirst Financial Corp.

January 28, 2024 | finance.yahoo.com

There's A Lot To Like About OceanFirst Financial's (NASDAQ:OCFC) Upcoming US$0.20 Dividend

January 23, 2024 | finance.yahoo.com

OceanFirst Financial Corp. (NASDAQ:OCFC) Q4 2023 Earnings Call Transcript

January 22, 2024 | markets.businessinsider.com

Raymond James Maintains Outperform Rating for OceanFirst Financial: Here's What You Need To Know

January 20, 2024 | finance.yahoo.com

Q4 2023 OceanFirst Financial Corp Earnings Call

January 18, 2024 | benzinga.com

Recap: OceanFirst Financial Q4 Earnings

January 18, 2024 | finance.yahoo.com

OceanFirst Financial (OCFC) Q4 Earnings and Revenues Top Estimates

January 18, 2024 | finance.yahoo.com

OceanFirst (OCFC) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

January 18, 2024 | seekingalpha.com

OceanFirst Financial: Income Potential, But Key Metrics Severely Mixed

January 17, 2024 | benzinga.com

OceanFirst Financial's Earnings: A Preview

January 14, 2024 | finance.yahoo.com

Investors in OceanFirst Financial (NASDAQ:OCFC) have unfortunately lost 14% over the last five years

January 12, 2024 | finance.yahoo.com

Is OceanFirst Financial (OCFC) Stock Undervalued Right Now?

January 6, 2024 | msn.com

Raymond James Upgrades OceanFirst Financial (OCFC)

December 24, 2023 | seekingalpha.com

OCFCP OceanFirst Financial Corp. 7% DP SHS PFD A

December 4, 2023 | finance.yahoo.com

After losing 32% in the past year, OceanFirst Financial Corp. (NASDAQ:OCFC) institutional owners must be relieved by the recent gain

November 9, 2023 | morningstar.com

OceanFirst Financial Corp OCFC

October 24, 2023 | bizjournals.com

Bank CEO says Philadelphia loan demand 'down significantly' due to public safety

October 24, 2023 | msn.com

Piper Sandler Maintains OceanFirst Financial (OCFC) Neutral Recommendation

See More Headlines

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Company Calendar

Last Earnings: 1/18/2024
Ex-Dividend for 2/16 Dividend: 2/02/2024
Dividend Payable: 2/16/2024
Today: 4/16/2024
Next Earnings (Confirmed): 4/18/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: National commercial banks
Sub-Industry: Thrifts & Mortgage Finance
Current Symbol: NASDAQ:OCFC
CUSIP: 67523410
CIK: 1004702
Web: www.oceanfirst.com
Phone: (732) 240-4500
Fax: 302-655-5049
Employees: 878
Year Founded: 1902

Price Target and Rating

Average Stock Price Target: $18.50
High Stock Price Target: $22.00
Low Stock Price Target: $15.00
Potential Upside/Downside: +25.9%
Consensus Rating: Hold
Rating Score (0-4): 2.25
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.70
Trailing P/E Ratio: 8.64
Forward P/E Ratio: 8.35
P/E Growth: N/A
Net Income: $104.03 million
Net Margins: 16.21%
Pretax Margin: 21.32%
Return on Equity: 6.65%
Return on Assets: 0.80%

Debt

Debt-to-Equity Ratio: 0.64
Current Ratio: 0.98
Quick Ratio: 0.98

Sales & Book Value

Annual Sales: $641.60 million
Price / Sales: 1.36
Cash Flow: $2.14 per share
Price / Cash Flow: 6.87
Book Value: $27.97 per share
Price / Book: 0.53

Miscellaneous

Outstanding Shares: 59,530,000
Free Float: 56,794,000
Market Cap: $874.50 million
Optionable: Optionable
Beta: 1.00

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Key Executives

Mr. Christopher D. Maher (Age 57)
Chairman & CEO
Comp: $1.97M
Mr. Joseph J. Lebel III (Age 62)
President, COO & Director
Comp: $1.28M
Mr. Patrick S. Barrett (Age 60)
CFO & Executive VP
Comp: $1.03M
Mr. Steven J. Tsimbinos Esq. (Age 54)
Executive VP, General Counsel & Corporate Secretary
Comp: $645.83k
Ms. Michele B. Estep (Age 54)
EVP and Chief Administrative Officer of OceanFirst Bank, N.A.
Comp: $649.23k
Mr. Patrick Chong (Age 35)
Senior VP, Corporate Controller & Principal Accounting Officer
Ms. Angela K. Ho (Age 40)
Senior VP & Chief Compliance Officer
Mr. Anthony Giordano III (Age 58)
Executive VP & Chief of Banking Operations
Mr. Brian E. Schaeffer CISA
CISSP, Senior VP & Chief Information Security Officer
Mr. David R. Howard
First Senior VP & Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

OCFC Stock Analysis - Frequently Asked Questions

Should I buy or sell OceanFirst Financial stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" OCFC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OCFC, but not buy additional shares or sell existing shares.
View OCFC analyst ratings or view top-rated stocks.
What is OceanFirst Financial's stock price target for 2024?: 4 equities research analysts have issued 12 month price targets for OceanFirst Financial's stock. Their OCFC share price targets range from $15.00 to $22.00. On average, they predict the company's share price to reach $18.50 in the next twelve months. This suggests a possible upside of 25.9% 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 2024?: OceanFirst Financial's stock was trading at $17.36 on January 1st, 2024. Since then, OCFC shares have decreased by 15.4% and is now trading at $14.69.
View the best growth stocks for 2024 here.
When is OceanFirst Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024.
View our OCFC earnings forecast.
How can I listen to OceanFirst Financial's earnings call?: OceanFirst Financial will be holding an earnings conference call on Friday, April 19th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "203920".
How were OceanFirst Financial's earnings last quarter?: OceanFirst Financial Corp. (NASDAQ:OCFC) released its quarterly earnings data on Thursday, January, 18th. The savings and loans company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.02. The savings and loans company had revenue of $99.69 million for the quarter, compared to the consensus estimate of $97.26 million. OceanFirst Financial had a net margin of 16.21% and a trailing twelve-month return on equity of 6.65%.
How often does OceanFirst Financial pay dividends? What is the dividend yield for OceanFirst Financial?: OceanFirst Financial announced a quarterly dividend on Wednesday, January 17th. Shareholders of record on Monday, February 5th will be paid a dividend of $0.20 per share on Friday, February 16th. This represents a $0.80 annualized dividend and a yield of 5.45%. The ex-dividend date is Friday, February 2nd.
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 5.42%. OCFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 47.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OCFC will have a dividend payout ratio of 38.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OCFC.
What ETFs hold OceanFirst Financial's stock?: ETFs with the largest weight of OceanFirst Financial (NASDAQ:OCFC) stock in their portfolio include First Trust Small Cap Value AlphaDEX Fund (FYT).First Trust Small Cap Core AlphaDEX Fund (FYX).
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).
Who are OceanFirst Financial's major shareholders?: OceanFirst Financial's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Hennessy Advisors Inc. (0.35%) and Eagle Wealth Strategies LLC (0.11%). Insiders that own company stock include Angela K Ho, Anthony Giordano III, Christopher Maher, Jack M Farris, John F Barros, Joseph Lebel III, Joseph M Jr Murphy, Karthik Sridharan, Michael D Devlin, Michele B Estep, Nicos Katsoulis, Patricia Lynne Turner, Patrick Sean Barrett, Robert C Garrett and Steven James Tsimbinos.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:OCFC) was last updated on 4/16/2024 by MarketBeat.com Staff

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OceanFirst Financial (OCFC) Stock Price, News & Analysis

OceanFirst Financial MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About OceanFirst Financial Stock (NASDAQ:OCFC)

OCFC Stock Price History

OCFC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

OCFC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™