OceanFirst Financial Corp. (OCFC)
| Market Cap | 1.04B |
| Revenue (ttm) | 380.97M |
| Net Income (ttm) | 101.82M |
| Shares Out | 58.46M |
| EPS (ttm) | 1.74 |
| PE Ratio | 10.25 |
| Forward PE | 11.75 |
| Dividend | $0.80 (4.48%) |
| Ex-Dividend Date | Nov 4, 2024 |
| Volume | 210,210 |
| Open | 17.62 |
| Previous Close | 17.68 |
| Day's Range | 17.46 - 17.91 |
| 52-Week Range | 14.03 - 21.87 |
| Beta | 1.02 |
| Analysts | Hold |
| Price Target | 21.00 (+17.71%) |
| Earnings Date | Jan 16, 2025 |
About 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 lo... [Read more]
Financial Performance
In 2023, OceanFirst Financial's revenue was $385.68 million, a decrease of -10.06% compared to the previous year's $428.80 million. Earnings were $100.01 million, a decrease of -29.86%.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for OCFC stock is "Hold." The 12-month stock price forecast is $21.0, which is an increase of 17.71% from the latest price.
News
OceanFirst Financial Corp. and OceanFirst Bank N.A. Receive Moody's Investment Grade Ratings
OceanFirst Bank N.A. receives Deposit Ratings of A3/Prime-2 and OceanFirst Financial Corp. receives an Issuer Rating of Baa3 OceanFirst Bank N.A. receives Deposit Ratings of A3/Prime-2 and OceanFirst ...
OceanFirst Financial Corp. (OCFC) Q3 2024 Earnings Call Transcript
OceanFirst Financial Corp. (NASDAQ:OCFC) Q3 2024 Earnings Conference Call October 18, 2024 11:00 AM ET Company Participants Alfred Goon - Senior Vice President, Corporate Development and Investor Rel...
OceanFirst Financial: Another Regional Bank At Highs, Mixed Operational Performance
OceanFirst Financial Corp.'s attractive 5% dividend yield is tempting, but concerns about its commercial real estate loan portfolio make it risky. Q3 earnings were mixed: deposits and loans dipped, bu...
OceanFirst Financial Corp. Announces Third Quarter Financial Results
RED BANK, N.J., Oct. 17, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), announced net income available to...
OceanFirst Bank Secures $50,000 in Small Business Recovery Grants from Federal Home Loan Bank to Benefit Ten Local Nonprofit Organizations
RED BANK, N.J., Oct. 07, 2024 (GLOBE NEWSWIRE) -- OceanFirst Bank N.A. (the “Bank” or “OceanFirst”), a subsidiary of OceanFirst Financial Corp. (NASDAQ:OCFC), has helped ten nonprofit organizations in...
CommUNITYFirst Day 2024, Held on September 24th, Benefits Thousands
700+ OceanFirst Bank Employees Volunteer 3,000 Hours at Nonprofit Organizations in Four States 700+ OceanFirst Bank Employees Volunteer 3,000 Hours at Nonprofit Organizations in Four States
OceanFirst Financial Corp. Schedules Earnings Conference Call
RED BANK, N.J., Sept. 23, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, today announced that it will issue its earnings release for the qu...
OceanFirst Bank Announces Voluntary Settlement of Fair Lending Claims by the U.S. Department of Justice and U.S. Department of Housing and Urban Development
Agrees to Commit $14 Million in Residential Lending Subsidy Programs in New Brunswick Area Agrees to Commit $14 Million in Residential Lending Subsidy Programs in New Brunswick Area
OceanFirst Financial: 7% Yield Still Attractive Despite Call Risk
OceanFirst Financial's preferred shares are safer due to a higher CET1 ratio and substantial common equity, despite weak earnings and decreasing net interest income. Preferred dividends are well-cover...
OceanFirst Financial Corp. (OCFC) Q2 2024 Earnings Call Transcript
OceanFirst Financial Corp. (NASDAQ:OCFC) Q2 2024 Earnings Conference Call July 19, 2024 11:00 AM ET Company Participants Alfred Goon - IR Christopher Maher - Chairman and CEO Joe Lebel - President Pa...
OceanFirst Financial Corp. Announces Second Quarter Financial Results
RED BANK, N.J., July 18, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), announced net income available to...
OceanFirst Financial Corp. (OCFC) Q1 2024 Earnings Call Transcript
OceanFirst Financial Corp. (NASDAQ:OCFC) Q1 2024 Earnings Conference Call April 19, 2024 11:00 AM ET Company Participants Alfred Goon - Senior Vice President, Corporate Development and Investor Relat...
OceanFirst Financial Corp. Announces First Quarter Financial Results
RED BANK, N.J., April 18, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:O CFC) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), announced net income available ...
OceanFirst Financial: The 7.1% Fixed-To-Floating Preferred Remains Very Attractive
OceanFirst Financial is a regional bank headquartered in New Jersey with a strong focus on three states. The bank's preferred shares have well-covered dividends and are expected to continue increasing...
OceanFirst Financial Corp. to Present at the Raymond James & Associates' 45th Annual Institutional Investors Conference on March 4-6, 2024
RED BANK, N.J., Feb. 28, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), announced today that Management will present and meet with investors during the Raymond James & Associates' ...
OceanFirst CEO on regional banking and commercial real estate risks
Christopher Maher, OceanFirst Financial CEO, Chairman, and President, discusses the impact of inflation and higher rates on the regional banking sector.
OceanFirst Financial Corp. (OCFC) Q4 2023 Earnings Call Transcript
OceanFirst Financial Corp. (OCFC) Q4 2023 Earnings Call Transcript
OceanFirst Financial Corp. Announces Quarterly and Annual Earnings and Financial Results
RED BANK, N.J., Jan. 18, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), announced net income available ...
OceanFirst Financial Corp. (OCFC) Q3 2023 Earnings Call Transcript
OceanFirst Financial Corp. (OCFC) Q3 2023 Earnings Call Transcript
OceanFirst Financial Corp. Schedules Earnings Conference Call
RED BANK, N.J., Sept. 22, 2023 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, today announced that it will issue its earnings release for the qu...
OceanFirst Financial Corp. Enhances Board and Announces Chief Risk Officer Transition
RED BANK, N.J., Sept. 19, 2023 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), today announced the appointment of three members to its Board of Directors.
The credit outlook has gotten a lot better, says OceanFirst Financial CEO
Chris Maher, OceanFirst Financial chairman and CEO, joins 'Squawk on the Street' to discuss how much of the regional bank selloffs have to do with the current rate environment, OceanFirst's positionin...
OceanFirst Financial: A 10.5% Yield To Call On The Preferred Shares
OceanFirst Financial's Q2 results showed stable performance, with a slight decrease in net interest income and higher non-interest expenses. The bank's loan portfolio is robust, with a low amount of p...
OceanFirst Financial Corp. (OCFC) Q2 2023 Earnings Call Transcript
OceanFirst Financial Corp. (NASDAQ:OCFC) Q2 2023 Earnings Conference Call July 21, 2023 11:00 AM ET Company Participants Alfred Goon - Corporate Development and IR Christopher Maher - Chairman and CE...
Oceanfirst Financial Corp. Announces Second Quarter Financial Results
RED BANK, N.J., July 20, 2023 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), announced net income available to...