OceanFirst Financial Corp. (OCFC)

NASDAQ: OCFC · IEX Real-Time Price · USD
15.32
+0.24 (1.59%)
Feb 27, 2024, 12:04 PM EST - Market open
1.59%
Market Cap 889.02M
Revenue (ttm) 385.68M
Net Income (ttm) 100.01M
Shares Out 59.45M
EPS (ttm) 1.70
PE Ratio 9.04
Forward PE 8.49
Dividend $0.80 (5.22%)
Ex-Dividend Date Feb 2, 2024
Volume 104,835
Open 15.26
Previous Close 15.08
Day's Range 15.17 - 15.53
52-Week Range 12.01 - 24.21
Beta 1.03
Analysts Hold
Price Target 19.60 (+27.94%)
Earnings Date Apr 18, 2024

About OCFC

OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. The company also offers commercial real estate, multi-family, land loans, construction, fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; and consumer loans, such as home equity loa... [Read more]

Sector Financials
IPO Date Jul 3, 1996
Employees 915
Stock Exchange NASDAQ
Ticker Symbol OCFC
Full Company Profile

Financial Performance

In 2023, OCFC'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 Statements

Analyst Forecast

According to 5 analysts, the average rating for OCFC stock is "Hold." The 12-month stock price forecast is $19.6, which is an increase of 27.94% from the latest price.

Price Target
$19.6
(27.94% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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.

11 days ago - CNBC Television

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 ...

5 weeks ago - GlobeNewsWire

OceanFirst Financial Corp. Schedules Earnings Conference Call

RED BANK, N.J., Jan. 05, 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 qua...

7 weeks ago - GlobeNewsWire

OceanFirst Financial Corp. Announces Third Quarter Financial Results

RED BANK, N.J., Oct. 19, 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...

4 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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.

5 months ago - GlobeNewsWire

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...

6 months ago - CNBC Television

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...

7 months ago - GlobeNewsWire

Better valuations are ahead for bank stocks following stress test results: Christopher Marinac

Christopher Marinac, Janney Montgomery Scott director of research, joins 'Fast Money' to discuss the results of the Federal Reserve's banking stress test and what that means for bank stocks moving for...

Other symbols: ABCBBACBKCCFGCOFFITB
8 months ago - CNBC Television

OceanFirst Financial Corp. Announces First Quarter Financial Results

RED BANK, N.J., April 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 t...

11 months ago - GlobeNewsWire

OceanFirst Financial Corp. Declares Quarterly Cash Dividend for Series A Preferred Stock

RED BANK, N.J., April 18, 2023 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), announced that its Board of Directors has declared a quarterly cash dividend of $0.4375 ...

11 months ago - GlobeNewsWire

OceanFirst Bank Announces Appointment of Stephen Adamo, President of Residential and Consumer Lending

RED BANK, N.J., March 20, 2023 (GLOBE NEWSWIRE) -- OceanFirst Bank (“OceanFirst”), the wholly owned subsidiary of OceanFirst Financial Corp. (NASDAQ:OCFC), announces the appointment of Stephen Adamo a...

1 year ago - GlobeNewsWire

Regional bank OceanFirst Financial feeling 'virtually no stress at all,' says CEO Chris Maher

Chris Maher, OceanFirst Financial chairman and CEO, joins CNBC's "Squawk on the Street" to discuss the collapse of Silicon Valley Bank and how it's affecting regional banks like OceanFirst.

1 year ago - CNBC Television

OceanFirst Financial Corp. Announces Record Quarterly and Annual Earnings and Financial Results

RED BANK, N.J., Jan. 19, 2023 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), announced net income available ...

1 year ago - GlobeNewsWire

OceanFirst Financial Corp. and Partners Bancorp Announce Mutual Termination of Merger Agreement

RED BANK, N.J. and SALISBURY, Md., Nov. 09, 2022 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC) (“OceanFirst”), the holding company for OceanFirst Bank N.A., and Partners Bancorp (NASDAQ...

1 year ago - GlobeNewsWire

OceanFirst Financial Corp. Announces Second Quarter Financial Results

RED BANK, N.J., July 28, 2022 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), announced net income available...

1 year ago - GlobeNewsWire

OceanFirst Bank Publishes First ESG Report

RED BANK, N.J., May 24, 2022 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), today announced that the Bank has...

1 year ago - GlobeNewsWire

OceanFirst Financial Corp. Declares Quarterly Cash Dividend For Series A Preferred Stock

RED BANK, N. J., April 19, 2022 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), announced that its Board of Directors has declared a quarterly cash dividend of $0.4375...

2 years ago - GlobeNewsWire

OceanFirst Financial Corp. Announces Retirement of Michael J. Fitzpatrick, Chief Financial Officer, and Selection of Patrick S.

RED BANK, N.J., March 17, 2022 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), today, announced that Michael J...

2 years ago - GlobeNewsWire

TURK & COMPANY ANNOUNCES ACQUISITION OF TRIDENT ABSTRACT TITLE AGENCY, LLC BY OCEANFIRST FINANCIAL CORP.

DENVER, Feb. 4, 2022 /PRNewswire/ -- Turk and Company, announced today that its client OceanFirst Financial Corp. (NASDAQ:"OCFC"), the holding company for OceanFirst Bank N.A. has signed an agreement ...

2 years ago - PRNewsWire

OceanFirst Financial Corp. Announces Acquisition of Trident Abstract Title Agency, LLC

RED BANK, N.J., Feb. 03, 2022 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:”OCFC”), (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), today, announced the Company h...

2 years ago - GlobeNewsWire

First Bank Completes Acquisition of Two Former OceanFirst Branch Locations Strengthening its Central New Jersey Presence

Acquisition includes approximately $101 million in deposits and $11 million of loans Acquisition includes approximately $101 million in deposits and $11 million of loans

Other symbols: FRBA
2 years ago - GlobeNewsWire

SHAREHOLDER ALERT: WeissLaw LLP Investigates Partners Bancorp

NEW YORK, Nov. 4, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Partners Bancorp ("Partners" or the "C...

2 years ago - PRNewsWire

OceanFirst Financial Corp. and Partners Bancorp Announce Merger Agreement

Accelerates OceanFirst's Strategic Expansion into Attractive Baltimore / Washington D.C. Region and Adds High-Growth, Commercial-Oriented Franchise with Stable Deposit Base Accelerates OceanFirst's St...

2 years ago - GlobeNewsWire

The labor shortage is acute, says OceanFirst Financial CEO

Chris Maher OceanFirst Financial chairman & CEO, joins Fast Money to discuss the end of pandemic benefits over the Labor Day weekend, jobs and the labor shortage, and the impact there could be on the ...

2 years ago - CNBC Television