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OceanFirst Financial Corp. (OCFC)

NASDAQ: OCFC · IEX Real-Time Price · USD
20.94 -0.34 (-1.60%)
Dec 3, 2021 4:00 PM EST - Market closed
Market Cap1.24B
Revenue (ttm)391.93M
Net Income (ttm)116.47M
Shares Out59.42M
EPS (ttm)1.94
PE Ratio10.79
Forward PE10.08
Dividend$1.56 (7.43%)
Ex-Dividend DateNov 5, 2021
Volume166,035
Open21.33
Previous Close21.28
Day's Range20.83 - 21.62
52-Week Range16.50 - 25.76
Beta0.95
AnalystsBuy
Price Target27.00 (+28.9%)
Earnings DateOct 28, 2021

About OCFC

OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services. The company accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. It 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; consum...

IndustryThrifts & Mortgage Finance
IPO DateJul 3, 1996
Employees949
Stock ExchangeNASDAQ
Ticker SymbolOCFC
Full Company Profile

Financial Performance

In 2020, OCFC's revenue was $327.47 million, an increase of 10.45% compared to the previous year's $296.50 million. Earnings were $63.31 million, a decrease of -28.52%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for OCFC stock is "Buy." The 12-month stock price forecast is 27.00, which is an increase of 28.94% from the latest price.

Price Target
$27.00
(28.94% upside)
Analyst Consensus: Buy

News

OceanFirst (OCFC) Signs $186M Merger Deal With Partners Bancorp

OceanFirst (OCFC) signs a merger deal with Partners Bancorp for $186 million, wherein the latter will merge into the former.

Other symbols:PTRS
3 weeks ago - Zacks Investment Research

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 "Com...

Other symbols:PTRS
4 weeks 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 Stra...

1 month ago - GlobeNewsWire

OceanFirst Financial (OCFC) Beats Q3 Earnings Estimates

OceanFirst (OCFC) delivered earnings and revenue surprises of 9.76% and -0.63%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

OceanFirst Financial Corp. Announces Third Quarter Financial Results

RED BANK, N.J., Oct. 28, 2021 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), announced net income available t...

1 month ago - GlobeNewsWire

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

RED BANK, N.J., Oct. 19, 2021 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), announced that its Board of Directors has declared a quarterly cash dividend of $0.4375 per...

1 month ago - GlobeNewsWire

OceanFirst Financial Corp. Schedules Earnings Conference Call

RED BANK, N.J., Sept. 29, 2021 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, today announced that it will issue its earnings release for the quar...

2 months 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 U....

3 months ago - CNBC Television

First Bank and OceanFirst Bank Announce Definitive Agreement for First Bank to Acquire Two Branch Locations in Centra...

Transaction to include approximately $124 million in deposits and $14 million of loans, based on June 30, 2021 balances Transaction to include approximately $124 million in deposits and $14 million of l...

Other symbols:FRBA
3 months ago - GlobeNewsWire

OceanFirst Financial (OCFC) Surpasses Q2 Earnings Estimates

OceanFirst (OCFC) delivered earnings and revenue surprises of 13.95% and -1.56%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

OceanFirst Financial Corp. Announces Second Quarter Financial Results

RED BANK, New Jersey, July 29, 2021 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), today announced net income...

4 months ago - GlobeNewsWire

OceanFirst Bank N.A. Continues Regional Expansion With Appointments of Daniel Griggs and Tom Crawford

RED BANK, N.J., July 26, 2021 (GLOBE NEWSWIRE) -- OceanFirst Bank N.A. (“OceanFirst”), the wholly owned subsidiary of OceanFirst Financial Corp. (NASDAQ:OCFC), announces the addition of two experienced ...

4 months ago - GlobeNewsWire

OceanFirst Financial (OCFC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

OceanFirst (OCFC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

4 months ago - Zacks Investment Research

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

RED BANK, N.J., July 20, 2021 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), announced that its Board of Directors has declared a quarterly cash dividend of $0.4375 per...

4 months ago - GlobeNewsWire

OceanFirst Financial Corp. Schedules Earnings Conference Call

RED BANK, N.J., June 30, 2021 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, today announced that it will issue its earnings release for the quart...

5 months ago - GlobeNewsWire

OceanFirst Financial Corp. Announces 2021 Stock Repurchase Program

RED BANK, N.J., June 25, 2021 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), today announced the authorizatio...

5 months ago - GlobeNewsWire

OceanFirst Financial (OCFC) Q1 Earnings and Revenues Top Estimates

OceanFirst (OCFC) delivered earnings and revenue surprises of 10.00% and 7.93%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

7 months ago - Zacks Investment Research

OceanFirst Financial Corp. Announces First Quarter Financial Results

RED BANK, New Jersey, April 29, 2021 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), today announced that net ...

7 months ago - GlobeNewsWire

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fi...

New York, New York--(Newsfile Corp. - April 26, 2021) - Levi & Korsinsky announces it has commenced an investigation of OceanFirst Financial Corp. (NASDAQ: OCFC) concerning possible breaches of fiduciar...

7 months ago - Newsfile Corp

Analysts Estimate OceanFirst Financial (OCFC) to Report a Decline in Earnings: What to Look Out for

OceanFirst (OCFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

7 months ago - Zacks Investment Research

Can Value Investors Pick OceanFirst Financial (OCFC) Stock?

Is OceanFirst Financial Corp (OCFC) a great pick from the value investor's perspective right now? Read on to know more.

7 months ago - Zacks Investment Research

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

RED BANK, N.J., April 20, 2021 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), announced that its Board of Directors has declared a quarterly cash dividend of $0.4375 pe...

7 months ago - GlobeNewsWire

Top Stocks To Buy Today As Blowout Retail Sales Send Markets Higher

Unexpected retail sales and a strong start to earnings seasons positively impacted stocks. Q.ai's deep learning algorithms have dug up the best opportunities today with top buys in this market.

Other symbols:LAZYNKSHPCBTCFC
7 months ago - Forbes

Top Stocks To Buy Today At The Start Of Earnings Season

Earnings season kicked off with a bang with bank stocks once again shattering estimates. Make the most of this market with Q.ai's top stocks to buy today.

Other symbols:GABCINGRSFBSVEC
7 months ago - Forbes

OceanFirst Financial Corp. Schedules Earnings Conference Call

RED BANK, New Jersey, March 29, 2021 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, today announced that it will issue its earnings release for th...

8 months ago - GlobeNewsWire