OceanFirst Financial Corp. (OCFC)
| Market Cap | 1.34B |
| Revenue (ttm) | 389.98M |
| Net Income (ttm) | 111.97M |
| Shares Out | 58.68M |
| EPS (ttm) | 1.90 |
| PE Ratio | 11.79 |
| Forward PE | 9.36 |
| Dividend | $0.74 (3.30%) |
| Ex-Dividend Date | Nov 4, 2022 |
| Volume | 215,786 |
| Open | 22.69 |
| Previous Close | 22.74 |
| Day's Range | 22.4 - 22.7 |
| 52-Week Range | 18.24 - 24.25 |
| Beta | 0.86 |
| Analysts | Buy |
| Price Target | 26.67 (+19.0%) |
| Earnings Date | Jan 25, 2023 |
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, and commercial and industrial loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; and co... [Read more]
Financial Performance
In 2021, OCFC's revenue was $369.10 million, an increase of 12.71% compared to the previous year's $327.47 million. Earnings were $110.08 million, an increase of 73.87%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for OCFC stock is "Buy." The 12-month stock price forecast is 26.67, which is an increase of 19.01% from the latest price.
News
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: ...
OceanFirst Financial (OCFC) Q3 Earnings and Revenues Surpass Estimates
OceanFirst (OCFC) delivered earnings and revenue surprises of 7.14% and 0.83%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
OceanFirst Financial Corp. Announces Third Quarter Financial Results
RED BANK, N.J., Oct. 24, 2022 (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. Declares Quarterly Cash Dividend for Series A Preferred Stock
RED BANK, N.J., Oct. 21, 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 per...
Does OceanFirst (OCFC) Have the Potential to Rally 31% as Wall Street Analysts Expect?
The consensus price target hints at a 30.6% upside potential for OceanFirst (OCFC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate...
Why OceanFirst Financial (OCFC) is a Great Dividend Stock Right Now
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does OceanFirst Financial (OCFC) have what it takes?
OceanFirst Financial Corp. Schedules Earnings Conference Call
RED BANK, N.J., Sept. 13, 2022 (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...
Why OceanFirst Financial (OCFC) is a Top Dividend Stock for Your Portfolio
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does OceanFirst Financial (OCFC) have what it takes?
OceanFirst Financial (OCFC) is a Top Dividend Stock Right Now: Should You Buy?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does OceanFirst Financial (OCFC) have what it takes?
Does OceanFirst (OCFC) Have the Potential to Rally 28% as Wall Street Analysts Expect?
The mean of analysts' price targets for OceanFirst (OCFC) points to a 28.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analyst...
Best Income Stocks to Buy for August 16th
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SOHO, DGII, and OCFC made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 16, 2022.
This is Why OceanFirst Financial (OCFC) is a Great Dividend Stock
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does OceanFirst Financial (OCFC) have what it takes?
How Much Upside is Left in OceanFirst (OCFC)? Wall Street Analysts Think 29%
The consensus price target hints at a 29.3% upside potential for OceanFirst (OCFC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate...
OceanFirst Financial (OCFC) Q2 Earnings Top Estimates
OceanFirst (OCFC) delivered earnings and revenue surprises of 9.26% and 0.16%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
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 t...
What Makes OceanFirst (OCFC) a New Strong Buy Stock
OceanFirst (OCFC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Can OceanFirst (OCFC) Climb 36% to Reach the Level Wall Street Analysts Expect?
The mean of analysts' price targets for OceanFirst (OCFC) points to a 35.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analyst...
How Much Upside is Left in OceanFirst (OCFC)? Wall Street Analysts Think 32%
The average of price targets set by Wall Street analysts indicates a potential upside of 32.2% in OceanFirst (OCFC). While the effectiveness of this highly sought-after metric is questionable, the posit...
How Much Upside is Left in OceanFirst (OCFC)? Wall Street Analysts Think 37%
The consensus price target hints at a 37.4% upside potential for OceanFirst (OCFC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate...
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 p...
Wall Street Analysts Believe OceanFirst (OCFC) Could Rally 37%: Here's is How to Trade
The consensus price target hints at a 36.5% upside potential for OceanFirst (OCFC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate...
OceanFirst Financial Corp. Announces First Quarter Financial Results
RED BANK, N.J., April 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 ...
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 p...
3 Buy-Rated Stocks From the Prospering Savings & Loan Industry
The Zacks Savings and Loan industry players like PFS, HMST and OCFC should enjoy upside momentum with economic recovery, interest rate hike and consolidation efforts.