OceanFirst Financial Corp. (OCFC)
| Market Cap | 1.24B |
| Revenue (ttm) | 391.93M |
| Net Income (ttm) | 116.47M |
| Shares Out | 59.42M |
| EPS (ttm) | 1.94 |
| PE Ratio | 10.79 |
| Forward PE | 10.08 |
| Dividend | $1.56 (7.43%) |
| Ex-Dividend Date | Nov 5, 2021 |
| Volume | 166,035 |
| Open | 21.33 |
| Previous Close | 21.28 |
| Day's Range | 20.83 - 21.62 |
| 52-Week Range | 16.50 - 25.76 |
| Beta | 0.95 |
| Analysts | Buy |
| Price Target | 27.00 (+28.9%) |
| Earnings Date | Oct 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...
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 StatementsAnalyst 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.
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.
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...
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...
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?
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...
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...
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...
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....
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...
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?
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...
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 ...
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.
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...
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...
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...
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?
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 ...
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...
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.
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.
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...
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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...