OceanFirst Financial Corp. (OCFC)

NASDAQ: OCFC · IEX Real-Time Price · USD
22.41
-0.33 (-1.45%)
Dec 7, 2022 4:00 PM EST - Market closed
-1.45%
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]

Industry Thrifts & Mortgage Finance
IPO Date Jul 3, 1996
CEO Christopher D. Maher
Employees 894
Stock Exchange NASDAQ
Ticker Symbol OCFC
Full Company Profile

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 Statements

Analyst 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.

Price Target
$26.67
(19.01% upside)
Analyst Consensus: Buy
Stock Forecasts

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: ...

4 weeks ago - GlobeNewsWire

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?

1 month ago - Zacks Investment Research

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...

1 month ago - GlobeNewsWire

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...

1 month ago - GlobeNewsWire

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...

1 month ago - Zacks Investment Research

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?

2 months ago - Zacks Investment Research

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...

2 months ago - GlobeNewsWire

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?

2 months ago - Zacks Investment Research

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?

3 months ago - Zacks Investment Research

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...

3 months ago - Zacks Investment Research

Best Income Stocks to Buy for August 16th

NKSH, OCFC, and RELX made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 16, 2022.

Other symbols: NKSHRELX
3 months ago - Zacks Investment Research

Best Momentum Stocks to Buy for August 16th

SOHO, DGII, and OCFC made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 16, 2022.

Other symbols: DGIISOHO
3 months ago - Zacks Investment Research

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?

3 months ago - Zacks Investment Research

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...

4 months ago - Zacks Investment Research

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?

4 months ago - Zacks Investment Research

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...

4 months ago - GlobeNewsWire

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.

4 months ago - Zacks Investment Research

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...

4 months ago - Zacks Investment Research

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...

5 months ago - Zacks Investment Research

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...

6 months ago - Zacks Investment Research

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...

6 months ago - GlobeNewsWire

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...

7 months ago - Zacks Investment Research

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 ...

7 months 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 p...

7 months ago - GlobeNewsWire

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.

Other symbols: HMSTPFS
7 months ago - Zacks Investment Research