NASDAQ:OCFC OceanFirst Financial (OCFC) Stock Price, News & Analysis $17.09 -0.17 (-0.98%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$16.85▼$17.4150-Day Range$15.35▼$18.6952-Week Range$12.01▼$18.96Volume301,259 shsAverage Volume311,502 shsMarket Capitalization$1.00 billionP/E Ratio9.99Dividend Yield4.68%Price Target$18.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get OceanFirst Financial alerts: Email Address OceanFirst Financial MarketRank™ Stock AnalysisAnalyst RatingHold2.20 Rating ScoreUpside/Downside5.3% Upside$18.00 Price TargetShort InterestHealthy1.02% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.00Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth8.86%From $1.58 to $1.72 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.58 out of 5 starsFinance Sector474th out of 871 stocksNational Commercial Banks Industry50th out of 86 stocks 1.1 Analyst's Opinion Consensus RatingOceanFirst Financial has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.Amount of Analyst CoverageOceanFirst Financial has received no research coverage in the past 90 days.Read more about OceanFirst Financial's stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.02% of the float of OceanFirst Financial has been sold short.Short Interest Ratio / Days to CoverOceanFirst Financial has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in OceanFirst Financial has recently decreased by 20.80%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipOceanFirst Financial is a leading dividend payer. It pays a dividend yield of 4.55%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthOceanFirst Financial does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of OceanFirst Financial is 46.78%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, OceanFirst Financial will have a dividend payout ratio of 46.51% next year. This indicates that OceanFirst Financial will be able to sustain or increase its dividend.Read more about OceanFirst Financial's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for OCFC. Previous Next 0.0 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 2 news articles for OceanFirst Financial this week, compared to 2 articles on an average week. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, OceanFirst Financial insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 5.00% of the stock of OceanFirst Financial is held by insiders.Percentage Held by Institutions70.98% of the stock of OceanFirst Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about OceanFirst Financial's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for OceanFirst Financial are expected to grow by 8.86% in the coming year, from $1.58 to $1.72 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of OceanFirst Financial is 9.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.44.Price to Earnings Ratio vs. SectorThe P/E ratio of OceanFirst Financial is 9.99, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 31.91.Price to Book Value per Share RatioOceanFirst Financial has a P/B Ratio of 0.60. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about OceanFirst Financial's valuation and earnings. 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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 consumer loans, such as home equity loans and lines of credit, student loans, overdraft line of credit, loans on savings accounts, and other consumer loans. In addition, it invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments. Further, the company offers bankcard, trust and asset management services; and bank owned life insurance products. The company was founded in 1902 and is based in Red Bank, New Jersey.Read More OCFC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OCFC Stock News HeadlinesSeptember 6 at 2:35 AM | americanbankingnews.comOceanFirst Financial (NASDAQ:OCFC) Stock Passes Above 200 Day Moving Average of $15.77August 30, 2024 | finance.yahoo.com3 Top US Dividend Stocks To ConsiderSeptember 7, 2024 | WealthPress (Ad)EXPOSED: Hotspot Dates for popular stocks Did you know almost every stock in the market has multiple “Hotspot Dates”? They indicate when the stock has gone up on the same dates… at the same time… FOR DECADES For example, have you ever traded a stock called Constellation Energy (ticker: CEG)? Maybe not… Energy stocks haven’t received much love over the past 12 months. But anybody who knew about the “Hotspot Date” during the last week in January…August 24, 2024 | theglobeandmail.comToo many players on the ice, as hockey companies CCM, Bauer and True are all in playAugust 7, 2024 | bizjournals.com'It’s future positioning:' OceanFirst acquires Cherry Hill mortgage firm, preps for rate cutsJuly 30, 2024 | msn.comOceanFirst Financial Corp. 7% DP SHS PFD A goes ex dividend tomorrowJuly 23, 2024 | finance.yahoo.comOceanFirst Financial (NASDAQ:OCFC) Is Due To Pay A Dividend Of $0.20July 22, 2024 | msn.comOceanFirst Financial Corp. (NASDAQ:OCFC) Q2 2024 Earnings Call TranscriptSeptember 7, 2024 | WealthPress (Ad)EXPOSED: Hotspot Dates for popular stocks Did you know almost every stock in the market has multiple “Hotspot Dates”? They indicate when the stock has gone up on the same dates… at the same time… FOR DECADES For example, have you ever traded a stock called Constellation Energy (ticker: CEG)? Maybe not… Energy stocks haven’t received much love over the past 12 months. But anybody who knew about the “Hotspot Date” during the last week in January…July 21, 2024 | gurufocus.comQ2 2024 OceanFirst Financial Corp Earnings Call TranscriptJuly 20, 2024 | sg.finance.yahoo.comOceanFirst Financial Second Quarter 2024 Earnings: Misses ExpectationsJuly 19, 2024 | marketwatch.comOceanFirst Financial Shares Drop 16% After Earnings MissJuly 19, 2024 | markets.businessinsider.comOceanfirst Financial (OCFC) Gets a Hold from KBWJuly 18, 2024 | investorplace.comOCFC Stock Earnings: OceanFirst Financial Misses EPS, Misses Revenue for Q2 2024July 18, 2024 | gurufocus.comOceanFirst Financial Corp Q2 2024 Earnings: EPS Misses Estimates, Revenue Falls ShortJuly 18, 2024 | globenewswire.comOceanFirst Financial Corp. Announces Second Quarter Financial ResultsJuly 2, 2024 | seekingalpha.comOceanFirst Financial At Risk Of Treading Water Without Competitive DifferentiationJune 24, 2024 | globenewswire.comOceanFirst Financial Corp. Schedules Earnings Conference CallSee More Headlines Receive OCFC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for OceanFirst Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings7/18/2024Ex-Dividend for 8/16 Dividend8/05/2024Dividend Payable8/16/2024Today9/07/2024Next Earnings (Estimated)10/17/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry National commercial banks Sub-IndustryThrifts & Mortgage Finance Current SymbolNASDAQ:OCFC CUSIP67523410 CIK1004702 Webwww.oceanfirst.com Phone(732) 240-4500Fax302-655-5049Employees878Year Founded1902Price Target and Rating Average Stock Price Target$18.00 High Stock Price Target$20.00 Low Stock Price Target$15.00 Potential Upside/Downside+5.3%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$1.71 Trailing P/E Ratio9.99 Forward P/E Ratio10.82 P/E GrowthN/ANet Income$104.03 million Net Margins14.78% Pretax Margin19.55% Return on Equity5.85% Return on Assets0.72% Debt Debt-to-Equity Ratio0.74 Current Ratio1.01 Quick Ratio1.01 Sales & Book Value Annual Sales$388.93 million Price / Sales2.58 Cash Flow$2.06 per share Price / Cash Flow8.31 Book Value$28.67 per share Price / Book0.60Miscellaneous Outstanding Shares58,713,000Free Float55,777,000Market Cap$1.00 billion OptionableOptionable Beta1.01 Social Links 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. Christopher D. Maher (Age 57)Chairman & CEO Comp: $1.84MMr. Joseph J. Lebel III (Age 62)President, COO & Director Comp: $1.09MMr. Patrick S. Barrett (Age 60)CFO & Executive VP Comp: $800.45kMr. Steven J. Tsimbinos Esq. (Age 54)Executive VP, General Counsel & Corporate Secretary Comp: $582.23kMs. Michele B. Estep (Age 54)EVP and Chief Administrative Officer of OceanFirst Bank, N.A. Comp: $586.18kMr. Patrick Chong (Age 35)Senior VP, Corporate Controller & Principal Accounting Officer Ms. Angela K. Ho (Age 40)Senior VP & Chief Compliance Officer Mr. Anthony Giordano III (Age 58)Executive VP & Chief of Banking Operations Mr. Brian E. Schaeffer CISACISSP, Senior VP & Chief Information Security OfficerMr. David L. Berninger (Age 56)Executive VP & CRO More ExecutivesKey CompetitorsPremier FinancialNASDAQ:PFCPathward FinancialNASDAQ:CASHColumbia FinancialNASDAQ:CLBKFlagstar BancorpNYSE:FBCTFS FinancialNASDAQ:TFSLView All CompetitorsInsiders & InstitutionsPoint72 Asset Management L.P.Bought 5,755 shares on 8/19/2024Ownership: 0.028%Systematic Financial Management LPSold 27,811 shares on 8/16/2024Ownership: 1.410%Algert Global LLCBought 5,388 shares on 8/16/2024Ownership: 0.082%Creative PlanningBought 28,874 shares on 8/16/2024Ownership: 0.068%Point72 Asia Singapore Pte. Ltd.Sold 2,585 shares on 8/15/2024Ownership: 0.003%View All Insider TransactionsView All Institutional Transactions OCFC Stock Analysis - Frequently Asked Questions How have OCFC shares performed this year? OceanFirst Financial's stock was trading at $17.36 at the beginning of 2024. Since then, OCFC stock has decreased by 1.6% and is now trading at $17.09. View the best growth stocks for 2024 here. How were OceanFirst Financial's earnings last quarter? OceanFirst Financial Corp. (NASDAQ:OCFC) issued its earnings results on Thursday, July, 18th. The savings and loans company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by $0.03. The savings and loans company had revenue of $170.41 million for the quarter, compared to analyst estimates of $94.93 million. OceanFirst Financial had a trailing twelve-month return on equity of 5.85% and a net margin of 14.78%. What is Christopher D. Maher's approval rating as OceanFirst Financial's CEO? 21 employees have rated OceanFirst Financial Chief Executive Officer Christopher D. Maher on Glassdoor.com. Christopher D. Maher has an approval rating of 97% among the company's employees. This puts Christopher D. Maher in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. Who are OceanFirst Financial's major shareholders? OceanFirst Financial's top institutional investors include Dimensional Fund Advisors LP (5.42%), American Century Companies Inc. (1.63%), Systematic Financial Management LP (1.41%) and AQR Capital Management LLC (1.37%). Insiders that own company stock include Joseph M Jr Murphy, Michael D Devlin, Brian Schaeffer, Anthony Giordano III, Jack M Farris, Patricia Lynne Turner, Joseph Lebel III, Steven James Tsimbinos, Patrick Sean Barrett, Christopher Maher, John F Barros, Robert C Garrett, Michele B Estep, Karthik Sridharan, Angela K Ho and Nicos Katsoulis. View institutional ownership trends. How do I buy shares of OceanFirst Financial? Shares of OCFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of OceanFirst Financial own? Based on aggregate information from My MarketBeat watchlists, some other companies that OceanFirst Financial investors own include B&G Foods (BGS), Occidental Petroleum (OXY), Pfizer (PFE), AT&T (T), Bank of America (BAC), Walt Disney (DIS) and Eastman Chemical (EMN). This page (NASDAQ:OCFC) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | SponsoredThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. 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