OceanFirst Financial (OCFC) Stock Price, News & Analysis

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" OCFC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OCFC, but not buy additional shares or sell existing shares.
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4 Wall Street research analysts have issued 1-year target prices for OceanFirst Financial's stock. Their OCFC share price targets range from $15.00 to $22.00. On average, they predict the company's share price to reach $18.50 in the next year. This suggests a possible upside of 21.9% from the stock's current price.
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OceanFirst Financial's stock was trading at $17.36 on January 1st, 2024. Since then, OCFC shares have decreased by 12.6% and is now trading at $15.18.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 18th 2024.
View our OCFC earnings forecast.

OceanFirst Financial Corp. (NASDAQ:OCFC) issued its quarterly earnings results on Thursday, October, 28th. The savings and loans company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.04. The savings and loans company had revenue of $87.02 million for the quarter, compared to analysts' expectations of $87.56 million. OceanFirst Financial had a net margin of 16.21% and a trailing twelve-month return on equity of 6.65%.

OceanFirst Financial announced a quarterly dividend on Wednesday, January 17th. Investors of record on Monday, February 5th will be given a dividend of $0.20 per share on Friday, February 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend is Friday, February 2nd.
Read our dividend analysis for OCFC.

OceanFirst Financial (NASDAQ:OCFC) pays an annual dividend of $0.80 per share and currently has a dividend yield of 5.53%. OCFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 47.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OCFC will have a dividend payout ratio of 38.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OCFC.

ETFs with the largest weight of OceanFirst Financial (NASDAQ:OCFC) stock in their portfolio include First Trust Small Cap Value AlphaDEX Fund (FYT).First Trust Small Cap Core AlphaDEX Fund (FYX).

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other OceanFirst Financial investors own include B&G Foods (BGS), Occidental Petroleum (OXY), Pfizer (PFE), AT&T (T), Bank of America (BAC), Walt Disney (DIS), Eastman Chemical (EMN), Enterprise Products Partners (EPD), Invesco (IVZ) and Johnson & Johnson (jnj).

OceanFirst Financial's stock is owned by many different institutional and retail investors. Top institutional shareholders include Hennessy Advisors Inc. (0.35%), Eagle Wealth Strategies LLC (0.11%) and Hennion & Walsh Asset Management Inc. (0.02%). Insiders that own company stock include Angela K Ho, Anthony Giordano III, Christopher Maher, Jack M Farris, John F Barros, Joseph Lebel III, Joseph M Jr Murphy, Karthik Sridharan, Michael D Devlin, Michele B Estep, Nicos Katsoulis, Patricia Lynne Turner, Patrick Sean Barrett, Robert C Garrett and Steven James Tsimbinos.
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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.
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