OceanFirst Financial (OCFC) Stock Price, News & Analysis

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for OceanFirst Financial in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 equities research analysts have issued 12 month 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 twelve months. This suggests a possible upside of 27.9% from the stock's current price.
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OceanFirst Financial's stock was trading at $17.36 at the beginning of the year. Since then, OCFC shares have decreased by 16.6% and is now trading at $14.47.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024.
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OceanFirst Financial will be holding an earnings conference call on Friday, April 19th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "203920".

OceanFirst Financial Corp. (NASDAQ:OCFC) announced its earnings results on Thursday, January, 18th. The savings and loans company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.43 by $0.02. The savings and loans company had revenue of $99.69 million for the quarter, compared to analyst estimates of $97.26 million. OceanFirst Financial had a trailing twelve-month return on equity of 6.65% and a net margin of 16.21%.

OceanFirst Financial declared a quarterly dividend on Wednesday, January 17th. Shareholders of record on Monday, February 5th will be paid a dividend of $0.20 per share on Friday, February 16th. This represents a $0.80 dividend on an annualized basis and a yield of 5.53%. 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 5.45%. 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 a variety of institutional and retail investors. Top institutional investors 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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