OceanFirst Financial/OCFC

$15.49

3.4%
-
1D1W1MYTD1YMAX

About OceanFirst Financial

OceanFirst Financial Corp. is a holding company for OceanFirst Bank N.A. (the Bank). The Bank is a full-service regional bank delivering financial products and services, which include commercial and consumer financing, deposit services, and wealth management products and services, throughout New Jersey and the metropolitan markets of Philadelphia, New York, Baltimore, and others. The Bank's commercial loans include multi-family and commercial real estate loans, commercial construction loans, and commercial and industrial loans. The Bank’s primary sources of funds are deposits, principal and interest payments on loans and investments, and other borrowings. It also generates non-interest income such as income from bankcard services, trust and asset management products and services, deposit account services, and others. It operates approximately 37 branch offices, and deposit production facilities located throughout New Jersey and metropolitan area of New York City and Philadelphia.

Ticker

OCFC

Sector

Financials

Trading on

NASDAQ

Industry

Regional Banks

CEO

Christopher Maher

Employees

857

Headquarters

Toms river, United States

OCFC Metrics

BasicAdvanced
$903.69M
Market cap
8.87
P/E ratio
$1.71
EPS
0.99
Beta
$0.80
Dividend rate
5.27%
Dividend yield
$903.69M
0.99217
$19.58
$12.01
345.28K
$0.80
25.567
29.579
35.22%
0.78%
6.16%
8.873
2.254
0.536
0.786
3.41%
5.27%
5.27%
31.58%
-30.43%
17%
18.52%
5.57%

What the Analysts think about OCFC

Analyst Ratings

Majority rating from 7 analysts.
Buy

Price Targets

Average projection from 7 analysts.
22.21% upside
High $22.00
Low $16.00
$15.49
Current price
$18.93
Average price target

OCFC Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
16.45% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$173.8M
0.93%
Net income
$28.6M
3.62%
Profit margin
16.45%
2.68%

OCFC Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 7.32%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.46
$0.32
$0.45
$0.44
-
Expected
$0.47
$0.35
$0.43
$0.41
$0.43
Surprise
-2.13%
-9.24%
5.56%
7.32%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for OceanFirst Financial stock?

OceanFirst Financial (OCFC) has a market cap of $903.69M as of April 24, 2024.

What is the P/E ratio for OceanFirst Financial stock?

The price to earnings (P/E) ratio for OceanFirst Financial (OCFC) stock is 8.87 as of April 24, 2024.

Does OceanFirst Financial stock pay dividends?

Yes, the OceanFirst Financial (OCFC) stock pays dividends to shareholders. As of April 24, 2024, the dividend rate is $0.8 and the yield is 5.27%. OceanFirst Financial has a payout ratio of 35.22% on a trailing twelve-month basis.

When is the next OceanFirst Financial dividend payment date?

The next OceanFirst Financial (OCFC) dividend payment is scheduled for May 17, 2024.

What is the beta indicator for OceanFirst Financial?

OceanFirst Financial (OCFC) has a beta rating of 0.99. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the OceanFirst Financial stock price target?

The target price for OceanFirst Financial (OCFC) stock is $18.93, which is 22.6% above the current price of $15.44. This is an average based on projections from 7 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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