OceanFirst Financial Corp. (OCFC)
| Market Cap | 938.24M |
| Revenue (ttm) | 385.73M |
| Net Income (ttm) | 100.80M |
| Shares Out | 58.71M |
| EPS (ttm) | 1.71 |
| PE Ratio | 9.40 |
| Forward PE | 8.82 |
| Dividend | $0.80 (5.01%) |
| Ex-Dividend Date | May 3, 2024 |
| Volume | 85,727 |
| Open | 16.13 |
| Previous Close | 16.08 |
| Day's Range | 15.93 - 16.18 |
| 52-Week Range | 12.01 - 19.58 |
| Beta | 1.00 |
| Analysts | Hold |
| Price Target | 18.20 (+13.89%) |
| Earnings Date | Apr 18, 2024 |
About OCFC
OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services to retail and commercial customers. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits, that includes brokered 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 lo... [Read more]
Financial Performance
In 2023, OCFC's revenue was $385.68 million, a decrease of -10.06% compared to the previous year's $428.80 million. Earnings were $100.01 million, a decrease of -29.86%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for OCFC stock is "Hold." The 12-month stock price forecast is $18.2, which is an increase of 13.89% from the latest price.
News
OceanFirst Financial Corp. Announces First Quarter Financial Results
RED BANK, N.J., April 18, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:O CFC) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), announced net income available ...
OceanFirst Financial Corp. Schedules Earnings Conference Call
RED BANK, N.J., March 19, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, today announced that it will issue its earnings release for the qu...
OceanFirst Financial Corp. to Present at the Raymond James & Associates' 45th Annual Institutional Investors Conference on March 4-6, 2024
RED BANK, N.J., Feb. 28, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), announced today that Management will present and meet with investors during the Raymond James & Associates' ...
OceanFirst CEO on regional banking and commercial real estate risks
Christopher Maher, OceanFirst Financial CEO, Chairman, and President, discusses the impact of inflation and higher rates on the regional banking sector.
OceanFirst Financial Corp. Announces Quarterly and Annual Earnings and Financial Results
RED BANK, N.J., Jan. 18, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), announced net income available ...
OceanFirst Financial Corp. Announces Third Quarter Financial Results
RED BANK, N.J., Oct. 19, 2023 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), announced net income available to...
OceanFirst Financial Corp. Schedules Earnings Conference Call
RED BANK, N.J., Sept. 22, 2023 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, today announced that it will issue its earnings release for the qu...
OceanFirst Financial Corp. Enhances Board and Announces Chief Risk Officer Transition
RED BANK, N.J., Sept. 19, 2023 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), today announced the appointment of three members to its Board of Directors.
The credit outlook has gotten a lot better, says OceanFirst Financial CEO
Chris Maher, OceanFirst Financial chairman and CEO, joins 'Squawk on the Street' to discuss how much of the regional bank selloffs have to do with the current rate environment, OceanFirst's positionin...
Oceanfirst Financial Corp. Announces Second Quarter Financial Results
RED BANK, N.J., July 20, 2023 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), announced net income available to...
Better valuations are ahead for bank stocks following stress test results: Christopher Marinac
Christopher Marinac, Janney Montgomery Scott director of research, joins 'Fast Money' to discuss the results of the Federal Reserve's banking stress test and what that means for bank stocks moving for...
OceanFirst Financial Corp. Announces First Quarter Financial Results
RED BANK, N.J., April 20, 2023 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), announced net income available t...
OceanFirst Financial Corp. Declares Quarterly Cash Dividend for Series A Preferred Stock
RED BANK, N.J., April 18, 2023 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), announced that its Board of Directors has declared a quarterly cash dividend of $0.4375 ...
OceanFirst Bank Announces Appointment of Stephen Adamo, President of Residential and Consumer Lending
RED BANK, N.J., March 20, 2023 (GLOBE NEWSWIRE) -- OceanFirst Bank (“OceanFirst”), the wholly owned subsidiary of OceanFirst Financial Corp. (NASDAQ:OCFC), announces the appointment of Stephen Adamo a...
Regional bank OceanFirst Financial feeling 'virtually no stress at all,' says CEO Chris Maher
Chris Maher, OceanFirst Financial chairman and CEO, joins CNBC's "Squawk on the Street" to discuss the collapse of Silicon Valley Bank and how it's affecting regional banks like OceanFirst.
OceanFirst Financial Corp. Announces Record Quarterly and Annual Earnings and Financial Results
RED BANK, N.J., Jan. 19, 2023 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), announced net income available ...
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...
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...
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...
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...
OceanFirst Financial Corp. Announces Retirement of Michael J. Fitzpatrick, Chief Financial Officer, and Selection of Patrick S.
RED BANK, N.J., March 17, 2022 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), today, announced that Michael J...
TURK & COMPANY ANNOUNCES ACQUISITION OF TRIDENT ABSTRACT TITLE AGENCY, LLC BY OCEANFIRST FINANCIAL CORP.
DENVER, Feb. 4, 2022 /PRNewswire/ -- Turk and Company, announced today that its client OceanFirst Financial Corp. (NASDAQ:"OCFC"), the holding company for OceanFirst Bank N.A. has signed an agreement ...
OceanFirst Financial Corp. Announces Acquisition of Trident Abstract Title Agency, LLC
RED BANK, N.J., Feb. 03, 2022 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:”OCFC”), (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), today, announced the Company h...
First Bank Completes Acquisition of Two Former OceanFirst Branch Locations Strengthening its Central New Jersey Presence
Acquisition includes approximately $101 million in deposits and $11 million of loans Acquisition includes approximately $101 million in deposits and $11 million of loans
SHAREHOLDER ALERT: WeissLaw LLP Investigates Partners Bancorp
NEW YORK, Nov. 4, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Partners Bancorp ("Partners" or the "C...