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OceanFirst Financial NasdaqGS:OCFC Stock Report

Last Price

US$16.62

Market Cap

US$960.6m

7D

2.1%

1Y

-0.7%

Updated

22 Aug, 2024

Data

Company Financials +

OceanFirst Financial Corp.

NasdaqGS:OCFC Stock Report

Market Cap: US$960.6m

OCFC Stock Overview

Operates as the bank holding company for OceanFirst Bank N.A.

OCFC fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends6/6

OceanFirst Financial Corp. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for OceanFirst Financial
Historical stock prices
Current Share PriceUS$16.62
52 Week HighUS$18.96
52 Week LowUS$12.01
Beta1.02
11 Month Change-8.63%
3 Month Change10.80%
1 Year Change-0.66%
33 Year Change-21.27%
5 Year Change-21.86%
Change since IPO134.64%

Recent News & Updates

OceanFirst Financial (NASDAQ:OCFC) Is Paying Out A Dividend Of $0.20

Jul 23
OceanFirst Financial (NASDAQ:OCFC) Is Paying Out A Dividend Of $0.20

OceanFirst Financial At Risk Of Treading Water Without Competitive Differentiation

Jul 02

Recent updates

OceanFirst Financial (NASDAQ:OCFC) Is Paying Out A Dividend Of $0.20

Jul 23
OceanFirst Financial (NASDAQ:OCFC) Is Paying Out A Dividend Of $0.20

OceanFirst Financial At Risk Of Treading Water Without Competitive Differentiation

Jul 02

OceanFirst Financial's (NASDAQ:OCFC) Dividend Will Be $0.20

Apr 26
OceanFirst Financial's (NASDAQ:OCFC) Dividend Will Be $0.20

OceanFirst Financial: The 7.1% Fixed-To-Floating Preferred Remains Very Attractive

Mar 21

OceanFirst Financial (NASDAQ:OCFC) Has Announced A Dividend Of $0.20

Oct 24
OceanFirst Financial (NASDAQ:OCFC) Has Announced A Dividend Of $0.20

OceanFirst Financial (NASDAQ:OCFC) Will Pay A Dividend Of $0.20

Jul 25
OceanFirst Financial (NASDAQ:OCFC) Will Pay A Dividend Of $0.20

Should You Be Adding OceanFirst Financial (NASDAQ:OCFC) To Your Watchlist Today?

Mar 08
Should You Be Adding OceanFirst Financial (NASDAQ:OCFC) To Your Watchlist Today?

Ocean First Financial goes ex-dividend tomorrow

Aug 04

OceanFirst Looking To Disrupt Large, New Loan Markets And Generate Significant Operating Leverage

Mar 03

OceanFirst: NJ Acquirer Focused On Efficiency Improvement

Feb 03

OceanFirst Financial (NASDAQ:OCFC) Has Announced A Dividend Of US$0.17

Feb 01
OceanFirst Financial (NASDAQ:OCFC) Has Announced A Dividend Of US$0.17

OceanFirst Financial (NASDAQ:OCFC) Has Re-Affirmed Its Dividend Of US$0.17

Nov 04
OceanFirst Financial (NASDAQ:OCFC) Has Re-Affirmed Its Dividend Of US$0.17

OceanFirst Financial (NASDAQ:OCFC) Is Due To Pay A Dividend Of US$0.17

Aug 03
OceanFirst Financial (NASDAQ:OCFC) Is Due To Pay A Dividend Of US$0.17

We Think Some Shareholders May Hesitate To Increase OceanFirst Financial Corp.'s (NASDAQ:OCFC) CEO Compensation

May 13
We Think Some Shareholders May Hesitate To Increase OceanFirst Financial Corp.'s (NASDAQ:OCFC) CEO Compensation

Is OceanFirst Financial Corp. (NASDAQ:OCFC) The Right Choice For A Smart Dividend Investor?

Apr 06
Is OceanFirst Financial Corp. (NASDAQ:OCFC) The Right Choice For A Smart Dividend Investor?

If You Had Bought OceanFirst Financial (NASDAQ:OCFC) Shares A Year Ago You'd Have Earned 48% Returns

Mar 11
If You Had Bought OceanFirst Financial (NASDAQ:OCFC) Shares A Year Ago You'd Have Earned 48% Returns

Trade Alert: The Independent Director Of OceanFirst Financial Corp. (NASDAQ:OCFC), Michael Devlin, Has Sold Some Shares Recently

Feb 13
Trade Alert: The Independent Director Of OceanFirst Financial Corp. (NASDAQ:OCFC), Michael Devlin, Has Sold Some Shares Recently

Do These 3 Checks Before Buying OceanFirst Financial Corp. (NASDAQ:OCFC) For Its Upcoming Dividend

Feb 02
Do These 3 Checks Before Buying OceanFirst Financial Corp. (NASDAQ:OCFC) For Its Upcoming Dividend

OceanFirst Financial declares $0.17 dividend

Jan 28

Shareholder Returns

OCFCUS BanksUS Market
7D2.1%1.7%0.4%
1Y-0.7%37.6%25.3%

Return vs Industry: OCFC underperformed the US Banks industry which returned 36.8% over the past year.

Return vs Market: OCFC underperformed the US Market which returned 24.9% over the past year.

Price Volatility

Is OCFC's price volatile compared to industry and market?
OCFC volatility
OCFC Average Weekly Movement5.5%
Banks Industry Average Movement4.7%
Market Average Movement6.3%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market3.2%

Stable Share Price: OCFC has not had significant price volatility in the past 3 months.

Volatility Over Time: OCFC's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1902899Chris Maherwww.oceanfirst.com

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 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.

OceanFirst Financial Corp. Fundamentals Summary

How do OceanFirst Financial's earnings and revenue compare to its market cap?
OCFC fundamental statistics
Market capUS$960.57m
Earnings (TTM)US$97.37m
Revenue (TTM)US$376.06m

9.9x

P/E Ratio

0.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
OCFC income statement (TTM)
RevenueUS$376.06m
Cost of RevenueUS$0
Gross ProfitUS$376.06m
Other ExpensesUS$278.69m
EarningsUS$97.37m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)1.67
Gross Margin100.00%
Net Profit Margin25.89%
Debt/Equity Ratio83.3%

How did OCFC perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

48%

Payout Ratio