OceanFirst FinancialOCFC
OCFC
About: OceanFirst Financial Corp is engaged in the banking sector of the United States. It conducts the business of attracting retail and business deposits and investing them in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate loans. The company's sole segment deals with the delivery of loan and deposit products to customers. The bank's revenues are derived principally from interest on its loans, and to a lesser extent, interest on its investment and mortgage-backed securities. The rest of its income is dependent on bank card services and wealth management services.
Employees: 920
0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
22,675% more call options, than puts
Call options by funds: $911K | Put options by funds: $4K
80% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 15
15% more capital invested
Capital invested by funds: $697M [Q2] → $802M (+$105M) [Q3]
6% more funds holding
Funds holding: 182 [Q2] → 193 (+11) [Q3]
5% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 63
1.25% less ownership
Funds ownership: 74.72% [Q2] → 73.47% (-1.25%) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$22
22%
upside
Avg. target
$22
22%
upside
High target
$22
22%
upside
3 analyst ratings
0 positive
0%
3 neutral
100%
0 negative
0%
Stephens & Co. Matt Breese 71% 1-year accuracy 5 / 7 met price target | 22%upside $22 | Equal-Weight Reiterated | 24 Jan 2025 |
Keefe, Bruyette & Woods Timothy Switzer 86% 1-year accuracy 19 / 22 met price target | 22%upside $22 | Market Perform Maintained | 4 Dec 2024 |
DA Davidson Manuel Navas 75% 1-year accuracy 6 / 8 met price target | 22%upside $22 | Neutral Maintained | 4 Dec 2024 |
Financial journalist opinion
Based on 7 articles about OCFC published over the past 30 days
Neutral
Seeking Alpha
6 days ago
OceanFirst Financial Corp. (OCFC) Q4 2024 Earnings Conference Call Transcript
OceanFirst Financial Corp. (NASDAQ:OCFC ) Q4 2024 Earnings Conference Call January 24, 2025 11:00 AM ET Company Participants Alfred Goon - Senior Vice President, Corporate Development and Investor Relations Christopher Maher - Chairman and Chief Executive Officer Joseph Lebel - President and Chief Operating Officer Patrick Barrett - Executive Vice President and Chief Financial Officer Conference Call Participants Tim Switzer - KBW Christopher Marinac - Janney Montgomery Scott David Bishop - Hovde Group Matthew Breese - Stephens Frank Schiraldi - Piper Sandler Daniel Tamayo - Raymond James Operator Good morning, and thank you all for attending the OceanFirst Financial Corp. Q4 2024 Earnings Call. My name is, Brika, and I will be your moderator for today.
Positive
Zacks Investment Research
1 week ago
OceanFirst (OCFC) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for OceanFirst (OCFC) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
1 week ago
OceanFirst Financial (OCFC) Q4 Earnings Beat Estimates
OceanFirst Financial (OCFC) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.45 per share a year ago.
Neutral
GlobeNewsWire
1 week ago
OceanFirst Financial Corp. Announces Quarterly and Annual Financial Results
RED BANK, N.J., Jan. 23, 2025 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), announced net income available to common stockholders of $20.9 million, or $0.36 per diluted share, for the quarter ended December 31, 2024, a decrease from $26.7 million, or $0.46 per diluted share, for the corresponding prior year period, and $24.1 million, or $0.42 per diluted share, for the prior linked quarter. For the year ended December 31, 2024, the Company reported net income available to common stockholders of $96.0 million, or $1.65 per diluted share, a decrease from $100.0 million, or $1.70 per diluted share, for the prior year. Selected performance metrics are as follows (refer to “Selected Quarterly Financial Data” for additional information):
Neutral
GlobeNewsWire
1 week ago
OceanFirst Financial Corp. Declares Quarterly Cash Dividend for Series A Preferred Stock
RED BANK, N.J., Jan. 21, 2025 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), announced that its Board of Directors has declared a quarterly cash dividend of $0.4375 per share for every depositary share, representing 1/40th interest in the Series A Preferred Stock, payable on February 17, 2025 to stockholders of record on January 31, 2025.
Positive
Zacks Investment Research
1 week ago
Insights Into OceanFirst (OCFC) Q4: Wall Street Projections for Key Metrics
Beyond analysts' top -and-bottom-line estimates for OceanFirst (OCFC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Neutral
GlobeNewsWire
3 weeks ago
OceanFirst Financial Corp. Schedules Earnings Conference Call
RED BANK, N.J., Jan. 06, 2025 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, today announced that it will issue its earnings release for the quarter ended December 31, 2024 on Thursday, January 23, 2025 after the market close. Management will then conduct a conference call at 11:00 a.m. Eastern Time, on Friday, January 24, 2025 to discuss highlights of the Company's quarterly operating performance.
Neutral
GlobeNewsWire
2 months ago
OceanFirst Financial Corp. and OceanFirst Bank N.A. Receive Moody's Investment Grade Ratings
OceanFirst Bank N.A. receives Deposit Ratings of A3/Prime-2 and OceanFirst Financial Corp. receives an Issuer Rating of Baa3 OceanFirst Bank N.A. receives Deposit Ratings of A3/Prime-2 and OceanFirst Financial Corp. receives an Issuer Rating of Baa3
Neutral
Seeking Alpha
3 months ago
OceanFirst Financial Corp. (OCFC) Q3 2024 Earnings Call Transcript
OceanFirst Financial Corp. (NASDAQ:OCFC ) Q3 2024 Earnings Conference Call October 18, 2024 11:00 AM ET Company Participants Alfred Goon - Senior Vice President, Corporate Development and Investor Relations Christopher Maher - Chairman and Chief Executive Officer Joseph Lebel - President and Chief Operating Officer Patrick Barrett - Executive Vice President and Chief Financial Officer Conference Call Participants Frank Schiraldi - Piper Sandler Daniel Tamayo - Raymond James Tim Switzer - KBW David Bishop - Hovde Matthew Breese - Stephens Manuel Navas - D.A. Davidson Christopher Marinac - JMS Operator Good morning, and thank you all for attending the OceanFirst Financial Corp. Third Quarter '24 Earnings Release Conference Call.
Positive
Seeking Alpha
3 months ago
OceanFirst Financial: Another Regional Bank At Highs, Mixed Operational Performance
OceanFirst Financial Corp.'s attractive 5% dividend yield is tempting, but concerns about its commercial real estate loan portfolio make it risky. Q3 earnings were mixed: deposits and loans dipped, but loan loss provisions and book value improved. Asset quality metrics were mixed; net charge-offs increased, and non-performing loans rose, but the efficiency ratio improved.
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