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 products and services.
Employees: 1,007
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
92% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 13
12% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 69
5% more funds holding
Funds holding: 197 [Q4 2024] → 206 (+9) [Q1 2025]
0.83% more ownership
Funds ownership: 73.48% [Q4 2024] → 74.3% (+0.83%) [Q1 2025]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 1 (+0) [Q1 2025]
5% less capital invested
Capital invested by funds: $778M [Q4 2024] → $740M (-$37.5M) [Q1 2025]
67% less call options, than puts
Call options by funds: $3K | Put options by funds: $9K
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$20
19%
upside
Avg. target
$21
22%
upside
High target
$21
24%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Keefe, Bruyette & Woods Timothy Switzer | 19%upside $20 | Market Perform Maintained | 28 Apr 2025 |
Raymond James Daniel Tamayo | 24%upside $21 | Strong Buy Maintained | 2 Apr 2025 |
Financial journalist opinion
Positive
Seeking Alpha
1 month ago
OceanFirst Financial: 5% Yield, But We Are Not Buyers
OceanFirst Financial Corp. offers a 5% dividend yield, but concerns about its loan portfolio and asset quality justify a hold/neutral rating. Q1 results were mixed: revenue slightly beat expectations, but net income and EPS declined year-over-year and sequentially. Asset quality metrics are mixed with increased delinquent loans and higher provisions for credit losses, signaling potential risks.
Neutral
Seeking Alpha
1 month ago
OceanFirst Financial Corp. (OCFC) Q1 2025 Earnings Conference Call Transcript
OceanFirst Financial Corp. (NASDAQ:OCFC ) Q1 2025 Results Earnings Conference Call April 25, 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 III - President and Chief Operating Officer Patrick Barrett - Executive Vice President and Chief Financial Officer Conference Call Participants Frank Schiraldi - Piper Sandler Tim Switzer - KBW David Bishop - Hovde Group Christopher Marinac - Janney Montgomery Scott Daniel Tamayo - Raymond James Matthew Breese - Stephens, Inc. Manuel Navas - D.A. Davidson Companies Operator Hello, everyone, and thank you for joining the OceanFirst Financial Corp. Q1 2025 earnings call.
Positive
Zacks Investment Research
1 month ago
Compared to Estimates, OceanFirst (OCFC) Q1 Earnings: A Look at Key Metrics
Although the revenue and EPS for OceanFirst (OCFC) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
1 month ago
OceanFirst Financial (OCFC) Matches Q1 Earnings Estimates
OceanFirst Financial (OCFC) came out with quarterly earnings of $0.35 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.44 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
OceanFirst Financial Corp. Announces First Quarter Financial Results
RED BANK, N.J., April 24, 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 $20.5 million, or $0.35 per diluted share, for the quarter ended March 31, 2025, a decrease from $27.7 million, or $0.47 per diluted share, for the corresponding prior year period, and a decrease from $20.9 million, or $0.36 per diluted share, for the linked quarter. Selected performance metrics are as follows (refer to “Selected Quarterly Financial Data” for additional information):
Neutral
GlobeNewsWire
2 months ago
OceanFirst Financial Corp. Schedules Earnings Conference Call
RED BANK, N.J., April 14, 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 March 31, 2025 on Thursday, April 24, 2025 after the market close. Management will then conduct a conference call at 11:00 a.m. Eastern Time, on Friday, April 25, 2025 to discuss highlights of the Company's quarterly operating performance.
Neutral
GlobeNewsWire
2 months ago
OceanFirst Financial Corp. Announces Redemption of all Outstanding 57,370 shares of 7.00% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock of OceanFirst Financial Corporation
RED BANK, N.J., April 11, 2025 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ: OCFC) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank” or “OceanFirst”), announced today that it will redeem 57,370 shares of its 7.00% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (the “Series A Preferred Stock”), constituting all of the outstanding shares of the Series A Preferred Stock, on May 15, 2025, the next dividend payment date for the Series A Preferred Stock (the “Redemption Date”). Payment of the cash redemption price equal to $1,000 per share of Series A Preferred Stock (the “Redemption Price”) (equivalent to $25 per Depositary Share) will be made on the Redemption Date. The Redemption Price does not include the previously declared dividend payment that is due on the Redemption Date and that will be paid immediately prior to the redemption of the Series A Preferred Stock on the Redemption Date to holders of record on the record date for such dividend payment. On the Redemption Date, simultaneous with the redemption of the Series A Preferred Stock, the depositary for the Series A Preferred Stock will redeem 2,294,800 depositary shares (the “Depositary Shares”), each representing a 1/40th interest in a share of the Series A Preferred Stock, for an amount per Depositary Share equal to 1/40th of the Redemption Price per share of Series A Preferred Stock.
Positive
Zacks Investment Research
2 months ago
OceanFirst Financial (OCFC) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
OceanFirst (OCFC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Seeking Alpha
4 months ago
OceanFirst Financial Will Likely Call Its Preferred Shares
OceanFirst Financial's Q4 performance was weaker than expected due to higher loan loss provisions, resulting in a lower net income of $21.9M. The preferred stock remains attractive with a current yield of 6.97%, but investors should be cautious of potential calls due to high future dividend costs. Management is considering partial redemption of preferred shares to manage capital costs. A full call would boost EPS on common shares by $0.10 annually.
Neutral
Seeking Alpha
4 months 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.
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