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How to buy OceanFirst Financial stock | $20.33

Own OceanFirst Financial stock in just a few minutes.

Fact checked

OceanFirst Financial Corp is a banks-regional business based in the US. OceanFirst Financial shares (OCFC) are listed on the NASDAQ and all prices are listed in US Dollars.

How to buy shares in OceanFirst Financial

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for OceanFirst Financial. Find the stock by name or ticker symbol: OCFC. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until OceanFirst Financial reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$20.33, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of OceanFirst Financial, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of OceanFirst Financial. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

OceanFirst Financial share price

Use our graph to track the performance of OCFC stocks over time.

OceanFirst Financial shares at a glance

Information last updated 2021-01-15.
Latest market closeUSD$20.33
52-week rangeUSD$11.2329 - USD$24.0479
50-day moving average USD$18.2745
200-day moving average USD$16.3048
Wall St. target priceUSD$21.67
PE ratio 21.976
Dividend yield USD$0.68 (3.36%)
Earnings per share (TTM) USD$0.916

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy OceanFirst Financial stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

OceanFirst Financial price performance over time

Historical closes compared with the close of $20.33 from 2021-01-11

1 week (2021-01-08) 2.52%
1 month (2020-12-15) 13.26%
3 months (2020-10-15) 34.55%
6 months (2020-07-15) 19.80%
1 year (2020-01-15) -18.78%
2 years (2019-01-15) -10.36%
3 years (2018-01-12) 28.09
5 years (2016-01-15) 12.26%

Is OceanFirst Financial under- or over-valued?

Valuing OceanFirst Financial stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of OceanFirst Financial's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

OceanFirst Financial's P/E ratio

OceanFirst Financial's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 22x. In other words, OceanFirst Financial shares trade at around 22x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

OceanFirst Financial's PEG ratio

OceanFirst Financial's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.84. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into OceanFirst Financial's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

OceanFirst Financial financials

Revenue TTM USD$287.3 million
Operating margin TTM 33.49%
Gross profit TTM USD$296.5 million
Return on assets TTM 0.54%
Return on equity TTM 4.12%
Profit margin 18.69%
Book value $24.395
Market capitalisation USD$1.2 billion

TTM: trailing 12 months

Shorting OceanFirst Financial shares

There are currently 636,543 OceanFirst Financial shares held short by investors – that's known as OceanFirst Financial's "short interest". This figure is 2.2% up from 622,671 last month.

There are a few different ways that this level of interest in shorting OceanFirst Financial shares can be evaluated.

OceanFirst Financial's "short interest ratio" (SIR)

OceanFirst Financial's "short interest ratio" (SIR) is the quantity of OceanFirst Financial shares currently shorted divided by the average quantity of OceanFirst Financial shares traded daily (recently around 210080.1980198). OceanFirst Financial's SIR currently stands at 3.03. In other words for every 100,000 OceanFirst Financial shares traded daily on the market, roughly 3030 shares are currently held short.

However OceanFirst Financial's short interest can also be evaluated against the total number of OceanFirst Financial shares, or, against the total number of tradable OceanFirst Financial shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case OceanFirst Financial's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 OceanFirst Financial shares in existence, roughly 10 shares are currently held short) or 0.0138% of the tradable shares (for every 100,000 tradable OceanFirst Financial shares, roughly 14 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against OceanFirst Financial.

Find out more about how you can short OceanFirst Financial stock.

OceanFirst Financial share dividends

55%

Dividend payout ratio: 54.94% of net profits

Recently OceanFirst Financial has paid out, on average, around 54.94% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.36% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), OceanFirst Financial shareholders could enjoy a 3.36% return on their shares, in the form of dividend payments. In OceanFirst Financial's case, that would currently equate to about $0.68 per share.

OceanFirst Financial's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

OceanFirst Financial's most recent dividend payout was on 20 November 2020. The latest dividend was paid out to all shareholders who bought their shares by 6 November 2020 (the "ex-dividend date").

Have OceanFirst Financial's shares ever split?

OceanFirst Financial's shares were split on a 3:2 basis on 20 May 2002. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your OceanFirst Financial shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for OceanFirst Financial shares which in turn could have impacted OceanFirst Financial's share price.

OceanFirst Financial share price volatility

Over the last 12 months, OceanFirst Financial's shares have ranged in value from as little as $11.2329 up to $24.0479. A popular way to gauge a stock's volatility is its "beta".

OCFC.US volatility(beta: 0.98)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while OceanFirst Financial's is 0.9758. This would suggest that OceanFirst Financial's shares are less volatile than average (for this exchange).

OceanFirst Financial overview

OceanFirst Financial Corp. operates as the holding company for OceanFirst Bank N.A. that provides community banking services. The company accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. It also offers commercial real estate, multi-family mortgage, land loans, construction, and commercial and industrial loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; 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; and commercial and industrial loans, and lines of credit. In addition, the company invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments. Further, it offers bankcard, wealth management, and trust and asset management services; and sells alternative investment products and life insurance products. As of December 31, 2019 the company operated through its branch office in Toms River; administrative/branch office located in Red Bank; 54 additional branch offices and five deposit production facilities located throughout central and southern New Jersey; and commercial loan production offices in New York City, the Philadelphia area, as well as Atlantic, Cape May, and Mercer Counties in New Jersey. OceanFirst Financial Corp. was founded in 1902 and is based in Red Bank, New Jersey.

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