OceanFirst Financial: Trading At A Significant Discount, Are We Being Too Cautious? [Seeking Alpha]
OceanFirst Financial Corp. (OCFC)
Last oceanfirst financial corp. earnings: 4/23 08:40 pm
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US:NASDAQ Investor Relations:
oceanfirstonline.com/home/home
Company Research
Source: Seeking Alpha
Asset quality metrics were mixed, with an increase in net charge-offs and non-performing loans. The bank's attractive dividend yield and share repurchases are tempting, but the high concentration of commercial real estate loans and rising non-performing loans raise concerns. Looking for option income ideas that focus on capital preservation? I offer this and much more at my exclusive investing ideas service, BAD BEAT Investing. Learn More » OceanFirst Financial Corp. NASDAQ: OCFC ) is a New Jersey-based regional bank that we highlighted in January as tempting for income with its over 5% dividend yield, however we were cautious, given the bank's loan portfolio and asset quality. Shares are down about 12% in that time, although the market has started to correct here in April. The concern we have is that much of OceanFirst's loan portfolio, more than half of it, is tied to commercial real estate. While not all commercial real estate is equal, right now, the sector is generally c
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OCFC
News
- Is It Smart To Buy OceanFirst Financial Corp. (NASDAQ:OCFC) Before It Goes Ex-Dividend? [Yahoo! Finance]Yahoo! Finance
- OceanFirst Financial (NASDAQ:OCFC) Has Announced A Dividend Of $0.20 [Yahoo! Finance]Yahoo! Finance
- OceanFirst Financial Corp. (NASDAQ: OCFC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- OceanFirst Financial Corp. (NASDAQ: OCFC) had its price target lowered by analysts at Raymond James from $22.00 to $20.00. They now have an "outperform" rating on the stock.MarketBeat
- OceanFirst Financial Corp. (NASDAQ:OCFC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
OCFC
Earnings
- 4/18/24 - Beat
OCFC
Sec Filings
- 4/18/24 - Form 8-K
- 4/11/24 - Form ARS
- 4/11/24 - Form DEF
- OCFC's page on the SEC website