OceanFirst Financial Corp. Plans Quarterly Dividend of $0.20 (NASDAQ:OCFC)

OceanFirst Financial Corp. (NASDAQ:OCFC) declared a quarterly dividend on Thursday, July 30th. Investors of record on Monday, August 10th will be given a dividend of 0.20 per share by the savings and loans company on Friday, August 21st. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date is Monday, August 10th.

OceanFirst Financial has increased its dividend by an average of 0.0%annually over the last three years. OceanFirst Financial has a payout ratio of 41.7% meaning its dividend is sufficiently covered by earnings. Analysts expect OceanFirst Financial to earn $2.32 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 34.5%.

OceanFirst Financial Price Performance

Shares of OCFC opened at $19.64 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.88. The stock’s 50 day moving average is $18.91 and its two-hundred day moving average is $18.71. OceanFirst Financial has a twelve month low of $16.09 and a twelve month high of $20.61. The firm has a market capitalization of $1.13 billion, a PE ratio of 16.79 and a beta of 0.98.

OceanFirst Financial (NASDAQ:OCFC) last announced its quarterly earnings data on Thursday, July 30th. The savings and loans company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. OceanFirst Financial had a return on equity of 5.35% and a net margin of 10.04%. Research analysts anticipate that OceanFirst Financial will post 1.85 earnings per share for the current year.

OceanFirst Financial Company Profile

OceanFirst Financial Corporation (NASDAQ: OCFC) is a bank holding company headquartered in Toms River, New Jersey, that provides a full range of community banking and financial services through its principal subsidiary, OceanFirst Bank. Established in the early 20th century, the company has built its business around serving the deposit, lending and wealth management needs of individuals, small businesses, municipalities and nonprofit organizations across New Jersey and portions of New York.

The company’s core activities include accepting consumer and business deposits, making commercial, municipal and consumer loans, and offering residential mortgage financing.