DA Davidson Analysts Increase Earnings Estimates for OCFC

OceanFirst Financial Corp. (NASDAQ:OCFC - Free Report) - Equities research analysts at DA Davidson boosted their Q2 2025 EPS estimates for shares of OceanFirst Financial in a research note issued to investors on Tuesday, July 1st. DA Davidson analyst M. Navas now forecasts that the savings and loans company will earn $0.32 per share for the quarter, up from their prior estimate of $0.30. The consensus estimate for OceanFirst Financial's current full-year earnings is $1.60 per share.

OceanFirst Financial (NASDAQ:OCFC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The savings and loans company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. OceanFirst Financial had a return on equity of 5.38% and a net margin of 13.59%. The firm had revenue of $97.91 million during the quarter, compared to analyst estimates of $95.66 million.

Several other brokerages have also recently issued reports on OCFC. Keefe, Bruyette & Woods reduced their price objective on OceanFirst Financial from $21.00 to $20.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th. Raymond James Financial cut their target price on shares of OceanFirst Financial from $24.00 to $21.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.67.

OceanFirst Financial Stock Performance

NASDAQ:OCFC traded up $0.36 during trading hours on Wednesday, reaching $18.58. 291,635 shares of the stock were exchanged, compared to its average volume of 295,340. OceanFirst Financial has a 52 week low of $14.29 and a 52 week high of $21.87. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $1.08 billion, a P/E ratio of 12.14 and a beta of 0.99. The firm has a 50 day simple moving average of $17.02 and a 200-day simple moving average of $17.29.

OceanFirst Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 5th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend was Monday, May 5th. OceanFirst Financial's dividend payout ratio (DPR) is 52.29%.

Institutional Investors Weigh In On OceanFirst Financial

Several large investors have recently made changes to their positions in OCFC. Vanguard Group Inc. boosted its position in OceanFirst Financial by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 3,516,177 shares of the savings and loans company's stock worth $59,810,000 after acquiring an additional 61,515 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of OceanFirst Financial by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,228,902 shares of the savings and loans company's stock worth $58,442,000 after purchasing an additional 53,476 shares in the last quarter. Invesco Ltd. grew its position in OceanFirst Financial by 3.4% in the first quarter. Invesco Ltd. now owns 1,731,785 shares of the savings and loans company's stock worth $29,458,000 after buying an additional 56,526 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of OceanFirst Financial by 9.7% during the 1st quarter. American Century Companies Inc. now owns 1,326,378 shares of the savings and loans company's stock worth $22,562,000 after acquiring an additional 117,578 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of OceanFirst Financial by 7.3% during the first quarter. Wellington Management Group LLP now owns 1,072,375 shares of the savings and loans company's stock worth $18,241,000 after purchasing an additional 72,850 shares during the period. Institutional investors and hedge funds own 70.98% of the company's stock.

About OceanFirst Financial

OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services to retail and commercial customers. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits, that includes brokered deposits to retail, government, and business customers.