OceanFirst Financial (OCFC) Projected to Post Earnings on Thursday

OceanFirst Financial (NASDAQ:OCFC - Get Free Report) is anticipated to release its Q2 2025 earnings data after the market closes on Thursday, July 24th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $101.26 million for the quarter.

OceanFirst Financial (NASDAQ:OCFC - Get Free Report) last issued its earnings results on Thursday, April 24th. The savings and loans company reported $0.35 EPS for the quarter, meeting analysts' consensus estimates of $0.35. The business had revenue of $97.91 million during the quarter, compared to analyst estimates of $95.66 million. OceanFirst Financial had a return on equity of 5.38% and a net margin of 13.59%. On average, analysts expect OceanFirst Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

OceanFirst Financial Stock Down 1.3%

Shares of NASDAQ OCFC traded down $0.25 during mid-day trading on Friday, reaching $18.68. 286,083 shares of the company's stock were exchanged, compared to its average volume of 292,746. The business has a fifty day simple moving average of $17.55 and a 200 day simple moving average of $17.35. OceanFirst Financial has a twelve month low of $14.29 and a twelve month high of $21.87. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 12.21 and a beta of 0.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.65.

OceanFirst Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.28%. OceanFirst Financial's payout ratio is 52.29%.

Hedge Funds Weigh In On OceanFirst Financial

A number of institutional investors have recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of OceanFirst Financial by 8.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,122 shares of the savings and loans company's stock valued at $2,417,000 after buying an additional 11,262 shares during the period. Empowered Funds LLC lifted its position in OceanFirst Financial by 5.5% during the 1st quarter. Empowered Funds LLC now owns 140,481 shares of the savings and loans company's stock worth $2,390,000 after acquiring an additional 7,359 shares during the period. Jane Street Group LLC lifted its holdings in shares of OceanFirst Financial by 107.0% in the 1st quarter. Jane Street Group LLC now owns 88,353 shares of the savings and loans company's stock valued at $1,503,000 after buying an additional 45,673 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of OceanFirst Financial by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,193 shares of the savings and loans company's stock valued at $582,000 after purchasing an additional 1,461 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Raymond James Financial decreased their target price on OceanFirst Financial from $24.00 to $21.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods reduced their price target on OceanFirst Financial from $21.00 to $20.00 and set a "market perform" rating for the company in a research report on Monday, April 28th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $20.67.

OceanFirst Financial Company Profile

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.