OceanFirst Financial (OCFC) to Release Quarterly Earnings on Thursday

OceanFirst Financial (NASDAQ:OCFC - Get Free Report) is anticipated to announce its Q2 2025 earnings results after the market closes on Thursday, July 24th. Analysts expect OceanFirst Financial to post 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 quarterly earnings data on Thursday, April 24th. The savings and loans company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $97.91 million for the quarter, compared to analyst estimates of $95.66 million. OceanFirst Financial had a net margin of 13.59% and a return on equity of 5.38%. 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 Up 3.5%

OCFC stock traded up $0.64 during trading on Thursday, hitting $18.93. 419,522 shares of the company's stock traded hands, compared to its average volume of 296,619. The firm has a market capitalization of $1.11 billion, a P/E ratio of 12.37 and a beta of 0.99. The business has a fifty day simple moving average of $17.51 and a two-hundred day simple moving average of $17.35. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. OceanFirst Financial has a 1 year low of $14.29 and a 1 year high of $21.87.

OceanFirst Financial Dividend Announcement

The firm also recently declared 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend was Monday, May 5th. OceanFirst Financial's payout ratio is presently 52.29%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OCFC. Keefe, Bruyette & Woods reduced their price target on OceanFirst Financial from $21.00 to $20.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Raymond James Financial decreased their target price on shares of 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. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, OceanFirst Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.67.

Institutional Trading of OceanFirst Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of OceanFirst Financial by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,193 shares of the savings and loans company's stock worth $582,000 after purchasing an additional 1,461 shares in the last quarter. Jane Street Group LLC increased its stake in shares of OceanFirst Financial by 107.0% during the first quarter. Jane Street Group LLC now owns 88,353 shares of the savings and loans company's stock worth $1,503,000 after purchasing an additional 45,673 shares in the last quarter. Empowered Funds LLC increased its stake in shares of OceanFirst Financial by 5.5% during the first quarter. Empowered Funds LLC now owns 140,481 shares of the savings and loans company's stock worth $2,390,000 after purchasing an additional 7,359 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 worth $2,417,000 after purchasing an additional 11,262 shares in the last quarter. Hedge funds and other institutional investors 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.