OceanFirst Financial Corp. (NASDAQ:OCFC - Free Report) - Equities research analysts at DA Davidson issued their Q2 2025 earnings per share estimates for OceanFirst Financial in a research note issued to investors on Tuesday, April 29th. DA Davidson analyst M. Navas forecasts that the savings and loans company will earn $0.30 per share for the quarter. The consensus estimate for OceanFirst Financial's current full-year earnings is $1.60 per share. DA Davidson also issued estimates for OceanFirst Financial's FY2025 earnings at $1.45 EPS.
Other research analysts have also recently issued reports about the company. 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. Hovde Group lowered their price target on shares of OceanFirst Financial from $23.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, January 27th. Raymond James dropped their price target on shares of OceanFirst Financial from $24.00 to $21.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 2nd. Finally, Stephens reiterated an "equal weight" rating and issued a $22.00 price objective on shares of OceanFirst Financial in a research report on Friday, January 24th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $20.67.
Check Out Our Latest Analysis on OceanFirst Financial
OceanFirst Financial Stock Performance
Shares of NASDAQ OCFC traded up $0.54 during trading on Wednesday, reaching $17.21. 191,977 shares of the company traded hands, compared to its average volume of 295,711. The stock has a market cap of $1.00 billion, a P/E ratio of 10.43 and a beta of 0.94. The firm's fifty day simple moving average is $16.52 and its 200 day simple moving average is $18.06. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.79. OceanFirst Financial has a 12-month low of $14.03 and a 12-month high of $21.87.
OceanFirst Financial (NASDAQ:OCFC - Get Free Report) last issued its earnings results on Thursday, April 24th. The savings and loans company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. OceanFirst Financial had a net margin of 14.45% and a return on equity of 5.75%. The firm had revenue of $97.91 million during the quarter, compared to analysts' expectations of $95.66 million.
OceanFirst Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Monday, May 5th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $0.80 annualized dividend and a dividend yield of 4.65%. OceanFirst Financial's dividend payout ratio (DPR) is 52.29%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund increased its stake in OceanFirst Financial by 40.8% during the 1st quarter. New York State Common Retirement Fund now owns 21,744 shares of the savings and loans company's stock worth $370,000 after buying an additional 6,300 shares in the last quarter. Cerity Partners LLC raised its stake in OceanFirst Financial by 7.9% in the 1st quarter. Cerity Partners LLC now owns 41,609 shares of the savings and loans company's stock valued at $708,000 after purchasing an additional 3,033 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in OceanFirst Financial by 61.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 31,441 shares of the savings and loans company's stock valued at $535,000 after purchasing an additional 11,987 shares in the last quarter. SG Americas Securities LLC acquired a new stake in OceanFirst Financial during the 1st quarter worth $632,000. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of OceanFirst Financial by 35.0% during the first quarter. Harbor Capital Advisors Inc. now owns 20,704 shares of the savings and loans company's stock worth $352,000 after buying an additional 5,368 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.
About OceanFirst Financial
(
Get Free Report)
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.
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