What is DA Davidson's Estimate for OCFC Q2 Earnings?

OceanFirst Financial Corp. (NASDAQ:OCFC - Free Report) - Investment analysts at DA Davidson issued their Q2 2025 earnings estimates for OceanFirst Financial in a research note issued on Tuesday, April 29th. DA Davidson analyst M. Navas anticipates that the savings and loans company will post earnings per share of $0.30 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.

OceanFirst Financial (NASDAQ:OCFC - Get Free Report) last released its earnings results on Thursday, April 24th. The savings and loans company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.35. The business had revenue of $97.91 million for the quarter, compared to the consensus estimate of $95.66 million. OceanFirst Financial had a return on equity of 5.75% and a net margin of 14.45%.

A number of other research analysts also recently commented on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of 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. Stephens reissued an "equal weight" rating and set a $22.00 price target on shares of OceanFirst Financial in a research report on Friday, January 24th. Hovde Group cut their price objective on OceanFirst Financial from $23.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, January 27th. Finally, Raymond James decreased their target price on 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 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.67.

OceanFirst Financial Stock Up 0.4 %

Shares of NASDAQ OCFC traded up $0.07 during trading hours on Wednesday, hitting $17.08. The company had a trading volume of 105,699 shares, compared to its average volume of 295,553. The stock has a market capitalization of $997.15 million, a P/E ratio of 10.35 and a beta of 0.94. OceanFirst Financial has a 1-year low of $14.03 and a 1-year high of $21.87. The firm's 50 day moving average is $16.52 and its 200-day moving average is $18.04. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.79.

OceanFirst Financial Announces Dividend

The company 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. This represents a $0.80 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend is Monday, May 5th. OceanFirst Financial's payout ratio is 52.29%.

Institutional Trading of OceanFirst Financial

Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in OceanFirst Financial by 13.0% in the 3rd quarter. Barclays PLC now owns 299,434 shares of the savings and loans company's stock valued at $5,566,000 after buying an additional 34,458 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of OceanFirst Financial by 11.6% in the third quarter. Franklin Resources Inc. now owns 79,571 shares of the savings and loans company's stock valued at $1,466,000 after acquiring an additional 8,253 shares in the last quarter. JPMorgan Chase & Co. increased its position in OceanFirst Financial by 14.6% during the third quarter. JPMorgan Chase & Co. now owns 1,241,191 shares of the savings and loans company's stock worth $23,074,000 after acquiring an additional 157,711 shares during the period. Versant Capital Management Inc raised its stake in OceanFirst Financial by 1,036.4% in the 4th quarter. Versant Capital Management Inc now owns 1,466 shares of the savings and loans company's stock worth $27,000 after purchasing an additional 1,337 shares in the last quarter. Finally, CWA Asset Management Group LLC bought a new stake in OceanFirst Financial in the 4th quarter valued at about $226,000. 70.98% of the stock is owned by institutional investors and hedge funds.

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.