Equities Analysts Set Expectations for OCFC Q2 Earnings

OceanFirst Financial Corp. (NASDAQ:OCFC) – Equities researchers at DA Davidson issued their Q2 2025 earnings estimates for OceanFirst Financial in a research report issued on Tuesday, April 29th. DA Davidson analyst M. Navas expects that the savings and loans company will post earnings of $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.

A number of other analysts have also recently commented on OCFC. Keefe, Bruyette & Woods cut their target price on shares of OceanFirst Financial from $21.00 to $20.00 and set a “market perform” rating for the company in a research note on Monday. 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 note on Monday, January 27th. 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 research report on Wednesday, April 2nd. Finally, Stephens reiterated an “equal weight” rating and set a $22.00 price target 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 given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $20.67.

OceanFirst Financial Stock Down 1.1 %

OceanFirst Financial stock opened at $16.56 on Wednesday. OceanFirst Financial has a 12 month low of $14.03 and a 12 month high of $21.87. The stock has a market capitalization of $966.79 million, a PE ratio of 10.04 and a beta of 0.94. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.01 and a quick ratio of 1.00. The business has a 50 day simple moving average of $16.55 and a 200-day simple moving average of $18.08.

OceanFirst Financial (NASDAQ:OCFC) last announced its quarterly earnings results 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. The firm 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 5.75% and a net margin of 14.45%.

OceanFirst Financial Dividend Announcement

The business also recently declared 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 is Monday, May 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.83%. OceanFirst Financial’s dividend payout ratio (DPR) is presently 52.29%.

Hedge Funds Weigh In On OceanFirst Financial

Institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its stake in shares of 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 acquiring an additional 1,337 shares during the last quarter. Sterling Capital Management LLC increased its position in OceanFirst Financial by 807.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,843 shares of the savings and loans company’s stock worth $33,000 after purchasing an additional 1,640 shares during the last quarter. Quarry LP purchased a new position in OceanFirst Financial during the fourth quarter worth about $57,000. Venturi Wealth Management LLC acquired a new position in OceanFirst Financial in the 4th quarter valued at about $65,000. Finally, Global Retirement Partners LLC grew its stake in shares of OceanFirst Financial by 1,009.6% in the 4th quarter. Global Retirement Partners LLC now owns 5,548 shares of the savings and loans company’s stock valued at $100,000 after buying an additional 5,048 shares during the period. 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.