Equities Analysts Set Expectations for OCFC FY2025 Earnings

OceanFirst Financial Corp. (NASDAQ:OCFC) – Equities researchers at DA Davidson reduced their FY2025 earnings estimates for shares of OceanFirst Financial in a research note issued on Friday, March 28th. DA Davidson analyst M. Navas now expects that the savings and loans company will post earnings of $1.55 per share for the year, down from their previous estimate of $1.60. DA Davidson has a “Neutral” rating and a $22.00 price objective on the stock. 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 FY2026 earnings at $1.90 EPS.

OCFC has been the topic of several other research reports. 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. Keefe, Bruyette & Woods raised their target price on OceanFirst Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Hovde Group reduced their price objective on OceanFirst Financial from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, January 27th. Finally, Raymond James raised shares of OceanFirst Financial from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Five 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.83.

OceanFirst Financial Trading Down 1.1 %

OCFC stock opened at $17.06 on Monday. OceanFirst Financial has a 12-month low of $14.03 and a 12-month high of $21.87. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.79. The business’s 50-day moving average is $17.76 and its 200 day moving average is $18.45. The stock has a market cap of $998.98 million, a price-to-earnings ratio of 10.34 and a beta of 1.03.

OceanFirst Financial (NASDAQ:OCFC) last posted its earnings results on Thursday, January 23rd. The savings and loans company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. OceanFirst Financial had a return on equity of 5.75% and a net margin of 14.45%.

OceanFirst Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend was Monday, February 3rd. OceanFirst Financial’s payout ratio is 48.48%.

Institutional Investors Weigh In On OceanFirst Financial

A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in shares of OceanFirst Financial by 14.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,241,191 shares of the savings and loans company’s stock valued at $23,074,000 after buying an additional 157,711 shares during the last quarter. Barclays PLC increased its position in shares of OceanFirst Financial by 13.0% during the 3rd quarter. Barclays PLC now owns 299,434 shares of the savings and loans company’s stock valued at $5,566,000 after purchasing an additional 34,458 shares during the period. Geode Capital Management LLC lifted its holdings in OceanFirst Financial by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,421,373 shares of the savings and loans company’s stock valued at $26,428,000 after acquiring an additional 27,579 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in OceanFirst Financial by 28.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 29,519 shares of the savings and loans company’s stock worth $534,000 after buying an additional 6,496 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of OceanFirst Financial by 1,036.4% during the fourth quarter. Versant Capital Management Inc now owns 1,466 shares of the savings and loans company’s stock valued at $27,000 after purchasing an additional 1,337 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

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.