OceanFirst Financial Corp. (NASDAQ:OCFC – Free Report) – Research analysts at DA Davidson issued their Q4 2024 EPS estimates for OceanFirst Financial in a report released on Tuesday, October 22nd. DA Davidson analyst M. Navas expects that the savings and loans company will earn $0.33 per share for the quarter. The consensus estimate for OceanFirst Financial’s current full-year earnings is $1.58 per share. DA Davidson also issued estimates for OceanFirst Financial’s FY2025 earnings at $1.65 EPS.
OCFC has been the topic of several other reports. Piper Sandler set a $17.00 price objective on OceanFirst Financial and gave the stock a “neutral” rating in a research note on Friday, October 18th. Hovde Group boosted their target price on OceanFirst Financial from $19.50 to $21.50 and gave the company an “outperform” rating in a research report on Friday, September 20th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $19.30.
OceanFirst Financial Stock Performance
OceanFirst Financial stock opened at $17.99 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.74. OceanFirst Financial has a twelve month low of $12.01 and a twelve month high of $19.49. The company’s 50-day moving average price is $17.78 and its 200-day moving average price is $16.41. The company has a market cap of $1.05 billion, a PE ratio of 10.28 and a beta of 1.01.
OceanFirst Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date is Monday, November 4th. OceanFirst Financial’s payout ratio is currently 45.71%.
Hedge Funds Weigh In On OceanFirst Financial
Hedge funds have recently bought and sold shares of the business. Innealta Capital LLC purchased a new stake in shares of OceanFirst Financial during the second quarter valued at $25,000. Acadian Asset Management LLC purchased a new stake in OceanFirst Financial in the 1st quarter valued at about $39,000. Meeder Asset Management Inc. bought a new position in OceanFirst Financial in the 2nd quarter worth about $62,000. EMC Capital Management purchased a new position in shares of OceanFirst Financial during the first quarter worth approximately $150,000. Finally, CWM LLC raised its stake in shares of OceanFirst Financial by 437.0% during the second quarter. CWM LLC now owns 10,525 shares of the savings and loans company’s stock valued at $167,000 after acquiring an additional 8,565 shares in the last quarter. 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.
See Also
- Five stocks we like better than OceanFirst Financial
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- Stock Market Sectors: What Are They and How Many Are There?
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- Conference Calls and Individual Investors
- Tesla Stock: Buy the Dips, Sell the Rips
Receive News & Ratings for OceanFirst Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OceanFirst Financial and related companies with MarketBeat.com's FREE daily email newsletter.
