Equities Analysts Set Expectations for OCFC Q2 Earnings

OceanFirst Financial Corp. (NASDAQ:OCFC) – Research analysts at DA Davidson raised their Q2 2025 earnings per share estimates for OceanFirst Financial in a research report issued on Tuesday, July 1st. DA Davidson analyst M. Navas now anticipates that the savings and loans company will post earnings of $0.32 per share for the quarter, up from their previous estimate of $0.30. The consensus estimate for OceanFirst Financial’s current full-year earnings is $1.60 per share.

OceanFirst Financial (NASDAQ:OCFC) last posted its earnings results on Thursday, April 24th. The savings and loans company reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. OceanFirst Financial had a net margin of 13.59% and a return on equity of 5.38%. The firm had revenue of $97.91 million for the quarter, compared to analyst estimates of $95.66 million.

Several other research analysts have also issued reports on the company. Raymond James Financial lowered their target price on OceanFirst Financial from $24.00 to $21.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their price objective 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. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.67.

OceanFirst Financial Price Performance

Shares of NASDAQ:OCFC opened at $18.77 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.00. OceanFirst Financial has a 52 week low of $14.29 and a 52 week high of $21.87. The firm has a market cap of $1.10 billion, a PE ratio of 12.26 and a beta of 0.99. The firm’s fifty day moving average is $17.11 and its 200-day moving average is $17.30.

Institutional Investors Weigh In On OceanFirst Financial

Several large investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC lifted its stake in OceanFirst Financial by 807.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,843 shares of the savings and loans company’s stock valued at $33,000 after buying an additional 1,640 shares during the period. Quarry LP bought a new stake in shares of OceanFirst Financial in the 4th quarter valued at $57,000. Cary Street Partners Financial LLC acquired a new position in shares of OceanFirst Financial during the 4th quarter valued at $183,000. Aigen Investment Management LP bought a new position in OceanFirst Financial during the first quarter worth $175,000. Finally, Farther Finance Advisors LLC boosted its stake in OceanFirst Financial by 911.7% during the fourth quarter. Farther Finance Advisors LLC now owns 10,542 shares of the savings and loans company’s stock worth $191,000 after acquiring an additional 9,500 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

OceanFirst Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date was Monday, May 5th. OceanFirst Financial’s dividend payout ratio is 52.29%.

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.