OceanFirst Financial (OCFC) Expected to Announce Quarterly Earnings on Thursday

OceanFirst Financial (NASDAQ:OCFC) is projected to issue its Q2 2025 quarterly earnings data after the market closes on Thursday, July 24th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $101.26 million for the quarter.

OceanFirst Financial (NASDAQ:OCFC) last announced its quarterly earnings data on Thursday, April 24th. The savings and loans company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $97.91 million for the quarter, compared to the consensus estimate of $95.66 million. OceanFirst Financial had a net margin of 13.59% and a return on equity of 5.38%. On average, analysts expect OceanFirst Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

OceanFirst Financial Stock Up 0.5%

Shares of NASDAQ OCFC opened at $18.29 on Thursday. The business has a 50-day moving average of $17.47 and a two-hundred day moving average of $17.34. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 11.95 and a beta of 0.99. OceanFirst Financial has a 1 year low of $14.29 and a 1 year high of $21.87.

OceanFirst Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 5th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend was Monday, May 5th. OceanFirst Financial’s dividend payout ratio is currently 52.29%.

Institutional Investors Weigh In On OceanFirst Financial

A number of institutional investors and hedge funds have recently bought and sold shares of OCFC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in OceanFirst Financial by 8.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,122 shares of the savings and loans company’s stock valued at $2,417,000 after purchasing an additional 11,262 shares during the last quarter. Empowered Funds LLC increased its stake in shares of OceanFirst Financial by 5.5% during the 1st quarter. Empowered Funds LLC now owns 140,481 shares of the savings and loans company’s stock valued at $2,390,000 after acquiring an additional 7,359 shares during the last quarter. Jane Street Group LLC boosted its position in shares of OceanFirst Financial by 107.0% in the first quarter. Jane Street Group LLC now owns 88,353 shares of the savings and loans company’s stock worth $1,503,000 after acquiring an additional 45,673 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of OceanFirst Financial by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,193 shares of the savings and loans company’s stock worth $582,000 after acquiring an additional 1,461 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Raymond James Financial dropped their price target on shares of OceanFirst Financial from $24.00 to $21.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods reduced 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 note on Monday, April 28th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $20.67.

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.