OceanFirst Financial (OCFC) to Release Earnings on Thursday

OceanFirst Financial (NASDAQ:OCFCGet Free Report) is expected to announce its earnings results before the market opens on Thursday, April 17th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $95.66 million for the quarter.

OceanFirst Financial (NASDAQ:OCFCGet Free Report) last released its earnings results on Thursday, January 23rd. The savings and loans company reported $0.38 earnings per share (EPS) for the quarter, topping 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%. 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 3.6 %

OCFC stock opened at $15.29 on Tuesday. The stock has a fifty day moving average of $17.04 and a 200-day moving average of $18.23. OceanFirst Financial has a fifty-two week low of $14.03 and a fifty-two week high of $21.87. The company has a market capitalization of $895.34 million, a price-to-earnings ratio of 9.27 and a beta of 0.94. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.00 and a current ratio of 1.01.

OceanFirst Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 5.23%. OceanFirst Financial’s dividend payout ratio is presently 48.48%.

Analyst Ratings Changes

Several research firms have recently issued reports on OCFC. Hovde Group lowered their price target on shares of OceanFirst Financial from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, January 27th. Stephens reiterated an “equal weight” rating and set a $22.00 price objective on shares of OceanFirst Financial in a research note on Friday, January 24th. Finally, Raymond James cut their target price on OceanFirst Financial from $24.00 to $21.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 2nd. Five 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.00.

Get Our Latest Stock Analysis on OCFC

About OceanFirst Financial

(Get Free Report)

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.

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Earnings History for OceanFirst Financial (NASDAQ:OCFC)

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