OceanFirst Financial (NASDAQ:OCFC) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, January 25th. Analysts expect the company to announce earnings of $0.46 per share for the quarter.

OceanFirst Financial (NASDAQ:OCFC) last posted its quarterly earnings results on Thursday, October 26th. The savings and loans company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. OceanFirst Financial had a net margin of 18.59% and a return on equity of 8.87%. The business had revenue of $50.42 million for the quarter, compared to analysts’ expectations of $50.41 million. 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 (OCFC) opened at $27.93 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.94 and a current ratio of 0.94. OceanFirst Financial has a fifty-two week low of $24.02 and a fifty-two week high of $30.65. The company has a market cap of $915.24, a price-to-earnings ratio of 23.28, a PEG ratio of 1.56 and a beta of 0.60.

OCFC has been the topic of several research analyst reports. DA Davidson initiated coverage on shares of OceanFirst Financial in a report on Thursday, September 21st. They set a “buy” rating and a $31.00 price target on the stock. Sandler O’Neill upgraded shares of OceanFirst Financial from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Wednesday, September 20th. Piper Jaffray Companies reiterated a “buy” rating and issued a $31.00 price objective on shares of OceanFirst Financial in a report on Friday, October 27th. ValuEngine upgraded shares of OceanFirst Financial from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Hovde Group began coverage on shares of OceanFirst Financial in a report on Monday, October 9th. They issued an “outperform” rating and a $32.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $31.83.

In related news, Director Steven E. Brady sold 2,800 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $27.65, for a total value of $77,420.00. Following the completion of the sale, the director now directly owns 72,562 shares in the company, valued at $2,006,339.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.00% of the company’s stock.

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OceanFirst Financial Company Profile

OceanFirst Financial Corp. is a holding company for OceanFirst Bank (the Bank). The Company is a savings and loan holding company. The Bank’s principal business is attracting retail and business deposits in the communities surrounding its branch offices and investing those deposits primarily in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate and other commercial loans.

Earnings History for OceanFirst Financial (NASDAQ:OCFC)

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