Research Analysts Set Expectations for OCFC FY2026 Earnings

OceanFirst Financial Corp. (NASDAQ:OCFC) – Stock analysts at DA Davidson raised their FY2026 EPS estimates for shares of OceanFirst Financial in a research report issued on Tuesday, April 29th. DA Davidson analyst M. Navas now expects that the savings and loans company will post earnings per share of $2.05 for the year, up from their previous estimate of $1.90. The consensus estimate for OceanFirst Financial’s current full-year earnings is $1.60 per share.

OceanFirst Financial (NASDAQ:OCFC) last issued its quarterly earnings results on Thursday, April 24th. The savings and loans company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. OceanFirst Financial had a return on equity of 5.75% and a net margin of 14.45%. The business had revenue of $97.91 million for the quarter, compared to analyst estimates of $95.66 million.

OCFC has been the topic of a number of other research reports. Stephens reaffirmed an “equal weight” rating and issued a $22.00 price target on shares of OceanFirst Financial in a report on Friday, January 24th. Hovde Group cut their price target on OceanFirst Financial from $23.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, January 27th. Keefe, Bruyette & Woods lowered their price objective on OceanFirst Financial from $21.00 to $20.00 and set a “market perform” rating on the stock in a research note on Monday. Finally, Raymond James cut their target price on shares of 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. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.67.

OceanFirst Financial Price Performance

OCFC opened at $16.67 on Thursday. The firm has a market cap of $973.21 million, a P/E ratio of 10.10 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 has a fifty-two week low of $14.03 and a fifty-two week high of $21.87. The firm has a 50-day moving average of $16.53 and a 200 day moving average of $18.07.

Hedge Funds Weigh In On OceanFirst Financial

A number of hedge funds and other institutional investors have recently modified their holdings of OCFC. Versant Capital Management Inc grew its holdings in shares of OceanFirst Financial by 1,036.4% during the 4th quarter. Versant Capital Management Inc now owns 1,466 shares of the savings and loans company’s stock valued at $27,000 after purchasing an additional 1,337 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of 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 worth $33,000 after buying an additional 1,640 shares during the period. Quarry LP purchased a new position in shares of OceanFirst Financial in the fourth quarter worth about $57,000. Venturi Wealth Management LLC bought a new stake in shares of OceanFirst Financial in the 4th quarter valued at about $65,000. Finally, Global Retirement Partners LLC grew its position in OceanFirst Financial by 1,009.6% during the 4th quarter. Global Retirement Partners LLC now owns 5,548 shares of the savings and loans company’s stock worth $100,000 after acquiring an additional 5,048 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

OceanFirst Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Monday, May 5th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $0.80 dividend on an annualized basis and a yield of 4.80%. OceanFirst Financial’s payout ratio is 52.29%.

OceanFirst Financial Company Profile

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.