OceanFirst Financial (NASDAQ:OCFC) will release its earnings data after the market closes on Thursday, April 26th. Analysts expect OceanFirst Financial to post earnings of $0.38 per share for the quarter.
OceanFirst Financial (NASDAQ:OCFC) last announced its earnings results on Thursday, January 25th. The savings and loans company reported $0.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.45. OceanFirst Financial had a return on equity of 9.48% and a net margin of 19.67%. The company had revenue of $49.25 million for the quarter, compared to analyst estimates of $50.52 million. On average, analysts expect OceanFirst Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of OCFC opened at $26.17 on Thursday. OceanFirst Financial has a 52-week low of $24.02 and a 52-week high of $29.46. The company has a market capitalization of $1,272.16, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 1.35 and a beta of 0.53. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.59.
In other news, CAO Joseph R. Iantosca sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $26.40, for a total value of $132,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven E. Brady sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $26.02, for a total value of $520,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,505 shares of company stock worth $692,237. 7.00% of the stock is currently owned by corporate insiders.
A number of equities analysts have issued reports on OCFC shares. BidaskClub lowered OceanFirst Financial from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. ValuEngine lowered OceanFirst Financial from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $37.00 target price on shares of OceanFirst Financial in a research report on Friday, December 22nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $31.83.
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OceanFirst Financial Company Profile
OceanFirst Financial Corp. operates as the holding company for OceanFirst Bank N.A. that provides a range of community banking services. The company offers various deposit products to retail, government, and business customers, including money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits.
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