OceanFirst Financial Corp. (NASDAQ:OCFC - Free Report) - Equities research analysts at DA Davidson issued their Q4 2024 earnings per share estimates for shares of OceanFirst Financial in a report released on Tuesday, October 22nd. DA Davidson analyst M. Navas anticipates that the savings and loans company will earn $0.33 per share for the quarter. The consensus estimate for OceanFirst Financial's current full-year earnings is $1.58 per share. DA Davidson also issued estimates for OceanFirst Financial's FY2025 earnings at $1.65 EPS.
A number of other research analysts have also weighed in on the stock. Piper Sandler set a $17.00 price objective on shares of OceanFirst Financial and gave the company a "neutral" rating in a research note on Friday, October 18th. Hovde Group raised their price target on shares of OceanFirst Financial from $19.50 to $21.50 and gave the company an "outperform" rating in a research report on Friday, September 20th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $19.30.
Get Our Latest Analysis on OCFC
OceanFirst Financial Price Performance
Shares of NASDAQ:OCFC opened at $18.14 on Wednesday. The stock's 50 day moving average is $17.70 and its 200-day moving average is $16.39. OceanFirst Financial has a twelve month low of $12.01 and a twelve month high of $19.49. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 10.61 and a beta of 1.01.
OceanFirst Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend is Monday, November 4th. OceanFirst Financial's dividend payout ratio (DPR) is currently 46.78%.
Hedge Funds Weigh In On OceanFirst Financial
Several institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP raised its stake in shares of OceanFirst Financial by 455.5% in the first quarter. GSA Capital Partners LLP now owns 71,704 shares of the savings and loans company's stock valued at $1,177,000 after buying an additional 58,795 shares during the period. Boston Partners increased its holdings in OceanFirst Financial by 3.2% in the 1st quarter. Boston Partners now owns 1,391,127 shares of the savings and loans company's stock worth $22,505,000 after acquiring an additional 42,966 shares during the last quarter. Russell Investments Group Ltd. raised its stake in OceanFirst Financial by 59,216.3% in the 1st quarter. Russell Investments Group Ltd. now owns 51,012 shares of the savings and loans company's stock valued at $837,000 after acquiring an additional 50,926 shares during the period. Vanguard Group Inc. lifted its holdings in OceanFirst Financial by 3.1% during the first quarter. Vanguard Group Inc. now owns 3,475,107 shares of the savings and loans company's stock valued at $57,027,000 after purchasing an additional 105,764 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in OceanFirst Financial by 32.6% during the second quarter. Thrivent Financial for Lutherans now owns 272,243 shares of the savings and loans company's stock worth $4,326,000 after purchasing an additional 66,918 shares during the period. Hedge funds and other institutional investors own 70.98% of the company's stock.
About OceanFirst Financial
(
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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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