What is DA Davidson’s Estimate for OCFC FY2026 Earnings?

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

Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods cut their target price on shares of OceanFirst Financial from $21.00 to $20.00 and set a “market perform” rating for the company in a research report on Monday, April 28th. Stephens reiterated an “equal weight” rating and issued a $22.00 price objective on shares of OceanFirst Financial in a research note on Friday, January 24th. Raymond James dropped their target price on OceanFirst Financial from $24.00 to $21.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 2nd. Finally, Hovde Group reduced their price target on OceanFirst Financial from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Monday, January 27th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, OceanFirst Financial has a consensus rating of “Moderate Buy” and a consensus price target of $20.67.

OceanFirst Financial Trading Up 3.2 %

Shares of OCFC opened at $17.21 on Thursday. OceanFirst Financial has a fifty-two week low of $14.03 and a fifty-two week high of $21.87. The business has a 50-day moving average of $16.52 and a 200 day moving average of $18.06. The firm has a market cap of $1.00 billion, a P/E ratio of 10.43 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 (NASDAQ:OCFC) last released its earnings results on Thursday, April 24th. The savings and loans company reported $0.35 earnings per share (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 during the quarter, compared to the consensus estimate of $95.66 million.

OceanFirst Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Monday, May 5th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $0.80 annualized dividend and a dividend yield of 4.65%. OceanFirst Financial’s payout ratio is currently 52.29%.

Institutional Investors Weigh In On OceanFirst Financial

A number of institutional investors and hedge funds have recently made changes to their positions in OCFC. JPMorgan Chase & Co. increased its stake in OceanFirst Financial by 14.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,241,191 shares of the savings and loans company’s stock worth $23,074,000 after acquiring an additional 157,711 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of OceanFirst Financial by 27.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 140,665 shares of the savings and loans company’s stock worth $2,546,000 after purchasing an additional 30,373 shares in the last quarter. Barclays PLC increased its position in shares of OceanFirst Financial by 13.0% in the third quarter. Barclays PLC now owns 299,434 shares of the savings and loans company’s stock worth $5,566,000 after purchasing an additional 34,458 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in OceanFirst Financial by 28.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 29,519 shares of the savings and loans company’s stock valued at $534,000 after purchasing an additional 6,496 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in OceanFirst Financial by 1,036.4% during the fourth 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. Hedge funds and other institutional investors own 70.98% of the company’s stock.

About OceanFirst Financial

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.