What is DA Davidson’s Forecast for OCFC FY2025 Earnings?

OceanFirst Financial Corp. (NASDAQ:OCFC) – Research analysts at DA Davidson increased their FY2025 EPS estimates for OceanFirst Financial in a research note issued to investors on Monday, October 27th. DA Davidson analyst P. Winter now forecasts that the savings and loans company will earn $1.36 per share for the year, up from their previous estimate of $1.32. DA Davidson currently has a “Buy” rating and a $19.00 target price on the stock. The consensus estimate for OceanFirst Financial’s current full-year earnings is $1.60 per share. DA Davidson also issued estimates for OceanFirst Financial’s Q4 2025 earnings at $0.33 EPS and FY2026 earnings at $1.86 EPS.

OceanFirst Financial (NASDAQ:OCFC) last announced its earnings results on Wednesday, June 14th. The savings and loans company reported $0.49 earnings per share for the quarter. The business had revenue of $93.08 million during the quarter. OceanFirst Financial had a net margin of 11.77% and a return on equity of 5.00%.

Several other research analysts also recently weighed in on OCFC. Weiss Ratings restated a “hold (c)” rating on shares of OceanFirst Financial in a research note on Wednesday, October 8th. Raymond James Financial restated a “strong-buy” rating and issued a $23.00 target price (up from $21.00) on shares of OceanFirst Financial in a research note on Monday. Keefe, Bruyette & Woods raised shares of OceanFirst Financial from a “market perform” rating to an “outperform” rating and upped their price target for the company from $20.00 to $22.00 in a report on Friday, October 10th. Finally, Zacks Research cut shares of OceanFirst Financial from a “hold” rating to a “strong sell” rating in a report on Monday, September 1st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, OceanFirst Financial has an average rating of “Moderate Buy” and a consensus target price of $21.60.

OceanFirst Financial Price Performance

Shares of OCFC stock opened at $18.59 on Tuesday. The company has a market capitalization of $1.07 billion, a PE ratio of 14.41 and a beta of 1.02. The firm has a fifty day simple moving average of $18.10 and a 200-day simple moving average of $17.47. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.70. OceanFirst Financial has a twelve month low of $14.29 and a twelve month high of $21.87.

OceanFirst Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, November 3rd. OceanFirst Financial’s dividend payout ratio is 62.02%.

Institutional Trading of OceanFirst Financial

A number of institutional investors and hedge funds have recently modified their holdings of the business. CANADA LIFE ASSURANCE Co raised its holdings in shares of OceanFirst Financial by 7.0% during the second quarter. CANADA LIFE ASSURANCE Co now owns 10,285 shares of the savings and loans company’s stock valued at $181,000 after acquiring an additional 673 shares during the period. Hsbc Holdings PLC lifted its position in shares of OceanFirst Financial by 2.9% in the first quarter. Hsbc Holdings PLC now owns 26,272 shares of the savings and loans company’s stock worth $448,000 after purchasing an additional 734 shares in the last quarter. EMC Capital Management lifted its position in shares of OceanFirst Financial by 8.7% in the second quarter. EMC Capital Management now owns 9,952 shares of the savings and loans company’s stock worth $175,000 after purchasing an additional 800 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of OceanFirst Financial by 4.5% in the second quarter. The Manufacturers Life Insurance Company now owns 20,548 shares of the savings and loans company’s stock worth $362,000 after purchasing an additional 885 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in shares of OceanFirst Financial by 6.1% in the second quarter. Harbor Capital Advisors Inc. now owns 21,961 shares of the savings and loans company’s stock worth $387,000 after purchasing an additional 1,257 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

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.