OceanFirst Financial (OCFC) Expected to Announce Quarterly Earnings on Thursday

OceanFirst Financial (NASDAQ:OCFC) is expected to post its quarterly earnings results after the market closes on Thursday, January 23rd. Analysts expect OceanFirst Financial to post earnings of $0.36 per share and revenue of $94,945.50 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

OceanFirst Financial Price Performance

Shares of OCFC stock opened at $19.15 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.01 and a quick ratio of 1.00. The company has a market capitalization of $1.12 billion, a P/E ratio of 10.94 and a beta of 1.06. The company’s 50-day simple moving average is $19.24 and its two-hundred day simple moving average is $18.21. OceanFirst Financial has a one year low of $14.03 and a one year high of $21.87.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. DA Davidson reaffirmed a “neutral” rating and issued a $22.00 price target on shares of OceanFirst Financial in a research report on Wednesday, December 4th. Raymond James raised shares of OceanFirst Financial from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods increased their target price on shares of OceanFirst Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Piper Sandler set a $17.00 target price on shares of OceanFirst Financial and gave the company a “neutral” rating in a research report on Friday, October 18th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.42.

Insider Activity at OceanFirst Financial

In other OceanFirst Financial news, Director Joseph M. Jr. Murphy sold 1,500 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $20.03, for a total transaction of $30,045.00. Following the transaction, the director now directly owns 177,417 shares of the company’s stock, valued at $3,553,662.51. This trade represents a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.00% of the stock is owned by company insiders.

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.