OceanFirst Financial (OCFC) Projected to Post Earnings on Thursday

OceanFirst Financial (NASDAQ:OCFCGet Free Report) will likely be posting 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. Persons that wish to register for the company’s earnings conference call can do so using this link.

OceanFirst Financial Stock Performance

NASDAQ:OCFC opened at $18.76 on Tuesday. The firm has a market capitalization of $1.10 billion, a PE ratio of 10.72 and a beta of 1.06. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.79. OceanFirst Financial has a 1 year low of $14.03 and a 1 year high of $21.87. The firm’s fifty day simple moving average is $19.24 and its 200 day simple moving average is $18.21.

Insider Activity

In other news, Director Joseph M. Jr. Murphy sold 1,500 shares of OceanFirst Financial stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $20.03, for a total transaction of $30,045.00. Following the sale, the director now directly owns 177,417 shares in the company, valued at approximately $3,553,662.51. The trade was a 0.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OCFC. DA Davidson reiterated a “neutral” rating and issued a $22.00 price objective on shares of OceanFirst Financial in a research note on Wednesday, December 4th. Keefe, Bruyette & Woods upped their price target on OceanFirst Financial from $21.00 to $22.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler set a $17.00 price objective on OceanFirst Financial and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, 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. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.42.

Read Our Latest Report on OCFC

OceanFirst Financial Company Profile

(Get Free Report)

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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Earnings History for OceanFirst Financial (NASDAQ:OCFC)

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