OceanFirst Financial Stock (NASDAQ: OCFC)

Dernières nouvelles pour OceanFirst Financial (NASDAQ:OCFC) Stock

OceanFirst Financial

OceanFirst Financial Corp is engaged in the banking sector of the United States. It conducts the business of attracting retail and business deposits and investing them in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate loans. The company's sole segment deals with the delivery of loan and deposit products to customers. The bank's revenues are derived principally from interest on its loans, and to a lesser extent, interest on its investment and mortgage-backed securities. The rest of its income is dependent on bank card services and wealth management products and services.

OceanFirst Financial Corp. - Common Stock

OceanFirst Financial Corp

OceanFirst Financial Corp. - Depositary Shares

OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) reported quarterly earnings of $0.35 per share which met the analyst consensus estimate. This is a 20.45 percent decrease over earnings of $0.44 per share from the same period last year. The company reported quarterly sales of $86.65 million which beat the analyst consensus estimate of $83.94 million by 3.23 percent. This is a 0.50 percent increase over sales of $86.22 million the same period last year.

Earnings

Earnings Beats

News

OCFC

OceanFirst Financial Q1 Adj. EPS $0.35, Inline, Sales $86.65M Beat $83.94M Estimate

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APPF

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BCPC

BELFA

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BFST

BHLB

BWMX

CBRE

CIVB

CMCSA

CNOB

COUR

CUBI

CURB

DAIO

DGICA

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ERIE

FARO

FBIZ

FCFS

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GOOGL

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Earnings Scheduled For April 24, 2025

OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) is gearing up to announce its quarterly earnings on Thursday, 2025-04-24. Here's a quick overview of what investors should know before the release.
Analysts are estimating that OceanFirst Financial will report an earnings per share (EPS) of $0.35.
The market awaits OceanFirst Financial's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Earnings History Snapshot</h3>
In the previous earnings release, the company beat EPS by $0.01, leading to a 1.78% drop in the share price the following trading session.
Here's a look at OceanFirst Financial's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.37</td>
<td>0.38</td>
<td>0.43</td>
<td>0.41</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.38</td>
<td>0.39</td>
<td>0.39</td>
<td>0.44</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>-2.0%</td>
<td>-5.0%</td>
<td>4.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1745438490_0.png" alt="eps graph" />
<h3>Market Performance of OceanFirst Financial's Stock</h3>
Shares of OceanFirst Financial were trading at $16.22 as of April 22. Over the last 52-week period, shares are up 7.42%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/OCFC/earnings">To track all earnings releases for OceanFirst Financial visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Look at OceanFirst Financial's Upcoming Earnings Report

<h3>Gainers</h3>
<ul>
<li>AGM Group Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGMH#NASDAQ">AGMH</a>) stock increased by 151.0% to $0.08 during Wednesday's pre-market session. The company's market cap stands at $3.2 million. </li>
<li>Reliance Global Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) shares increased by 13.01% to $1.13. The company's market cap stands at $3.3 million. </li>
<li>Republic Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBCAA#NASDAQ">RBCAA</a>) stock increased by 11.86% to $73.99. The market value of their outstanding shares is at $1.4 billion. </li>
<li>MicroSectors FANG Index 3X Leveraged ETNs due January 8, 2038 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNGA#NYSE">FNGA</a>) shares increased by 11.74% to $330.27. </li>
<li>Webull (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BULL#NASDAQ">BULL</a>) stock rose 11.59% to $26.2. The company's market cap stands at $12.0 billion. </li>
<li>OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) stock increased by 10.91% to $17.99. The market value of their outstanding shares is at $1.0 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>MicroSectors FANG Index -3X Inverse Leveraged ETNs due January 8, 2038 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNGD#NYSE">FNGD</a>) shares declined by 10.7% to $14.6 during Wednesday's pre-market session. </li>
<li>Top KingWin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAI#NASDAQ">WAI</a>) stock declined by 9.63% to $0.14. The market value of their outstanding shares is at $26.4 million. </li>
<li>Horizon Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBNC#NASDAQ">HBNC</a>) stock fell 8.11% to $12.81. The company's market cap stands at $563.8 million. The company's, Q1 earnings came out today. </li>
<li>Santech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STEC#NASDAQ">STEC</a>) shares fell 7.99% to $0.88. The company's market cap stands at $24.6 million. </li>
<li>Forge Global Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRGE#NYSE">FRGE</a>) shares decreased by 6.86% to $11.0. The market value of their outstanding shares is at $137.9 million. </li>
<li>AMTD IDEA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMTD#NYSE">AMTD</a>) stock declined by 6.67% to $0.98. The market value of their outstanding shares is at $64.7 million. 
See Also: <a href="http://www.benzinga.com/money/best-financial-services-stocks/" title="www.benzinga.com/money/best-financial-services-stocks/">www.benzinga.com/money/best-financial-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

AGMH

AMTD

BULL

FNGA

FNGD

FRGE

HBNC

RBCAA

RELI

STEC

12 Financials Stocks Moving In Wednesday's Pre-Market Session

Raymond James analyst Daniel Tamayo maintains OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) with a Strong Buy and lowers the price target from $24 to $21.

Price Target

Analyst Ratings

Raymond James Maintains Strong Buy on OceanFirst Financial, Lowers Price Target to $21

4 analysts have expressed a variety of opinions on OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for OceanFirst Financial, presenting an average target of $22.0, a high estimate of $22.00, and a low estimate of $22.00. This upward trend is apparent, with the current average reflecting a 3.53% increase from the previous average price target of $21.25.
<img src="https://www.benzinga.com/files/images/story/2025/1737752433_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The perception of OceanFirst Financial by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Matt Breese</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$22.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Timothy Switzer</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$22.00</td>
<td>$21.00</td>
</tr>
<tr>
<td>Manuel Navas</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$22.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Manuel Navas</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Neutral</td>
<td>$22.00</td>
<td>$20.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to OceanFirst Financial. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of OceanFirst Financial compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of OceanFirst Financial's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into OceanFirst Financial's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/OCFC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on OceanFirst Financial analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Get to Know OceanFirst Financial Better</h2>
OceanFirst Financial Corp is engaged in the banking sector of the United States. It conducts the business of attracting retail and business deposits and investing them in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate loans. The company's sole segment deals with the delivery of loan and deposit products to customers. The bank's revenues are derived principally from interest on its loans, and to a lesser extent, interest on its investment and mortgage-backed securities. The rest of its income is dependent on bank card services and wealth management services.
<h3>Financial Insights: OceanFirst Financial</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: OceanFirst Financial's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2024, the company experienced a revenue decline of approximately -4.82%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: OceanFirst Financial's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 25.18%, the company may face hurdles in effective cost management.
Return on Equity (ROE): OceanFirst Financial's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 1.43%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.18%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: OceanFirst Financial's debt-to-equity ratio surpasses industry norms, standing at 0.77. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>Analyst Ratings: What Are They?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse Into The Expert Outlook On OceanFirst Financial Through 4 Analysts

Stephens &amp; Co. analyst Matt Breese reiterates OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) with a Equal-Weight and maintains $22 price target.

Reiteration

Stephens & Co. Reiterates Equal-Weight on OceanFirst Financial, Maintains $22 Price Target

OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) released its Q4 earnings on Thursday, January 23, 2025 at 04:15 PM.
Here's what's important from the earnings announcement.
<h3>Earnings</h3>
OceanFirst Financial beat estimated earnings by 3.0%, reporting an EPS of $0.38 versus an estimate of $0.37.
Revenue was down $4.50 million from the same period last year.
<h3>Earnings History Overview</h3>
The company beat on EPS by $0.01 in the previous quarter, leading to a 2.0% drop share price change the next day.
Here's a look at OceanFirst Financial's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.38</td>
<td>0.43</td>
<td>0.41</td>
<td>0.43</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.39</td>
<td>0.39</td>
<td>0.44</td>
<td>0.45</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>83.18M</td>
<td>85.46M</td>
<td>87.40M</td>
<td>90.36M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>82.22M</td>
<td>82.26M</td>
<td>86.22M</td>
<td>87.82M</td>
</tr>
</tbody>
</table>

To track all earnings releases for OceanFirst Financial <a href="https://www.benzinga.com/quote/OCFC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Summary: OceanFirst Financial Q4

The earnings results for OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) for Q4 were made public on Thursday, January 23, 2025 at 04:15 PM.
Here's a comprehensive overview of the announcement.
<h3>Earnings</h3>
OceanFirst Financial beat estimated earnings by 3.0%, reporting an EPS of $0.38 versus an estimate of $0.37.
Revenue was down $4.50 million from the same period last year.
<h3>Historical Earnings Summary</h3>
During the previous quarter, the company beat on EPS by $0.01, leading to a 2.0% drop share price change the next day.
Here's a look at OceanFirst Financial's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.38</td>
<td>0.43</td>
<td>0.41</td>
<td>0.43</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.39</td>
<td>0.39</td>
<td>0.44</td>
<td>0.45</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>83.18M</td>
<td>85.46M</td>
<td>87.40M</td>
<td>90.36M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>82.22M</td>
<td>82.26M</td>
<td>86.22M</td>
<td>87.82M</td>
</tr>
</tbody>
</table>

To track all earnings releases for OceanFirst Financial <a href="https://www.benzinga.com/quote/OCFC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insights into OceanFirst Financial Q4 Earnings

The Q4 earnings report for OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) was released on Thursday, January 23, 2025 at 04:15 PM.
Here's what investors need to know about the latest announcement.
<h3>Earnings</h3>
OceanFirst Financial beat estimated earnings by 3.0%, reporting an EPS of $0.38 versus an estimate of $0.37.
Revenue was down $4.50 million from the same period last year.
<h3>Historical Earnings Summary</h3>
Last quarter the company beat on EPS by $0.01 which was followed by a 2.0% drop in the share price the next day.
Here's a look at OceanFirst Financial's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.38</td>
<td>0.43</td>
<td>0.41</td>
<td>0.43</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.39</td>
<td>0.39</td>
<td>0.44</td>
<td>0.45</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>83.18M</td>
<td>85.46M</td>
<td>87.40M</td>
<td>90.36M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>82.22M</td>
<td>82.26M</td>
<td>86.22M</td>
<td>87.82M</td>
</tr>
</tbody>
</table>

To track all earnings releases for OceanFirst Financial <a href="https://www.benzinga.com/quote/OCFC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

OceanFirst Financial: Q4 Earnings Insights

The earnings results for OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) for Q4 were made public on Thursday, January 23, 2025 at 04:15 PM.
Here's a comprehensive overview of the announcement.
<h3>Earnings</h3>
OceanFirst Financial beat estimated earnings by 3.0%, reporting an EPS of $0.38 versus an estimate of $0.37.
Revenue was down $4.50 million from the same period last year.
<h3>Earnings History Overview</h3>
In the previous quarter, the company beat on EPS by $0.01, resulting in a 2.0% drop change in the share price the following day.
Here's a look at OceanFirst Financial's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.38</td>
<td>0.43</td>
<td>0.41</td>
<td>0.43</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.39</td>
<td>0.39</td>
<td>0.44</td>
<td>0.45</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>83.18M</td>
<td>85.46M</td>
<td>87.40M</td>
<td>90.36M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>82.22M</td>
<td>82.26M</td>
<td>86.22M</td>
<td>87.82M</td>
</tr>
</tbody>
</table>

To track all earnings releases for OceanFirst Financial <a href="https://www.benzinga.com/quote/OCFC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

OceanFirst Financial Earnings Analysis: Q4 Recap

OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) just disclosed its Q4 earnings on Thursday, January 23, 2025 at 04:15 PM.
Here's a brief overview of the earnings report.
<h3>Earnings</h3>
OceanFirst Financial beat estimated earnings by 3.0%, reporting an EPS of $0.38 versus an estimate of $0.37.
Revenue was down $4.50 million from the same period last year.
<h3>Past Earnings Performance</h3>
The company beat on EPS by $0.01 in the last quarter, resulting in a 2.0% drop share price change the following day.
Here's a look at OceanFirst Financial's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.38</td>
<td>0.43</td>
<td>0.41</td>
<td>0.43</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.39</td>
<td>0.39</td>
<td>0.44</td>
<td>0.45</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>83.18M</td>
<td>85.46M</td>
<td>87.40M</td>
<td>90.36M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>82.22M</td>
<td>82.26M</td>
<td>86.22M</td>
<td>87.82M</td>
</tr>
</tbody>
</table>

To track all earnings releases for OceanFirst Financial <a href="https://www.benzinga.com/quote/OCFC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Breakdown: OceanFirst Financial Q4

OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) released its Q4 earnings on Thursday, January 23, 2025 at 04:15 PM.
Here's what's important from the earnings announcement.
<h3>Earnings</h3>
OceanFirst Financial beat estimated earnings by 3.0%, reporting an EPS of $0.38 versus an estimate of $0.37.
Revenue was down $4.50 million from the same period last year.
<h3>Previous Earnings Records</h3>
During the previous quarter, the company beat on EPS by $0.01, leading to a 2.0% drop share price change the next day.
Here's a look at OceanFirst Financial's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.38</td>
<td>0.43</td>
<td>0.41</td>
<td>0.43</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.39</td>
<td>0.39</td>
<td>0.44</td>
<td>0.45</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>83.18M</td>
<td>85.46M</td>
<td>87.40M</td>
<td>90.36M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>82.22M</td>
<td>82.26M</td>
<td>86.22M</td>
<td>87.82M</td>
</tr>
</tbody>
</table>

To track all earnings releases for OceanFirst Financial <a href="https://www.benzinga.com/quote/OCFC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

OceanFirst Financial Q4 Earnings Assessment

OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) reported quarterly earnings of $0.38 per share which beat the analyst consensus estimate of $0.36 by 5.56 percent. This is a 15.56 percent decrease over earnings of $0.45 per share from the same period last year. The company reported quarterly sales of $83.329 million which missed the analyst consensus estimate of $85.152 million by 2.14 percent. This is a 5.12 percent decrease over sales of $87.824 million the same period last year.

Earnings Misses

OceanFirst Financial Q4 2024 Adj. EPS $0.38 Beats $0.36 Estimate, Sales $83.329M Miss $85.152M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Elevance Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>) is estimated to report quarterly earnings at $3.86 per share on revenue of $44.72 billion. 
• Chunghwa Telecom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHT#NYSE">CHT</a>) is projected to report earnings for its fourth quarter. 
• WNS (Hldgs) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WNS#NYSE">WNS</a>) is likely to report quarterly earnings at $1.04 per share on revenue of $332.22 million. 
• Pacific Premier Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPBI#NASDAQ">PPBI</a>) is likely to report quarterly earnings at $0.31 per share on revenue of $142.92 million. 
• OSI Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSIS#NASDAQ">OSIS</a>) is expected to report quarterly earnings at $2.33 per share on revenue of $406.61 million. 
• Union Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) is expected to report quarterly earnings at $2.78 per share on revenue of $6.15 billion. 
• Texas Capital Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBI#NASDAQ">TCBI</a>) is projected to report quarterly earnings at $1.08 per share on revenue of $283.78 million. 
• Old Republic Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORI#NYSE">ORI</a>) is projected to report quarterly earnings at $0.69 per share on revenue of $2.11 billion. 
• West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTBA#NASDAQ">WTBA</a>) is expected to report quarterly earnings at $0.40 per share on revenue of $21.42 million. 
• Valley Ntl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLY#NASDAQ">VLY</a>) is estimated to report quarterly earnings at $0.14 per share on revenue of $467.97 million. 
• MarineMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HZO#NYSE">HZO</a>) is projected to report quarterly loss at $0.18 per share on revenue of $485.52 million. 
• First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $236.55 million. 
• Novagold Resources (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NG#AMEX">NG</a>) is estimated to report earnings for its fourth quarter. 
• Northern Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) is estimated to report quarterly earnings at $2.00 per share on revenue of $1.93 billion. 
• Dr Reddy's Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDY#NYSE">RDY</a>) is estimated to report quarterly earnings at $0.19 per share on revenue of $964.48 million. 
• Amalgamated Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAL#NASDAQ">AMAL</a>) is estimated to report quarterly earnings at $0.87 per share on revenue of $81.90 million. 
• MakeMyTrip (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>) is likely to report quarterly earnings at $0.45 per share on revenue of $264.99 million. 
• Heritage Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HFWA#NASDAQ">HFWA</a>) is expected to report quarterly earnings at $0.44 per share on revenue of $60.71 million. 
• Dime Community Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCOM#NASDAQ">DCOM</a>) is likely to report quarterly earnings at $0.45 per share on revenue of $62.64 million. 
• McCormick &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKC#NYSE">MKC</a>) is expected to report quarterly earnings at $0.77 per share on revenue of $1.77 billion. 
• American Airlines Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) is projected to report quarterly earnings at $0.39 per share on revenue of $13.13 billion. 
• TAL Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAL#NYSE">TAL</a>) is expected to report quarterly earnings at $0.06 per share on revenue of $539.86 million. 
• Global X Guru Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GURU#NYSE">GURU</a>) is projected to report quarterly loss at $0.09 per share on revenue of $7.55 million. 
• LSI Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYTS#NASDAQ">LYTS</a>) is estimated to report quarterly earnings at $0.20 per share on revenue of $129.20 million. 
• GATX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GATX#NYSE">GATX</a>) is likely to report quarterly earnings at $1.78 per share on revenue of $399.00 million. 
• Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBCP#NASDAQ">IBCP</a>) is estimated to report quarterly earnings at $0.76 per share on revenue of $48.94 million. 
• Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $6.27 billion. 
• Banc of California (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BANC#NYSE">BANC</a>) is expected to report quarterly earnings at $0.23 per share on revenue of $272.18 million. 
• GE Aero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) is likely to report quarterly earnings at $1.05 per share on revenue of $9.84 billion. 
• Atlantic Union Bankshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AUB#NYSE">AUB</a>) is estimated to report quarterly earnings at $0.79 per share on revenue of $222.26 million. 
<h3>Companies Reporting After The Bell</h3>
• Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) is projected to report quarterly earnings at $1.20 per share on revenue of $3.87 billion. 
• Covenant Logistics Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVLG#NYSE">CVLG</a>) is expected to report quarterly earnings at $0.50 per share on revenue of $284.91 million. 
• OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) is projected to report quarterly earnings at $0.36 per share on revenue of $94.95 million. 
• First Western Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYFW#NASDAQ">MYFW</a>) is expected to report quarterly earnings at $0.26 per share on revenue of $24.41 million. 
• SouthState (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSB#NYSE">SSB</a>) is expected to report quarterly earnings at $1.73 per share on revenue of $434.57 million. 
• Five Point Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FPH#NYSE">FPH</a>) is likely to report earnings for its fourth quarter. 
• USCB Financial Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USCB#NASDAQ">USCB</a>) is expected to report quarterly earnings at $0.37 per share on revenue of $22.41 million. 
• First Financial Bancor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFBC#NASDAQ">FFBC</a>) is projected to report quarterly earnings at $0.65 per share on revenue of $216.32 million. 
• First Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRBA#NASDAQ">FRBA</a>) is estimated to report quarterly earnings at $0.39 per share on revenue of $32.84 million. 
• SLM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) is expected to report quarterly earnings at $0.56 per share on revenue of $371.74 million. 
• MidWestOne Financial Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOFG#NASDAQ">MOFG</a>) is estimated to report quarterly earnings at $0.72 per share on revenue of $57.00 million. 
• Midland States Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSBI#NASDAQ">MSBI</a>) is likely to report quarterly earnings at $0.67 per share on revenue of $73.57 million. 
• Metropolitan Bank Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCB#NYSE">MCB</a>) is estimated to report quarterly earnings at $1.49 per share on revenue of $67.43 million. 
• Customers Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBI#NYSE">CUBI</a>) is estimated to report quarterly earnings at $1.20 per share on revenue of $164.07 million. 
• East West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) is expected to report quarterly earnings at $2.12 per share on revenue of $659.00 million. 
• Intuitive Surgical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) is estimated to report quarterly earnings at $1.75 per share on revenue of $2.20 billion. 
• Glacier Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBCI#NYSE">GBCI</a>) is projected to report quarterly earnings at $0.52 per share on revenue of $224.99 million. 
• Business First Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BFST#NASDAQ">BFST</a>) is likely to report quarterly earnings at $0.49 per share on revenue of $75.13 million. 
• SB Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBFG#NASDAQ">SBFG</a>) is expected to report quarterly earnings at $0.41 per share on revenue of $10.20 million. 
• Byline Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BY#NYSE">BY</a>) is projected to report quarterly earnings at $0.61 per share on revenue of $100.39 million. 
• Eastern Bankshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBC#NASDAQ">EBC</a>) is projected to report quarterly earnings at $0.34 per share on revenue of $184.71 million. 
• 1st Source (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRCE#NASDAQ">SRCE</a>) is likely to report quarterly earnings at $1.33 per share on revenue of $97.65 million. 
• Associated Banc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASB#NYSE">ASB</a>) is likely to report quarterly earnings at $0.52 per share on revenue of $337.81 million. 
• Columbia Banking System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>) is projected to report quarterly earnings at $0.66 per share on revenue of $489.74 million. 
• CSX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>) is likely to report quarterly earnings at $0.44 per share on revenue of $3.61 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For January 23, 2025

Keefe, Bruyette &amp; Woods analyst Timothy Switzer maintains OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) with a Market Perform and raises the price target from $21 to $22.

Keefe, Bruyette & Woods Maintains Market Perform on OceanFirst Financial, Raises Price Target to $22

DA Davidson analyst Manuel Navas maintains OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) with a Neutral and maintains $22 price target.

DA Davidson Maintains Neutral on OceanFirst Financial, Maintains $22 Price Target

DA Davidson analyst Manuel Navas maintains OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) with a Neutral and raises the price target from $20 to $22.

DA Davidson Maintains Neutral on OceanFirst Financial, Raises Price Target to $22

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Shares of banking-related companies are trading higher after Donald Trump won the US presidential election.

OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) reported quarterly earnings of $0.39 per share which beat the analyst consensus estimate of $0.38 by 2.63 percent. This is a 21.88 percent increase over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $82.22 million which missed the analyst consensus estimate of $83.18 million by 1.16 percent. This is a 9.65 percent decrease over sales of $91.00 million the same period last year.

OceanFirst Financial Q3 Adj $0.39 Beats $0.38 Estimate, Sales $82.22M Miss $83.18M Estimate

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