OceanFirst Financial Corp.

OCFC

US6752341080

Banks

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
15.37 ^USD	+0.92%		+1.25%	-11.46%

Apr. 22	Keefe, Bruyette & Woods Adjusts Price Target on OceanFirst Financial to $19 From $22, Maintains Outperform Rating	MT
Apr. 19	Transcript : OceanFirst Financial Corp., Q1 2024 Earnings Call, Apr 19, 2024

OceanFirst Financial Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

October 19, 2023 at 04:15 pm EDT

OceanFirst Financial Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 91 million compared to USD 95.97 million a year ago. Net income was USD 20.67 million compared to USD 38.61 million a year ago. Basic earnings per share from continuing operations was USD 0.33 compared to USD 0.64 a year ago. Diluted earnings per share from continuing operations was USD 0.33 compared to USD 0.64 a year ago.
For the nine months, net interest income was USD 281.91 million compared to USD 270.99 million a year ago. Net income was USD 76.35 million compared to USD 93.33 million a year ago. Basic earnings per share from continuing operations was USD 1.24 compared to USD 1.54 a year ago. Diluted earnings per share from continuing operations was USD 1.24 compared to USD 1.53 a year ago.

Latest news about OceanFirst Financial Corp.

Keefe, Bruyette & Woods Adjusts Price Target on OceanFirst Financial to $19 From $22, Maintains Outperform Rating	Apr. 22	MT
Transcript : OceanFirst Financial Corp., Q1 2024 Earnings Call, Apr 19, 2024	Apr. 19
Tranche Update on OceanFirst Financial Corp.'s Equity Buyback Plan announced on June 25, 2021.	Apr. 18	CI
OceanFirst Financial Q1 Core Earnings, Revenue Decline	Apr. 18	MT
OceanFirst Financial Keeps Quarterly Cash Dividend at $0.20 a Share, Payable May 17 to Holders of Record May 6	Apr. 18	MT
Earnings Flash (OCFC) OCEANFIRST FINANCIAL Reports Q1 EPS $0.44, vs. Street Est of $0.41	Apr. 18	MT
Oceanfirst Financial Corp. Declares Quarterly Cash Dividend, Payable on May 17, 2024	Apr. 18	CI
OceanFirst Financial Corp. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 17	CI
OceanFirst Financial Corp. Announces Board Resignations	Apr. 11	CI
Real estate pain for US regional banks is piling up, say investors	Feb. 12	RE
Transcript : OceanFirst Financial Corp., Q4 2023 Earnings Call, Jan 19, 2024	Jan. 19
OceanFirst Financial Q4 Core Earnings, Revenue Decline	Jan. 18	MT
OceanFirst Financial Keeps Quarterly Cash Dividend at $0.20 a Share, Payable Feb. 16 to Holders of Record Feb. 5	Jan. 18	MT
Tranche Update on OceanFirst Financial Corp.'s Equity Buyback Plan announced on June 25, 2021.	Jan. 18	CI
Earnings Flash (OCFC) OCEANFIRST FINANCIAL Posts Q4 EPS $0.45, vs. Street Est of $0.43	Jan. 18	MT
OceanFirst Financial Corp. Reports Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2023	Jan. 18	CI
OceanFirst Financial Corp. Declares Quarterly Cash Dividend, Payable on February 16, 2024	Jan. 18	CI
OceanFirst Financial Corp. Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 18	CI
OceanFirst Financial Corp. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Jan. 18	CI
North American Morning Briefing : TSMC Results -2-	Jan. 18	DJ
Raymond James Upgrades OceanFirst Financial to Outperform From Market Perform, Price Target at $21	Jan. 05	MT
Transcript : OceanFirst Financial Corp., Q3 2023 Earnings Call, Oct 20, 2023	23-10-20
Tranche Update on OceanFirst Financial Corp.'s Equity Buyback Plan announced on June 25, 2021.	23-10-19	CI
Earnings Flash (OCFC) OCEANFIRST FINANCIAL Posts Q3 EPS $0.32	23-10-19	MT
OceanFirst Financial Corp. Declares Quarterly Cash Dividend, Payable on November 17, 2023	23-10-19	CI

Chart OceanFirst Financial Corp.

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Company Profile

OceanFirst Financial Corp. is a holding company for OceanFirst Bank N.A. (the Bank). The Bank is a full-service regional bank delivering financial products and services, which include commercial and consumer financing, deposit services, and wealth management products and services, throughout New Jersey and the metropolitan markets of Philadelphia, New York, Baltimore, and others. The Bank's commercial loans include multi-family and commercial real estate loans, commercial construction loans, and commercial and industrial loans. The Bankâs primary sources of funds are deposits, principal and interest payments on loans and investments, and other borrowings. It also generates non-interest income such as income from bankcard services, trust and asset management products and services, deposit account services, and others. It operates approximately 37 branch offices, and deposit production facilities located throughout New Jersey and metropolitan area of New York City and Philadelphia.

Sector

Banks

Calendar

2024-05-02 - Ex-dividend day

Related indices

Russell 2000

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Ratings for OceanFirst Financial Corp.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

15.37 USD

Average target price

18.86 USD

Spread / Average Target

+22.69%

Consensus

EPS Revisions

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Quarterly earnings - Rate of surprise

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