OceanFirst Financial Corp.

OCFC

US6752341080

Banks

Market Closed - Nasdaq Other stock markets 21:00:00 28/06/2024 BST			5-day change	1st Jan Change
15.89 ^USD	+4.47%		+7.44%	-8.47%

05-31	Keefe, Bruyette & Woods Downgrades OceanFirst Financial to Market Perform From Outperform, Price Target at $18	MT
04-22	Keefe, Bruyette & Woods Adjusts Price Target on OceanFirst Financial to $19 From $22, Maintains Outperform Rating	MT

Oceanfirst Financial Corp. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019

January 27, 2020 at 09:50 pm

OceanFirst Financial Corp. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 63.354 million compared to USD 61.841 million a year ago. Net income was USD 23.450 million compared to USD 26.732 million a year ago. Basic earnings per share was USD 0.47 compared to USD 0.56 a year ago. Diluted earnings per share was USD 0.47 compared to USD 0.55 a year ago. For the full year, net interest income was USD 255.971 million compared to USD 240.502 million a year ago. Net income was USD 88.574 million compared to USD 71.932 million a year ago. Basic earnings per share was USD 1.77 compared to USD 1.54 a year ago. Diluted earnings per share was USD 1.75 compared to USD 1.51 a year ago.

Latest news about OceanFirst Financial Corp.

Keefe, Bruyette & Woods Downgrades OceanFirst Financial to Market Perform From Outperform, Price Target at $18	05-31	MT
Keefe, Bruyette & Woods Adjusts Price Target on OceanFirst Financial to $19 From $22, Maintains Outperform Rating	04-22	MT
Transcript : OceanFirst Financial Corp., Q1 2024 Earnings Call, Apr 19, 2024	04-19
Tranche Update on OceanFirst Financial Corp.'s Equity Buyback Plan announced on June 25, 2021.	04-18	CI
OceanFirst Financial Q1 Core Earnings, Revenue Decline	04-18	MT
OceanFirst Financial Keeps Quarterly Cash Dividend at $0.20 a Share, Payable May 17 to Holders of Record May 6	04-18	MT
Earnings Flash (OCFC) OCEANFIRST FINANCIAL Reports Q1 EPS $0.44, vs. Street Est of $0.41	04-18	MT
Oceanfirst Financial Corp. Declares Quarterly Cash Dividend, Payable on May 17, 2024	04-18	CI
OceanFirst Financial Corp. Reports Earnings Results for the First Quarter Ended March 31, 2024	04-17	CI
OceanFirst Financial Corp. Announces Board Resignations	04-11	CI
Real estate pain for US regional banks is piling up, say investors	02-12	RE
Transcript : OceanFirst Financial Corp., Q4 2023 Earnings Call, Jan 19, 2024	01-19
OceanFirst Financial Q4 Core Earnings, Revenue Decline	01-18	MT
OceanFirst Financial Keeps Quarterly Cash Dividend at $0.20 a Share, Payable Feb. 16 to Holders of Record Feb. 5	01-18	MT
Tranche Update on OceanFirst Financial Corp.'s Equity Buyback Plan announced on June 25, 2021.	01-18	CI
Earnings Flash (OCFC) OCEANFIRST FINANCIAL Posts Q4 EPS $0.45, vs. Street Est of $0.43	01-18	MT
OceanFirst Financial Corp. Reports Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2023	01-18	CI
OceanFirst Financial Corp. Declares Quarterly Cash Dividend, Payable on February 16, 2024	01-18	CI
OceanFirst Financial Corp. Reports Earnings Results for the Full Year Ended December 31, 2023	01-18	CI
OceanFirst Financial Corp. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	01-18	CI
North American Morning Briefing : TSMC Results -2-	01-18	DJ
Raymond James Upgrades OceanFirst Financial to Outperform From Market Perform, Price Target at $21	01-05	MT
Transcript : OceanFirst Financial Corp., Q3 2023 Earnings Call, Oct 20, 2023	20/10/23
Tranche Update on OceanFirst Financial Corp.'s Equity Buyback Plan announced on June 25, 2021.	19/10/23	CI
Earnings Flash (OCFC) OCEANFIRST FINANCIAL Posts Q3 EPS $0.32	19/10/23	MT

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

17/07/2024 - Q2 2024 Earnings Release

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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

15.89 USD

Average target price

18.46 USD

Spread / Average Target

+16.20%

Consensus

EPS Revisions

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Quarterly earnings - Rate of surprise

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