OceanFirst Financial (NASDAQ:OCFC) Releases Earnings Results

Posted by Francis Steltz on Jul 30th, 2026

OceanFirst Financial (NASDAQ:OCFC – Get Free Report) announced its quarterly earnings results on Thursday. The savings and loans company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01, Zacks reports. OceanFirst Financial had a net margin of 10.04% and a return on equity of 5.35%.

OceanFirst Financial Trading Down 0.5%

Shares of NASDAQ:OCFC traded down $0.09 during trading on Thursday, reaching $19.64. The stock had a trading volume of 841,723 shares, compared to its average volume of 796,056. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.00 and a current ratio of 1.00. OceanFirst Financial has a 52 week low of $16.09 and a 52 week high of $20.61. The firm’s fifty day moving average is $18.91 and its 200 day moving average is $18.71. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 16.79 and a beta of 0.98.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Weiss Ratings upgraded OceanFirst Financial from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 29th. DA Davidson lifted their target price on shares of OceanFirst Financial from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Finally, Piper Sandler set a $19.00 target price on shares of OceanFirst Financial and gave the stock a “neutral” rating in a report on Friday, June 12th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.00.

Get Our Latest Stock Analysis on OceanFirst Financial

Institutional Trading of OceanFirst Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in OceanFirst Financial by 458.0% in the second quarter. Tower Research Capital LLC TRC now owns 8,526 shares of the savings and loans company’s stock worth $150,000 after acquiring an additional 6,998 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of OceanFirst Financial by 7.0% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 10,285 shares of the savings and loans company’s stock worth $181,000 after purchasing an additional 673 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in OceanFirst Financial in the 4th quarter valued at $186,000. Millennium Management LLC acquired a new stake in OceanFirst Financial in the 4th quarter valued at $192,000. Finally, nVerses Capital LLC acquired a new position in OceanFirst Financial during the fourth quarter worth $215,000. 70.98% of the stock is owned by institutional investors.

OceanFirst Financial Company Profile

(Get Free Report)

OceanFirst Financial Corporation (NASDAQ: OCFC) is a bank holding company headquartered in Toms River, New Jersey, that provides a full range of community banking and financial services through its principal subsidiary, OceanFirst Bank. Established in the early 20th century, the company has built its business around serving the deposit, lending and wealth management needs of individuals, small businesses, municipalities and nonprofit organizations across New Jersey and portions of New York.

The company’s core activities include accepting consumer and business deposits, making commercial, municipal and consumer loans, and offering residential mortgage financing.