OceanFirst Financial (NASDAQ:OCFC – Get Free Report) announced its quarterly earnings data on Thursday. The savings and loans company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03), Yahoo Finance reports. The business had revenue of $170.41 million during the quarter, compared to analyst estimates of $94.93 million. OceanFirst Financial had a net margin of 15.54% and a return on equity of 6.17%. During the same quarter in the prior year, the company posted $0.46 EPS.
OceanFirst Financial Price Performance
NASDAQ:OCFC traded down $0.42 during mid-day trading on Friday, reaching $17.86. 107,925 shares of the company were exchanged, compared to its average volume of 308,864. OceanFirst Financial has a 12 month low of $12.01 and a 12 month high of $19.58. The company has a fifty day moving average of $15.38 and a 200 day moving average of $15.71. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.05 billion, a PE ratio of 10.53 and a beta of 1.03.
Insiders Place Their Bets
In other OceanFirst Financial news, EVP Brian Schaeffer sold 3,500 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $15.49, for a total transaction of $54,215.00. Following the sale, the executive vice president now owns 41,868 shares of the company’s stock, valued at approximately $648,535.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.00% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on OceanFirst Financial
OceanFirst Financial Company Profile
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.
Further Reading
- Five stocks we like better than OceanFirst Financial
- How Can Investors Benefit From After-Hours Trading
- Streaming Titan’s Stock Ready to Hit All-Time Highs This Year
- Which Wall Street Analysts are the Most Accurate?
- Home Building Stock Hits 52-Week High With More Upside
- The 3 Best Retail Stocks to Shop for in August
- Why These 4 AI Stocks Are Must-Watch for 2024 Investors
Receive News & Ratings for OceanFirst Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OceanFirst Financial and related companies with MarketBeat.com's FREE daily email newsletter.