OceanFirst Financial (NASDAQ:OCFC) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS

24 Apr 2026, 11:44 by Teresa Graham · The Cerbat Gem

OceanFirst Financial (NASDAQ:OCFC – Get Free Report) released its earnings results on Thursday. The savings and loans company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.02), FiscalAI reports. OceanFirst Financial had a return on equity of 5.14% and a net margin of 10.33%.The business had revenue of $103.20 million for the quarter, compared to analysts’ expectations of $143.25 million.

OceanFirst Financial Stock Up 0.6%

Shares of NASDAQ:OCFC traded up $0.12 during mid-day trading on Friday, hitting $19.18. 342,835 shares of the company traded hands, compared to its average volume of 693,510. The firm has a market cap of $1.10 billion, a P/E ratio of 16.47 and a beta of 1.00. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.01 and a current ratio of 1.01. OceanFirst Financial has a 52-week low of $15.85 and a 52-week high of $20.61. The firm’s 50 day simple moving average is $18.47 and its 200 day simple moving average is $18.61.

OceanFirst Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Monday, April 27th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Monday, April 27th. OceanFirst Financial’s dividend payout ratio (DPR) is presently 68.97%.

Wall Street Analyst Weigh In

OCFC has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of OceanFirst Financial in a research note on Tuesday. Wall Street Zen upgraded OceanFirst Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Raymond James Financial lowered OceanFirst Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Finally, DA Davidson lowered OceanFirst Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, OceanFirst Financial has a consensus rating of “Hold” and a consensus target price of $21.33.

View Our Latest Stock Analysis on OCFC

Key Headlines Impacting OceanFirst Financial

Here are the key news stories impacting OceanFirst Financial this week:

Positive Sentiment: Core earnings and net-interest improvements: management reported stronger core earnings (core EPS $0.43) and net interest margin expansion to 2.93%, driven by loan growth and lower cost of funds — supports margin recovery and future earnings. OceanFirst Financial Corp. Announces First Quarter Financial Results
Positive Sentiment: Dividend & shareholder returns: board declared a $0.20 quarterly cash dividend (payable May 8) and modest share repurchases in the quarter — supports income investor interest. Should Income Investors Look At OceanFirst Financial Corp. (NASDAQ:OCFC) Before Its Ex-Dividend?
Positive Sentiment: Merger progress: the planned Flushing Financial merger has cleared shareholder and several regulatory approvals and is still expected to close in Q2 — potential scale and strategic benefit if completed. OceanFirst Financial Corp. Reports Q1 2026 Earnings with Net Income of $20.5 Million
Neutral Sentiment: Analyst view and guidance: average analyst price target sits around ~$21.33; investors will watch forward guidance, integration assumptions and Fed/regulatory clearance for the merger. OceanFirst Financial Corp. (NASDAQ:OCFC) Receives $21.33 Average PT from Analysts
Neutral Sentiment: Earnings call / details: management will host an earnings call (April 24) — expect Q&A on loan mix, provision trends and merger costs which could move sentiment. OceanFirst Financial Corp. Announces First Quarter Financial Results
Negative Sentiment: Revenue / headline EPS misses and volatility in reported metrics: some outlets flagged a miss on consensus revenue and headline EPS comparisons (GAAP diluted EPS $0.36 vs various consensus figures), which can pressure near-term sentiment. View Press Release
Negative Sentiment: Non-interest income drop and expense items: other income declined materially versus last year (lower fees, fewer loan-sale gains) and the quarter included merger-related and restructuring costs — moderates near-term profitability. OceanFirst Financial (NASDAQ:OCFC) misses Q1 CY2026 sales expectations
Negative Sentiment: Asset-quality watch: non-performing loans and criticized/classified loans rose (driven by one larger commercial relationship), increasing credit-risk focus and provision sensitivity for investors. OceanFirst Financial Corp. Reports Q1 2026 Earnings with Net Income of $20.5 Million

Institutional Investors Weigh In On OceanFirst Financial

Hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of OceanFirst Financial by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,193 shares of the savings and loans company’s stock valued at $582,000 after buying an additional 1,461 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of OceanFirst Financial during the 2nd quarter valued at about $468,000. Prudential Financial Inc. grew its stake in OceanFirst Financial by 15.6% during the 2nd quarter. Prudential Financial Inc. now owns 24,450 shares of the savings and loans company’s stock valued at $431,000 after purchasing an additional 3,295 shares in the last quarter. Engineers Gate Manager LP grew its stake in OceanFirst Financial by 11.2% during the 4th quarter. Engineers Gate Manager LP now owns 20,600 shares of the savings and loans company’s stock valued at $370,000 after purchasing an additional 2,067 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in OceanFirst Financial during the 3rd quarter valued at approximately $368,000. 70.98% of the stock is currently owned by hedge funds and other 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.