OceanFirst Financial Corp reports results for the quarter ended in June - Earnings Summary

OceanFirst Financial

30/07/2021 01:40

* OceanFirst Financial Corp  OCFC.OQ  reported quarterly
adjusted earnings of 49 cents​​ per share for the quarter ended
in June. The mean expectation of nine analysts for the quarter
was for earnings of 43 cents per share.
* Revenue fell 5.9% to $74.02 million from a year ago;  analysts
expected $77.47 million. 
* OceanFirst Financial Corp's reported EPS for the quarter was
49 cents​.
* The mean earnings estimate of analysts had risen by about 0.6%
in the last three months.​ 
* In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
* OceanFirst Financial Corp shares had fallen by 6.2% this
quarter and gained 4.9% so far this year.
* The company reported quarterly net income of $29.55 million.
* Wall Street's median 12-month price target for OceanFirst
Financial Corp is $26.00 
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
This summary was machine generated July 30 at 12:40 a.m.  ​All
figures in US dollars unless otherwise stated