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

OceanFirst Financial

30/04/2021 20:58

* OceanFirst Financial Corp  OCFC.OQ  reported quarterly
adjusted earnings of 44 cents​​ per share for the quarter ended
in March. The mean expectation of eight analysts for the quarter
was for earnings of 40 cents per share.
* Revenue fell 7.6% to $73.60 million from a year ago​; 
analysts expected $78.81 million.
* OceanFirst Financial Corp's reported EPS for the quarter was
53 cents​.
* The mean earnings estimate of analysts had risen by
about 10.6% 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 2.8% this
quarter and gained 24.9% so far this year.
* The company reported quarterly net income of $31.69 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," 1
"hold" and no "sell" or "strong sell." 
This summary was machine generated April 30 at 07:58 p.m. GMT.
​All figures in US Dollars.​