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

OceanFirst Financial

28/04/2022 23:39

* OceanFirst Financial Corp  OCFC.OQ  reported quarterly
adjusted
earnings of 49 cents​​ per share for the quarter ended in March.
The mean expectation of eight analysts for the quarter was
for earnings of 46 cents per share.
    * Revenue rose 14.4% to $84.23 million from a year ago; 
analysts
expected $81.84 million. 
    * OceanFirst Financial Corp's reported EPS for the quarter
was 42
cents​.
    * The mean earnings estimate of analysts had risen by
about 2.8%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * OceanFirst Financial Corp shares had fallen by 8.0% this
quarter and lost 16.7% so far this year.
    * The company reported quarterly net income of $24.76
million.
    * Wall Street's median 12-month price target for OceanFirst
Financial Corp is $28.00 
    * 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 28 at 10:39 p.m.  ​All
figures in US dollars unless otherwise stated