OceanFirst Financial Corp reports results for the quarter ended December 31 - Earnings Summary

• OceanFirst Financial Corp OCFC.OQ reported quarterly adjusted earnings of 38 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 45 cents. The mean expectation of seven analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 33 cents to 40 cents per share.

• Revenue fell 5.1% to $83.33 million from a year ago; analysts expected $85.15 million.

• OceanFirst Financial Corp's reported EPS for the quarter was 36 cents​.

• The company reported quarterly net income of $20.91 million.

• OceanFirst Financial Corp shares had risen by 5.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for OceanFirst Financial Corp is $22.00

This summary was machine generated from LSEG data January 23 at 10:53 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)