Latest news with #OceanFirstFinancial
Yahoo
23-07-2025
- Business
- Yahoo
OceanFirst Financial (OCFC) Reports Q2: Everything You Need To Know Ahead Of Earnings
Regional bank OceanFirst Financial (NASDAQ:OCFC) will be announcing earnings results this Thursday after market close. Here's what to look for. OceanFirst Financial beat analysts' revenue expectations by 2.1% last quarter, reporting revenues of $97.91 million, flat year on year. It was a strong quarter for the company, with an impressive beat of analysts' tangible book value per share estimates and an impressive beat of analysts' net interest income estimates. Is OceanFirst Financial a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting OceanFirst Financial's revenue to grow 8% year on year to $100.7 million, a reversal from the 7.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.33 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. OceanFirst Financial has missed Wall Street's revenue estimates twice over the last two years. Looking at OceanFirst Financial's peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. City Holding delivered year-on-year revenue growth of 6.3%, beating analysts' expectations by 3%, and Texas Capital Bank reported revenues up 15.2%, topping estimates by 2.7%. Texas Capital Bank traded up 4.8% following the results. Read our full analysis of City Holding's results here and Texas Capital Bank's results here. There has been positive sentiment among investors in the regional banks segment, with share prices up 8.2% on average over the last month. OceanFirst Financial is up 7.1% during the same time and is heading into earnings with an average analyst price target of $20.63 (compared to the current share price of $18.32). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Business Insider
17-07-2025
- Business
- Business Insider
OceanFirst Financial board authorizes up to 3M share buyback
OceanFirst Financial (OCFC) Corp. announced that its board of directors has authorized a 2025 Stock Repurchase Program, under which the company may repurchase up to 3M shares, or approximately 5% of its outstanding common stock. This authorization is incremental to the company's existing 2021 Stock Repurchase Program. 'The repurchase program underscores our belief that OceanFirst shares represent a compelling investment opportunity,' said Christopher D. Maher, Chairman and Chief Executive Officer. 'The program enhances our capital deployment flexibility, allowing us to respond opportunistically to market conditions while maintaining the capacity to invest in organic growth, strategic initiatives, and shareholder returns.' Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Yahoo
24-06-2025
- Business
- Yahoo
OCFC Q1 Deep Dive: Deposit Initiatives and Premier Banking Expansion Take Center Stage
Regional bank OceanFirst Financial (NASDAQ:OCFC) reported Q1 CY2025 results exceeding the market's revenue expectations , but sales were flat year on year at $97.91 million. Its non-GAAP profit of $0.35 per share was in line with analysts' consensus estimates. Is now the time to buy OCFC? Find out in our full research report (it's free). Revenue: $97.91 million vs analyst estimates of $95.9 million (flat year on year, 2.1% beat) Adjusted EPS: $0.35 vs analyst estimates of $0.35 (in line) Market Capitalization: $972.1 million OceanFirst Financial's first quarter results saw revenue slightly ahead of Wall Street expectations, while adjusted profit matched consensus. Management attributed the stable performance to continued net interest income growth and margin expansion, largely driven by deposit repricing. CEO Christopher Maher emphasized the 6% growth in commercial and industrial lending and noted, 'The recruitment of commercial bankers over the last fifteen months has begun to pay dividends.' Management also highlighted stable asset quality, as annualized net charge-offs remained low, and classified loans decreased from the prior quarter. Looking ahead, management is focusing on ramping up the Premier Bank initiative to drive organic deposit growth and further improve margins in the second half of the year. President Joseph Lebel stated that nine new banking teams have joined, with expectations for these hires to have 'substantial new client wins' over the coming quarters. CFO Patrick Barrett cautioned that near-term operating expenses will increase due to investments in new hires but anticipates that the impact will be offset as the new teams ramp up their contribution. Management remains attentive to potential macroeconomic headwinds, including the risk of slower loan demand and changes in policy rates. Management cited the success of deposit repricing strategies, expanding commercial banking teams, and stable credit quality as key contributors to the quarter's performance. Deposit repricing benefits: The company saw net interest margin expand by 21 basis points, with lower deposit costs helping offset flat loan yields. Management credited this improvement to proactive repricing and a focus on attracting lower-cost deposits. Premier Bank initiative launched: OceanFirst onboarded nine new premier banking teams aimed at acquiring commercial clients with significant deposits. This strategy is expected to support long-term growth, though management noted it may take two to three years for the full benefit to materialize. Commercial lending momentum: Commercial and industrial loan growth reached 6% for the quarter, with management pointing to a nearly doubled loan pipeline and recent banker hires as drivers. Joe Lebel noted that new hires are 'beginning to pay dividends,' especially in government contracting and the New York metro area. Expense discipline amid investments: While operating expenses were modestly lower, management noted that first quarter results did not yet reflect the full impact of hiring. Patrick Barrett indicated that operating expenses will rise about 10% in the near term, primarily due to investments in new banking teams and related facilities. Maintained strong credit quality: Asset quality remained robust, with nonperforming loans at 0.37% of total loans and a 5% decline in classified loans. Maher emphasized that the reserve build this quarter reflected 'elevated macroeconomic uncertainty' rather than any observed deterioration in the loan book. Management expects future performance to hinge on the successful ramp of Premier Bank teams, continued commercial lending, and disciplined expense management. Premier Bank ramp-up: Management believes that as newly hired premier banking teams attract additional commercial deposits, OceanFirst will have an improved funding mix and enhanced net interest margin, particularly in the second half of the year and beyond. Commercial lending and pipeline: The company is targeting continued growth in commercial and industrial lending, supported by a robust loan pipeline and ongoing recruitment of experienced bankers. The enhanced deposit base from Premier Bank teams is expected to allow for more competitive loan pricing. Expense and macro headwinds: Management acknowledged that operating expenses will rise as new hires are integrated, but expects these costs to be offset by revenue gains over a 12–18 month period. Ongoing macroeconomic uncertainty, including potential changes in interest rates and loan demand, remains a risk factor for future results. Over the coming quarters, the StockStory team will focus on (1) the pace at which Premier Bank teams attract new deposit-rich clients, (2) whether commercial and industrial loan momentum can be sustained as new bankers are integrated, and (3) how effectively OceanFirst manages the increased operating expenses tied to these investments. The company's ability to navigate macroeconomic shifts and execute on its deposit-gathering strategy will be critical markers of progress. OceanFirst Financial currently trades at $16.95, up from $16.46 just before the earnings. At this price, is it a buy or sell? See for yourself in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
Yahoo
16-05-2025
- Business
- Yahoo
OceanFirst Financial And 2 Other Prominent Dividend Stocks To Consider
Over the last 7 days, the United States market has risen by 4.5%, contributing to an impressive 11% climb over the past year, with earnings expected to grow by 14% annually. In this promising environment, dividend stocks like OceanFirst Financial and others stand out as attractive options for investors seeking a combination of income and potential growth. Name Dividend Yield Dividend Rating Columbia Banking System (NasdaqGS:COLB) 5.73% ★★★★★★ First Interstate BancSystem (NasdaqGS:FIBK) 6.79% ★★★★★★ Dillard's (NYSE:DDS) 6.33% ★★★★★★ Ennis (NYSE:EBF) 5.11% ★★★★★★ Chevron (NYSE:CVX) 4.81% ★★★★★★ Valley National Bancorp (NasdaqGS:VLY) 4.80% ★★★★★☆ Douglas Dynamics (NYSE:PLOW) 4.03% ★★★★★☆ Huntington Bancshares (NasdaqGS:HBAN) 3.85% ★★★★★☆ Southside Bancshares (NYSE:SBSI) 4.82% ★★★★★☆ Carter's (NYSE:CRI) 8.82% ★★★★★☆ Click here to see the full list of 141 stocks from our Top US Dividend Stocks screener. Let's take a closer look at a couple of our picks from the screened companies. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: OceanFirst Financial Corp., with a market cap of $1.03 billion, operates as the bank holding company for OceanFirst Bank N.A. Operations: OceanFirst Financial Corp. generates revenue primarily through its Community Banking Operations, which amounted to $369.88 million. Dividend Yield: 4.5% OceanFirst Financial's dividend payments have been stable and growing over the past decade, with a current yield of 4.51%, slightly below the top 25% in the US market. The company declared its 113th consecutive quarterly cash dividend of $0.20 per share, reflecting consistency in payouts. Despite a decrease in net income to $21.51 million for Q1 2025, dividends appear covered by earnings given a payout ratio of 52.3%. Recent buybacks indicate shareholder value focus. Click here to discover the nuances of OceanFirst Financial with our detailed analytical dividend report. Our expertly prepared valuation report OceanFirst Financial implies its share price may be lower than expected. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Peoples Bancorp Inc. is a financial holding company for Peoples Bank, offering commercial and consumer banking products and services, with a market cap of approximately $1.07 billion. Operations: Peoples Bancorp Inc.'s revenue is primarily derived from its Community Banking segment, which generated $561.24 million. Dividend Yield: 5.3% Peoples Bancorp offers a high dividend yield of 5.29%, ranking in the top 25% of U.S. dividend payers, with stable and increasing dividends over the past decade. The recent quarterly cash dividend is set at $0.41 per share, supported by a reasonable payout ratio of 50.5%. However, Q1 2025 saw net income decline to US$24.34 million from US$29.58 million year-on-year, potentially impacting future payouts despite past reliability and good relative value compared to peers. Unlock comprehensive insights into our analysis of Peoples Bancorp stock in this dividend report. Insights from our recent valuation report point to the potential undervaluation of Peoples Bancorp shares in the market. Simply Wall St Dividend Rating: ★★★★★☆ Overview: MSC Industrial Direct Co., Inc. is a distributor of metalworking and MRO products and services operating in the U.S., Canada, Mexico, the UK, and internationally, with a market cap of approximately $4.41 billion. Operations: The company's revenue segment primarily consists of its distribution of metalworking, MRO, Class C consumables, and OEM products and services, generating approximately $3.75 billion. Dividend Yield: 4.3% MSC Industrial Direct has maintained stable and growing dividends over the past decade, with a recent dividend of $0.85 per share. Despite a high payout ratio of 88.7%, dividends are covered by earnings and cash flows, with a cash payout ratio of 62.8%. The company is actively pursuing bolt-on acquisitions to enhance growth while having completed significant share buybacks worth $315.52 million since 2021, reflecting its commitment to returning capital to shareholders amidst declining earnings in Q2 2025. Click here and access our complete dividend analysis report to understand the dynamics of MSC Industrial Direct. The analysis detailed in our MSC Industrial Direct valuation report hints at an deflated share price compared to its estimated value. Dive into all 141 of the Top US Dividend Stocks we have identified here. Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks. Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:OCFC NasdaqGS:PEBO and NYSE:MSM. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
07-02-2025
- Business
- Yahoo
Top US Dividend Stocks To Consider In February 2025
As the S&P 500 inches toward record highs and the Dow experiences slight dips in response to a flurry of earnings reports, investors are closely monitoring market dynamics and economic indicators. In this environment, dividend stocks can offer a degree of stability and income potential, making them an attractive option for those looking to navigate the current market landscape. Name Dividend Yield Dividend Rating Columbia Banking System (NasdaqGS:COLB) 5.05% ★★★★★★ Interpublic Group of Companies (NYSE:IPG) 4.76% ★★★★★★ Peoples Bancorp (NasdaqGS:PEBO) 4.74% ★★★★★★ FMC (NYSE:FMC) 6.51% ★★★★★★ Dillard's (NYSE:DDS) 5.51% ★★★★★★ Citizens & Northern (NasdaqCM:CZNC) 5.13% ★★★★★★ First Interstate BancSystem (NasdaqGS:FIBK) 5.66% ★★★★★★ Virtus Investment Partners (NYSE:VRTS) 4.71% ★★★★★★ Archer-Daniels-Midland (NYSE:ADM) 4.48% ★★★★★★ Chevron (NYSE:CVX) 4.50% ★★★★★★ Click here to see the full list of 130 stocks from our Top US Dividend Stocks screener. Underneath we present a selection of stocks filtered out by our screen. Simply Wall St Dividend Rating: ★★★★★☆ Overview: OceanFirst Financial Corp., with a market cap of $1.03 billion, operates as the bank holding company for OceanFirst Bank N.A. Operations: OceanFirst Financial Corp. generates revenue primarily through its Community Banking Operations, which amounted to $376.53 million. Dividend Yield: 4.4% OceanFirst Financial offers a stable dividend profile with consistent payments over the past decade, supported by a sustainable payout ratio of 48.6%. Despite trading at 28.8% below its estimated fair value, the dividend yield of 4.39% is slightly lower than top-tier US payers but remains reliable and growing. Recent earnings showed a decline in net income to US$21.91 million, yet dividends remain well covered and were recently affirmed for their 112th consecutive quarter. Take a closer look at OceanFirst Financial's potential here in our dividend report. In light of our recent valuation report, it seems possible that OceanFirst Financial is trading behind its estimated value. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Premier Financial Corp., with a market cap of $998.18 million, operates through its subsidiaries to offer a range of banking services. Operations: Premier Financial Corp.'s revenue from its financial service operations is $249.70 million. Dividend Yield: 4.4% Premier Financial Corp. maintains a stable dividend profile, with recent affirmations of a US$0.31 quarterly cash dividend and an annual yield of 4.93%. The payout ratio is sustainable at 62%, forecasted to improve to 51.9% in three years, indicating coverage by earnings. Despite net charge-offs decreasing to US$1.1 million, the allowance for bad loans remains low at 93%. Dividends have grown steadily over the past decade but are slightly below top-tier yields in the US market. Delve into the full analysis dividend report here for a deeper understanding of Premier Financial. Our expertly prepared valuation report Premier Financial implies its share price may be too high. Simply Wall St Dividend Rating: ★★★★★☆ Overview: United Bankshares, Inc. operates through its subsidiaries to offer commercial and retail banking products and services in the United States, with a market capitalization of approximately $5.23 billion. Operations: United Bankshares, Inc. generates revenue primarily from its Community Banking segment, which amounts to $1.01 billion. Dividend Yield: 3.8% United Bankshares, Inc. offers a reliable dividend profile, with a recent quarterly dividend of US$0.37 per share and an annual payout of US$1.48 for 2024, slightly up from 2023. The dividend yield stands at 3.77%, below top-tier yields in the US market but supported by a sustainable payout ratio of 53.5%. Earnings have shown modest growth, enhancing coverage prospects over the next three years despite some insider selling activity recently observed. Click here to discover the nuances of United Bankshares with our detailed analytical dividend report. Our expertly prepared valuation report United Bankshares implies its share price may be lower than expected. Dive into all 130 of the Top US Dividend Stocks we have identified here. Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes. Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:OCFC NasdaqGS:PFC and NasdaqGS:UBSI. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
