Media headlines about OceanFirst Financial (NASDAQ:OCFC) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. OceanFirst Financial earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the savings and loans company an impact score of 46.2863027731486 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of equities research analysts have recently weighed in on OCFC shares. BidaskClub lowered shares of OceanFirst Financial from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Zacks Investment Research lowered shares of OceanFirst Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $37.00 price objective on shares of OceanFirst Financial in a research report on Friday, December 22nd. Piper Jaffray reissued a “buy” rating and set a $32.00 price objective on shares of OceanFirst Financial in a research report on Monday, February 12th. Finally, ValuEngine downgraded shares of OceanFirst Financial from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. OceanFirst Financial presently has an average rating of “Buy” and an average target price of $31.83.
OCFC opened at $26.17 on Thursday. The company has a market cap of $1,261.10, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 1.34 and a beta of 0.53. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.59. OceanFirst Financial has a 52-week low of $24.02 and a 52-week high of $29.46.
OceanFirst Financial (NASDAQ:OCFC) last issued its earnings results on Thursday, January 25th. The savings and loans company reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. The company had revenue of $49.25 million for the quarter, compared to analysts’ expectations of $50.52 million. OceanFirst Financial had a net margin of 19.67% and a return on equity of 9.48%. research analysts predict that OceanFirst Financial will post 1.95 earnings per share for the current fiscal year.
In other news, Director Angelo Catania sold 1,505 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $26.47, for a total transaction of $39,837.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven E. Brady sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $26.02, for a total value of $520,400.00. The disclosure for this sale can be found here. Insiders have sold 26,505 shares of company stock valued at $692,237 over the last ninety days. Insiders own 7.00% of the company’s stock.
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OceanFirst Financial Company Profile
OceanFirst Financial Corp. operates as the holding company for OceanFirst Bank N.A. that provides a range of community banking services. The company offers various deposit products to retail, government, and business customers, including money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits.
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