News coverage about OceanFirst Financial (NASDAQ:OCFC) has trended somewhat positive on Sunday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. OceanFirst Financial earned a news impact score of 0.24 on Accern’s scale. Accern also gave news articles about the savings and loans company an impact score of 46.1581451353298 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several research firms have recently issued reports on OCFC. BidaskClub raised OceanFirst Financial from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Zacks Investment Research lowered OceanFirst Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. ValuEngine raised OceanFirst Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, Piper Jaffray reaffirmed a “buy” rating and issued a $32.00 price target on shares of OceanFirst Financial in a research report on Monday, February 12th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. OceanFirst Financial currently has a consensus rating of “Buy” and a consensus price target of $31.83.
Shares of NASDAQ:OCFC opened at $26.52 on Friday. OceanFirst Financial has a fifty-two week low of $24.02 and a fifty-two week high of $29.46. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $1,267.83, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 1.35 and a beta of 0.53.
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. OceanFirst Financial had a return on equity of 9.48% and a net margin of 19.67%. The business had revenue of $49.25 million during the quarter, compared to analyst estimates of $50.52 million. sell-side analysts forecast that OceanFirst Financial will post 1.95 earnings per share for the current year.
In other OceanFirst Financial news, Director Steven E. Brady sold 20,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $26.02, for a total value of $520,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $39,837.35. The disclosure for this sale can be found here. In the last three months, insiders sold 26,505 shares of company stock valued at $692,237. 7.00% of the stock is owned by insiders.
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About OceanFirst Financial
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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