OceanFirst Financial Corp. (NASDAQ:OCFC) is scheduled to be releasing its earnings data after the market closes on Thursday, October 26th. Analysts expect OceanFirst Financial Corp. to post earnings of $0.45 per share for the quarter.
OceanFirst Financial Corp. (OCFC) opened at 28.00 on Wednesday. The stock’s 50 day moving average is $26.66 and its 200 day moving average is $26.80. The firm has a market capitalization of $899.42 million, a price-to-earnings ratio of 24.20 and a beta of 0.64. OceanFirst Financial Corp. has a 1-year low of $19.07 and a 1-year high of $30.70.
In related news, Director Steven E. Brady sold 3,825 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $24.89, for a total transaction of $95,204.25. Following the transaction, the director now directly owns 67,177 shares of the company’s stock, valued at $1,672,035.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.00% of the stock is owned by company insiders.
A number of research firms have weighed in on OCFC. BidaskClub lowered shares of OceanFirst Financial Corp. from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Hovde Group initiated coverage on shares of OceanFirst Financial Corp. in a research report on Monday, October 9th. They set an “outperform” rating and a $32.00 price target on the stock. Zacks Investment Research lowered shares of OceanFirst Financial Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. DA Davidson initiated coverage on shares of OceanFirst Financial Corp. in a research report on Thursday, September 21st. They set a “buy” rating and a $31.00 price target on the stock. Finally, Sandler O’Neill raised shares of OceanFirst Financial Corp. from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $30.80.
About OceanFirst Financial Corp.
OceanFirst Financial Corp. is a holding company for OceanFirst Bank (the Bank). The Company is a savings and loan holding company. The Bank’s principal business is attracting retail and business deposits in the communities surrounding its branch offices and investing those deposits primarily in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate and other commercial loans.
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