Media stories about OceanFirst Financial (NASDAQ:OCFC) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. OceanFirst Financial earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news coverage about the savings and loans company an impact score of 45.7589906920844 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- $0.45 EPS Expected for OceanFirst Financial Corp. (OCFC) This Quarter (americanbankingnews.com)
- New Jersey banks earn regulatory approval for $487M merger (bizjournals.com)
- ETFs with exposure to OceanFirst Financial Corp. : December 5, 2017 (finance.yahoo.com)
- OceanFirst Financial Corp. :OCFC-US: Earnings Analysis: Q3, 2017 By the Numbers : December 4, 2017 (finance.yahoo.com)
- OceanFirst Financial (OCFC) Raised to “Buy” at ValuEngine (americanbankingnews.com)
Shares of OceanFirst Financial (NASDAQ OCFC) opened at $27.38 on Friday. OceanFirst Financial has a 1 year low of $24.02 and a 1 year high of $30.70. The stock has a market capitalization of $912.31, a P/E ratio of 17.35, a P/E/G ratio of 1.66 and a beta of 0.60. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.94 and a quick ratio of 0.94.
The business also recently declared a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Monday, November 6th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Friday, November 3rd. OceanFirst Financial’s dividend payout ratio (DPR) is 50.00%.
OCFC has been the topic of a number of recent research reports. Zacks Investment Research raised OceanFirst Financial from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Thursday, November 2nd. Piper Jaffray Companies reissued a “buy” rating and issued a $31.00 target price on shares of OceanFirst Financial in a research report on Friday, October 27th. DA Davidson initiated coverage on OceanFirst Financial in a research report on Thursday, September 21st. They issued a “buy” rating and a $31.00 target price on the stock. Sandler O’Neill raised OceanFirst Financial from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Wednesday, September 20th. Finally, ValuEngine raised OceanFirst Financial from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $31.00.
In other OceanFirst Financial news, Director Steven E. Brady sold 2,800 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $27.65, for a total transaction of $77,420.00. Following the transaction, the director now owns 72,562 shares of the company’s stock, valued at approximately $2,006,339.30. 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 insiders.
About OceanFirst Financial
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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