OceanFirst Financial (OCFC) Receiving Somewhat Positive News Coverage, Analysis Finds

Media coverage about OceanFirst Financial (NASDAQ:OCFC) has trended somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. OceanFirst Financial earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news articles about the savings and loans company an impact score of 46.4468268149057 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media stories that may have effected Accern’s rankings:

How to Become a New Pot Stock Millionaire

Shares of NASDAQ OCFC opened at $26.45 on Tuesday. OceanFirst Financial has a twelve month low of $24.02 and a twelve month 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 company has a market capitalization of $1,261.10, a PE ratio of 15.56, a PEG ratio of 1.34 and a beta of 0.53.

OceanFirst Financial (NASDAQ:OCFC) last issued its quarterly earnings results on Thursday, January 25th. The savings and loans company reported $0.45 earnings per share for the quarter, meeting 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 the consensus estimate of $50.52 million. equities analysts forecast that OceanFirst Financial will post 1.95 EPS for the current year.

A number of equities analysts have issued reports on the company. Piper Jaffray reaffirmed a “buy” rating and issued a $32.00 target price on shares of OceanFirst Financial in a research report on Monday, February 12th. 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, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $37.00 target price on shares of OceanFirst Financial in a research report on Friday, December 22nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $31.83.

In other news, Director Steven E. Brady sold 20,000 shares of the business’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Angelo Catania sold 1,505 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were 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. Insiders sold a total of 26,505 shares of company stock valued at $692,237 over the last quarter. Company insiders own 7.00% of the company’s stock.

WARNING: This piece was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this piece can be accessed at https://www.chaffeybreeze.com/2018/04/17/oceanfirst-financial-ocfc-receiving-somewhat-positive-news-coverage-analysis-finds.html.

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.

Insider Buying and Selling by Quarter for OceanFirst Financial (NASDAQ:OCFC)

Receive News & Ratings for OceanFirst Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OceanFirst Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply