Media coverage about OceanFirst Financial Corp. (NASDAQ:OCFC) has been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. OceanFirst Financial Corp. earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the savings and loans company an impact score of 47.2581040332089 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
OceanFirst Financial Corp. (NASDAQ:OCFC) traded up $0.14 during trading on Friday, reaching $25.84. 181,000 shares of the company’s stock traded hands, compared to its average volume of 135,590. The company has a market cap of $837.37, a PE ratio of 15.77, a P/E/G ratio of 1.51 and a beta of 0.61. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.94 and a current ratio of 0.94. OceanFirst Financial Corp. has a 52-week low of $21.65 and a 52-week high of $30.70.
OceanFirst Financial Corp. (NASDAQ:OCFC) last released its quarterly earnings results on Thursday, October 26th. The savings and loans company reported $0.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. OceanFirst Financial Corp. had a net margin of 18.59% and a return on equity of 8.87%. The firm had revenue of $50.42 million for the quarter, compared to analysts’ expectations of $50.41 million. equities analysts forecast that OceanFirst Financial Corp. will post 1.7 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Monday, November 6th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.32%. OceanFirst Financial Corp.’s payout ratio is presently 50.00%.
A number of brokerages recently weighed in on OCFC. ValuEngine lowered shares of OceanFirst Financial Corp. from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research raised shares of OceanFirst Financial Corp. from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Thursday, November 2nd. BidaskClub cut shares of OceanFirst Financial Corp. from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Hovde Group assumed 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. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $31.00 price target on shares of OceanFirst Financial Corp. in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. OceanFirst Financial Corp. currently has an average rating of “Buy” and an average price target of $31.00.
In other OceanFirst Financial Corp. news, Director Steven E. Brady sold 3,825 shares of the stock in a transaction that occurred on 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 owns 67,177 shares in the company, valued at approximately $1,672,035.53. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven E. Brady sold 2,800 shares of the 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 in the company, valued at approximately $2,006,339.30. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.
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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