OceanFirst Financial (NASDAQ:OCFC) Rating Reiterated by Stephens

Stephens reiterated their equal weight rating on shares of OceanFirst Financial (NASDAQ:OCFC) in a report released on Friday morning, Benzinga reports. The brokerage currently has a $20.00 price target on the savings and loans company’s stock.

A number of other research analysts also recently commented on the stock. StockNews.com downgraded shares of OceanFirst Financial from a hold rating to a sell rating in a research note on Thursday, March 28th. Raymond James boosted their target price on OceanFirst Financial from $21.00 to $22.00 and gave the stock an outperform rating in a report on Monday, January 22nd. Finally, TheStreet upgraded OceanFirst Financial from a c+ rating to a b- rating in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and a consensus target price of $18.50.

OceanFirst Financial Trading Up 4.0 %

NASDAQ OCFC opened at $15.18 on Friday. OceanFirst Financial has a 12 month low of $12.01 and a 12 month high of $19.58. The company has a 50-day moving average of $15.34 and a 200-day moving average of $15.37. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $903.67 million, a P/E ratio of 8.88 and a beta of 1.00.

OceanFirst Financial (NASDAQ:OCFC) last posted its quarterly earnings data on Thursday, January 18th. The savings and loans company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. OceanFirst Financial had a net margin of 15.54% and a return on equity of 6.19%. The company had revenue of $99.69 million during the quarter, compared to the consensus estimate of $97.26 million. As a group, equities analysts predict that OceanFirst Financial will post 1.76 earnings per share for the current year.

Institutional Trading of OceanFirst Financial

A number of institutional investors have recently modified their holdings of OCFC. Moneta Group Investment Advisors LLC boosted its holdings in OceanFirst Financial by 115,464.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,677,082 shares of the savings and loans company’s stock worth $354,388,000 after acquiring an additional 16,662,651 shares during the period. BlackRock Inc. boosted its holdings in OceanFirst Financial by 11.0% in the 2nd quarter. BlackRock Inc. now owns 8,449,389 shares of the savings and loans company’s stock worth $131,979,000 after acquiring an additional 835,052 shares during the period. JPMorgan Chase & Co. boosted its holdings in OceanFirst Financial by 13.1% in the 1st quarter. JPMorgan Chase & Co. now owns 2,660,685 shares of the savings and loans company’s stock worth $49,170,000 after acquiring an additional 308,240 shares during the period. AQR Capital Management LLC boosted its holdings in OceanFirst Financial by 143.3% in the 3rd quarter. AQR Capital Management LLC now owns 380,529 shares of the savings and loans company’s stock worth $5,506,000 after acquiring an additional 224,146 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in OceanFirst Financial by 6.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,603,798 shares of the savings and loans company’s stock worth $66,598,000 after acquiring an additional 220,219 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

OceanFirst Financial Company Profile

OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services to retail and commercial customers. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits, that includes brokered deposits to retail, government, and business customers.