OceanFirst Financial (OCFC) Receives Daily News Impact Score of 0.22
Media headlines about OceanFirst Financial (NASDAQ:OCFC) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded 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 0.22 on Accern’s scale. Accern also gave media stories about the savings and loans company an impact score of 46.3116475105049 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern’s analysis:
- OceanFirst Bank plans minimum wage hike to $15 per hour (pressofatlanticcity.com)
- OceanFirst Financial (OCFC) Upgraded by BidaskClub to “Sell” (americanbankingnews.com)
- OceanFirst Financial’s (OCFC) “Buy” Rating Reiterated at Keefe, Bruyette & Woods (americanbankingnews.com)
- OceanFirst Financial Corp. (OCFC) Receives Consensus Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Oceanfirst Financial (OCFC) Boosts Minimum Hourly Wage to $15 (streetinsider.com)
Shares of OceanFirst Financial (OCFC) opened at $26.36 on Thursday. OceanFirst Financial has a 12 month low of $24.02 and a 12 month high of $30.70. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.55. The firm has a market cap of $877.77, a PE ratio of 21.97, a price-to-earnings-growth ratio of 1.58 and a beta of 0.60.
OceanFirst Financial (NASDAQ:OCFC) last issued its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. OceanFirst Financial had a net margin of 18.59% and a return on equity of 8.87%. The business had revenue of $50.42 million during the quarter, compared to analysts’ expectations of $50.41 million. equities analysts expect that OceanFirst Financial will post 1.7 earnings per share for the current fiscal year.
Several brokerages recently commented on OCFC. Hovde Group began coverage on shares of OceanFirst Financial in a report on Monday, October 9th. They set an “outperform” rating and a $32.00 target price for the company. Zacks Investment Research downgraded shares of OceanFirst Financial from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $37.00 target price on shares of OceanFirst Financial in a report on Friday, December 22nd. BidaskClub raised shares of OceanFirst Financial from a “strong sell” rating to a “sell” rating in a report on Friday, December 22nd. Finally, DA Davidson began coverage on shares of OceanFirst Financial in a report on Thursday, September 21st. They set a “buy” rating and a $31.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $31.83.
In other OceanFirst Financial news, Director Steven E. Brady sold 2,800 shares of OceanFirst Financial stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $27.65, for a total value of $77,420.00. Following the completion of the sale, the director now owns 72,562 shares in the company, valued at approximately $2,006,339.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 7.00% of the stock is owned by insiders.
OceanFirst Financial Company Profile
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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