6 days Ago By ABMN Staff
OceanFirst Financial ( NASDAQ:OCFC – Free Report ) had its price target reduced by Keefe, Bruyette & Woods from $21.00 to $20.00 in a research note issued to investors on Monday, Benzinga reports.
They currently have a market perform rating on the savings and loans company’s stock. A number of other research analysts also recently issued reports on OCFC. Stephens reissued an “equal weight” rating and set a $22.
00 price objective on shares of OceanFirst Financial in a research report on Friday, January 24th. Hovde Group reduced their price objective on shares of OceanFirst Financial from $23.00 to $22.
00 and set an “outperform” rating on the stock in a research report on Monday, January 27th. Finally, Raymond James dropped their target price on shares of OceanFirst Financial from $24.00 to $21.
00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.
67. Read Our Latest Stock Analysis on OCFC OceanFirst Financial Stock Down 0.5 % OceanFirst Financial ( NASDAQ:OCFC – Get Free Report ) last issued its quarterly earnings data on Thursday, April 24th.
The savings and loans company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35.
The business had revenue of $97.91 million for the quarter, compared to the consensus estimate of $95.66 million.
OceanFirst Financial had a net margin of 14.45% and a return on equity of 5.75%.
On average, equities research analysts expect that OceanFirst Financial will post 1.6 earnings per share for the current year. OceanFirst Financial Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th.
Stockholders of record on Monday, May 5th will be issued a dividend of $0.20 per share. This represents a $0.
80 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date is Monday, May 5th.
OceanFirst Financial’s dividend payout ratio (DPR) is presently 52.29%. Hedge Funds Weigh In On OceanFirst Financial A number of hedge funds have recently bought and sold shares of the company.
Dimensional Fund Advisors LP boosted its stake in OceanFirst Financial by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,228,902 shares of the savings and loans company’s stock worth $58,442,000 after purchasing an additional 53,476 shares in the last quarter.
Invesco Ltd. boosted its stake in OceanFirst Financial by 4.2% in the 4th quarter.
Invesco Ltd. now owns 1,675,259 shares of the savings and loans company’s stock worth $30,322,000 after purchasing an additional 67,010 shares in the last quarter. JPMorgan Chase & Co.
boosted its stake in OceanFirst Financial by 14.6% in the 3rd quarter. JPMorgan Chase & Co.
now owns 1,241,191 shares of the savings and loans company’s stock worth $23,074,000 after purchasing an additional 157,711 shares in the last quarter. American Century Companies Inc. boosted its stake in OceanFirst Financial by 11.
2% in the 4th quarter. American Century Companies Inc. now owns 1,208,800 shares of the savings and loans company’s stock worth $21,879,000 after purchasing an additional 121,923 shares in the last quarter.
Finally, Systematic Financial Management LP boosted its stake in OceanFirst Financial by 5.2% in the 4th quarter. Systematic Financial Management LP now owns 964,646 shares of the savings and loans company’s stock worth $17,460,000 after purchasing an additional 47,561 shares in the last quarter.
Institutional investors own 70.98% of the company’s stock. About OceanFirst Financial ( Get Free Report ) 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. Read More 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 .
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