Keefe, Bruyette & Woods Increases OceanFirst Financial Corp. Price Target to $17.50 (OCFC)
Equities researchers at Keefe, Bruyette & Woods raised their target price on shares of OceanFirst Financial Corp. (NASDAQ:OCFC) from $16.50 to $17.50 in a research report issued on Monday, American Banking News reports. Keefe, Bruyette & Woods’ price target points to a potential downside of 2.51% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of OceanFirst Financial Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 18th. They now have a $19.40 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $17.23.
Shares of OceanFirst Financial Corp. (NASDAQ:OCFC) remained flat at $17.95 during during mid-day trading trading on Monday. 34,136 shares of the company’s stock traded hands. OceanFirst Financial Corp. has a 52 week low of $12.43 and a 52 week high of $18.85. The stock’s 50-day moving average is $16.96 and its 200-day moving average is $15.7. The company has a market cap of $312.1 million and a price-to-earnings ratio of 16.81.
OceanFirst Financial Corp. (NASDAQ:OCFC) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 8th. Stockholders of record on Monday, October 28th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Thursday, October 24th.
OceanFirst Financial Corp. is a holding company for OceanFirst Bank (NASDAQ:OCFC).
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