OceanFirst Financial Corp. Stock Rating Upgraded by Zacks (OCFC)
OceanFirst Financial Corp. (NASDAQ:OCFC) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Tuesday, ARN reports. The firm currently has a $19.40 price objective on the stock. Zacks‘ target price suggests a potential upside of 8.56% from the company’s current price.
Shares of OceanFirst Financial Corp. (NASDAQ:OCFC) traded down 0.67% during mid-day trading on Tuesday, hitting $17.87. 20,711 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 $17.91. The stock has a 50-day moving average of $16.9 and a 200-day moving average of $15.22. The company has a market cap of $310.7 million and a P/E ratio of 16.84.
OceanFirst Financial Corp. (NASDAQ:OCFC) last released its 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. Analysts expect that OceanFirst Financial Corp. will post $1.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 8th. Investors 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 2.69%. The ex-dividend date of this dividend is Thursday, October 24th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of OceanFirst Financial Corp. from $16.50 to $17.50 in a research note to investors on Monday, October 21st. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $17.23.
OceanFirst Financial Corp. is a holding company for OceanFirst Bank (NASDAQ:OCFC).
To view Zacks’ full report, visit www.zacks.com
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