Insider Buying: Joseph Lebel III Buys 1,812 Shares of OceanFirst Financial Corp. Stock (OCFC)
OceanFirst Financial Corp. (NASDAQ:OCFC) EVP Joseph Lebel III bought 1,812 shares of OceanFirst Financial Corp. stock on the open market in a transaction dated Tuesday, June 10th. The shares were purchased at an average price of $16.56 per share, for a total transaction of $30,006.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on OCFC. Analysts at TheStreet downgraded shares of OceanFirst Financial Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $18.47.
OceanFirst Financial Corp. (NASDAQ:OCFC) traded down 1.90% during mid-day trading on Thursday, hitting $16.03. The stock had a trading volume of 454 shares. OceanFirst Financial Corp. has a 52-week low of $14.25 and a 52-week high of $19.47. The stock’s 50-day moving average is $16.49 and its 200-day moving average is $17.38. The company has a market cap of $270.7 million and a P/E ratio of 16.85.
OceanFirst Financial Corp. is a holding company for OceanFirst Bank (NASDAQ:OCFC).
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