OceanFirst Financial Corp. Price Target Lowered to $19.00 at Boenning Scattergood (OCFC)
Equities researchers at Boenning Scattergood decreased their price objective on shares of OceanFirst Financial Corp. (NASDAQ:OCFC) from $20.00 to $19.00 in a research report issued on Friday. The firm currently has an “outperform” rating on the stock. Boenning Scattergood’s target price would suggest a potential upside of 19.80% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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 analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $18.60.
Shares of OceanFirst Financial Corp. (NASDAQ:OCFC) opened at 15.86 on Friday. OceanFirst Financial Corp. has a 52 week low of $14.43 and a 52 week high of $19.47. The stock has a 50-day moving average of $16.35 and a 200-day moving average of $17.29. The company has a market cap of $267.8 million and a price-to-earnings ratio of 16.41.
In other OceanFirst Financial Corp. news, EVP Joseph Lebel III bought 1,812 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The stock was purchased at an average cost of $16.56 per share, with a total value of $30,006.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
OceanFirst Financial Corp. is a holding company for OceanFirst Bank (NASDAQ:OCFC).
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