OceanFirst Financial Corp. Upgraded to “Buy” at TheStreet (OCFC)
The analysts wrote, “Oceanfirst Financial (OCFC) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, increase in stock price during the past year, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
Separately, analysts at Boenning Scattergood cut their price target on shares of OceanFirst Financial Corp. from $20.00 to $19.00 in a research note on Friday, June 20th. They now have an “outperform” rating on the stock.
OceanFirst Financial Corp. (NASDAQ:OCFC) traded down 0.41% during mid-day trading on Monday, hitting $17.02. The stock had a trading volume of 15,480 shares. OceanFirst Financial Corp. has a 1-year low of $15.34 and a 1-year high of $19.47. The stock has a 50-day moving average of $16.40 and a 200-day moving average of $17.20. The company has a market cap of $287.4 million and a price-to-earnings ratio of 17.62.
OceanFirst Financial Corp. is a holding company for OceanFirst Bank (NASDAQ:OCFC).
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