OceanFirst Financial Corp. Upgraded to Outperform at Keefe, Bruyette & Woods (OCFC)
OceanFirst Financial Corp. (NASDAQ:OCFC) was upgraded by equities researchers at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports.
OCFC has been the subject of a number of other recent research reports. Analysts at TheStreet upgraded shares of OceanFirst Financial Corp. from a “hold” rating to a “buy” rating in a research note on Monday, July 7th. 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.
In other OceanFirst Financial Corp. news, COO Christopher Maher bought 10,000 shares of the company’s stock on the open market in a transaction dated Wednesday, July 30th. The stock was purchased at an average cost of $16.16 per share, for a total transaction of $161,600.00. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Shares of OceanFirst Financial Corp. (NASDAQ:OCFC) traded down 1.61% during mid-day trading on Thursday, hitting $15.91. 23,738 shares of the company’s stock traded hands. OceanFirst Financial Corp. has a one year low of $13.94 and a one year high of $19.47. The stock has a 50-day moving average of $16.3 and a 200-day moving average of $17.05. The company has a market cap of $266.3 million and a P/E ratio of 16.52.
OceanFirst Financial Corp. (NASDAQ:OCFC) last released its earnings data on Thursday, July 24th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.01. Analysts expect that OceanFirst Financial Corp. will post $1.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Investors of record on Monday, August 4th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Thursday, July 31st.
OceanFirst Financial Corp. is a holding company for OceanFirst Bank (NASDAQ:OCFC).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.