Shares of OceanFirst Financial Corp. (NASDAQ:OCFC) have received an average broker rating score of 0.00 () from the two analysts that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokerages have set a 1 year consensus price objective of $32.50 for the company and are predicting that the company will post $0.41 earnings per share for the current quarter, according to Zacks. Zacks has also given OceanFirst Financial Corp. an industry rank of 71 out of 265 based on the ratings given to its competitors.

Several equities analysts recently weighed in on OCFC shares. Zacks Investment Research upgraded shares of OceanFirst Financial Corp. from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, December 1st. Sandler O’Neill lowered shares of OceanFirst Financial Corp. from a “buy” rating to a “hold” rating in a report on Monday, January 30th.

OceanFirst Financial Corp. (NASDAQ:OCFC) opened at 28.62 on Thursday. The company has a 50-day moving average price of $29.05 and a 200 day moving average price of $24.93. OceanFirst Financial Corp. has a 12-month low of $16.77 and a 12-month high of $30.70. The stock has a market cap of $785.93 million, a price-to-earnings ratio of 29.20 and a beta of 0.59.

OceanFirst Financial Corp. (NASDAQ:OCFC) last announced its quarterly earnings data on Thursday, January 26th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.01. OceanFirst Financial Corp. had a net margin of 14.98% and a return on equity of 9.82%. On average, equities research analysts predict that OceanFirst Financial Corp. will post $1.59 EPS for the current year.

In other OceanFirst Financial Corp. news, Director John R. Garbarino sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $30.22, for a total value of $604,400.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director John R. Garbarino sold 3,000 shares of the business’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $29.00, for a total transaction of $87,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 136,642 shares of company stock worth $3,996,784 in the last 90 days. Company insiders own 11.10% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. EJF Capital LLC raised its position in shares of OceanFirst Financial Corp. by 41.4% in the third quarter. EJF Capital LLC now owns 1,519,119 shares of the company’s stock worth $29,258,000 after buying an additional 445,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of OceanFirst Financial Corp. by 31.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,056,846 shares of the company’s stock worth $31,737,000 after buying an additional 254,709 shares in the last quarter. Brown Advisory Inc. raised its position in shares of OceanFirst Financial Corp. by 7.2% in the fourth quarter. Brown Advisory Inc. now owns 968,168 shares of the company’s stock worth $29,074,000 after buying an additional 65,019 shares in the last quarter. RMB Capital Management LLC raised its position in shares of OceanFirst Financial Corp. by 411.7% in the third quarter. RMB Capital Management LLC now owns 854,194 shares of the company’s stock worth $16,452,000 after buying an additional 687,268 shares in the last quarter. Finally, FJ Capital Management LLC raised its position in shares of OceanFirst Financial Corp. by 2.1% in the fourth quarter. FJ Capital Management LLC now owns 566,600 shares of the company’s stock worth $17,014,000 after buying an additional 11,600 shares in the last quarter. Hedge funds and other institutional investors own 55.62% of the company’s stock.

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About OceanFirst Financial Corp.

OceanFirst Financial Corp. is a holding company for OceanFirst Bank (the Bank). The Company is a savings and loan holding company. The Bank’s principal business is attracting retail and business deposits in the communities surrounding its branch offices and investing those deposits primarily in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate and other commercial loans.

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