OceanFirst Financial Corp. (OCFC) Given Daily Coverage Optimism Score of 0.06
Media stories about OceanFirst Financial Corp. (NASDAQ:OCFC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. OceanFirst Financial Corp. earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned news stories about the savings and loans company an impact score of 45.9370198725233 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of OceanFirst Financial Corp. (NASDAQ:OCFC) opened at 24.87 on Tuesday. The firm has a 50-day moving average price of $25.71 and a 200-day moving average price of $27.14. OceanFirst Financial Corp. has a 52-week low of $18.99 and a 52-week high of $30.70. The stock has a market capitalization of $798.87 million, a P/E ratio of 21.50 and a beta of 0.63.
The company also recently declared a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.41%. This is a boost from OceanFirst Financial Corp.’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, August 3rd. OceanFirst Financial Corp.’s dividend payout ratio is presently 51.72%.
A number of research firms have issued reports on OCFC. Zacks Investment Research downgraded OceanFirst Financial Corp. from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub downgraded OceanFirst Financial Corp. from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th.
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In other news, Director Steven E. Brady sold 3,825 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $24.89, for a total transaction of $95,204.25. Following the transaction, the director now directly owns 67,177 shares of the company’s stock, valued at approximately $1,672,035.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 11.10% of the stock is owned by corporate insiders.
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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