OceanFirst Financial's (OCFC) Equal Weight Rating Reiterated at Stephens

OceanFirst Financial (NASDAQ:OCFC - Get Free Report)'s stock had its "equal weight" rating reaffirmed by Stephens in a note issued to investors on Friday, Benzinga reports. They presently have a $20.00 target price on the savings and loans company's stock. Stephens' price target would indicate a potential upside of 31.75% from the company's current price.

A number of other analysts also recently weighed in on the stock. TheStreet raised shares of OceanFirst Financial from a "c+" rating to a "b-" rating in a research report on Monday, January 8th. Raymond James increased their target price on shares of OceanFirst Financial from $21.00 to $22.00 and gave the company an "outperform" rating in a research report on Monday, January 22nd. Finally, StockNews.com downgraded shares of OceanFirst Financial from a "hold" rating to a "sell" rating in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $18.50.

OceanFirst Financial Trading Up 4.0 %

Shares of OceanFirst Financial stock traded up $0.59 on Friday, hitting $15.18. The stock had a trading volume of 358,568 shares, compared to its average volume of 326,456. The stock has a 50 day moving average of $15.35 and a 200 day moving average of $15.36. OceanFirst Financial has a twelve month low of $12.01 and a twelve month high of $19.58. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $903.67 million, a P/E ratio of 8.93 and a beta of 1.00.

OceanFirst Financial (NASDAQ:OCFC - Get Free Report) last released its earnings results on Thursday, January 18th. The savings and loans company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.02. The business had revenue of $99.69 million during the quarter, compared to the consensus estimate of $97.26 million. OceanFirst Financial had a net margin of 16.21% and a return on equity of 6.65%. Sell-side analysts expect that OceanFirst Financial will post 1.76 earnings per share for the current fiscal year.

Institutional Trading of OceanFirst Financial

Several large investors have recently modified their holdings of OCFC. Boston Partners lifted its holdings in shares of OceanFirst Financial by 11.1% in the 3rd quarter. Boston Partners now owns 1,394,141 shares of the savings and loans company's stock worth $19,660,000 after purchasing an additional 139,646 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of OceanFirst Financial in the 3rd quarter worth $1,015,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of OceanFirst Financial by 6.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 695,344 shares of the savings and loans company's stock worth $10,062,000 after purchasing an additional 43,649 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of OceanFirst Financial by 143.3% in the 3rd quarter. AQR Capital Management LLC now owns 380,529 shares of the savings and loans company's stock worth $5,506,000 after purchasing an additional 224,146 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of OceanFirst Financial by 17.3% in the 3rd quarter. American Century Companies Inc. now owns 517,771 shares of the savings and loans company's stock worth $7,492,000 after purchasing an additional 76,317 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

OceanFirst Financial Company Profile

OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services to retail and commercial customers. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits, that includes brokered deposits to retail, government, and business customers.