OceanFirst Financial (NASDAQ:OCFC) with $33 Target Got Coverage By Raymond James On Jun 29, 2018.

June 29, 2018 - By Norman Soto

OceanFirst Financial Corp. (NASDAQ:OCFC) Corporate Logo

During 2018 Q1 the big money sentiment increased to 2.31. That’s change of 0.52, from 2017Q4’s 1.79. 9 investors sold all, 26 reduced holdings as OceanFirst Financial Corp. ratio is positive. 61 grew positions while 20 funds amassed positions. Funds hold 32.10 million shares thus 40.53% more from 2017Q4’s 22.84 million shares.

Goldman Sachs Group Inc has 0.01% invested in OceanFirst Financial Corp. (NASDAQ:OCFC). Citigroup has invested 0% in OceanFirst Financial Corp. (NASDAQ:OCFC). Ameriprise Fin Inc has 394,405 shs. Earnest Prtn Lc reported 1,000 shs. Seidman Lawrence B has invested 1.84% in OceanFirst Financial Corp. (NASDAQ:OCFC). Alpine Woods Invsts Limited Company owns 0.01% invested in OceanFirst Financial Corp. (NASDAQ:OCFC) for 10,104 shs. Driehaus Mngmt Limited holds 0.38% or 407,229 shs. Swiss Bancorporation reported 66,333 shs. Credit Suisse Ag reported 51,811 shs stake. California Employees Retirement Systems accumulated 44,050 shs. Ameritas Inv Prtnrs Inc invested 0% of its capital in OceanFirst Financial Corp. (NASDAQ:OCFC). Prospector Prtn Ltd Liability Com holds 0.38% of its capital in OceanFirst Financial Corp. (NASDAQ:OCFC) for 96,400 shs. Ny State Common Retirement Fund has 0% invested in OceanFirst Financial Corp. (NASDAQ:OCFC). Mercer Advisers reported 41,675 shs. Mendon Cap Advsr holds 2.64% in OceanFirst Financial Corp. (NASDAQ:OCFC) or 1.09 million shs.

OceanFirst Financial Corp. registered $3.32 million net activity with 1 buy and 5 selling transactions since January 8, 2018. Another trade for 5,000 shs valued at $132,000 was made by IANTOSCA JOSEPH R on Monday, February 5. On Wednesday, May 2 Devlin Michael D sold $2.64 million worth of OceanFirst Financial Corp. (NASDAQ:OCFC). Maher Christopher bought $53,000 worth of stock or 2,000 shs. 20,000 shs were sold by BRADY STEVEN E, worth $520,320 on Monday, February 5. Burke Joseph J sold $39,828 worth of stock or 1,490 shs.

What Price Target Has Raymond James Given OceanFirst Financial (NASDAQ:OCFC)

Raymond James sent to investors on 28 June an analyst report that it has started coverage on OceanFirst Financial (NASDAQ:OCFC) that has $33 target on OCFC and Outperform rating.

OceanFirst Financial Corp. (NASDAQ:OCFC) Ratings Coverage

A total of 6 analysts rate Oceanfirst Financial (NASDAQ:OCFC) as follows: 6 “Buy”, 0 “Hold” and 0 “Sell”. Тherefore 100% are bullish. (NASDAQ:OCFC) has 7 ratings reports on Jun 29, 2018 according to StockzIntelligence. The stock rating was maintained by Piper Jaffray with “Buy” on Monday, February 12. The stock rating was maintained by Keefe Bruyette & Woods with “Buy” on Sunday, January 28. On Thursday, May 24 DA Davidson maintained OceanFirst Financial Corp. (NASDAQ:OCFC) with “Buy” rating. On Monday, February 5 the rating was maintained by Sandler O’Neill with “Buy”. On Monday, February 26 the stock has “Buy” rating by Keefe Bruyette & Woods. On Monday, June 25 the company was maintained by Hovde Group.

Ticker’s shares touched $30.22 during the last trading session after 0.57% change.OceanFirst Financial Corp. has volume of 36,804 shares. Since June 29, 2017 OCFC has risen 11.54% and is uptrending. OCFC underperformed by 1.03% the S&P500.

On July, 26 OceanFirst Financial Corp. (NASDAQ:OCFC)’s earnings release is awaited by WallStreet, RTT reports. This year’s earnings per share analyst estimate is awaited to be $0.46. That is 15.00 % up compareed to $0.4 earnings per share for last year. If earnings per share of $0.46 is reported the profit of OCFC could hit $22.00M giving it 16.42 P/E. 2.22 % EPS growth is what Wall Street’s forecasts after $0.45 reported EPS previous quarter.

OceanFirst Financial Corp. operates as the holding firm for OceanFirst Bank N.A. that provides a range of community banking services.The company has $1.45 billion market cap. The firm offers various deposit products to retail, government, and business customers, including money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits.The P/E ratio is 30.37. It also provides commercial real estate, multi-family mortgage, and land loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; consumer loans, such as home equity loans and lines of credit, overdraft line of credit, loans on savings accounts, and other consumer loans; and commercial and industrial loans, and lines of credit.

Another two news for OceanFirst Financial Corp. (NASDAQ:OCFC) were recently announced by: Globenewswire.com on June 18, 2018 with title “OceanFirst Financial Corp. Schedules Earnings Conference Call”. The other Nasdaq.com‘s article was titled “OceanFirst Financial Corp. Announces Appointment of Kim Guadagno to the Board of Directors” and announced on June 28, 2018.

OceanFirst Financial Corp. (NASDAQ:OCFC) Institutional Investors Chart

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