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

June 29, 2018 - By Heather Owens

OceanFirst Financial Corp. (NASDAQ:OCFC) Corporate Logo

During Q1 2018 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 increased. 61 rose holdings while 20 funds acquired holdings. Funds hold 32.10 million shares thus 40.53% more from 2017Q4’s 22.84 million shares.

Fj Ltd reported 1.78M shs stake. 500 were reported by Vantage Investment Advisors Ltd Liability. Dimensional Fund Advsrs L P invested in 0.02% or 2.23 million shs. Parallax Volatility Advisers Limited Partnership invested in 3,739 shs or 0% of the stock. M&T Retail Bank invested in 194,555 shs. Stifel Corp has invested 0% in OceanFirst Financial Corp. (NASDAQ:OCFC). Metropolitan Life Insurance Ny reported 12,082 shs. Federated Invsts Incorporated Pa has 0% invested in OceanFirst Financial Corp. (NASDAQ:OCFC). Seidman Lawrence B stated it has 1.84% in OceanFirst Financial Corp. (NASDAQ:OCFC). Wedge L Lp Nc stated it has 460,785 shs or 0.12% of all its holdings. Price T Rowe Md reported 0% stake. Private Management Ltd has invested 1.5% in OceanFirst Financial Corp. (NASDAQ:OCFC). Meeder Asset reported 31 shs. Alps stated it has 17,287 shs. Jennison Ltd Liability owns 0% invested in OceanFirst Financial Corp. (NASDAQ:OCFC) for 56,337 shs.

OceanFirst Financial Corp. registered $3.32 million net activity with 1 buying transaction and 5 insider sales since January 8, 2018. On Wednesday, May 2 $2.64 million worth of OceanFirst Financial Corp. (NASDAQ:OCFC) was sold by Devlin Michael D. 2,000 OceanFirst Financial Corp. (NASDAQ:OCFC) shs with value of $53,000 were bought by Maher Christopher. Another trade for 5,000 shs valued at $132,000 was sold by IANTOSCA JOSEPH R. CATANIA ANGELO sold $39,837 worth of stock or 1,505 shs. BRADY STEVEN E had sold 20,000 shs worth $520,320.

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

OceanFirst Financial (NASDAQ:OCFC) coverage started by Equity research analysts at Raymond James. It was set “Outperform” rating and a $33 TP on Thursday, 28 June. TP indicates a potential upside of 9.20 % from the company’s last stock price.

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 Hovde Group with “Buy” on Monday, June 25. In Monday, February 26 report Keefe Bruyette & Woods maintained the stock with “Buy” rating. On Thursday, May 24 DA Davidson maintained OceanFirst Financial Corp. (NASDAQ:OCFC) with “Buy” rating. The company rating was maintained by Keefe Bruyette & Woods on Sunday, January 28. In Monday, February 5 report Sandler O’Neill maintained it with “Buy” rating and $31.0 target. The company rating was maintained by Piper Jaffray on Monday, February 12.

OCFC is hitting $30.22 during the last trading session, after increased 0.57%.Currently OceanFirst Financial Corp. is uptrending after 11.54% change in last June 29, 2017. OCFC has 36,804 shares volume. OCFC underperformed by 1.03% the S&P 500.

OceanFirst Financial Corp. (NASDAQ:OCFC)’s earnings report is awaited on July, 26., Faxor reports. Analysts predict 15.00 % diference or $0.46 from the $0.4 EPS from 2017. If earnings per share of $0.46 is revealed the profit of OCFC could be $22.00 million giving it 16.42 P/E. Last quarter $0.45 earnings per share was reported. Analysts predicts 2.22 % EPS growth this quarter.

OceanFirst Financial Corp. operates as the holding firm for OceanFirst Bank N.A. that provides a range of community banking services.The firm is valued at $1.45 billion. 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.30.37 is the P/E ratio. 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 brought out 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 brought out on June 28, 2018.

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

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