Lowers OceanFirst Financial (NASDAQ:OCFC) to Hold Lowers OceanFirst Financial (NASDAQ:OCFC) to Hold

OceanFirst Fiscal (NASDAQ:OCFC – Get Rating) was downgraded by investment analysts at from a “acquire” score to a “hold” score in a investigate note issued to traders on Tuesday.

→ Hard cash Holders Continue to Are not Getting Ways to Put together (From Investor Position Media)

Individually, Piper Sandler lower shares of OceanFirst Money from an “overweight” rating to a “neutral” score and established a $25.00 concentrate on rate on the inventory. in a report on Monday, December 12th.

OceanFirst Financial Stock Down .2 %

Shares of NASDAQ:OCFC opened at $23.29 on Tuesday. The organization has a present-day ratio of .98, a brief ratio of .98 and a financial debt-to-equity ratio of .48. The company has a 50 working day basic shifting regular of $22.14 and a 200-working day basic going typical of $21.20. The enterprise has a industry capitalization of $1.38 billion, a PE ratio of 9.62 and a beta of .88. OceanFirst Money has a twelve month very low of $18.24 and a twelve thirty day period higher of $24.02.

OceanFirst Economic (NASDAQ:OCFC – Get Ranking) previous issued its quarterly earnings facts on Thursday, January 19th. The discounts and loans corporation described $.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $.63 by $.04. OceanFirst Economical experienced a return on fairness of 9.30% and a net margin of 29.90%. The company had profits of $134.04 million for the quarter, in comparison to analyst estimates of $110.75 million. On typical, equities analysts forecast that OceanFirst Financial will submit 2.7 EPS for the existing fiscal 12 months.

Hedge Cash Weigh In On OceanFirst Money

Hedge resources and other institutional traders have not long ago bought and offered shares of the company. Quadrant Capital Group LLC elevated its stake in shares of OceanFirst Money by 3,381.4% for the duration of the third quarter. Quadrant Cash Team LLC now owns 1,497 shares of the financial savings and financial loans company’s inventory worthy of $28,000 right after getting an additional 1,454 shares during the interval. SeaCrest Wealth Administration LLC procured a new situation in shares of OceanFirst Financial throughout the 2nd quarter worth somewhere around $41,000. Wipfli Economical Advisors LLC procured a new stake in shares of OceanFirst Financial in the third quarter valued at somewhere around $46,000. Great West Lifestyle Assurance Co. Can grew its holdings in OceanFirst Financial by 23.% all through the initially quarter. Wonderful West Everyday living Assurance Co. Can now owns 4,917 shares of the discounts and loans company’s stock really worth $103,000 following obtaining an extra 919 shares through the period of time. Finally, Tower Research Cash LLC TRC lifted its holdings in OceanFirst Economical by 234.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,365 shares of the cost savings and financial loans firm’s stock valued at $119,000 following acquiring an more 4,463 shares during the period of time. 69.77% of the stock is presently owned by hedge cash and other institutional traders.

About OceanFirst Fiscal

(Get Ranking)

OceanFirst Financial Corp. operates as a price savings and loan keeping enterprise, which engages in the provision of money solutions. Its subsidiary OceanFirst Lender, features industrial and residential financing answers, prosperity administration, and deposit services. It has retail branches throughout the point out and in metropolitan New York Metropolis along with financial loan creation workplaces in New Jersey, New York City and Pennsylvania.

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