OceanFirst Financial Corp. (OCFC) Analysts See $0.38 EPS

April 16, 2018 - By Larry Anderson

OceanFirst Financial Corp. (NASDAQ:OCFC) LogoInvestors sentiment increased to 1.79 in Q4 2017. Its up 0.05, from 1.74 in 2017Q3. It increased, as 9 investors sold OceanFirst Financial Corp. shares while 29 reduced holdings. 26 funds opened positions while 42 raised stakes. 22.84 million shares or 4.61% more from 21.84 million shares in 2017Q3 were reported.
Zebra Cap Mgmt Ltd Limited Liability Company holds 0.19% or 21,043 shares. Lpl Ltd Liability Corp holds 15,543 shares. Bancorp Of Montreal Can reported 0% stake. Rhumbline Advisers holds 32,703 shares. Loomis Sayles And L P invested in 0.02% or 367,484 shares. Lord Abbett And Co Ltd Liability Corp accumulated 0.02% or 302,711 shares. Alliancebernstein Lp has invested 0% in OceanFirst Financial Corp. (NASDAQ:OCFC). Highlander Cap Management Ltd Llc has 0.17% invested in OceanFirst Financial Corp. (NASDAQ:OCFC) for 8,706 shares. Martingale Asset Management L P, Massachusetts-based fund reported 13,507 shares. 1,000 were reported by Earnest Limited Co. Thomson Horstmann And Bryant, Connecticut-based fund reported 166,851 shares. Alps Advsrs holds 0% in OceanFirst Financial Corp. (NASDAQ:OCFC) or 18,856 shares. 1.44M are held by Renaissance Techs Ltd Liability Corp. Emerald Mutual Fund Advisers Tru has invested 0.19% of its portfolio in OceanFirst Financial Corp. (NASDAQ:OCFC). State Of Wisconsin Invest Board has invested 0.01% in OceanFirst Financial Corp. (NASDAQ:OCFC).

Since January 8, 2018, it had 0 buys, and 4 selling transactions for $731,985 activity. $39,837 worth of OceanFirst Financial Corp. (NASDAQ:OCFC) was sold by CATANIA ANGELO. Shares for $39,828 were sold by Burke Joseph J. IANTOSCA JOSEPH R had sold 5,000 shares worth $132,000.

Analysts expect OceanFirst Financial Corp. (NASDAQ:OCFC) to report $0.38 EPS on April, 26.They anticipate $0.02 EPS change or 5.00 % from last quarter’s $0.4 EPS. OCFC’s profit would be $18.01 million giving it 17.34 P/E if the $0.38 EPS is correct. After having $0.45 EPS previously, OceanFirst Financial Corp.’s analysts see -15.56 % EPS growth. The stock increased 0.50% or $0.13 during the last trading session, reaching $26.35. About 20,916 shares traded. OceanFirst Financial Corp. (NASDAQ:OCFC) has declined 4.04% since April 16, 2017 and is downtrending. It has underperformed by 15.59% the S&P500.

OceanFirst Financial Corp. (NASDAQ:OCFC) Ratings Coverage

Among 3 analysts covering Oceanfirst Financial (NASDAQ:OCFC), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Oceanfirst Financial had 6 analyst reports since October 26, 2017 according to SRatingsIntel. The stock of OceanFirst Financial Corp. (NASDAQ:OCFC) earned “Buy” rating by Sandler O’Neill on Monday, February 5. The rating was maintained by Piper Jaffray with “Buy” on Monday, February 12. The rating was maintained by Piper Jaffray on Thursday, October 26 with “Buy”. Keefe Bruyette & Woods maintained OceanFirst Financial Corp. (NASDAQ:OCFC) rating on Monday, February 26. Keefe Bruyette & Woods has “Buy” rating and $32.0 target. The stock of OceanFirst Financial Corp. (NASDAQ:OCFC) has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The stock of OceanFirst Financial Corp. (NASDAQ:OCFC) has “Buy” rating given on Sunday, January 28 by Keefe Bruyette & Woods.

OceanFirst Financial Corp. operates as the holding firm for OceanFirst Bank that provides a range of community banking services to retail, government, and business customers. The company has market cap of $1.25 billion. The firm accepts deposit products, such as money market deposit accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits. It has a 20.59 P/E ratio. The Company’s loan products include fixed-rate and adjustable-rate mortgage loans secured by one-to-four family residences; commercial real estate, commercial and residential construction, multi-family mortgage, and land loans; consumer loans, such as home equity loans and lines of credit, overdraft line of credit, and loans on savings accounts; and commercial and industrial loans, and lines of credit.

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

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