OceanFirst Financial Corp. (OCFC) Receiving Somewhat Favorable News Coverage, Accern Reports

Press coverage about OceanFirst Financial Corp. (NASDAQ:OCFC) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. OceanFirst Financial Corp. earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave media stories about the savings and loans company an impact score of 45.790823494929 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Several equities research analysts have recently issued reports on OCFC shares. BidaskClub downgraded shares of OceanFirst Financial Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research downgraded shares of OceanFirst Financial Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 8th.

Shares of OceanFirst Financial Corp. (OCFC) opened at 24.81 on Monday. The company has a market cap of $796.95 million, a P/E ratio of 21.44 and a beta of 0.63. The stock’s 50 day moving average is $25.43 and its 200 day moving average is $27.03. OceanFirst Financial Corp. has a 12 month low of $18.99 and a 12 month high of $30.70.

In related news, Director Steven E. Brady sold 3,825 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $24.89, for a total transaction of $95,204.25. Following the transaction, the director now owns 67,177 shares in the company, valued at approximately $1,672,035.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.10% of the stock is owned by insiders.

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OceanFirst Financial Corp. Company Profile

OceanFirst Financial Corp. is a holding company for OceanFirst Bank (the Bank). The Company is a savings and loan holding company. The Bank’s principal business is attracting retail and business deposits in the communities surrounding its branch offices and investing those deposits primarily in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate and other commercial loans.

Insider Buying and Selling by Quarter for OceanFirst Financial Corp. (NASDAQ:OCFC)

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