A statement released earlier today by Zacks Investment Research about OceanFirst Financial Corp. (NASDAQ:OCFC) bumps the target price to $27.00
- Updated: November 30, 2016
Yesterday OceanFirst Financial Corp. (NASDAQ:OCFC) traded -0.25% lower at $23.71. The company’s 50-day moving average is $21.02 and its 200-day moving average is $19.36. The last stock close price is up 22.51% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 0 shares of the stock were exchanged, down from an average trading volume of 107,277
Stating a potential upside of 0.14%, Zacks Investment Research upped the price target of OceanFirst Financial Corp. (NASDAQ:OCFC) to $27.00
Previously on 1/7/2016, KBW reported about OceanFirst Financial Corp. (NASDAQ:OCFC) raised the target price from $21.00 to $23.00. At the time, this indicated a possible upside of 0.23%.
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OceanFirst Financial Corp. has a 52 week low of $15.98 and a 52 week high of $24.07 with a P/E ratio of 22.17 The company’s market cap is currently $0.
About OceanFirst Financial Corp. (NASDAQ:OCFC)
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. The Bank also invests in other types of loans, including residential construction and consumer loans. In addition, the Bank invests in mortgage-backed securities (MBS), securities issued by the United States Government and agencies thereof, corporate securities and other investments permitted by applicable law and regulations. The Bank's revenues are derived principally from interest on its loans, interest on its investment and MBS. The Bank also receives income from fees and service charges on loan and deposit products, wealth management services and others.
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