Today, the COB, Pres & CEO of Oceanfirst Financial (NASDAQ: OCFC), Christopher Maher, bought shares of OCFC for $53K.
Following Christopher Maher’s last OCFC Buy transaction on December 03, 2014, the stock climbed by 11.6%. This recent transaction increases Christopher Maher’s holding in the company by 2.12% to a total of $2.6 million.
See today’s analyst top recommended stocks >>
Based on Oceanfirst Financial’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $71.75 million and quarterly net profit of $5.43 million. In comparison, last year the company earned revenue of $52.01 million and had a net profit of $12.02 million. The company has a one-year high of $29.46 and a one-year low of $24.02. OCFC’s market cap is $1.3B and the company has a P/E ratio of 25.91.
Starting in September 2017, OCFC received 8 Buy ratings in a row. Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $31.67, reflecting a -15.0% downside. Five different firms, including D.A. Davidson and KBW, currently also have a Buy rating on the stock.
The insider sentiment on Oceanfirst Financial has been negative according to 45 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
OceanFirst Financial Corp. is a savings and loan holding company, which engages in the provision of financial services. Its subsidiary, OceanFirst Bank, offers commercial and residential financing solutions, wealth management, and deposit services. The company is headquartered in Toms River, NJ.
