OceanFirst Financial Corp. (NASDAQ:OCFC)’s share price traded down 1.4% on Wednesday . The company traded as low as $18.38 and last traded at $18.47, with a volume of 65,476 shares. The stock had previously closed at $18.74.

A number of equities analysts recently weighed in on the company. Zacks Investment Research raised OceanFirst Financial Corp. from a “hold” rating to a “strong-buy” rating and set a $22.00 price target for the company in a report on Thursday, April 28th. Piper Jaffray Cos. reaffirmed a “buy” rating and issued a $22.00 price target on shares of OceanFirst Financial Corp. in a report on Monday, April 25th.

The stock has a market capitalization of $312.76 million and a P/E ratio of 16.23. The company has a 50 day moving average of $18.47 and a 200-day moving average of $17.94.

OceanFirst Financial Corp. (NASDAQ:OCFC) last released its earnings results on Thursday, April 21st. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.08. Equities research analysts anticipate that OceanFirst Financial Corp. will post $0.94 earnings per share for the current year.

Other hedge funds recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in shares of OceanFirst Financial Corp. by 15.9% in the fourth quarter. Victory Capital Management Inc. now owns 53,225 shares of the company’s stock valued at $1,066,000 after buying an additional 7,290 shares in the last quarter. Foresters Investment Management Company Inc. boosted its stake in shares of OceanFirst Financial Corp. by 1.3% in the fourth quarter. Foresters Investment Management Company Inc. now owns 234,500 shares of the company’s stock valued at $4,697,000 after buying an additional 3,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of OceanFirst Financial Corp. by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 617,749 shares of the company’s stock valued at $12,374,000 after buying an additional 16,692 shares in the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.