Forecasting The Future: 4 Analyst Projections For OceanFirst Financial
Portfolio Pulse from Benzinga Insights
Four analysts have recently evaluated OceanFirst Financial (NASDAQ:OCFC), with mixed sentiments ranging from somewhat bullish to indifferent. The average 12-month price target has decreased by 8.33% to $19.25. Key analysts have lowered their ratings and price targets, reflecting recent market conditions and company performance. OceanFirst Financial has faced a revenue decline of -2.14% over the past three months, with lower-than-average ROE and ROA, and a higher debt-to-equity ratio compared to industry peers.
May 31, 2024 | 2:01 pm
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NEGATIVE IMPACT
OceanFirst Financial has received mixed analyst ratings, with a decrease in the average 12-month price target to $19.25. Analysts have lowered their ratings and price targets, reflecting recent market conditions and company performance. The company has faced a revenue decline of -2.14% over the past three months, with lower-than-average ROE and ROA, and a higher debt-to-equity ratio compared to industry peers.
The mixed analyst ratings and lowered price targets indicate a bearish sentiment towards OceanFirst Financial. The company's recent revenue decline, lower-than-average ROE and ROA, and higher debt-to-equity ratio suggest financial challenges, likely leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100