Saturday, 30 June 2018

OceanFirst Financial Corp. (OCFC) EPS Estimated At $0.46; Armstrong World Industries (AWI) SI Increased By 5.78%

OceanFirst Financial Corp. (NASDAQ:OCFC) Logo

Armstrong World Industries Inc (NYSE:AWI) had an increase of 5.78% in short interest. AWI’s SI was 1.60 million shares in June as released by FINRA. Its up 5.78% from 1.51M shares previously. With 368,300 avg volume, 4 days are for Armstrong World Industries Inc (NYSE:AWI)’s short sellers to cover AWI’s short positions. The SI to Armstrong World Industries Inc’s float is 3.68%. The stock increased 1.36% or $0.85 during the last trading session, reaching $63.2. About 101,020 shares traded. Armstrong World Industries, Inc. (NYSE:AWI) has risen 47.88% since June 29, 2017 and is uptrending. It has outperformed by 35.31% the S&P500. Some Historical AWI News: 30/04/2018 – Correct: Armstrong World 1Q EPS 51c; 30/04/2018 – Armstrong World Raises 2018 View To EPS $3.60-EPS $3.82; 07/03/2018 Armstrong World Volume Rises Almost Quadruple 20 Day Average; 17/05/2018 – Research Report Identifies Armstrong World Industries, Empire State Realty Trust, Alder BioPharmaceuticals, Cadence, World Wres; 30/04/2018 – Armstrong World 1Q Cont Ops EPS 76c; 30/04/2018 – ARMSTRONG WORLD 1Q ADJ EPS CONT OPS 79C, EST. 80C; 12/03/2018 – LAUNCHED EQUITY OFFERINGS: AWI BL AQUA HLI MC EYE SABR; 30/04/2018 – Armstrong World 1Q EBITDA $70M; 30/04/2018 – ARMSTRONG WORLD RAISING FY EPS GUIDANCE TO $3.60 TO $3.82; 30/04/2018 – Armstrong World 1Q Loss/Shr 25c

Analysts expect OceanFirst Financial Corp. (NASDAQ:OCFC) to report $0.46 EPS on July, 26.They anticipate $0.06 EPS change or 15.00% from last quarter’s $0.4 EPS. OCFC’s profit would be $22.00M giving it 16.42 P/E if the $0.46 EPS is correct. After having $0.45 EPS previously, OceanFirst Financial Corp.’s analysts see 2.22% EPS growth. The stock increased 0.57% or $0.17 during the last trading session, reaching $30.22. About 56,631 shares traded. OceanFirst Financial Corp. (NASDAQ:OCFC) has risen 11.54% since June 29, 2017 and is uptrending. It has underperformed by 1.03% the S&P500. Some Historical OCFC News: 29/05/2018 – VP Iantosca Gifts 950 Of Oceanfirst Financial Corp; 20/04/2018 – OceanFirst Forms Golden Cross: Technicals; 08/05/2018 – OceanFirst Presenting at Conference Tomorrow; 23/03/2018 – OceanFirst Financial Corp. Schedules Earnings Conference Call; 26/04/2018 – OceanFirst 1Q Net Interest Income $55.7M; 09/04/2018 – OceanFirst Bank Announces Appointment of Jeana M. Piscatelli, Senior Vice Pres and Director of Cash Management; 26/04/2018 – Emerald Advisers Incorporated Buys 1.3% Position in OceanFirst; 05/04/2018 – OceanFirst Closes Above 200-Day Moving Average: Technicals; 07/05/2018 – OceanFirst Presenting at Conference May 9; 26/04/2018 – OCEANFIRST FINANCIAL CORP QTRLY NET INTEREST INCOME $55.7 MLN VS $41.5 MLN FOR SAME PRIOR YEAR PERIOD

More notable recent Armstrong World Industries, Inc. (NYSE:AWI) news were published by: Seekingalpha.com which released: “Armstrong World Industries acquires Plasterform, Inc.” on June 01, 2018, also Nasdaq.com with their article: “Recent Analysis Shows Cigna, Basic Energy Services, KalVista Pharmaceuticals, QuinStreet, Armstrong World …” published on June 25, 2018, Streetinsider.com published: “Armstrong World (AWI) Announces Acquisition of Plasterform Inc.” on June 01, 2018. More interesting news about Armstrong World Industries, Inc. (NYSE:AWI) were released by: Globenewswire.com and their article: “Market Trends Toward New Normal in Invesco Mortgage Capital, ZTO Express, Weight Watchers International …” published on June 13, 2018 as well as Investorplace.com‘s news article titled: “6 Winning Stocks to Buy as Housing Starts Hit 11-Yr High” with publication date: June 20, 2018.

Since March 12, 2018, it had 0 insider purchases, and 2 sales for $141.78 million activity. Shares for $1.72 million were sold by Cookson David S. $140.06M worth of stock was sold by ValueAct Holdings – L.P. on Monday, March 12.

Among 5 analysts covering Armstrong Ind (NYSE:AWI), 1 have Buy rating, 2 Sell and 2 Hold. Therefore 20% are positive. Armstrong Ind had 6 analyst reports since January 17, 2018 according to SRatingsIntel. The company was upgraded on Wednesday, April 4 by Goldman Sachs. The stock has “Sell” rating by J.P. Morgan on Wednesday, March 7. The firm has “Hold” rating given on Wednesday, January 17 by Jefferies. JP Morgan downgraded the shares of AWI in report on Wednesday, March 7 to “Underweight” rating. SunTrust maintained it with “Buy” rating and $67.0 target in Monday, February 26 report. The rating was maintained by Jefferies on Tuesday, February 27 with “Hold”.

Armstrong World Industries, Inc. designs, makes, and sells ceiling systems for use primarily in the construction and renovation of residential, commercial, and institutional buildings worldwide. The company has market cap of $3.28 billion. The firm produces suspended fiber and metal ceiling systems, and complementary ceiling products, as well as acoustical ceiling, wall, and structural solutions; and sells suspension system products. It has a 22.44 P/E ratio. It sells its commercial ceiling materials and accessories to resale distributors and ceiling system contractors; and residential ceiling products to wholesalers and retailers, including large home centers.

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.41, from 1.31 in 2017Q4. It dived, as 27 investors sold Armstrong World Industries, Inc. shares while 64 reduced holdings. 25 funds opened positions while 57 raised stakes. 52.88 million shares or 0.68% less from 53.24 million shares in 2017Q4 were reported. Texas-based Automobile Association has invested 0% in Armstrong World Industries, Inc. (NYSE:AWI). 199,971 are held by 13D Mgmt Limited Liability Company. Canada Pension Plan Board holds 277,500 shares. Ny State Common Retirement Fund invested in 0.02% or 292,867 shares. Morgan Stanley holds 0% in Armstrong World Industries, Inc. (NYSE:AWI) or 12,076 shares. 8,646 were reported by Bnp Paribas Arbitrage. London Com Of Virginia stated it has 1.99M shares. Teacher Retirement Sys Of Texas owns 8,780 shares. Golden Gate Private Equity has 3.9% invested in Armstrong World Industries, Inc. (NYSE:AWI). Utah Retirement Systems reported 8,139 shares. Sei Invests holds 0.04% in Armstrong World Industries, Inc. (NYSE:AWI) or 181,139 shares. Northwestern Mutual Wealth Mgmt has 163 shares for 0% of their portfolio. Tiaa Cref holds 144,000 shares or 0.01% of its portfolio. Washington Tru State Bank reported 155 shares. Massachusetts Fincl Services Company Ma stated it has 478,308 shares.

Investors sentiment increased to 2.31 in Q1 2018. Its up 0.52, from 1.79 in 2017Q4. It increased, as 9 investors sold OceanFirst Financial Corp. shares while 26 reduced holdings. 20 funds opened positions while 61 raised stakes. 32.10 million shares or 40.53% more from 22.84 million shares in 2017Q4 were reported. Glenmede Tru Na reported 0% in OceanFirst Financial Corp. (NASDAQ:OCFC). Moreover, Thomson Horstmann & Bryant has 0.56% invested in OceanFirst Financial Corp. (NASDAQ:OCFC). Seidman Lawrence B owns 90,184 shares for 1.84% of their portfolio. 51,811 were accumulated by Credit Suisse Ag. Comerica Savings Bank has invested 0.01% in OceanFirst Financial Corp. (NASDAQ:OCFC). Mendon Capital Advsr Corp has invested 2.64% in OceanFirst Financial Corp. (NASDAQ:OCFC). Wells Fargo Commerce Mn invested in 0% or 218,759 shares. Geode Cap Management Limited Liability Corporation has 389,187 shares for 0% of their portfolio. Federated Pa has 0% invested in OceanFirst Financial Corp. (NASDAQ:OCFC). Alphaone Invest Ser Limited Com holds 1.83% in OceanFirst Financial Corp. (NASDAQ:OCFC) or 249,582 shares. Moreover, Loomis Sayles And L P has 0.02% invested in OceanFirst Financial Corp. (NASDAQ:OCFC). Schwab Charles Mngmt holds 0% or 194,041 shares. Voya Invest Mngmt Ltd Liability Corporation accumulated 16,944 shares. Mariner Limited accumulated 82,057 shares. Ejf Cap Ltd Co holds 0.75% in OceanFirst Financial Corp. (NASDAQ:OCFC) or 350,000 shares.

Since January 8, 2018, it had 1 buy, and 5 selling transactions for $3.32 million activity. Another trade for 5,000 shares valued at $132,000 was made by IANTOSCA JOSEPH R on Monday, February 5. Devlin Michael D also sold $2.64M worth of OceanFirst Financial Corp. (NASDAQ:OCFC) shares. BRADY STEVEN E had sold 20,000 shares worth $520,320. On Thursday, February 15 CATANIA ANGELO sold $39,837 worth of OceanFirst Financial Corp. (NASDAQ:OCFC) or 1,505 shares. 2,000 shares valued at $53,000 were bought by Maher Christopher on Tuesday, May 1. Burke Joseph J had sold 1,490 shares worth $39,828 on Monday, January 8.

More news for OceanFirst Financial Corp. (NASDAQ:OCFC) were recently published by: Nasdaq.com, which released: “OceanFirst Financial Corp. Announces Appointment of Kim Guadagno to the Board of Directors” on June 28, 2018. Globenewswire.com‘s article titled: “OceanFirst Financial Corp. Schedules Earnings Conference Call” and published on June 18, 2018 is yet another important article.

OceanFirst Financial Corp. operates as the holding firm for OceanFirst Bank that provides a range of community banking services to retail, government, and business customers. The company has market cap of $1.45 billion. The firm accepts deposit products, such as money market deposit accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits. It has a 30.37 P/E ratio. The Company’s loan products include fixed-rate and adjustable-rate mortgage loans secured by one-to-four family residences; commercial real estate, commercial and residential construction, multi-family mortgage, and land loans; consumer loans, such as home equity loans and lines of credit, overdraft line of credit, and loans on savings accounts; and commercial and industrial loans, and lines of credit.

Among 6 analysts covering Oceanfirst Financial (NASDAQ:OCFC), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Oceanfirst Financial had 7 analyst reports since January 28, 2018 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Monday, February 26. The firm has “Buy” rating by Piper Jaffray given on Monday, February 12. Keefe Bruyette & Woods maintained OceanFirst Financial Corp. (NASDAQ:OCFC) on Sunday, January 28 with “Buy” rating. The firm has “Buy” rating given on Monday, June 25 by Hovde Group. On Thursday, May 24 the stock rating was maintained by DA Davidson with “Buy”. The company was maintained on Monday, February 5 by Sandler O’Neill.

OceanFirst Financial Corp. (NASDAQ:OCFC) Institutional Positions Chart

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