OceanFirst Financial Corp. (NASDAQ:OCFC) EVP Joseph Lebel III sold 20,050 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $26.54, for a total transaction of $532,127.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Joseph Lebel III also recently made the following trade(s):
- On Tuesday, May 23rd, Joseph Lebel III sold 10,125 shares of OceanFirst Financial Corp. stock. The stock was sold at an average price of $26.39, for a total transaction of $267,198.75.
- On Thursday, March 2nd, Joseph Lebel III sold 626 shares of OceanFirst Financial Corp. stock. The stock was sold at an average price of $29.39, for a total transaction of $18,398.14.
OceanFirst Financial Corp. (NASDAQ OCFC) traded down 0.14% during midday trading on Friday, reaching $28.09. 123,518 shares of the company traded hands. The company’s 50-day moving average price is $27.33 and its 200 day moving average price is $28.19. The firm has a market capitalization of $896.07 million, a PE ratio of 25.19 and a beta of 0.61. OceanFirst Financial Corp. has a 12 month low of $17.50 and a 12 month high of $30.70.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Monday, May 8th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Thursday, May 4th. This is an increase from OceanFirst Financial Corp.’s previous quarterly dividend of $0.13. OceanFirst Financial Corp.’s dividend payout ratio is 55.05%.
Several equities research analysts recently issued reports on OCFC shares. Zacks Investment Research cut shares of OceanFirst Financial Corp. from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 5th. Keefe, Bruyette & Woods restated a “buy” rating and set a $32.00 price objective on shares of OceanFirst Financial Corp. in a research report on Wednesday, May 3rd.
A number of hedge funds have recently bought and sold shares of OCFC. JPMorgan Chase & Co. increased its stake in OceanFirst Financial Corp. by 141.8% in the third quarter. JPMorgan Chase & Co. now owns 94,810 shares of the savings and loans company’s stock worth $1,826,000 after buying an additional 55,594 shares during the period. EJF Capital LLC increased its stake in OceanFirst Financial Corp. by 41.4% in the third quarter. EJF Capital LLC now owns 1,519,119 shares of the savings and loans company’s stock worth $29,258,000 after buying an additional 445,000 shares during the period. Private Capital Management LLC increased its stake in OceanFirst Financial Corp. by 0.6% in the third quarter. Private Capital Management LLC now owns 348,327 shares of the savings and loans company’s stock worth $6,709,000 after buying an additional 1,961 shares during the period. Quantum Capital Management LLC NJ acquired a new stake in OceanFirst Financial Corp. during the third quarter worth about $201,000. Finally, Russell Investments Group Ltd. acquired a new stake in OceanFirst Financial Corp. during the fourth quarter worth about $622,000. 67.57% of the stock is owned by hedge funds and other institutional investors.
About OceanFirst Financial Corp.
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.
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