OceanFirst Financial Corp. (NASDAQ:OCFC) CAO Joseph R. Iantosca sold 2,700 shares of the stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $20.90, for a total transaction of $56,430.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

OceanFirst Financial Corp. (NASDAQ:OCFC) opened at 21.87 on Friday. OceanFirst Financial Corp. has a 52 week low of $15.98 and a 52 week high of $22.02. The company has a market capitalization of $556.24 million, a PE ratio of 20.44 and a beta of 0.51. The company’s 50-day moving average price is $19.74 and its 200 day moving average price is $18.95.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Stockholders of record on Monday, November 7th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 3rd. This is a boost from OceanFirst Financial Corp.’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.74%. OceanFirst Financial Corp.’s payout ratio is currently 56.08%.

Separately, Zacks Investment Research raised shares of OceanFirst Financial Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, November 2nd.

Hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its stake in OceanFirst Financial Corp. by 0.4% in the second quarter. Victory Capital Management Inc. now owns 53,740 shares of the company’s stock worth $976,000 after buying an additional 230 shares in the last quarter. Rhumbline Advisers boosted its stake in OceanFirst Financial Corp. by 1.4% in the third quarter. Rhumbline Advisers now owns 28,368 shares of the company’s stock worth $546,000 after buying an additional 400 shares in the last quarter. California State Teachers Retirement System boosted its stake in OceanFirst Financial Corp. by 0.9% in the third quarter. California State Teachers Retirement System now owns 43,304 shares of the company’s stock worth $834,000 after buying an additional 400 shares in the last quarter. Alpine Woods Capital Investors LLC boosted its stake in OceanFirst Financial Corp. by 2.4% in the third quarter. Alpine Woods Capital Investors LLC now owns 21,500 shares of the company’s stock worth $414,000 after buying an additional 500 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in OceanFirst Financial Corp. by 2.0% in the third quarter. First Trust Advisors LP now owns 36,519 shares of the company’s stock worth $703,000 after buying an additional 714 shares in the last quarter. Institutional investors and hedge funds own 60.61% of the company’s stock.

OceanFirst Financial Corp. Company Profile

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.

5 Day Chart for NASDAQ:OCFC

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