OceanFirst Financial Corp. (NASDAQ:OCFC) – Equities research analysts at FIG Partners issued their FY2018 earnings estimates for OceanFirst Financial Corp. in a research report issued to clients and investors on Monday. FIG Partners analyst D. Bishop expects that the firm will earn $1.82 per share for the year.

Earnings History and Estimates for OceanFirst Financial Corp. (NASDAQ:OCFC)

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

OceanFirst Financial Corp. (NASDAQ:OCFC) traded up 0.04% during trading on Wednesday, reaching $23.83. The company’s stock had a trading volume of 80,864 shares. OceanFirst Financial Corp. has a 52 week low of $15.98 and a 52 week high of $23.92. The company has a market capitalization of $606.09 million, a PE ratio of 22.27 and a beta of 0.51. The company has a 50 day moving average price of $20.59 and a 200-day moving average price of $19.22.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Monday, November 7th were paid a $0.15 dividend. This is an increase from OceanFirst Financial Corp.’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Thursday, November 3rd. OceanFirst Financial Corp.’s dividend payout ratio (DPR) is presently 56.08%.

In related news, CAO Joseph R. Iantosca sold 2,700 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $20.90, for a total value of $56,430.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John R. Garbarino sold 160,220 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $19.25, for a total value of $3,084,235.00. The disclosure for this sale can be found here. 11.10% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in OCFC. Victory Capital Management Inc. increased its position 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 valued at $976,000 after buying an additional 230 shares during the last quarter. LPL Financial LLC boosted its stake in OceanFirst Financial Corp. by 2.0% in the third quarter. LPL Financial LLC now owns 15,599 shares of the company’s stock valued at $300,000 after buying an additional 300 shares during the period. 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 valued at $546,000 after buying an additional 400 shares during the period. 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 valued at $834,000 after buying an additional 400 shares during the period. Finally, 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 valued at $414,000 after buying an additional 500 shares during the period. 61.30% of the stock is owned by institutional investors.

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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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