1 day Ago By ABMN Staff
Commonwealth Equity Services LLC reduced its position in OceanFirst Financial Corp. ( NASDAQ:OCFC – Free Report ) by 8.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission.
The firm owned 53,695 shares of the savings and loans company’s stock after selling 4,981 shares during the quarter. Commonwealth Equity Services LLC owned about 0.09% of OceanFirst Financial worth $853,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of OceanFirst Financial by 3.
1% during the first quarter. Vanguard Group Inc. now owns 3,475,107 shares of the savings and loans company’s stock valued at $57,027,000 after acquiring an additional 105,764 shares in the last quarter.
Boston Partners grew its stake in shares of OceanFirst Financial by 3.2% during the first quarter. Boston Partners now owns 1,391,127 shares of the savings and loans company’s stock valued at $22,505,000 after acquiring an additional 42,966 shares in the last quarter.
Goldman Sachs Group Inc. grew its stake in shares of OceanFirst Financial by 6.8% during the fourth quarter.
Goldman Sachs Group Inc. now owns 1,046,061 shares of the savings and loans company’s stock valued at $18,160,000 after acquiring an additional 66,868 shares in the last quarter. Charles Schwab Investment Management Inc.
grew its stake in shares of OceanFirst Financial by 20.0% during the fourth quarter. Charles Schwab Investment Management Inc.
now owns 834,391 shares of the savings and loans company’s stock valued at $14,485,000 after acquiring an additional 139,047 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of OceanFirst Financial by 4.6% during the second quarter.
Bank of New York Mellon Corp now owns 498,113 shares of the savings and loans company’s stock valued at $7,915,000 after acquiring an additional 21,765 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.
OceanFirst Financial Trading Down 0.1 % NASDAQ OCFC opened at $18.13 on Thursday.
OceanFirst Financial Corp. has a twelve month low of $12.01 and a twelve month high of $18.
97. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.
01 and a current ratio of 1.01. The stock has a market cap of $1.
06 billion, a price-to-earnings ratio of 10.60 and a beta of 1.01.
The firm’s 50 day moving average price is $17.22 and its two-hundred day moving average price is $15.93.
OceanFirst Financial Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were issued a $0.20 dividend.
This represents a $0.80 dividend on an annualized basis and a yield of 4.41%.
The ex-dividend date of this dividend was Monday, August 5th. OceanFirst Financial’s dividend payout ratio is presently 46.78%.
Wall Street Analysts Forecast Growth Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $18.00 price target (down from $19.00) on shares of OceanFirst Financial in a research note on Friday, May 31st.
Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $18.
25. Check Out Our Latest Report on OceanFirst Financial OceanFirst Financial Profile ( Free Report ) OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.
A. that provides community banking services to retail and commercial customers. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits, that includes brokered deposits to retail, government, and business customers.
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