2 weeks Ago By Defense World Staff
KLP Kapitalforvaltning AS acquired a new position in shares of OceanFirst Financial Corp. (NASDAQ:OCFC – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 29,800 shares of the savings and loans company’s stock, valued at approximately $539,000.
KLP Kapitalforvaltning AS owned 0.05% of OceanFirst Financial at the end of the most recent quarter. Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OCFC.
Intech Investment Management LLC bought a new stake in OceanFirst Financial in the 3rd quarter valued at approximately $192,000. Cerity Partners LLC raised its holdings in shares of OceanFirst Financial by 4.7% in the third quarter.
Cerity Partners LLC now owns 41,905 shares of the savings and loans company’s stock valued at $779,000 after purchasing an additional 1,890 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of OceanFirst Financial in the third quarter worth $202,000. Point72 Asia Singapore Pte.
Ltd. boosted its holdings in OceanFirst Financial by 82.3% during the third quarter.
Point72 Asia Singapore Pte. Ltd. now owns 3,055 shares of the savings and loans company’s stock worth $57,000 after purchasing an additional 1,379 shares during the last quarter.
Finally, Jacobs Levy Equity Management Inc. bought a new position in OceanFirst Financial in the third quarter valued at $312,000. 70.
98% of the stock is currently owned by institutional investors. OceanFirst Financial Trading Down 9.5 %Shares of OCFC stock opened at $15.
55 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.
00 and a current ratio of 1.01. OceanFirst Financial Corp.
has a fifty-two week low of $14.03 and a fifty-two week high of $21.87.
The company has a market cap of $910.56 million, a PE ratio of 9.42 and a beta of 1.
03. The stock’s fifty day moving average price is $17.57 and its two-hundred day moving average price is $18.
42. OceanFirst Financial (NASDAQ:OCFC – Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The savings and loans company reported $0.
38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02.
OceanFirst Financial had a net margin of 14.45% and a return on equity of 5.75%.
Equities analysts predict that OceanFirst Financial Corp. will post 1.6 EPS for the current fiscal year.
OceanFirst Financial Dividend AnnouncementThe business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.20 per share.
This represents a $0.80 annualized dividend and a yield of 5.14%.
The ex-dividend date was Monday, February 3rd. OceanFirst Financial’s payout ratio is presently 48.48%.
Analyst Upgrades and DowngradesOCFC has been the topic of a number of recent analyst reports. Stephens restated an “equal weight” rating and set a $22.00 target price on shares of OceanFirst Financial in a report on Friday, January 24th.
Raymond James lowered their price objective on shares of OceanFirst Financial from $24.00 to $21.00 and set a “strong-buy” rating on the stock in a research note on Wednesday.
Finally, Hovde Group cut their target price on shares of OceanFirst Financial from $23.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, January 27th.
Five analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $21.
00.View Our Latest Analysis on OCFCOceanFirst 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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(NASDAQ:OCFC – Free Report)..
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