1 week Ago By ABMN Staff
JPMorgan Chase & Co. lowered its position in OceanFirst Financial Corp. ( NASDAQ:OCFC – Free Report ) by 8.
3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,138,685 shares of the savings and loans company’s stock after selling 102,506 shares during the period. JPMorgan Chase & Co.
’s holdings in OceanFirst Financial were worth $20,610,000 at the end of the most recent quarter. Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Captrust Financial Advisors purchased a new position in OceanFirst Financial during the third quarter worth approximately $202,000.
Wellington Management Group LLP increased its stake in shares of OceanFirst Financial by 587.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,082,855 shares of the savings and loans company’s stock worth $20,130,000 after acquiring an additional 925,283 shares during the last quarter.
Jane Street Group LLC raised its holdings in shares of OceanFirst Financial by 0.7% during the 3rd quarter. Jane Street Group LLC now owns 71,504 shares of the savings and loans company’s stock worth $1,329,000 after acquiring an additional 494 shares during the period.
Barclays PLC boosted its position in shares of OceanFirst Financial by 13.0% during the 3rd quarter. Barclays PLC now owns 299,434 shares of the savings and loans company’s stock valued at $5,566,000 after acquiring an additional 34,458 shares during the last quarter.
Finally, Geode Capital Management LLC grew its holdings in shares of OceanFirst Financial by 2.0% in the third quarter. Geode Capital Management LLC now owns 1,421,373 shares of the savings and loans company’s stock valued at $26,428,000 after purchasing an additional 27,579 shares during the period.
Institutional investors and hedge funds own 70.98% of the company’s stock. Analyst Upgrades and Downgrades A number of analysts have recently issued reports on the stock.
Hovde Group cut their price target on shares of OceanFirst Financial from $23.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, January 27th.
Raymond James cut their target price on OceanFirst Financial from $24.00 to $21.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 2nd.
Finally, Stephens reaffirmed an “equal weight” rating and issued a $22.00 price target on shares of OceanFirst Financial in a research note on Friday, January 24th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock.
According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $21.00.
OceanFirst Financial Stock Performance Shares of OCFC stock opened at $14.95 on Friday. The firm has a 50 day moving average of $17.
14 and a two-hundred day moving average of $18.27. The stock has a market capitalization of $875.
43 million, a PE ratio of 9.06 and a beta of 0.94.
The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.
79. OceanFirst Financial Corp. has a 52 week low of $14.
03 and a 52 week high of $21.87. OceanFirst Financial ( NASDAQ:OCFC – Get Free Report ) last released its earnings results on Thursday, January 23rd.
The savings and loans company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.
02. OceanFirst Financial had a return on equity of 5.75% and a net margin of 14.
45%. On average, research analysts predict that OceanFirst Financial Corp. will post 1.
6 EPS for the current fiscal year. OceanFirst Financial Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.
20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.
35%. The ex-dividend date was Monday, February 3rd. OceanFirst Financial’s dividend payout ratio is presently 48.
48%. About OceanFirst Financial ( 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.
Recommended Stories Want to see what other hedge funds are holding OCFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OceanFirst Financial Corp. ( NASDAQ:OCFC – Free Report ).
Receive News & Ratings for OceanFirst Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OceanFirst Financial and related companies with MarketBeat.com's FREE daily email newsletter ..
