31,550 Shares in OceanFirst Financial Corp. (NASDAQ:OCFC) Purchased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC purchased a new stake in OceanFirst Financial Corp. (NASDAQ:OCFCFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 31,550 shares of the savings and loans company’s stock, valued at approximately $548,000. Campbell & CO Investment Adviser LLC owned 0.05% of OceanFirst Financial as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of OceanFirst Financial by 20.0% in 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 purchasing an additional 139,047 shares during the period. Quest Partners LLC purchased a new position in OceanFirst Financial during the 4th quarter worth $830,000. Eagle Wealth Strategies LLC acquired a new stake in shares of OceanFirst Financial in the 4th quarter worth $946,000. GSA Capital Partners LLP purchased a new stake in shares of OceanFirst Financial in the third quarter valued at about $1,015,000. Finally, Federated Hermes Inc. acquired a new position in shares of OceanFirst Financial during the fourth quarter worth about $1,701,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at OceanFirst Financial

In related news, EVP Brian Schaeffer sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $15.49, for a total value of $54,215.00. Following the sale, the executive vice president now owns 41,868 shares of the company’s stock, valued at approximately $648,535.32. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 5.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Stephens restated an “equal weight” rating and issued a $20.00 price objective on shares of OceanFirst Financial in a research report on Friday, April 19th. Raymond James reduced their price target on OceanFirst Financial from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Monday, April 22nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $18.00 price objective (down previously from $19.00) on shares of OceanFirst Financial in a report on Friday, May 31st. Finally, StockNews.com raised OceanFirst Financial from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $18.00.

Read Our Latest Stock Report on OceanFirst Financial

OceanFirst Financial Stock Up 0.8 %

OCFC opened at $14.40 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.00. The company has a market cap of $845.42 million, a price-to-earnings ratio of 8.42 and a beta of 1.02. OceanFirst Financial Corp. has a one year low of $12.01 and a one year high of $19.58. The business’s fifty day moving average is $15.19 and its two-hundred day moving average is $15.77.

OceanFirst Financial (NASDAQ:OCFCGet Free Report) last released its quarterly earnings data on Thursday, April 18th. The savings and loans company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. OceanFirst Financial had a net margin of 15.54% and a return on equity of 6.17%. The business had revenue of $98.51 million for the quarter, compared to analyst estimates of $95.45 million. Analysts anticipate that OceanFirst Financial Corp. will post 1.71 EPS for the current fiscal year.

OceanFirst Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Monday, May 6th were given a $0.20 dividend. The ex-dividend date was Friday, May 3rd. This represents a $0.80 annualized dividend and a dividend yield of 5.56%. OceanFirst Financial’s dividend payout ratio is presently 46.78%.

OceanFirst Financial Company 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.

Further Reading

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Institutional Ownership by Quarter for OceanFirst Financial (NASDAQ:OCFC)

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