On May 18, 2018 OceanFirst Financial Corp (NASDAQ:OCFC) will pay $0.15 dividend

May 3, 2018 - By Ronnie Lemelle

OceanFirst Financial Corp. (NASDAQ:OCFC) Corporate Logo
During Q4 2017 the big money sentiment increased to 1.79. That’s change of 0.05, from 2017Q3’s 1.74. 9 investors sold all, 29 reduced holdings as OceanFirst Financial Corp. ratio increased. 42 increased holdings while 26 funds took holdings. Funds hold 22.84 million shares thus 4.61% more from 2017Q3’s 21.84 million shares.
Vanguard Gp stated it has 0% in OceanFirst Financial Corp. (NASDAQ:OCFC). Fj Cap Mgmt Ltd Liability stated it has 2.04% in OceanFirst Financial Corp. (NASDAQ:OCFC). Moreover, Wedge Capital L Lp Nc has 0.12% invested in OceanFirst Financial Corp. (NASDAQ:OCFC) for 495,307 shs. 114,400 are owned by Prospector Partners Limited Liability Company. Parallax Volatility Advisers L P, California-based fund reported 4,788 shs. Elizabeth Park Capital Advisors Ltd has 158,488 shs for 1.34% of their capital. State Bank Of America De reported 66,014 shs or 0% of all its holdings. Clover Lp has invested 3.66% in OceanFirst Financial Corp. (NASDAQ:OCFC). The New Jersey-based Tradition Capital Mngmt Limited Liability Corporation has invested 0.12% in OceanFirst Financial Corp. (NASDAQ:OCFC). Emerald Mutual Fund Advisers Tru accumulated 185,812 shs. 16,142 are owned by D E Shaw And. Great West Life Assurance Comm Can holds 0% or 2,600 shs in its capital. Delta Asset Mngmt Ltd Liability Tn invested in 750 shs or 0% of the stock. Endeavour Advisors holds 42,274 shs or 0.45% of its capital. Glenmede Trust Co Na owns 300 shs.

OceanFirst Financial Corp. had 4 insider sales and 0 insider buys since January 8, 2018. This’s net activity of $731,985. $132,000 worth of OceanFirst Financial Corp. (NASDAQ:OCFC) shs were sold by IANTOSCA JOSEPH R. 20,000 OceanFirst Financial Corp. (NASDAQ:OCFC) shs with value of $520,320 were sold by BRADY STEVEN E. CATANIA ANGELO sold $39,837 worth of stock.

Shareholders expect $0.15 dividend by OceanFirst Financial Corp to be distributed on May 18, 2018, according to Zacks. The dividend has May 4, 2018 ex-date. The dividend is 0.56 % from OceanFirst Financial Corp’s price of $26.95. It has announcement date Apr 26, 2018 and record date May 7, 2018. OCFC reached $26.95 during the last trading session after $0.16 change.OceanFirst Financial Corp. is downtrending after having declined 4.04% since May 3, 2017. OCFC has 335,230 volume or 38.55% up from normal. OCFC underperformed the S&P 500 by 15.59%.

OceanFirst Financial Corp. operates as the holding firm for OceanFirst Bank that provides a range of community banking services to retail, government, and business customers.The company has $1.29 billion market cap. The firm accepts deposit products, such as money market deposit accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits.The P/E ratio is 21.05. The Company’s loan products include fixed-rate and adjustable-rate mortgage loans secured by one-to-four family residences; commercial real estate, commercial and residential construction, multi-family mortgage, and land loans; consumer loans, such as home equity loans and lines of credit, overdraft line of credit, and loans on savings accounts; and commercial and industrial loans, and lines of credit.

OceanFirst Financial Corp. (NASDAQ:OCFC) Ratings Coverage

Total analysts of 3 have positions in Oceanfirst Financial (NASDAQ:OCFC) as follows: 3 rated it a “Buy”, 0 with “Sell” and 0 with “Hold”. The positive are 100%. The firm has $37.0 highest while $31.0 is the lowest PT. The average target $31.67 is 17.51% above the last ($26.95) price. Since December 21, 2017 according to StockzIntelligence Inc Oceanfirst Financial has 5 analyst reports. On Sunday, January 28 the firm has “Buy” rating given by Keefe Bruyette & Woods. In Thursday, December 21 report Keefe Bruyette & Woods maintained the stock with “Buy” rating. On Monday, February 5 the rating was maintained by Sandler O’Neill with “Buy”. In Monday, February 12 report Piper Jaffray maintained the stock with “Buy” rating. On Monday, February 26 Keefe Bruyette & Woods maintained the shares of OCFC in report with “Buy” rating.

OceanFirst Financial Corp. (NASDAQ:OCFC) Institutional Investors Chart

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