Barclays PLC Has $6.75 Million Holdings in OceanFirst Financial Corp. (NASDAQ:OCFC)

Barclays PLC grew its stake in OceanFirst Financial Corp. (NASDAQ:OCFC - Free Report) by 24.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 372,771 shares of the savings and loans company's stock after purchasing an additional 73,337 shares during the quarter. Barclays PLC owned approximately 0.64% of OceanFirst Financial worth $6,747,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Foundry Partners LLC lifted its position in OceanFirst Financial by 1,985.9% during the fourth quarter. Foundry Partners LLC now owns 303,794 shares of the savings and loans company's stock worth $5,499,000 after acquiring an additional 289,230 shares during the last quarter. JPMorgan Chase & Co. lifted its position in OceanFirst Financial by 14.6% during the third quarter. JPMorgan Chase & Co. now owns 1,241,191 shares of the savings and loans company's stock worth $23,074,000 after acquiring an additional 157,711 shares during the last quarter. American Century Companies Inc. lifted its position in OceanFirst Financial by 11.2% during the fourth quarter. American Century Companies Inc. now owns 1,208,800 shares of the savings and loans company's stock worth $21,879,000 after acquiring an additional 121,923 shares during the last quarter. Invesco Ltd. lifted its position in OceanFirst Financial by 4.2% during the fourth quarter. Invesco Ltd. now owns 1,675,259 shares of the savings and loans company's stock worth $30,322,000 after acquiring an additional 67,010 shares during the last quarter. Finally, Trexquant Investment LP lifted its position in OceanFirst Financial by 59.2% during the fourth quarter. Trexquant Investment LP now owns 115,653 shares of the savings and loans company's stock worth $2,093,000 after acquiring an additional 43,019 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

OceanFirst Financial Price Performance

OCFC traded down $0.18 during trading on Wednesday, hitting $16.56. 264,637 shares of the stock traded hands, compared to its average volume of 295,430. OceanFirst Financial Corp. has a twelve month low of $14.03 and a twelve month high of $21.87. The company has a market cap of $966.79 million, a price-to-earnings ratio of 10.04 and a beta of 0.94. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.01 and a quick ratio of 1.00. The business has a 50 day moving average price of $16.55 and a 200 day moving average price of $18.08.

OceanFirst Financial (NASDAQ:OCFC - Get Free Report) last posted its earnings results on Thursday, April 24th. The savings and loans company reported $0.35 earnings per share for the quarter, hitting analysts' consensus estimates of $0.35. The firm had revenue of $97.91 million for the quarter, compared to analysts' expectations of $95.66 million. OceanFirst Financial had a net margin of 14.45% and a return on equity of 5.75%. Equities research analysts forecast that OceanFirst Financial Corp. will post 1.6 earnings per share for the current fiscal year.

OceanFirst Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Monday, May 5th will be paid a $0.20 dividend. The ex-dividend date is Monday, May 5th. This represents a $0.80 annualized dividend and a dividend yield of 4.83%. OceanFirst Financial's dividend payout ratio is 52.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on OCFC shares. Stephens restated an "equal weight" rating and set a $22.00 price objective on shares of OceanFirst Financial in a research report on Friday, January 24th. Hovde Group cut their price objective on shares of OceanFirst Financial from $23.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, January 27th. Keefe, Bruyette & Woods dropped their price target on shares of OceanFirst Financial from $21.00 to $20.00 and set a "market perform" rating for the company in a research report on Monday. Finally, Raymond James dropped their price target on shares of OceanFirst Financial from $24.00 to $21.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $20.67.

OceanFirst Financial Profile

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.