BNP Paribas Financial Markets Has $684,000 Holdings in OceanFirst Financial Corp. (NASDAQ:OCFC)

BNP Paribas Financial Markets decreased its holdings in OceanFirst Financial Corp. (NASDAQ:OCFC - Free Report) by 43.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,795 shares of the savings and loans company's stock after selling 29,589 shares during the period. BNP Paribas Financial Markets owned about 0.06% of OceanFirst Financial worth $684,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Foundry Partners LLC boosted its holdings in shares of OceanFirst Financial by 1,985.9% during the 4th quarter. Foundry Partners LLC now owns 303,794 shares of the savings and loans company's stock worth $5,499,000 after buying an additional 289,230 shares during the period. Mesirow Institutional Investment Management Inc. lifted its position in OceanFirst Financial by 34.4% during the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 697,788 shares of the savings and loans company's stock worth $12,630,000 after acquiring an additional 178,761 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. Barclays PLC boosted its holdings in shares of OceanFirst Financial by 24.5% during the fourth quarter. Barclays PLC now owns 372,771 shares of the savings and loans company's stock worth $6,747,000 after acquiring an additional 73,337 shares during the period. Finally, Invesco Ltd. grew its position in shares of OceanFirst Financial by 4.2% in the fourth quarter. Invesco Ltd. now owns 1,675,259 shares of the savings and loans company's stock valued at $30,322,000 after purchasing an additional 67,010 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods reduced their price target on OceanFirst Financial from $21.00 to $20.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. Stephens reiterated an "equal weight" rating and set a $22.00 price objective on shares of OceanFirst Financial in a research report on Friday, January 24th. Raymond James reduced their target price 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. Finally, Hovde Group lowered their price target on shares of OceanFirst Financial from $23.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $20.67.

OceanFirst Financial Price Performance

Shares of NASDAQ OCFC opened at $16.79 on Friday. The business has a fifty day moving average price of $16.50 and a two-hundred day moving average price of $17.95. The stock has a market capitalization of $980.27 million, a PE ratio of 10.18 and a beta of 0.99. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.01 and a quick ratio of 1.00. OceanFirst Financial Corp. has a fifty-two week low of $14.03 and a fifty-two week high of $21.87.

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

OceanFirst Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend was Monday, May 5th. OceanFirst Financial's dividend payout ratio (DPR) is presently 52.29%.

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.

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