Deutsche Bank AG Has $783,000 Holdings in OceanFirst Financial Corp. (NASDAQ:OCFC)

Deutsche Bank AG boosted its position in OceanFirst Financial Corp. (NASDAQ:OCFC - Free Report) by 59.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,277 shares of the savings and loans company's stock after acquiring an additional 16,110 shares during the period. Deutsche Bank AG owned 0.07% of OceanFirst Financial worth $783,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OCFC. Sterling Capital Management LLC boosted its stake in shares of OceanFirst Financial by 807.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,843 shares of the savings and loans company's stock valued at $33,000 after purchasing an additional 1,640 shares during the last quarter. Quarry LP acquired a new position in OceanFirst Financial in the fourth quarter valued at approximately $57,000. Venturi Wealth Management LLC bought a new position in OceanFirst Financial in the fourth quarter valued at approximately $65,000. Global Retirement Partners LLC grew its holdings in OceanFirst Financial by 1,009.6% during the 4th quarter. Global Retirement Partners LLC now owns 5,548 shares of the savings and loans company's stock worth $100,000 after acquiring an additional 5,048 shares during the period. Finally, EMC Capital Management raised its position in shares of OceanFirst Financial by 6,001.3% during the 4th quarter. EMC Capital Management now owns 9,152 shares of the savings and loans company's stock valued at $166,000 after acquiring an additional 9,002 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

OceanFirst Financial Trading Up 0.8%

Shares of OCFC traded up $0.14 during trading hours on Friday, reaching $16.94. The stock had a trading volume of 310,593 shares, compared to its average volume of 301,359. The company has a market cap of $989.02 million, a P/E ratio of 10.27 and a beta of 0.99. OceanFirst Financial Corp. has a 52 week low of $14.03 and a 52 week high of $21.87. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.79. The firm has a 50-day moving average of $16.45 and a 200 day moving average of $17.83.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.35. The firm had revenue of $97.91 million during the quarter, compared to analysts' expectations of $95.66 million. OceanFirst Financial had a return on equity of 5.75% and a net margin of 14.45%. On average, sell-side analysts expect that OceanFirst Financial Corp. will post 1.6 earnings per share for the current fiscal year.

OceanFirst Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 5th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.80 dividend on an annualized basis and a yield of 4.72%. OceanFirst Financial's payout ratio is 52.29%.

Analysts Set New Price Targets

OCFC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods decreased their price objective 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. Raymond James decreased their target price on 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 given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.67.

OceanFirst Financial Company 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.