Jane Street Group LLC Has $773,000 Stock Position in OceanFirst Financial Corp. (NASDAQ:OCFC)

Jane Street Group LLC cut its holdings in OceanFirst Financial Corp. (NASDAQ:OCFC - Free Report) by 40.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,680 shares of the savings and loans company's stock after selling 28,824 shares during the period. Jane Street Group LLC owned 0.07% of OceanFirst Financial worth $773,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Northern Trust Corp increased its stake in shares of OceanFirst Financial by 5.3% in the fourth quarter. Northern Trust Corp now owns 553,363 shares of the savings and loans company's stock worth $10,016,000 after purchasing an additional 27,971 shares during the period. Tudor Investment Corp ET AL increased its stake in shares of OceanFirst Financial by 57.4% in the fourth quarter. Tudor Investment Corp ET AL now owns 106,912 shares of the savings and loans company's stock worth $1,935,000 after purchasing an additional 38,987 shares during the period. Quarry LP bought a new position in shares of OceanFirst Financial in the fourth quarter worth about $57,000. Aquatic Capital Management LLC increased its stake in shares of OceanFirst Financial by 155.7% in the fourth quarter. Aquatic Capital Management LLC now owns 14,319 shares of the savings and loans company's stock worth $259,000 after purchasing an additional 8,719 shares during the period. Finally, Two Sigma Securities LLC bought a new position in shares of OceanFirst Financial in the fourth quarter worth about $213,000. 70.98% of the stock is currently owned by institutional investors.

OceanFirst Financial Stock Performance

OCFC traded up $0.16 on Thursday, hitting $16.80. 177,950 shares of the stock traded hands, compared to its average volume of 301,322. OceanFirst Financial Corp. has a 52 week low of $14.03 and a 52 week high of $21.87. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $980.85 million, a PE ratio of 10.18 and a beta of 0.99. The business has a fifty day moving average price of $16.46 and a two-hundred day moving average price of $17.86.

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

OceanFirst Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders 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 yield of 4.76%. The ex-dividend date was Monday, May 5th. OceanFirst Financial's payout ratio is 52.29%.

Analysts Set New Price Targets

OCFC has been the topic of a number of recent analyst reports. Raymond James dropped their price objective on OceanFirst Financial from $24.00 to $21.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their price target on OceanFirst Financial from $21.00 to $20.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th. 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 stock has a consensus rating of "Moderate Buy" and an average price target 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.