Tudor Investment Corp ET AL Boosts Holdings in OceanFirst Financial Corp. (NASDAQ:OCFC)

Tudor Investment Corp ET AL boosted its holdings in OceanFirst Financial Corp. (NASDAQ:OCFC - Free Report) by 57.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,912 shares of the savings and loans company's stock after purchasing an additional 38,987 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.18% of OceanFirst Financial worth $1,935,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. O Shaughnessy Asset Management LLC boosted its position in shares of OceanFirst Financial by 27.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 140,665 shares of the savings and loans company's stock worth $2,546,000 after acquiring an additional 30,373 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of OceanFirst Financial by 14.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,241,191 shares of the savings and loans company's stock valued at $23,074,000 after purchasing an additional 157,711 shares during the last quarter. Barclays PLC grew its position in shares of OceanFirst Financial by 13.0% during the third quarter. Barclays PLC now owns 299,434 shares of the savings and loans company's stock valued at $5,566,000 after purchasing an additional 34,458 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of OceanFirst Financial by 28.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 29,519 shares of the savings and loans company's stock worth $534,000 after purchasing an additional 6,496 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of OceanFirst Financial by 1,036.4% in the fourth quarter. Versant Capital Management Inc now owns 1,466 shares of the savings and loans company's stock worth $27,000 after purchasing an additional 1,337 shares during the last quarter. Institutional investors own 70.98% of the company's stock.

OceanFirst Financial Stock Up 3.2 %

Shares of OCFC opened at $17.21 on Monday. 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 business has a fifty day moving average of $16.52 and a 200 day moving average of $18.04. The company has a market cap of $1.00 billion, a PE ratio of 10.43 and a beta of 0.94. OceanFirst Financial Corp. has a 52-week low of $14.03 and a 52-week high of $21.87.

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

OceanFirst Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Monday, May 5th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $0.80 annualized dividend and a dividend yield of 4.65%. OceanFirst Financial's dividend payout ratio (DPR) is presently 52.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Hovde Group cut their price target on OceanFirst Financial from $23.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, January 27th. Stephens reissued an "equal weight" rating and issued a $22.00 target price on shares of OceanFirst Financial in a report on Friday, January 24th. Keefe, Bruyette & Woods decreased their price target on shares of 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. Finally, Raymond James dropped their price objective on shares of OceanFirst Financial from $24.00 to $21.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 2nd. Four research 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 company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.

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