OceanFirst Financial Corp. (OCFC) to Issue Quarterly Dividend of $0.15 on November 17th

OceanFirst Financial Corp. (NASDAQ:OCFC) announced a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Stockholders of record on Monday, November 6th will be paid a dividend of 0.15 per share by the savings and loans company on Friday, November 17th. This represents a $0.60 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Friday, November 3rd.

Shares of OceanFirst Financial Corp. (NASDAQ:OCFC) opened at 29.12 on Friday. The stock has a market capitalization of $935.39 million, a PE ratio of 25.17 and a beta of 0.64. OceanFirst Financial Corp. has a one year low of $20.23 and a one year high of $30.70. The stock’s 50 day moving average price is $26.97 and its 200 day moving average price is $26.83.

OceanFirst Financial Corp. (NASDAQ:OCFC) last issued its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. OceanFirst Financial Corp. had a return on equity of 8.75% and a net margin of 17.86%. The company had revenue of $50.42 million for the quarter, compared to analyst estimates of $50.41 million. Equities research analysts predict that OceanFirst Financial Corp. will post $1.55 EPS for the current fiscal year.

OCFC has been the topic of a number of research analyst reports. Zacks Investment Research raised OceanFirst Financial Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub lowered OceanFirst Financial Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Sandler O’Neill raised OceanFirst Financial Corp. from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Wednesday, September 20th. DA Davidson initiated coverage on OceanFirst Financial Corp. in a research note on Thursday, September 21st. They issued a “buy” rating and a $31.00 price target on the stock. Finally, Hovde Group initiated coverage on OceanFirst Financial Corp. in a research note on Monday, October 9th. They issued an “outperform” rating and a $32.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $30.83.

In other news, Director Steven E. Brady sold 3,825 shares of OceanFirst Financial Corp. stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $24.89, for a total value of $95,204.25. Following the sale, the director now directly owns 67,177 shares of the company’s stock, valued at $1,672,035.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.00% of the company’s stock.

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About OceanFirst Financial Corp.

OceanFirst Financial Corp. is a holding company for OceanFirst Bank (the Bank). The Company is a savings and loan holding company. The Bank’s principal business is attracting retail and business deposits in the communities surrounding its branch offices and investing those deposits primarily in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate and other commercial loans.

Dividend History for OceanFirst Financial Corp. (NASDAQ:OCFC)

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