OceanFirst Financial Corp. (OCFC) Sees Unusually-High Trading Volume
OceanFirst Financial Corp. (NASDAQ:OCFC) shares saw strong trading volume on Thursday . 227,649 shares changed hands during trading, an increase of 172% from the previous session’s volume of 83,771 shares.The stock last traded at $19.29 and had previously closed at $19.22.
Separately, Zacks Investment Research cut shares of OceanFirst Financial Corp. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 23rd.
The firm has a market capitalization of $440.57 million and a P/E ratio of 20.52. The company has a 50 day moving average of $18.83 and a 200 day moving average of $18.11.
OceanFirst Financial Corp. (NASDAQ:OCFC) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.10. On average, equities analysts expect that OceanFirst Financial Corp. will post $1.19 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Monday, August 8th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $0.52 dividend on an annualized basis and a yield of 2.65%.
In other OceanFirst Financial Corp. news, Chairman John R. Garbarino sold 10,000 shares of the stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $18.84, for a total transaction of $188,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
An institutional investor recently raised its position in OceanFirst Financial Corp. stock. Victory Capital Management Inc. boosted its position in OceanFirst Financial Corp. (NASDAQ:OCFC) by 15.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,225 shares of the company’s stock after buying an additional 7,290 shares during the period. Victory Capital Management Inc. owned approximately 0.32% of OceanFirst Financial Corp. worth $1,066,000 as of its most recent SEC filing.
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.
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