OceanFirst Financial Corp. (NASDAQ:OCFC) Shares Sold by Endeavour Capital Advisors Inc.

Endeavour Capital Advisors Inc. cut its stake in OceanFirst Financial Corp. (NASDAQ:OCFC - Free Report) by 18.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 652,153 shares of the savings and loans company's stock after selling 148,381 shares during the period. OceanFirst Financial makes up approximately 3.8% of Endeavour Capital Advisors Inc.'s holdings, making the stock its 8th biggest position. Endeavour Capital Advisors Inc. owned 1.12% of OceanFirst Financial worth $11,804,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in OceanFirst Financial by 14.6% in the third quarter. JPMorgan Chase & Co. now owns 1,241,191 shares of the savings and loans company's stock worth $23,074,000 after purchasing an additional 157,711 shares during the period. Barclays PLC boosted its stake in shares of OceanFirst Financial by 13.0% in the 3rd 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. Geode Capital Management LLC lifted its holdings in OceanFirst Financial by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,421,373 shares of the savings and loans company's stock valued at $26,428,000 after purchasing an additional 27,579 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in OceanFirst Financial by 28.2% during 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 buying an additional 6,496 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in OceanFirst Financial by 1,036.4% during the 4th quarter. Versant Capital Management Inc now owns 1,466 shares of the savings and loans company's stock worth $27,000 after acquiring an additional 1,337 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

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OceanFirst Financial Trading Down 9.5 %

Shares of OceanFirst Financial stock traded down $1.63 on Thursday, hitting $15.55. 441,703 shares of the company's stock traded hands, compared to its average volume of 289,746. OceanFirst Financial Corp. has a one year low of $14.03 and a one year high of $21.87. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.01 and a quick ratio of 1.00. The stock has a market capitalization of $910.56 million, a PE ratio of 9.42 and a beta of 1.03. The firm's 50-day moving average price is $17.57 and its two-hundred day moving average price is $18.42.

OceanFirst Financial (NASDAQ:OCFC - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The savings and loans company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.02. OceanFirst Financial had a return on equity of 5.75% and a net margin of 14.45%. On average, research analysts expect that OceanFirst Financial Corp. will post 1.6 EPS for the current fiscal year.

OceanFirst Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.14%. The ex-dividend date of this dividend was Monday, February 3rd. OceanFirst Financial's payout ratio is 48.48%.

Wall Street Analyst Weigh In

OCFC has been the topic of a number of recent analyst reports. Hovde Group reduced their price objective on OceanFirst Financial from $23.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, January 27th. DA Davidson restated a "neutral" rating and issued a $22.00 price objective on shares of OceanFirst Financial in a research report on Wednesday, December 4th. Keefe, Bruyette & Woods boosted their target price on shares of OceanFirst Financial from $21.00 to $22.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Raymond James lowered their price target on shares of OceanFirst Financial from $24.00 to $21.00 and set a "strong-buy" rating for the company in a report on Wednesday. Finally, Stephens restated an "equal weight" rating and issued a $22.00 price objective on shares of OceanFirst Financial in a research report on Friday, January 24th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $21.00.

About OceanFirst Financial

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.