OceanFirst Financial (NASDAQ:OCFC) Director Sells $2,201,182.20 in Stock

Posted by Brian Himes on Aug 14th, 2026

OceanFirst Financial Corp. (NASDAQ:OCFC – Get Free Report) Director John Buran sold 113,463 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $19.40, for a total value of $2,201,182.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

OceanFirst Financial Price Performance

Shares of OCFC opened at $19.48 on Friday. The stock has a market cap of $1.12 billion, a P/E ratio of 22.92 and a beta of 0.99. OceanFirst Financial Corp. has a 1 year low of $16.35 and a 1 year high of $20.61. The stock’s 50-day moving average price is $19.10 and its two-hundred day moving average price is $18.79. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.88.

OceanFirst Financial (NASDAQ:OCFC – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The savings and loans company reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. OceanFirst Financial had a return on equity of 5.94% and a net margin of 6.38%.The company had revenue of $131.33 million during the quarter, compared to analysts’ expectations of $135.62 million. On average, equities analysts predict that OceanFirst Financial Corp. will post 1.81 earnings per share for the current year.

OceanFirst Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Monday, August 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Monday, August 10th. OceanFirst Financial’s dividend payout ratio is presently 94.12%.

Institutional Trading of OceanFirst Financial

Several hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in OceanFirst Financial by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,193 shares of the savings and loans company’s stock valued at $582,000 after buying an additional 1,461 shares during the last quarter. Empowered Funds LLC boosted its position in OceanFirst Financial by 5.5% during the 1st quarter. Empowered Funds LLC now owns 140,481 shares of the savings and loans company’s stock worth $2,390,000 after acquiring an additional 7,359 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in OceanFirst Financial by 8.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,122 shares of the savings and loans company’s stock worth $2,417,000 after acquiring an additional 11,262 shares during the last quarter. Jane Street Group LLC grew its stake in shares of OceanFirst Financial by 107.0% during the 1st quarter. Jane Street Group LLC now owns 88,353 shares of the savings and loans company’s stock worth $1,503,000 after acquiring an additional 45,673 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in shares of OceanFirst Financial by 15.6% during the 2nd quarter. Prudential Financial Inc. now owns 24,450 shares of the savings and loans company’s stock worth $431,000 after acquiring an additional 3,295 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on OCFC shares. Piper Sandler reissued a “neutral” rating and set a $21.00 price target (up from $19.00) on shares of OceanFirst Financial in a research report on Wednesday, August 5th. Weiss Ratings raised OceanFirst Financial from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 29th. Finally, DA Davidson lifted their target price on OceanFirst Financial from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.50.

Read Our Latest Stock Analysis on OceanFirst Financial

OceanFirst Financial Company Profile

(Get Free Report)

OceanFirst Financial Corporation (NASDAQ: OCFC) is a bank holding company headquartered in Toms River, New Jersey, that provides a full range of community banking and financial services through its principal subsidiary, OceanFirst Bank. Established in the early 20th century, the company has built its business around serving the deposit, lending and wealth management needs of individuals, small businesses, municipalities and nonprofit organizations across New Jersey and portions of New York.

The company’s core activities include accepting consumer and business deposits, making commercial, municipal and consumer loans, and offering residential mortgage financing.