Deutsche Bank AG Acquires 70,667 Shares of OceanFirst Financial Corp. (NASDAQ:OCFC)

Deutsche Bank AG lifted its stake in shares of OceanFirst Financial Corp. (NASDAQ:OCFC) by 80.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,882 shares of the savings and loans company’s stock after acquiring an additional 70,667 shares during the quarter. Deutsche Bank AG owned 0.49% of OceanFirst Financial worth $4,168,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. OppenheimerFunds Inc. increased its holdings in OceanFirst Financial by 66.4% in the fourth quarter. OppenheimerFunds Inc. now owns 815,555 shares of the savings and loans company’s stock valued at $21,408,000 after buying an additional 325,381 shares during the last quarter. State of Wisconsin Investment Board purchased a new position in OceanFirst Financial in the fourth quarter valued at $2,822,000. Mariner Wealth Advisors LLC purchased a new position in OceanFirst Financial in the fourth quarter valued at $2,758,000. Dimensional Fund Advisors LP increased its holdings in OceanFirst Financial by 7.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,442,218 shares of the savings and loans company’s stock valued at $39,647,000 after buying an additional 97,697 shares during the last quarter. Finally, MayTech Global Investments LLC purchased a new position in OceanFirst Financial in the fourth quarter valued at $2,113,000. 51.54% of the stock is currently owned by institutional investors and hedge funds.

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In other news, Director Steven E. Brady sold 20,000 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $26.02, for a total transaction of $520,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Joseph R. Iantosca sold 5,000 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $26.40, for a total transaction of $132,000.00. The disclosure for this sale can be found here. Insiders sold 26,505 shares of company stock valued at $692,237 in the last 90 days. 7.00% of the stock is currently owned by insiders.



Several equities analysts recently commented on the company. Piper Jaffray reissued a “buy” rating and issued a $32.00 target price on shares of OceanFirst Financial in a report on Monday, February 12th. BidaskClub raised OceanFirst Financial from a “sell” rating to a “hold” rating in a report on Monday, March 5th. Zacks Investment Research raised OceanFirst Financial from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Thursday, February 1st. Finally, ValuEngine raised OceanFirst Financial from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $31.83.

NASDAQ OCFC opened at $26.60 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.92 and a quick ratio of 0.92. OceanFirst Financial Corp. has a 1 year low of $24.02 and a 1 year high of $29.46. The firm has a market capitalization of $1,275.53, a price-to-earnings ratio of 15.60, a P/E/G ratio of 1.36 and a beta of 0.53.

OceanFirst Financial (NASDAQ:OCFC) last released its quarterly earnings data on Thursday, January 25th. The savings and loans company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. OceanFirst Financial had a net margin of 19.67% and a return on equity of 9.48%. The company had revenue of $49.25 million during the quarter, compared to the consensus estimate of $50.52 million. sell-side analysts anticipate that OceanFirst Financial Corp. will post 1.95 EPS for the current fiscal year.

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OceanFirst Financial Company Profile

OceanFirst Financial Corp. operates as the holding company for OceanFirst Bank N.A. that provides a range of community banking services. The company offers various deposit products to retail, government, and business customers, including money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits.

Institutional Ownership by Quarter for OceanFirst Financial (NASDAQ:OCFC)

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