OceanFirst Financial CIO Sells Shares in SEC Filing
On August 31, 2026, Brian Schaeffer, Senior Executive Vice President and Chief Investment Officer of OceanFirst Bank, sold 5,500 shares of OceanFirst Financial (NASDAQ:OCFC) at a weighted average price of $18.91 per share, totaling approximately $104,005 in transaction value. The sale was disclosed via an SEC Form 4 filing and does not appear to signal significant concern for shareholders given the relatively small size compared to Schaeffer’s remaining holdings. Post-transaction, Schaeffer holds a total of 86,539 shares directly or indirectly valued at approximately $1.6 million based on OceanFirst Financial's closing price of $18.84 as of August 31. The company has a market capitalization of around $1.8 billion and reported trailing twelve-month (TTM) revenues of $427.6 million with net income of $47.9 million, indicating stable financial performance. Analysts remain generally optimistic about OceanFirst Financial’s future despite the stock's flat 12-month return and a five-year decline in price appreciation. The median analyst price target for the next twelve months is $22 per share, suggesting potential upside of around 16% from current levels.
Tickers: $OCFC