OCEANFIRST FINANCIAL CORP. (NASDAQ:OCFC) Files An 8-K Results of Operations and Financial Condition
ITEM 2.02
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RESULTS OF OPERATION AND FINANCIAL CONDITION
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issued a press release announcing its financial results for the
quarter ended March 31, 2017. That press release is attached to
this Report as Exhibit 99.1.
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ITEM 8.01
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OTHER EVENTS
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announced that the Board of Directors declared a regular
quarterly cash dividend on the Companys outstanding common stock.
The cash dividend will be in the amount of $0.15 per share and
will be payable on May 19, 2017 to the stockholders of record at
the close of business on May 8, 2017.
Board to repurchase 5% of the Company’s outstanding common stock
up to an additional 1.6 million shares. This amount is in
addition to the remaining 154,804 shares available for repurchase
under the existing 2014 Repurchase Program.
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ITEM 9.01
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FINANCIAL STATEMENTS AND EXHIBITS
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(d)
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EXHIBITS
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99.1
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Press Release dated
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April 27, 2017
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About OCEANFIRST FINANCIAL CORP. (NASDAQ:OCFC)
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. The Bank also invests in other types of loans, including residential construction and consumer loans. In addition, the Bank invests in mortgage-backed securities (MBS), securities issued by the United States Government and agencies thereof, corporate securities and other investments permitted by applicable law and regulations. The Bank’s revenues are derived principally from interest on its loans, interest on its investment and MBS. The Bank also receives income from fees and service charges on loan and deposit products, wealth management services and others. OCEANFIRST FINANCIAL CORP. (NASDAQ:OCFC) Recent Trading Information
OCEANFIRST FINANCIAL CORP. (NASDAQ:OCFC) closed its last trading session down -0.64 at 27.65 with 103,306 shares trading hands.
