OceanFirst Financial director Buran sells $2.2 million shares

John R. Buran, a director at OceanFirst Financial Corp., sold 113,630 shares of the company's common stock on August 7, 2026, for a total of approximately $2.2 million. This sale was to fund a rollover of assets from a 401(k) plan. The filing corrected a previous report regarding the number of securities Buran had sold. After the transactions, Buran directly owns 113,329 shares of OceanFirst Financial common stock.

The disclosure also indicates an increase in beneficial ownership due to exempt acquisitions. Separately, OceanFirst Financial reported Q2 2026 core earnings of $0.43 per share, slightly above analysts' expectations of $0.428. However, revenue for the quarter was $131.33 million, below the forecasted $135.63 million. The quarter was notable for OceanFirst's acquisition of Flushing Financial Corp., which included integration costs.

Core earnings per share remained the same as the prior quarter but were 39% higher than the same period a year ago. These developments occur amid strategic corporate changes and financial evaluations. So far, no upgrades or downgrades have been issued for the company's stock by analysts. The company's financial performance and strategic actions continue to attract investor and analyst interest. This report was created with AI assistance and reviewed by an editor.