OceanFirst Financial senior evp & cfo buys $89,500 in company stock

Patrick Sean Barrett, Senior EVP & CFO at OceanFirst Financial Corp, made a notable stock purchase on October 30, 2026, acquiring 5,000 shares at $17.9 apiece. This amounted to $89,500 and increased his direct ownership of OceanFirst Financial common stock to 152,350 shares, including unvested restricted stock. Indirectly, he holds 1,210 shares via an Employee Stock Ownership Plan (ESOP).

OceanFirst boasts a dividend yield of 4.46%, with uninterrupted dividend payments for three decades. InvestingPro subscribers can access six additional exclusive insights regarding the company's financial standing and performance. OceanFirst recently surpassed analyst expectations with Q3 2026 earnings, reporting core earnings per share of $0.48, compared to the projected $0.40.

Revenue hit $185.13 million, outpacing the forecasted $177.79 million. The increase was attributed to Flushing Financial acquisition, higher net interest income, and reduced operating expenses. Net interest income soared to $172 million, marking a 43% jump from the previous quarter and a 90% rise from the previous year. Core operating expenses were $114 million, below the anticipated $120 million to $125 million range. Management confirmed its 2027 profitability objectives, aiming for a 1% return on average assets.