OceanFirst Financial Corp. And Partners Bancorp Announce Mutual Termination Of Merger Agreement

11/9/22 7:15:00 AM ET

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OceanFirst Financial Corp. (NASDAQ:OCFC) ("OceanFirst"), the holding company for OceanFirst Bank N.A., and Partners Bancorp (NASDAQ:PTRS) ("Partners"), the parent company of The Bank of Delmarva (and its division, Liberty Bell Bank) headquartered in Seaford, Delaware, and Virginia Partners Bank (and its division, Maryland Partners Bank) headquartered in Fredericksburg, Virginia, jointly announced today they have agreed to terminate the merger agreement announced on November 4, 2021, effective immediately.

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Recent Analyst Ratings for
$OCFC
$PTRS

Company	Date	Price Target	Rating	Analyst
OceanFirst Financial Corp. $OCFC	9/20/2024	$19.50 → $21.50	Outperform	Hovde Group
OceanFirst Financial Corp. $OCFC	5/31/2024	$18.00	Outperform → Mkt Perform	Keefe Bruyette
OceanFirst Financial Corp. $OCFC	1/5/2024	$21.00	Mkt Perform → Outperform	Raymond James
OceanFirst Financial Corp. $OCFC	9/18/2023	$21.00 → $17.00	Buy → Neutral	DA Davidson
OceanFirst Financial Corp. $OCFC	12/12/2022	$25.00	Overweight → Neutral	Piper Sandler
OceanFirst Financial Corp. $OCFC	11/17/2022		Mkt Perform	Raymond James
OceanFirst Financial Corp. $OCFC	11/10/2021		Overweight → Equal-Weight	Stephens & Co.
OceanFirst Financial Corp. $OCFC	8/6/2021	$23.00 → $24.00	Neutral → Overweight	Piper Sandler

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LINKBANCORP, Inc. and Partners Bancorp Complete Transformational Combination
CAMP HILL, Pa., Dec. 1, 2023 /PRNewswire/ -- Andrew Samuel, Chief Executive Officer of LINKBANCORP, Inc. ("LINK") (NASDAQ:LNKB), parent company of LINKBANK, announced today the completion of the merger of Partners Bancorp ("Partners") (NASDAQ:PTRS) with and into LINK, and the merger of The Bank of Delmarva and Virginia Partners Bank with and into LINKBANK, effective November 30, 2023. "We are delighted with the closing of this transformational combination that establishes LINKBANK as a premier Mid Atlantic community bank franchise," said Samuel. "We look forward to moving forw
12/1/23 8:00:00 AM ET
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OceanFirst Financial Corp. Enhances Board and Announces Chief Risk Officer Transition
RED BANK, N.J., Sept. 19, 2023 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), today announced the appointment of three members to its Board of Directors. John F. Barros, Managing Principal, Civitas Builder – Boston, MA, effective September 18, 2023;Robert C. Garrett, CEO, Hackensack Meridian Health – Morris Township, NJ, effective October 1, 2023;Dalila Wilson-Scott, EVP and Chief Diversity Officer, Comcast Corporation and President, Comcast NBCUniversal Foundation – Philadelphia, PA, effective October 1, 2023. Christopher D. Maher, OceanFirst Financial Corp. Chairman and Chief Executive Officer, noted, "We are pleased to welcome John, Bob, and Dalila to the existing seaso
9/19/23 9:10:00 AM ET
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OceanFirst Bank Announces Appointment of Stephen Adamo, President of Residential and Consumer Lending
RED BANK, N.J., March 20, 2023 (GLOBE NEWSWIRE) -- OceanFirst Bank ("OceanFirst"), the wholly owned subsidiary of OceanFirst Financial Corp. (NASDAQ:OCFC), announces the appointment of Stephen Adamo as President of Residential and Consumer Lending. Mr. Adamo will lead the residential and consumer lending divisions at OceanFirst. His responsibilities include the growth and expansion of all residential home lending products, consumer lending products and sales, services, loan officers, and delivery channels. With almost three decades of experience in mortgage banking, Mr. Adamo most recently was President of National Retail Production at Embrace Home Loans headquartered in Middletown,
3/20/23 4:05:05 PM ET
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OceanFirst Financial Corp. and OceanFirst Bank N.A. Receive Moody's Investment Grade Ratings
RED BANK, N.J., Nov. 06, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC) (the "Company"), the holding company for OceanFirst Bank N.A. (the "Bank"), announced today first time ratings issued by Moody's Ratings. Christopher D. Maher, OceanFirst Financial Corp. Chairman and Chief Executive Officer, commented about the Moody's Rating, "Just 1% of all U.S. banks have been acknowledged by Moody's Ratings with an Investment Grade rating." Maher continued, "I am proud of our team for also receiving long- and short-term deposit ratings of A3/Prime-2, which is a reflection of the continued strength of OceanFirst." Moody's Ratings announced the first-time ratings for OceanFirst F
11/6/24 12:45:39 PM ET
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OceanFirst Financial Corp. Announces Third Quarter Financial Results
RED BANK, N.J., Oct. 17, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC) (the "Company"), the holding company for OceanFirst Bank N.A. (the "Bank"), announced net income available to common stockholders of $24.1 million, or $0.42 per diluted share, for the three months ended September 30, 2024, an increase from $19.7 million, or $0.33 per diluted share, for the corresponding prior year period, and $23.4 million, or $0.40 per diluted share, for the prior linked quarter. For the nine months ended September 30, 2024, the Company reported net income available to common stockholders of $75.1 million, or $1.29 per diluted share, an increase from $73.3 million, or $1.24 per dilu
10/17/24 4:15:54 PM ET
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OceanFirst Bank Secures $50,000 in Small Business Recovery Grants from Federal Home Loan Bank to Benefit Ten Local Nonprofit Organizations
RED BANK, N.J., Oct. 07, 2024 (GLOBE NEWSWIRE) -- OceanFirst Bank N.A. (the "Bank" or "OceanFirst"), a subsidiary of OceanFirst Financial Corp. (NASDAQ:OCFC), has helped ten nonprofit organizations in its market area to apply for and obtain Small Business Recovery Grants totaling $50,000 through a program created by the Federal Home Loan Bank of New York (FHLBNY). The grants are designed to assist eligible organizations who have faced economic challenges due to the rate environment, inflation, supply-chain constraints, or rising energy costs. The ten grants awarded this year will assist nonprofit organizations committed to addressing hunger and food insecurity. Nearly one million people i
10/7/24 4:05:55 PM ET
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OceanFirst Financial Corp. Announces Third Quarter Financial Results
RED BANK, N.J., Oct. 17, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC) (the "Company"), the holding company for OceanFirst Bank N.A. (the "Bank"), announced net income available to common stockholders of $24.1 million, or $0.42 per diluted share, for the three months ended September 30, 2024, an increase from $19.7 million, or $0.33 per diluted share, for the corresponding prior year period, and $23.4 million, or $0.40 per diluted share, for the prior linked quarter. For the nine months ended September 30, 2024, the Company reported net income available to common stockholders of $75.1 million, or $1.29 per diluted share, an increase from $73.3 million, or $1.24 per dilu
10/17/24 4:15:54 PM ET
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OceanFirst Financial Corp. Schedules Earnings Conference Call
RED BANK, N.J., Sept. 23, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, today announced that it will issue its earnings release for the quarter ended September 30, 2024 on Thursday, October 17, 2024 after market close. Management will then conduct a conference call at 11:00 a.m. Eastern Time, on Friday, October 18, 2024 to discuss highlights of the Company's quarterly operating performance. The direct dial number for the call is 1-833-470-1428, toll free, using the access code 257920. For those unable to participate in the conference call, a replay will be available. To access the replay, dial 1-866-813-9403, Access Code 120573
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OceanFirst Financial Corp. Announces Second Quarter Financial Results
RED BANK, N.J., July 18, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC) (the "Company"), the holding company for OceanFirst Bank N.A. (the "Bank"), announced net income available to common stockholders of $23.4 million, or $0.40 per diluted share, for the three months ended June 30, 2024, a decrease from $26.8 million, or $0.45 per diluted share, for the corresponding prior year period, and $27.7 million, or $0.47 per diluted share, for the prior linked quarter. For the six months ended June 30, 2024, the Company reported net income available to common stockholders of $51.0 million, or $0.87 per diluted share, a decrease from $53.7 million, or $0.91 per diluted share, fo
7/18/24 4:15:37 PM ET
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OceanFirst Financial Corp. And Partners Bancorp Announce Mutual Termination Of Merger Agreement

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Recent Analyst Ratings for $OCFC$PTRS

$OCFC$PTRS SEC Filings

OceanFirst Financial Corp. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form S-3ASR filed by OceanFirst Financial Corp.

OceanFirst Financial Corp. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Other Events, Financial Statements and Exhibits

$OCFC$PTRS Analyst Ratings

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Hovde Group reiterated coverage on OceanFirst Finl with a new price target

OceanFirst Finl downgraded by Keefe Bruyette with a new price target

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$OCFC$PTRS Insider Trading

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$OCFC$PTRS Insider Purchases

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$OCFC$PTRS Large Ownership Changes

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$OCFC$PTRS Press Releases

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Director Murphy Joseph M. Jr. sold $30,045 worth of shares (1,500 units at $20.03) (SEC Form 4)

Schaeffer Brian sold $54,215 worth of shares (3,500 units at $15.49) (SEC Form 4)

Estep Michele B sold $102,593 worth of shares (6,867 units at $14.94) (SEC Form 4)

Barros John F bought $7,106 worth of shares (462 units at $15.38) (SEC Form 4)

Garrett Robert C bought $1,053 worth of shares (70 units at $15.04) (SEC Form 4)

Giordano Anthony Iii bought $29,895 worth of shares (2,345 units at $12.75) (SEC Form 4)

SEC Form SC 13G/A filed by OceanFirst Financial Corp. (Amendment)

SEC Form SC 13G/A filed by OceanFirst Financial Corp. (Amendment)

SEC Form SC 13G/A filed by Partners Bancorp (Amendment)

OceanFirst Financial Corp. and OceanFirst Bank N.A. Receive Moody's Investment Grade Ratings

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OceanFirst Bank Secures $50,000 in Small Business Recovery Grants from Federal Home Loan Bank to Benefit Ten Local Nonprofit Organizations

$OCFC$PTRS Financials

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OceanFirst Financial Corp. Announces Third Quarter Financial Results

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OceanFirst Financial Corp. Announces Second Quarter Financial Results

$OCFC$PTRS Market Insights

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OceanFirst Financial Q2 2024 GAAP EPS $0.40 Misses $0.43 Estimate, Sales $82.300M Miss $85.459M Estimate

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Keefe, Bruyette & Woods Downgrades OceanFirst Financial to Market Perform, Lowers Price Target to $18

Recent Analyst Ratings for
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Analyst Ratings

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