Oceanfirst Financial Director Nicos Katsoulis Buys $178,277 of Stock

Oceanfirst Financial Corp director Nicos Katsoulis bought $178,277 of the company's stock (Nasdaq: OCFC), a Form 4 filing showed Monday.

The Form 4 filing with the Securities and Exchange Commission shows Katsoulis bought 10,000 shares on Oct. 30 at $17.8277 per share. He holds 41,096 shares directly after the purchase. The trade was not made under a pre-arranged trading plan.

Other insider activity

In the period from Aug. 4 through the day before these filings, director John R. Buran sold 113,630 shares valued at $2,204,831.07, and reporting person Brian Schaeffer sold 5,500 shares valued at $103,977.50. Senior EVP & CFO Patrick Sean Barrett bought 5,000 shares valued at $89,500.

Stock price

Oceanfirst Financial closed at $17.94 on Friday, Oct. 30, the last close before the filings, and had risen 6.9% over the preceding 20 sessions. On Monday the stock rose 4.1% to close at $18.67, while the S&P 500 ETF fell 0.5% that session.

Company figures

The company reported net income of $71.0 million for 2025, down 29% from a year earlier, with diluted EPS of $1.17. In the quarter ended June 30, it posted a net loss of $3.0 million, compared with net income of $19.0 million a year earlier. Its market capitalization before the filing was about $1.73 billion.

The company filed an 8-K six days before the insider filings, reporting results of operations and financial condition.