SCHEDULE: BlackRock Reports 4.8% Stake in OceanFirst Financial
Beneficial Ownership Disclosure (Schedule 13G Amendment)
BlackRock Portfolio Management LLC has filed an amendment to its Schedule 13G, disclosing a 4.8% beneficial ownership in OceanFirst Financial Corp common stock.
Summary
- BlackRock Portfolio Management LLC beneficially owns 2,753,229 shares of OceanFirst Financial Corp common stock.
- This represents 4.8% of the class of securities.
- BlackRock holds sole voting power over 2,521,743 shares and sole dispositive power over 2,753,229 shares.
- No shared voting or dispositive power is reported.
- The filing indicates ownership of 5 percent or less of the class of securities.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of beneficial ownership by a large institutional investor, providing factual information without inherent positive or negative sentiment regarding the issuer's performance or prospects.
Future Outlook
NA
Industry Context
BlackRock, as one of the world's largest asset managers, routinely discloses its passive investment stakes in publicly traded companies like OceanFirst Financial Corp, reflecting its portfolio management activities across various funds and client accounts. This filing updates its position in the regional banking sector.
Stakeholder Impact
- Shareholders of OceanFirst Financial Corp are informed of BlackRock Portfolio Management LLC's current beneficial ownership stake, which is below the 5% threshold requiring more detailed reporting.
Key Dates
| Date | Description |
|---|---|
| 2025-01-28 | Previous Power of Attorney dated. |
| 2025-07-01 | Effective date of new Power of Attorney for BlackRock Portfolio Management LLC. |
| 2025-12-31 | Date of event which requires the filing of this statement. |
| 2026-01-21 | Filing date of the Schedule 13G Amendment No. 1. |
Keywords
BlackRock Portfolio Management LLC, OceanFirst Financial Corp, Common Stock, Schedule 13G, Beneficial Ownership, Institutional Investor, Financial Services, Banking
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