other material
confidence high
sentiment positive
materiality 0.60
OceanFirst authorizes buyback of up to 3M shares (~5% of outstanding)
OCEANFIRST FINANCIAL CORP
- Board authorized repurchase of up to 3 million shares, or approximately 5% of outstanding common stock.
- New program is incremental to existing 2021 Stock Repurchase Program.
- CEO says program reflects belief in compelling investment opportunity and enhances capital deployment flexibility.