Shares of OceanFirst Financial Corp. (NASDAQ:OCFC) saw unusually-high trading volume on Thursday . Approximately 227,649 shares were traded during trading, an increase of 172% from the previous session’s volume of 83,771 shares.The stock last traded at $19.29 and had previously closed at $19.22.

Separately, Zacks Investment Research upgraded shares of OceanFirst Financial Corp. from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a research report on Thursday, April 28th.

The firm’s 50-day moving average is $18.79 and its 200-day moving average is $18.08. The company has a market capitalization of $434.95 million and a P/E ratio of 20.26.

OceanFirst Financial Corp. (NASDAQ:OCFC) last posted its earnings results on Thursday, July 28th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.10. Equities analysts predict that OceanFirst Financial Corp. will post $1.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Monday, August 8th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Thursday, August 4th.

In related news, Chairman John R. Garbarino sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $18.84, for a total value of $188,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

A hedge fund recently raised its stake in OceanFirst Financial Corp. stock. Victory Capital Management Inc. boosted its stake in shares of OceanFirst Financial Corp. (NASDAQ:OCFC) by 15.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,225 shares of the company’s stock after buying an additional 7,290 shares during the period. Victory Capital Management Inc. owned about 0.32% of OceanFirst Financial Corp. worth $1,066,000 as of its most recent filing with the SEC.

OceanFirst Financial Corp. is a holding company for OceanFirst Bank (the Bank). The Company is a savings and loan holding company. The Bank’s principal business is attracting retail and business deposits in the communities surrounding its branch offices and investing those deposits primarily in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate and other commercial loans.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.