Victory Capital Management Inc. grew its stake in shares of OceanFirst Financial Corp. (NASDAQ:OCFC) by 6.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,386 shares of the savings and loans company’s stock after purchasing an additional 4,042 shares during the period. Victory Capital Management Inc. owned about 0.20% of OceanFirst Financial Corp. worth $1,719,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. William Blair Investment Management LLC lifted its holdings in shares of OceanFirst Financial Corp. by 5.8% during the second quarter. William Blair Investment Management LLC now owns 680,480 shares of the savings and loans company’s stock valued at $18,455,000 after purchasing an additional 37,505 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of OceanFirst Financial Corp. by 2,366.3% during the second quarter. BNP Paribas Arbitrage SA now owns 3,946 shares of the savings and loans company’s stock valued at $107,000 after purchasing an additional 3,786 shares during the last quarter. Comerica Bank lifted its holdings in shares of OceanFirst Financial Corp. by 0.4% during the second quarter. Comerica Bank now owns 51,508 shares of the savings and loans company’s stock valued at $1,390,000 after purchasing an additional 225 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of OceanFirst Financial Corp. by 16.2% during the second quarter. Legal & General Group Plc now owns 7,589 shares of the savings and loans company’s stock valued at $206,000 after purchasing an additional 1,058 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of OceanFirst Financial Corp. by 27.2% during the second quarter. Bank of New York Mellon Corp now owns 399,838 shares of the savings and loans company’s stock valued at $10,843,000 after purchasing an additional 85,503 shares during the last quarter. 67.62% of the stock is owned by institutional investors and hedge funds.

Shares of OceanFirst Financial Corp. (OCFC) opened at 24.39 on Monday. The stock has a market capitalization of $783.46 million, a P/E ratio of 21.08 and a beta of 0.63. The company has a 50-day moving average price of $25.75 and a 200 day moving average price of $27.19. OceanFirst Financial Corp. has a 52 week low of $18.99 and a 52 week high of $30.70.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This is a positive change from OceanFirst Financial Corp.’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 2.46%. OceanFirst Financial Corp.’s payout ratio is currently 51.72%.

In other OceanFirst Financial Corp. news, Director Steven E. Brady sold 3,825 shares of OceanFirst Financial Corp. stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $24.89, for a total transaction of $95,204.25. Following the transaction, the director now directly owns 67,177 shares in the company, valued at $1,672,035.53. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 11.10% of the company’s stock.

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Several brokerages recently issued reports on OCFC. Zacks Investment Research downgraded OceanFirst Financial Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, May 20th. BidaskClub downgraded OceanFirst Financial Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th.

OceanFirst Financial Corp. Company Profile

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.

Institutional Ownership by Quarter for OceanFirst Financial Corp. (NASDAQ:OCFC)

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