First Trust Advisors LP grew its position in shares of OceanFirst Financial Corp. (NASDAQ:OCFC) by 34.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,931 shares of the savings and loans company’s stock after buying an additional 24,714 shares during the quarter. First Trust Advisors LP owned approximately 0.30% of OceanFirst Financial Corp. worth $2,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of OceanFirst Financial Corp. by 17.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,241,493 shares of the savings and loans company’s stock valued at $34,980,000 after buying an additional 184,647 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of OceanFirst Financial Corp. by 28.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,201,691 shares of the savings and loans company’s stock valued at $33,858,000 after buying an additional 267,900 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of OceanFirst Financial Corp. by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 1,151,918 shares of the savings and loans company’s stock valued at $32,455,000 after buying an additional 58,418 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of OceanFirst Financial Corp. by 5.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 774,736 shares of the savings and loans company’s stock valued at $21,828,000 after buying an additional 39,250 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in shares of OceanFirst Financial Corp. during the 1st quarter valued at about $18,116,000. Institutional investors and hedge funds own 67.62% of the company’s stock.

Shares of OceanFirst Financial Corp. (NASDAQ:OCFC) opened at 24.25 on Friday. OceanFirst Financial Corp. has a 12-month low of $18.99 and a 12-month high of $30.70. The firm has a market capitalization of $778.96 million, a price-to-earnings ratio of 20.96 and a beta of 0.63. The company has a 50-day moving average price of $25.82 and a 200 day moving average price of $27.21.

The business also recently declared a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This is a boost from OceanFirst Financial Corp.’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 2.47%. OceanFirst Financial Corp.’s dividend payout ratio is 51.72%.

Several brokerages have recently issued reports on OCFC. Zacks Investment Research lowered OceanFirst Financial Corp. from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub lowered OceanFirst Financial Corp. from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th.

In related news, Director Steven E. Brady sold 3,825 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $24.89, for a total transaction of $95,204.25. Following the completion of the transaction, the director now directly owns 67,177 shares of the company’s stock, valued at $1,672,035.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.10% of the company’s stock.

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About OceanFirst Financial Corp.

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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