Goldman Sachs Group Inc. increased its holdings in shares of OceanFirst Financial Corp. (NASDAQ:OCFC) by 16.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 902,624 shares of the savings and loans company’s stock after purchasing an additional 127,888 shares during the quarter. Goldman Sachs Group Inc. owned 2.81% of OceanFirst Financial Corp. worth $24,479,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of OCFC. Sei Investments Co. increased its stake in OceanFirst Financial Corp. by 80.5% during the 2nd quarter. Sei Investments Co. now owns 3,776 shares of the savings and loans company’s stock worth $102,000 after purchasing an additional 1,684 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in OceanFirst Financial Corp. by 2,366.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,946 shares of the savings and loans company’s stock worth $107,000 after purchasing an additional 3,786 shares in the last quarter. Legal & General Group Plc increased its stake in OceanFirst Financial Corp. by 6.8% during the 1st quarter. Legal & General Group Plc now owns 6,531 shares of the savings and loans company’s stock worth $184,000 after purchasing an additional 418 shares in the last quarter. UBS Asset Management Americas Inc. bought a new stake in OceanFirst Financial Corp. during the 1st quarter worth approximately $228,000. Finally, Voya Investment Management LLC increased its stake in OceanFirst Financial Corp. by 13.3% during the 2nd quarter. Voya Investment Management LLC now owns 14,308 shares of the savings and loans company’s stock worth $388,000 after purchasing an additional 1,683 shares in the last quarter. 67.78% of the stock is owned by institutional investors and hedge funds.

In other news, Director Steven E. Brady sold 3,825 shares of the company’s 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 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 available through the SEC website. 7.00% of the stock is owned by corporate insiders.

OCFC has been the subject of a number of research reports. Zacks Investment Research raised OceanFirst Financial Corp. from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Tuesday, September 5th. DA Davidson initiated coverage on OceanFirst Financial Corp. in a research note on Thursday, September 21st. They set a “buy” rating and a $31.00 target price for the company. Sandler O’Neill raised OceanFirst Financial Corp. from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Wednesday, September 20th. Hovde Group assumed coverage on shares of OceanFirst Financial Corp. in a research note on Monday. They set an “outperform” rating and a $32.00 price target for the company. Finally, BidaskClub cut shares of OceanFirst Financial Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $30.80.

OceanFirst Financial Corp. (NASDAQ:OCFC) opened at 27.83 on Friday. The company has a market capitalization of $893.96 million, a PE ratio of 24.05 and a beta of 0.64. The stock’s 50 day moving average is $26.05 and its 200 day moving average is $26.81. OceanFirst Financial Corp. has a 52 week low of $19.02 and a 52 week high of $30.70.

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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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