Teachers Advisors LLC raised its stake in shares of OceanFirst Financial Corp. (NASDAQ:OCFC) by 14.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,235 shares of the savings and loans company’s stock after buying an additional 5,673 shares during the period. Teachers Advisors LLC owned about 0.14% of OceanFirst Financial Corp. worth $1,246,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the stock. UBS Asset Management Americas Inc. acquired a new stake in OceanFirst Financial Corp. during the first quarter valued at approximately $228,000. American International Group Inc. boosted its stake in OceanFirst Financial Corp. by 30.1% in the first quarter. American International Group Inc. now owns 15,336 shares of the savings and loans company’s stock valued at $432,000 after buying an additional 3,548 shares during the period. Strs Ohio acquired a new stake in OceanFirst Financial Corp. during the first quarter valued at approximately $771,000. Russell Investments Group Ltd. boosted its stake in OceanFirst Financial Corp. by 39.7% in the first quarter. Russell Investments Group Ltd. now owns 29,233 shares of the savings and loans company’s stock valued at $824,000 after buying an additional 8,312 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in OceanFirst Financial Corp. by 25.9% in the first quarter. Alliancebernstein L.P. now owns 31,100 shares of the savings and loans company’s stock valued at $876,000 after buying an additional 6,400 shares during the period. Institutional investors own 67.62% of the company’s stock.

OceanFirst Financial Corp. (NASDAQ OCFC) traded down 0.52% during mid-day trading on Tuesday, reaching $24.85. The company’s stock had a trading volume of 6,606 shares. The firm has a 50-day moving average of $26.32 and a 200 day moving average of $27.46. OceanFirst Financial Corp. has a 1-year low of $18.99 and a 1-year high of $30.70. The firm has a market capitalization of $798.23 million, a price-to-earnings ratio of 21.48 and a beta of 0.62.

The company also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were paid a $0.15 dividend. This is an increase from OceanFirst Financial Corp.’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, August 3rd. This represents a $0.60 annualized dividend and a dividend yield of 2.40%. OceanFirst Financial Corp.’s dividend payout ratio (DPR) is currently 51.72%.

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Several analysts have commented on OCFC shares. Keefe, Bruyette & Woods restated a “buy” rating and issued a $32.00 price target on shares of OceanFirst Financial Corp. in a report on Wednesday, May 3rd. Zacks Investment Research cut OceanFirst Financial Corp. from a “strong-buy” rating to a “hold” rating in a report on Friday, May 5th. Finally, BidaskClub cut OceanFirst Financial Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th.

In other OceanFirst Financial Corp. news, Director Donald E. Mclaughlin sold 3,000 shares of OceanFirst Financial Corp. stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $26.74, for a total value of $80,220.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 11.10% of the company’s stock.

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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