Stifel Financial Corp raised its stake in OceanFirst Financial Corp. (NASDAQ:OCFC) by 5.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,489 shares of the savings and loans company’s stock after buying an additional 2,575 shares during the period. Stifel Financial Corp’s holdings in OceanFirst Financial Corp. were worth $1,313,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of OceanFirst Financial Corp. by 31.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,056,846 shares of the savings and loans company’s stock valued at $31,737,000 after buying an additional 254,709 shares during the period. FJ Capital Management LLC boosted its position in shares of OceanFirst Financial Corp. by 2.1% in the fourth quarter. FJ Capital Management LLC now owns 566,600 shares of the savings and loans company’s stock valued at $17,014,000 after buying an additional 11,600 shares during the period. State Street Corp boosted its position in shares of OceanFirst Financial Corp. by 55.8% in the fourth quarter. State Street Corp now owns 479,101 shares of the savings and loans company’s stock valued at $14,388,000 after buying an additional 171,647 shares during the period. Bank of New York Mellon Corp boosted its position in shares of OceanFirst Financial Corp. by 61.6% in the first quarter. Bank of New York Mellon Corp now owns 314,335 shares of the savings and loans company’s stock valued at $8,857,000 after buying an additional 119,761 shares during the period. Finally, Hennessy Advisors Inc. boosted its position in shares of OceanFirst Financial Corp. by 29.3% in the first quarter. Hennessy Advisors Inc. now owns 297,500 shares of the savings and loans company’s stock valued at $8,382,000 after buying an additional 67,500 shares during the period. 67.57% of the stock is owned by hedge funds and other institutional investors.

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

OceanFirst Financial Corp. (NASDAQ OCFC) opened at 28.09 on Friday. OceanFirst Financial Corp. has a one year low of $17.50 and a one year high of $30.70. The stock has a market cap of $896.07 million, a PE ratio of 25.19 and a beta of 0.61. The company’s 50 day moving average is $27.33 and its 200 day moving average is $28.19.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Monday, May 8th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, May 4th. This represents a $0.60 dividend on an annualized basis and a yield of 2.14%. This is an increase from OceanFirst Financial Corp.’s previous quarterly dividend of $0.13. OceanFirst Financial Corp.’s dividend payout ratio is presently 55.05%.

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Several research analysts recently issued reports on OCFC shares. Zacks Investment Research cut shares of OceanFirst Financial Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, February 21st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $32.00 target price on shares of OceanFirst Financial Corp. in a report on Wednesday, May 3rd.

In other OceanFirst Financial Corp. news, CAO Joseph R. Iantosca sold 2,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $27.96, for a total transaction of $55,920.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven E. Brady sold 8,000 shares of the company’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $28.18, for a total transaction of $225,440.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,175 shares of company stock valued at $1,555,556. 11.10% of the stock is owned by insiders.

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.

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