OceanFirst Financial Corp. (OCFC) Position Held by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. maintained its stake in OceanFirst Financial Corp. (NASDAQ:OCFC) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,430 shares of the savings and loans company’s stock at the end of the second quarter. BW Gestao de Investimentos Ltda.’s holdings in OceanFirst Financial Corp. were worth $337,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Sei Investments Co. grew its stake in OceanFirst Financial Corp. by 80.5% in the 2nd quarter. Sei Investments Co. now owns 3,776 shares of the savings and loans company’s stock worth $102,000 after acquiring an additional 1,684 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in OceanFirst Financial Corp. by 2,366.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,946 shares of the savings and loans company’s stock worth $107,000 after acquiring an additional 3,786 shares in the last quarter. Legal & General Group Plc grew its stake in OceanFirst Financial Corp. by 6.8% in the 1st quarter. Legal & General Group Plc now owns 6,531 shares of the savings and loans company’s stock worth $184,000 after acquiring an additional 418 shares in the last quarter. UBS Asset Management Americas Inc. bought a new position in OceanFirst Financial Corp. in the 1st quarter worth about $228,000. Finally, Voya Investment Management LLC grew its stake in OceanFirst Financial Corp. by 13.3% in the 2nd quarter. Voya Investment Management LLC now owns 14,308 shares of the savings and loans company’s stock worth $388,000 after acquiring an additional 1,683 shares in the last quarter. Institutional investors and hedge funds own 67.78% of the company’s stock.

In related news, Director Steven E. Brady sold 3,825 shares of OceanFirst Financial Corp. stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $24.89, for a total value of $95,204.25. Following the completion of the transaction, the director now owns 67,177 shares in the company, valued at $1,672,035.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.00% of the company’s stock.

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Shares of OceanFirst Financial Corp. (OCFC) traded down 0.50% during trading on Friday, reaching $27.69. 17,721 shares of the company’s stock were exchanged. OceanFirst Financial Corp. has a 12-month low of $19.02 and a 12-month high of $30.70. The company has a 50 day moving average of $26.05 and a 200 day moving average of $26.81. The stock has a market cap of $889.46 million, a P/E ratio of 23.93 and a beta of 0.64.

OCFC has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of OceanFirst Financial Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub downgraded shares of OceanFirst Financial Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Sandler O’Neill upgraded shares of OceanFirst Financial Corp. from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Wednesday, September 20th. DA Davidson initiated coverage on shares of OceanFirst Financial Corp. in a research note on Thursday, September 21st. They issued a “buy” rating and a $31.00 target price on the stock. Finally, Hovde Group initiated coverage on shares of OceanFirst Financial Corp. in a research note on Monday. They issued an “outperform” rating and a $32.00 target price on the stock. 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 company’s stock. The stock has an average rating of “Buy” and an average price target of $30.80.

OceanFirst Financial Corp. 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.

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

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