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The closing price of OceanFirst Financial Corp. (NASDAQ: OCFC) was $18.17 for the day, down -0.33% from the previous closing price of $18.23. In other words, the price has decreased by -$0.33 from its previous closing price. On the day, 0.5 million shares were traded. OCFC stock price reached its highest trading level at $18.73 during the session, while it also had its lowest trading level at $17.85.
Ratios:
Our analysis of OCFC’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.77 whereas as Long-Term Debt/Eq ratio is at 0.72.
On January 05, 2024, Raymond James Upgraded its rating to Outperform which previously was Mkt Perform but kept the price unchanged to $21.
DA Davidson Downgraded its Buy to Neutral on September 18, 2023, whereas the target price for the stock was revised from $21 to $17.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 02 ’24 when Schaeffer Brian sold 3,500 shares for $15.49 per share. The transaction valued at 54,215 led to the insider holds 41,868 shares of the business.
Maher Christopher sold 10,713 shares of OCFC for $159,624 on Mar 05 ’24. The Chairman and CEO now owns 328,362 shares after completing the transaction at $14.90 per share. On Mar 05 ’24, another insider, Lebel Joseph III, who serves as the President and COO of the company, sold 8,496 shares for $14.93 each. As a result, the insider received 126,845 and left with 275,672 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OCFC now has a Market Capitalization of 1062607040 and an Enterprise Value of 2175927296. As of this moment, OceanFirst’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.98, and their Forward P/E ratio for the next fiscal year is 10.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.56 while its Price-to-Book (P/B) ratio in mrq is 0.63. Its current Enterprise Value per Revenue stands at 5.786.
Stock Price History:
Over the past 52 weeks, OCFC has reached a high of $19.07, while it has fallen to a 52-week low of $12.01. The 50-Day Moving Average of the stock is 14.83%, while the 200-Day Moving Average is calculated to be 17.17%.
Shares Statistics:
OCFC traded an average of 317.37K shares per day over the past three months and 474320 shares per day over the past ten days. A total of 59.45M shares are outstanding, with a floating share count of 56.67M. Insiders hold about 3.48% of the company’s shares, while institutions hold 72.21% stake in the company. Shares short for OCFC as of 1721001600 were 1630996 with a Short Ratio of 5.14, compared to 1718323200 on 1588359. Therefore, it implies a Short% of Shares Outstanding of 1630996 and a Short% of Float of 3.39.
Dividends & Splits
With its trailing 12-month dividend rate of 0.8, OCFC has a forward annual dividend rate of 0.80. Against a Trailing Annual Dividend Yield of 0.04388371The stock’s 5-year Average Dividend Yield is 3.88.
