Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
In the latest session, OceanFirst Financial Corp (NASDAQ: OCFC) closed at $17.63 up 1.91% from its previous closing price of $17.3. In other words, the price has increased by $1.91 from its previous closing price. On the day, 0.53 million shares were traded. OCFC stock price reached its highest trading level at $17.68 during the session, while it also had its lowest trading level at $17.3187.
Ratios:
For a deeper understanding of OceanFirst Financial Corp’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.74 whereas as Long-Term Debt/Eq ratio is at 0.70.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Hovde Group on January 27, 2025, Reiterated its Outperform rating but revised its target price to $22 from $23 previously.
On September 20, 2024, Hovde Group reiterated its Outperform rating and also lowered its target price recommendation from $19.50 to $21.50.
Keefe Bruyette Downgraded its Outperform to Mkt Perform on May 31, 2024, while the target price for the stock was maintained at $18.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 11 ’24 when Murphy Joseph M. Jr. sold 1,500 shares for $20.03 per share. The transaction valued at 30,045 led to the insider holds 177,417 shares of the business.
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 1011704576 and an Enterprise Value of 2056710784. As of this moment, OceanFirst’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.51, and their Forward P/E ratio for the next fiscal year is 9.74. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.49 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 5.469.
Stock Price History:
The Beta on a monthly basis for OCFC is 1.04, which has changed by 0.08292389 over the last 52 weeks, in comparison to a change of 0.16657472 over the same period for the S&P500. Over the past 52 weeks, OCFC has reached a high of $21.87, while it has fallen to a 52-week low of $14.29. The 50-Day Moving Average of the stock is 0.52%, while the 200-Day Moving Average is calculated to be -1.12%.
Shares Statistics:
For the past three months, OCFC has traded an average of 294.38K shares per day and 317930 over the past ten days. A total of 57.38M shares are outstanding, with a floating share count of 55.43M. Insiders hold about 3.41% of the company’s shares, while institutions hold 77.37% stake in the company. Shares short for OCFC as of 1753920000 were 775533 with a Short Ratio of 2.63, compared to 1751241600 on 854116. Therefore, it implies a Short% of Shares Outstanding of 775533 and a Short% of Float of 1.39999995.
Dividends & Splits
According to the company, the forward annual dividend rate for OCFC is 0.80, from 0.8 in the trailing year. Against a Trailing Annual Dividend Yield of 0.046242777The stock’s 5-year Average Dividend Yield is 4.12. The current Payout Ratio is 48.56% for OCFC, which recently paid a dividend on 2025-08-04 with an ex-dividend date of 2025-08-04. Stock splits for the company last occurred on 2002-05-20 when the company split stock in a 3:2 ratio.
Earnings Estimates
The dynamic stock of OceanFirst Financial Corp (OCFC) is currently attracting attention from 6.0 analysts actively involved in rating its market status.The consensus estimate for the next quarter is $0.37, with high estimates of $0.41 and low estimates of $0.32.
Analysts are recommending an EPS of between $1.46 and $1.3 for the fiscal current year, implying an average EPS of $1.37. EPS for the following year is $1.81, with 6.0 analysts recommending between $2.0 and $1.58.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $102.56M this quarter.It ranges from a high estimate of $105.2M to a low estimate of $101.3M. As of the current estimate, OceanFirst Financial Corp’s year-ago sales were $98.32MFor the next quarter, 5 analysts are estimating revenue of $104.8M. There is a high estimate of $106.7M for the next quarter, whereas the lowest estimate is $104M.
A total of 5 analysts have provided revenue estimates for OCFC’s current fiscal year. The highest revenue estimate was $407.9M, while the lowest revenue estimate was $401.6M, resulting in an average revenue estimate of $403.65M. In the same quarter a year ago, actual revenue was $380MBased on 5 analysts’ estimates, the company’s revenue will be $450.87M in the next fiscal year. The high estimate is $464.2M and the low estimate is $436.1M.
