In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
As of close of business last night, OceanFirst Financial Corp’s stock clocked out at $18.78, up 1.08% from its previous closing price of $18.58. In other words, the price has increased by $1.08 from its previous closing price. On the day, 0.14 million shares were traded. OCFC stock price reached its highest trading level at $18.88 during the session, while it also had its lowest trading level at $18.695.
Ratios:
To gain a deeper understanding of OCFC’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.69 whereas as Long-Term Debt/Eq ratio is at 0.65.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 1096442112 and an Enterprise Value of 2036879872. As of this moment, OceanFirst’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.29, and their Forward P/E ratio for the next fiscal year is 10.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.60 while its Price-to-Book (P/B) ratio in mrq is 0.64. Its current Enterprise Value per Revenue stands at 5.507.
Stock Price History:
The Beta on a monthly basis for OCFC is 1.02, which has changed by 0.2234528 over the last 52 weeks, in comparison to a change of 0.12792087 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 9.82%, while the 200-Day Moving Average is calculated to be 4.93%.
Shares Statistics:
It appears that OCFC traded 306.59K shares on average per day over the past three months and 298980 shares per day over the past ten days. A total of 58.38M shares are outstanding, with a floating share count of 56.40M. Insiders hold about 3.41% of the company’s shares, while institutions hold 76.04% stake in the company. Shares short for OCFC as of 1749772800 were 918789 with a Short Ratio of 3.00, compared to 1747267200 on 876116. Therefore, it implies a Short% of Shares Outstanding of 918789 and a Short% of Float of 1.63.
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 0.04305705The stock’s 5-year Average Dividend Yield is 4.11. The current Payout Ratio is 48.56% for OCFC, which recently paid a dividend on 2025-05-05 with an ex-dividend date of 1746403200. Stock splits for the company last occurred on 2002-05-20 when the company split stock in a 3:2 ratio.
