As on Wednesday, OceanFirst Financial Corp (NASDAQ: OCFC) got off with the flyer as it spiked 17.48% to $21.04, before settling in for the price of $17.91 at the close. Taking a more long-term approach, OCFC posted a 52-week range of $12.93-$19.49.
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The Financial sector firm’s twelve-monthly sales growth has been 16.46% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was 2.36%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -10.96%. This publicly-traded company’s shares outstanding now amounts to $59.45 million, simultaneously with a float of $56.62 million. The organization now has a market capitalization sitting at $1.23 billion. At the time of writing, stock’s 50-day Moving Average stood at $18.03, while the 200-day Moving Average is $16.35.
OceanFirst Financial Corp (OCFC) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Banks – Regional industry. OceanFirst Financial Corp’s current insider ownership accounts for 3.15%, in contrast to 73.03% institutional ownership. According to the most recent insider trade that took place on May 02 ’24, this organization’s EVP & CIO, OceanFirst Bank sold 3,500 shares at the rate of 15.49, making the entire transaction reach 54,215 in total value, affecting insider ownership by 41,868. Preceding that transaction, on Mar 05 ’24, Company’s EVP & CAO, OceanFirst Bank sold 6,867 for 14.94, making the whole transaction’s value amount to 102,593. This particular insider is now the holder of 155,456 in total.
OceanFirst Financial Corp (OCFC) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.35 per share during the current fiscal year.
OceanFirst Financial Corp’s EPS decrease for this current 12-month fiscal period is -10.96% and is forecasted to reach 1.61 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 10.00% through the next 5 years, which can be compared against the 2.36% growth it accomplished over the previous five years trading on the market.
OceanFirst Financial Corp (NASDAQ: OCFC) Trading Performance Indicators
Let’s observe the current performance indicators for OceanFirst Financial Corp (OCFC). The Stock has managed to achieve an average true range (ATR) of 0.75. Alongside those numbers, its PE Ratio stands at $12.11, and its Beta score is 1.00. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.78. Similarly, its price to free cash flow for trailing twelve months is now 35.69.
In the same vein, OCFC’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 1.74, a figure that is expected to reach 0.36 in the next quarter, and analysts are predicting that it will be 1.61 at the market close of one year from today.
Technical Analysis of OceanFirst Financial Corp (OCFC)
Through scrutinizing the latest numbers posted by the [OceanFirst Financial Corp, OCFC], it can be observed that its last 5-days Average volume of 0.33 million was better the volume of 0.31 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 44.51% While, its Average True Range was 0.86.
Raw Stochastic average of OceanFirst Financial Corp (OCFC) in the period of the previous 100 days is set at 97.57%, which indicates a major rise in contrast to 95.36% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 77.97% that was higher than 43.96% volatility it exhibited in the past 100-days period.
