OceanFirst Financial Corp. (OCFC) concluded trading on Thursday at a closing price of $16.41, with 0.43 million shares of worth about $7.13 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.36% during that period and on March 28, 2024 the price saw a gain of about 1.93%. Currently the company’s common shares owned by public are about 59.45M shares, out of which, 56.91M shares are available for trading.
Stock saw a price change of 1.67% in past 5 days and over the past one month there was a price change of 10.06%. Year-to-date (YTD), OCFC shares are showing a performance of -5.47% which decreased to -13.81% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.01 but also hit the highest price of $19.58 during that period. The average intraday trading volume for OceanFirst Financial Corp. shares is 338.44K. The stock is currently trading 6.92% above its 20-day simple moving average (SMA20), while that difference is up 2.96% for SMA50 and it goes to 3.53% higher than SMA200.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
OceanFirst Financial Corp. (NASDAQ: OCFC) currently have 59.45M outstanding shares and institutions hold larger chunk of about 71.41% of that.
The stock has a current market capitalization of $967.37M and its 3Y-monthly beta is at 0.99. PE ratio of stock for trailing 12 months is 9.69, while it has posted earnings per share of $1.69 in the same period. Its PEG reads 0.97 while making debt-to-equity ratio of 0.69. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OCFC, volatility over the week remained 3.14% while standing at 3.36% over the month.
Analysts are in expectations that OceanFirst Financial Corp. (OCFC) stock would likely to be making an EPS of $0.41 in the current quarter, while forecast for next quarter EPS is $0.43 and it is $2.11 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.39 which is $0.43 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.55 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -1.28% while it is estimated to increase by 20.00% in next year. EPS is likely to grow at an annualized rate of 10.00% for next 5-years, compared to annual growth of 2.36% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on January 05, 2024 offering an Outperform rating for the stock and assigned a target price of $21 to it. Coverage by DA Davidson stated OceanFirst Financial Corp. (OCFC) stock as a Neutral in their note to investors on September 18, 2023, suggesting a price target of $17 for the stock. Stock get an Overweight rating from Piper Sandler on August 06, 2021.
