OceanFirst Financial Corp [NASDAQ: OCFC] surged by $0.12 during the normal trading session on while it closed the day at $18.03.
OceanFirst Financial Corp stock has also loss -0.39% of its value over the past 7 days. However, OCFC stock has inclined by 2.79% in the 3 months of the year. Over the past six months meanwhile, it has gained 11.71% and lost -0.39% year-on date.
The market cap for OCFC stock reached $1.05 billion, with 58.40 million shares outstanding and 56.62 million shares in the current float. Compared to the average trading volume of 254.80K shares, OCFC reached a trading volume of 280820 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about OceanFirst Financial Corp [OCFC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OCFC shares is $21.79 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OCFC stock is a recommendation set at 2.14. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Hovde Group have made an estimate for OceanFirst Financial Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 20, 2024. The new note on the price target was released on May 31, 2024, representing the official price target for OceanFirst Financial Corp stock. Previously, the target price had yet another raise to $21, while Raymond James analysts kept a Outperform rating on OCFC stock. On September 18, 2023, analysts decreased their price target for OCFC shares from 21 to 17.
The Average True Range (ATR) for OceanFirst Financial Corp is set at 0.56, with the Price to Sales ratio for OCFC stock in the period of the last 12 months amounting to 1.52. The Price to Book ratio for the last quarter was 0.62. Price to Free Cash Flow for OCFC in the course of the last twelve months was 30.58.
OCFC stock trade performance evaluation
OceanFirst Financial Corp [OCFC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.39. With this latest performance, OCFC shares dropped by -11.05% in over the last four-week period, additionally plugging by 11.71% over the last 6 months – not to mention a rise of 3.68% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OCFC stock in for the last two-week period is set at 40.01, with the RSI for the last a single of trading hit 41.07, and the three-weeks RSI is set at 41.99 for OceanFirst Financial Corp [OCFC]. The present Moving Average for the last 50 days of trading for this stock 19.35, while it was recorded at 17.99 for the last single week of trading, and 17.13 for the last 200 days.
OceanFirst Financial Corp [OCFC]: An insightful look at the core fundamentals
OceanFirst Financial Corp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.09.
Earnings per share (EPS) analysis for OceanFirst Financial Corp [OCFC] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OCFC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for OceanFirst Financial Corp go to 10.00%.
OceanFirst Financial Corp [OCFC]: Institutional Ownership
There are presently around $73.73%, or 76.08%% of OCFC stock, in the hands of institutional investors. The top three institutional holders of OCFC stocks are: BLACKROCK INC. with ownership of 8.3 million shares, which is approximately 14.126%. VANGUARD GROUP INC, holding 3.53 million shares of the stock with an approximate value of $$56.12 million in OCFC stocks shares; and VANGUARD GROUP INC, currently with $$50.59 million in OCFC stock with ownership which is approximately 5.4154%.
