Analyst Expects OceanFirst Financial Corp (NASDAQ: OCFC) To Make Big Moves

Cody Martinez

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

Stocks Info

As a NASDAQ listed company, OCFC falls under the Financial sector while operating within the Banks – Regional industry segment. The current market capitalization of OceanFirst Financial Corp is $1.02B. A total of 0.72 million shares were traded on the day, compared to an average of 295.11K shares.

In the most recent transaction, Murphy Joseph M. Jr. sold 1,500 shares of OCFC for 20.03 per share on Nov 11 ’24. After the transaction, the Director now owns 177,417 company shares.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. OceanFirst Financial Corp pays an annual dividend of $0.80, resulting in a dividend yield of 4.51%, and it has a price to earnings (P/E) ratio of 12.59.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, OCFC has a high of $21.87 and a low of $14.29.

As of this writing, OCFC has an earnings estimate of $0.35 per share for the current quarter. EPS was calculated based on a consensus of 6.0 estimates, with a high estimate of $0.38 per share and a lower estimate of $0.32. The company reported an EPS of $0.39 in the last quarter

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $28.63, while its Total Shareholder’s Equity was $1.52B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock.

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