A share price of OceanFirst Financial Corp [OCFC] is currently trading at $18.13, up 0.78%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The OCFC shares have gain 3.19% over the last week, with a monthly amount drifted -0.77%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
OceanFirst Financial Corp [NASDAQ: OCFC] stock has seen the most recent analyst activity on January 27, 2025, when Hovde Group reiterated its Outperform rating and also revised its price target to $22 from $23. Previously, Hovde Group reaffirmed its Outperform rating on September 20, 2024, and elevated its price target to $21.50. On May 31, 2024, downgrade downgraded it’s rating to Mkt Perform but maintained its price target of $18 on the stock. Raymond James upgraded its rating to a Outperform but stick to its price target of $21 on January 05, 2024. DA Davidson downgraded its rating to a Neutral and reduced its price target to $17 on September 18, 2023. Piper Sandler downgraded its rating to Neutral for this stock on December 12, 2022, but kept the price target unchanged to $25.
OceanFirst Financial Corp experienced fluctuations in its stock price throughout the past year between $14.29 and $21.87. Currently, Wall Street analysts expect the stock to reach $19.33 within the next 12 months. OceanFirst Financial Corp [NASDAQ: OCFC] shares were valued at $18.13 at the most recent close of the market. An investor can expect a potential return of 6.62% based on the average OCFC price forecast.
Analyzing the OCFC fundamentals
Trailing Twelve Months sales for OceanFirst Financial Corp [NASDAQ:OCFC] were 679.54M which represents -2.26% decline. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.73.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 17.93 points at the first support level, and at 17.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.29, and for the 2nd resistance point, it is at 18.46.
Ratios To Look Out For
To put it in perspective, the Current Ratio for OceanFirst Financial Corp [NASDAQ:OCFC] is 0.03. Considering the valuation of this stock, the price to sales ratio is 1.53, the price to book ratio is 0.63 and price to earnings (TTM) ratio is 12.87.
Transactions by insiders
Recent insider trading involved Murphy Joseph M. Jr., Director, that happened on Nov 11 ’24 when 1500.0 shares were sold.
