OceanFirst Financial Corp OCFC
$
Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
OceanFirst Financial Corp (OCFC) Business Model and Operations Summary
OceanFirst Financial Corp is engaged in the banking sector of the United States. It conducts the business of attracting retail and business deposits and investing them in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate loans. The company's sole segment deals with the delivery of loan and deposit products to customers. The bank's revenues are derived principally from interest on its loans, and to a lesser extent, interest on its investment and mortgage-backed securities. The rest of its income is dependent on bank card services and wealth management services.
Key Insights
OceanFirst Financial Corp (OCFC) Core Market Data and Business Metrics
Latest Closing Price
$17.18Market Cap
$1.01 BillionPrice-Earnings Ratio
10.41Total Outstanding Shares
58.46 Million SharesTotal Employees
920Dividend
$0.20 Per Share QuarterlyIPO Date
July 3, 1996SIC Description
National Commercial BanksPrimary Exchange
NASDAQHeadquarters
975 Hooper Ave, Toms River, NJ, 08753-8396
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Short Interest
Track Short Interest Levels to Gauge Bearish Market Sentiment and Short Squeeze Potential
| Avg Daily Volume | Days to Cover | Settlement Date | Short Interest |
|---|---|---|---|
| 307,847 Shares | 2.03 | 3/14/2025 | 623,614 Shares |
| 219,900 Shares | 2.64 | 2/28/2025 | 579,983 Shares |
| 370,491 Shares | 1.58 | 2/14/2025 | 586,501 Shares |
| 326,351 Shares | 1.83 | 1/31/2025 | 598,217 Shares |
| 328,941 Shares | 2.07 | 1/15/2025 | 681,722 Shares |
| 318,248 Shares | 1.63 | 12/31/2024 | 519,933 Shares |
Cash Flow Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Investing Activities | $106.40 Million |
| Net Cash Flow | $-30.10 Million |
| Net Cash Flow From Operating Activities, Continuing | $92.24 Million |
| Net Cash Flow, Continuing | $-30.10 Million |
| Net Cash Flow From Investing Activities, Continuing | $106.40 Million |
| Net Cash Flow From Operating Activities | $92.24 Million |
Income Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Diluted Average Shares | $58.30 Million |
| Net Income/Loss Attributable To Noncontrolling Interest | $325,000 |
| Income/Loss From Continuing Operations Before Tax | $130.66 Million |
| Interest Income/Expense Operating, Net | $334.04 Million |
| Basic Average Shares | $58.30 Million |
| Net Income/Loss Available To Common Stockholders, Basic | $96.05 Million |
Comprehensive Income
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss | $105.40 Million |
| Other Comprehensive Income/Loss | $5.01 Million |
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $325,000 |
| Comprehensive Income/Loss Attributable To Parent | $105.07 Million |
Balance Sheet
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Current Assets | $13.42 Billion |
| Assets | $13.42 Billion |
| Intangible Assets | $12.68 Million |
| Liabilities And Equity | $13.42 Billion |
| Long-term Debt | $197.55 Million |
| Equity Attributable To Parent | $1.70 Billion |
Historical Dividends
Current dividend: $0.20 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Jan 23, 2025 | Feb 14, 2025 | Feb 3, 2025 | $0.2 | Quarterly |
| Oct 17, 2024 | Nov 15, 2024 | Nov 4, 2024 | $0.2 | Quarterly |
| Jul 18, 2024 | Aug 16, 2024 | Aug 5, 2024 | $0.2 | Quarterly |
| Apr 18, 2024 | May 17, 2024 | May 6, 2024 | $0.2 | Quarterly |
| Jan 17, 2024 | Feb 16, 2024 | Feb 5, 2024 | $0.2 | Quarterly |
| Oct 19, 2023 | Nov 17, 2023 | Nov 6, 2023 | $0.2 | Quarterly |