Recent notable negative changes in fundamentals have affected OceanFirst Financial Corp. (NASDAQ: OCFC): the stock’s power rating fell below 50, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
Important negative changes in OceanFirst Financial Corp. (NASDAQ: OCFC) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, OCFC is expected to continue to be a modest Value Builder.
OceanFirst Financial has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. OceanFirst Financial has a very high Appreciation Score of 88 but a slightly negative Power Rating of 32, with the High Neutral Value Trend Rating the result.
Recent Price Action
On 8/9/24, OceanFirst Financial Corp. (NASDAQ: OCFC) stock declined modestly by -1.1%, closing at $15.66. However, unusually low trading volume at 59% of normal accompanied the decline. The stock has declined -9.4% during the last week and has performed in line with the market over the last nine months.
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