With 0.28 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.25 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $18.09 whereas the lowest price it dropped to was $17.6492. The 52-week range on OCFC shows that it touched its highest point at $21.87 and its lowest point at $14.03 during that stretch. It currently has a 1-year price target of $21.79. With its current market cap of 1.05 billion, OCFC has annualized dividend of $0.80 while the current yield stands at 4.44%. Beta for the stock currently stands at 1.03.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OCFC was down-trending over the past week, with a drop of -0.39%, but this was down by -11.05% over a month. Three-month performance surged to 2.79% while six-month performance rose 11.71%. The stock gained 3.68% in the past year, while it has lost -0.39% so far this year. A look at the trailing 12-month EPS for OCFC yields 1.74 with Next year EPS estimates of 1.61. For the next quarter, that number is 0.36. This implies an EPS growth rate of -11.00% for this year and 1.62% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.36%.
Float and Shares Shorts:
At present, 58.40 million OCFC shares are outstanding with a float of 56.62 million shares on hand for trading. On 2024-12-13, short shares totaled 0.55 million, which was 94.0 higher than short shares on 1731628800. In addition to Mr. Christopher D. Maher as the firm’s Chairman & CEO, Mr. Joseph J. Lebel III serves as its President, COO & Director.
Institutional Ownership:
Through their ownership of 0.73734003 of OCFC’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OCFC since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With OCFC analysts setting a high price target of 24.0 and a low target of 19.0, the average target price over the next 12 months is 21.92857. Based on these targets, OCFC could surge 33.11% to reach the target high and rise by 5.38% to reach the target low. Reaching the average price target will result in a growth of 21.62% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.62415 being high and $1.5544 being low. For OCFC, this leads to a yearly average estimate of $1.58429.
