OceanFirst Financial Corp. (OCFC) hits new 52-week high in March 08 session
Actions of OceanFirst Financial Corp. (OCFC) yesterday hit a new 52 week high, hitting a high of $ 23.96. The shares closed at $ 23.58 after opening at $ 23.45 for a 1.55% move. The company now has a market capitalization of $ 1.41 billion.
Investors and traders can learn a lot about the dynamics of a stock when it hits a new 52 week high. For example, bullish investors see a company reaching its highest price in a year as a sign of momentum and may interpret it as a buy signal. On the flip side, bearish investors might see a new 52 week high as a signal that a strong run is over, with the stock potentially peaking before a period of looming decline.
For OceanFirst Financial Corp., the new 52 week high reached a volume of 377,723. The stock has a free float of 59.92 million shares and an average daily volume of $ n / a. It has a 50-day SMA of $ n / a and a 200-day SMA of $ n / a.
For a full analysis of OceanFirst Financial Corp.’s fundamental analysis, see Equities.com Stock Valuation Analysis Report for OCFC.
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OceanFirst Financial Corp is engaged in the United States banking industry. It is a holding company of OceanFirst Bank, through which it deals with attracting deposits from individuals and businesses and investing them mainly in loans, consisting of residential mortgages. owner-occupied individuals and commercial real estate loans. The only segment of the company deals with the delivery of loan and deposit products to customers. The bank’s income comes mainly from interest on its loans and, to a lesser extent, from interest on its investments and mortgage-backed securities. The rest of his income depends on bank card services and wealth management services.
OceanFirst Financial Corp. is based in Red Bank, NJ and has some 987 employees. Its CEO is Christopher D. Maher.
OceanFirst Financial Corp. is also a component of the Russell 2000 Index, which is a valuable tool for any small-cap investor. Comprised of the 2,000 smallest publicly traded companies of the 3,000 largest US companies by market cap (which combine to form the larger Russell 3000 Index), the Russell 2000 provides the most comprehensive overview of the small-cap market. of all the clues.
Additionally, the Russell 2000 is maintained by Russell Investments, a company committed to using rules-based methodologies to construct unbiased indices that differ from the Dow Jones or S&P 500 industry average selected by the committee.
For more information on OceanFirst Financial Corp. and keep up with the latest company updates, you can visit the company profile page here:
OCFC Profile. For more information on financial markets and emerging growth companies, be sure to visit The Equities.com press office. Also, don’t forget to subscribe to our daily email newsletter to make sure you don’t miss any of our best stories.
All data provided by QuoteMedia was correct as of 4:30 p.m. ET.
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