OceanFirst Financial Corp.’s filing revealed that its EVP & CIO, OceanFirst Bank Schaeffer Brian unloaded Company’s shares for reported $54215.0 on May 02 ’24. In the deal valued at $15.49 per share,3,500 shares were sold. As a result of this transaction, Schaeffer Brian now holds 41,868 shares worth roughly $0.62 million.
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Then, Maher Christopher sold 10,713 shares, generating $159,624 in total proceeds. Upon selling the shares at $14.90, the Chairman and CEO now owns 328,362 shares.
Before that, Lebel Joseph III sold 8,496 shares. OceanFirst Financial Corp. shares valued at $126,845 were divested by the President and COO at a price of $14.93 per share. As a result of the transaction, Lebel Joseph III now holds 275,672 shares, worth roughly $4.08 million.
Keefe Bruyette downgraded its OceanFirst Financial Corp. [OCFC] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in early January from “a Mkt perform” to “an Outperform”. DA Davidson also remained covering OCFC and has decreased its forecast on September 18, 2023 with a “Neutral” recommendation from previously “Buy” rating. Piper Sandler revised its rating on December 12, 2022. It rated OCFC as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of OCFC
On Tuesday, OceanFirst Financial Corp. [NASDAQ:OCFC] saw its stock fall -0.74% to $14.79. Over the last five days, the stock has gained 1.16%. OceanFirst Financial Corp. shares have fallen nearly -14.80% since the year began. Nevertheless, the stocks have fallen -3.77% over the past one year. While a 52-week high of $19.58 was reached on 01/24/24, a 52-week low of $12.01 was recorded on 06/05/24. SMA at 50 days reached $15.05, while 200 days put it at $15.27. A total of 0.22 million shares were traded, compared to the trading of 0.58 million shares in the previous session.
Levels Of Support And Resistance For OCFC Stock
The 24-hour chart illustrates a support level at 14.70, which if violated will result in even more drops to 14.62. On the upside, there is a resistance level at 14.86. A further resistance level may holdings at 14.94. The Relative Strength Index (RSI) on the 14-day chart is 49.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.32%. Stochastics %K at 57.31% indicates the stock is a holding.
