OceanFirst Financial Corp. (NASDAQ: OCFC) stock closed at $21.04 on 11/6/24 after a major increase of 17.5%. Moreover, exceptionally high trading volume at 326% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 15.5% during the last week.
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 A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. OceanFirst Financial has a good Power Rating of 77 and a good Appreciation Score of 84, triggering the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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