Do Traders Think OceanFirst Financial Corp. (OCFC) Can Turn Around Monday?

Overall market sentiment has been down on OceanFirst Financial Corp. (OCFC) stock lately. OCFC receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

OceanFirst Financial Corp. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on OCFC!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With OCFC Stock Today?

OceanFirst Financial Corp. (OCFC) stock has fallen -5.06% while the S&P 500 is higher by 0.05% as of 10:49 AM on Monday, Sep 18. OCFC is down -$0.81 from the previous closing price of $16.00 on volume of 104,421 shares. Over the past year the S&P 500 is higher by 14.17% while OCFC is down -25.90%. OCFC earned $2.44 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 6.23.

More About OceanFirst Financial Corp.

OceanFirst Financial Corp is engaged in the banking sector of the United States. It conducts the business of attracting retail and business deposits and investing them primarily in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate loans. The company's sole segment deals with the delivery of loan and deposit products to customers. The bank's revenues are derived principally from interest on its loans, and to a lesser extent, interest on its investment and mortgage-backed securities. The rest of its income is dependent on bankcard services and wealth management services. Click Here to get the full Stock Report for OceanFirst Financial Corp. stock.