Large Outflow of Money Witnessed in OceanFirst Financial

Shares of OceanFirst Financial (NASDAQ:OCFC) traded 0.39 points or 2.09% higher at $19.07.The total intraday money flow for the shares came in at a disappointing $(-2.36) million. The total upticks amounted to $0.31 million and the total downticks were approximately $2.67 million, with the up/down ratio of 0.12. On a different note, the shares have seen 3.75% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $0 million in upticks and an outflow of $2.26 million in downticks. The up/down ratio for the block was found to be 0. The net money flow for the block transaction was $(-2.26) million.


Currently the company Insiders own 11.1% of OceanFirst Financial shares according to the proxy statements. Institutional Investors own 65.07% of OceanFirst Financial shares. On the companys insider trading activities,The director of Oceanfirst Financial Corp, Farris Jack M. sold 150 shares at $17.2 on March 1, 2016. The Insider selling transaction had a total value worth of $2,580. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

OceanFirst Financial (NASDAQ:OCFC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.32 points or 1.68% at $18.75 with 108,318 shares getting traded. Post opening the session at $19, the shares hit an intraday low of $18.66 and an intraday high of $19.21 and the price was in this range throughout the day. The company has a market cap of $481 million and the number of outstanding shares have been calculated to be 25,662,175 shares. The 52-week high of OceanFirst Financial (NASDAQ:OCFC) is $21 and the 52-week low is $15.98.

OceanFirst Financial Corp. is a holding company for OceanFirst Bank (the Bank). The Company is a savings and loan holding company. The Banks principal business is attracting retail and business deposits in the communities surrounding its branch offices and investing those deposits primarily in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate and other commercial loans. The Bank also invests in other types of loans, including residential construction and consumer loans. In addition, the Bank invests in mortgage-backed securities (MBS), securities issued by the United States Government and agencies thereof, corporate securities and other investments permitted by applicable law and regulations. The Bank receives income from fees and service charges on loan and deposit products, wealth management services, Bankcard services and the sale of alternative investment products, such as mutual funds, annuities and life insurance.

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