OceanFirst Financial Corp
NASDAQ:OCFC
During the last 3 months OceanFirst Financial Corp insiders have not bought any shares, and have not sold any shares. The stock price has dropped by 6% over this period (open performance analysis).
The last transaction was made on
Nov 11, 2024
by
Murphy Joseph M. Jr.
(Director and Executive Vice President, Chief Operating Officer)
, who
sold
30k USD
worth of OCFC shares.
During the last 3 months OceanFirst Financial Corp insiders have not bought any shares, and have not sold any shares. The stock price has dropped by 6% over this period (open performance analysis).
The last transaction was made on
Nov 11, 2024
by
Murphy Joseph M. Jr.
(Director and Executive Vice President, Chief Operating Officer)
, who
sold
30k USD
worth of OCFC shares.
OceanFirst Financial Corp
Glance View
OceanFirst Financial Corp. traces its origins back to 1902, representing a longstanding presence in the banking sector. Originally a local enterprise serving the humble communities of New Jersey, the company has grown steadily over the years, evolving into a robust regional bank with a strong foothold in the eastern United States. OceanFirst's business model revolves around providing traditional banking services such as savings and checking accounts, mortgage lending, and various loan products to individuals and businesses. The bank's growth strategy involves a balance of organic expansion and strategic acquisitions, through which it has managed to extend its branch network across several states, enhancing its customer base and financial footprint. At its core, OceanFirst makes money by leveraging a fairly traditional banking approach — accepting deposits from customers and using those deposits to fund loans. The interest received from these loans often exceeds the interest paid on deposits, which is a classic interest rate spread model, forming a primary revenue stream. Additionally, the institution diversifies its income through service fees and commissions associated with wealth management services, online banking, and other financial products. With a focus on community involvement and understanding local market dynamics, OceanFirst has built a reputation for fostering enduring relationships with its clients, which in turn supports its operational stability and financial health. By maintaining a strong balance sheet and focusing on prudent risk management, the company has carved out a sustainable and profitable niche in the competitive banking sector.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
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