Oceanfirst Financial (OCFC) Divestments (2020 - 2023)
Oceanfirst Financial (OCFC) posted quarterly Divestments of $4.2 million for Q2 2023, down 68.37% year-over-year from $13.2 million in Q2 2022, and up 529.5% quarter-over-quarter from $661000.0 in Q1 2023.
Oceanfirst Financial (OCFC) Divestments (2020 - 2023) Analysis & Trends
Oceanfirst Financial's Divestments history runs 4 years deep, the most recent figure standing at $4.2 million for Q2 2023.
- In Q2 2023, Divestments fell 68.37% year-over-year to $4.2 million; the TTM figure through Mar 2024 stood at $4.2 million (down 72.83% YoY), while the FY2025 annual figure was $2.8 million, changed N/A from the prior year.
- Divestments for Q2 2023 stood at $4.2 million, up from $661000.0 in the prior quarter.
- The five-year high for Divestments was $99.1 million in Q1 2021, with the low at -$284000.0 in Q2 2021.
- The 4-year median for Divestments is $1.2 million (2020), against an average of $11.7 million.
- Peak annual rise in Divestments reached 4732.04% in 2022, while the deepest fall reached 200.0% in 2022.
- Oceanfirst Financial's Divestments stood at $16.1 million in 2020, then tumbled by 99.99% to $1000.0 in 2021, then slumped by 200.0% to -$1000.0 in 2022, then jumped by 416200.0% to $4.2 million in 2023.
- Business Quant data shows OCFC's Divestments at $4.2 million in Q2 2023, $661000.0 in Q1 2023, and -$1000.0 in Q4 2022.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Divestments (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.91 Bn | 84.72 Bn | - | - |
| 2 | Pnc Financial Services | 97.91 Bn | 97.91 Bn | - | - |
| 3 | Us Bancorp | 96.43 Bn | 96.43 Bn | - | - |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.98 Bn | -144.11 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.09 Bn | - | - |
| 7 | Nu Holdings | 71.04 Bn | 57.36 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.78 Bn | 61.78 Bn | - | - |
| 9 | Fifth Third Bancorp | 49.93 Bn | 26.21 Bn | - | - |
| 10 | Oceanfirst Financial | 1.34 Bn | 1.34 Bn | -4.36 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2023 | 4.16 Mn |
| Mar 31, 2023 | 661,000.00 |
| Dec 31, 2022 | -1,000.00 |
| Sep 30, 2022 | 1.50 Mn |
| Jun 30, 2022 | 13.16 Mn |
| Mar 31, 2022 | 4.58 Mn |
| Dec 31, 2021 | 1,000.00 |
| Jun 30, 2021 | -284,000.00 |
| Mar 31, 2021 | 99.06 Mn |
| Dec 31, 2020 | 16.09 Mn |
| Sep 30, 2020 | 2,000.00 |
| Jun 30, 2020 | 889,000.00 |