Oceanfirst Financial (OCFC) Divestments (2020 - 2023)
Oceanfirst Financial (OCFC) recorded quarterly Divestments of $4.2 million in Q2 2023, up 529.5% quarter-over-quarter from $661000.0 in Q1 2023, and down 68.37% on a YoY basis from $13.2 million in Q2 2022.
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 $365000.0, changed N/A from the prior year.
- Divestments was $4.2 million for Q2 2023 at Oceanfirst Financial, up from $661000.0 in the prior quarter.
- In the past five years, Divestments ranged from a high of $99.1 million in Q1 2021 to a low of -$284000.0 in Q2 2021.
- Historically, Divestments has averaged $11.7 million across 4 years, with a median of $1.2 million in 2020.
- Biggest YoY gain for Divestments was 4732.04% in 2022; the steepest drop was 200.0% in 2022.
- A 4-year view of Divestments shows it stood at $16.1 million in 2020, then plunged by 99.99% to $1000.0 in 2021, then tumbled by 200.0% to -$1000.0 in 2022, then surged by 416200.0% to $4.2 million in 2023.
- The last three Divestments figures came in at $4.2 million (Q2 2023), $661000.0 (Q1 2023), and -$1000.0 (Q4 2022), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Divestments (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 97,765.53 Bn | 97,765.53 Bn | - | - |
| 2 | Bank Bradesco | 6,846.93 Bn | 6,830.99 Bn | - | - |
| 3 | Lloyds Banking | 384.13 Bn | 384.40 Bn | - | - |
| 4 | First Capital | 215.78 Bn | 215.63 Bn | - | - |
| 5 | Itau Unibanco Holding | 202.78 Bn | 202.78 Bn | - | - |
| 6 | Landmark Bancorp | 180.37 Bn | 180.34 Bn | - | - |
| 7 | NatWest | 168.65 Bn | -51.67 Bn | - | - |
| 8 | Shinhan Financial | 136.54 Bn | 104.11 Bn | - | 1.68 Bn |
| 9 | Mizuho Financial | 112.02 Bn | 112.56 Bn | - | - |
| 10 | Oceanfirst Financial | 1.06 Bn | 1.06 Bn | -530,000.00 | - |
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 |