Oceanfirst Financial (OCFC) Divestments (2020 - 2023)
Oceanfirst Financial (OCFC) posted Divestments of $4.2 million for Q2 2023, up 529.5% on a QoQ basis from $661000.0 in Q1 2023, and down 68.37% year-over-year from $13.2 million in Q2 2022.
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Analysis
Oceanfirst Financial (OCFC) Divestments (2020 - 2023) Analysis & Trends
Oceanfirst Financial has reported Divestments for 4 years, with the latest figure at $4.2 million in Q2 2023.
- On a quarterly basis, Divestments fell 68.37% year-over-year to $4.2 million in Q2 2023; TTM through Mar 2024 was $4.2 million, a 72.83% decrease from a year earlier, with the FY2025 full-year figure at $2.8 million, down 87.93% from the prior year.
- Divestments was $4.2 million for Q2 2023 at Oceanfirst Financial, 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.
- Average Divestments over 4 years is $11.7 million, with a median of $1.2 million recorded in 2020.
- The largest YoY upside for Divestments was 4732.04% in 2022 against a maximum downside of 200.0% in 2022.
- Over 4 years, 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 soared 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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Divestments (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 439.96 Bn | 559.90 Bn | - | - |
| 2 | Truist Financial | 58.71 Bn | 58.71 Bn | - | - |
| 3 | Fifth Third Bancorp | 47.86 Bn | 24.13 Bn | - | - |
| 4 | M&T Bank | 32.26 Bn | 32.26 Bn | - | - |
| 5 | Huntington Bancshares | 31.70 Bn | 27.21 Bn | - | - |
| 6 | Citizens Financial | 27.67 Bn | 27.67 Bn | - | - |
| 7 | Regions Financial | 23.78 Bn | 23.85 Bn | - | - |
| 8 | Keycorp | 21.85 Bn | -25.84 Bn | - | - |
| 9 | First Citizens Bancshares | 21.48 Bn | 20.95 Bn | 29.00 Mn | - |
| 10 | Oceanfirst Financial | 1.22 Bn | 1.22 Bn | -4.36 Mn | - |
Historic Data
Download Data
Historic 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 |
API Access
Oceanfirst Financial Divestments API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=divestments&ticker=OCFC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "divestments", "ticker": "OCFC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=divestments&ticker=OCFC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();