OceanFirst Financial Corp

OCFC remains in a Stage 2 advancing uptrend with strong medium- and long-term bullish bias, but with price currently extended above the rising EMAs, execution is best deferred. We will stalk for a pullback into the 9 EMA/21 EMA zone to align entry with structural support. Failure to hold the breakout level or these EMAs would invalidate the bullish structure.

• ↑GAAP EPS rose to $0.36 in Q1, up 23% YoY.
• ↑C&I segment originated $1B in loans, pipeline at $376M.
• ↓Operating expenses climbed $2.1M in Q1, weighing on net income.