OceanFirst Financial Corp. (OCFC) Stock Split History

OceanFirst Financial Corp. has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on May 18, 1998 with the ratio of 2-for-1, meaning that for 1 share of OCFC owned pre-split, shareholders then owned 2 shares. The most recent stock split took place on May 20, 2002 on a 3-for-2 basis.

These actions have increased OCFC stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only change the number of shares and the price per share with no impact on OceanFirst Financial Corp.'s total market capitalization.

For more detailed information of OceanFirst Financial Corp.'s stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. OceanFirst Financial Corp. has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when OCFC stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by OceanFirst Financial Corp.'s board of directors. Typically, no action is taken until its price per share reaches a specific threshold.