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OceanFirst Financial Corp. (OCFC)

Stock Price: $17.25 USD 0.70 (4.23%)
Updated Aug 10, 2020 11:27 AM EDT - Market open

Stock Price Chart

Key Info

Market Cap 944.92M
Revenue (ttm) 315.13M
Net Income (ttm) 83.93M
Shares Out 60.34M
EPS (ttm) 1.51
PE Ratio 11.42
Forward PE 8.89
Dividend $0.68
Dividend Yield 3.94%

Stock Quote

Trading Day Aug 10, 2020
Last Price $17.25
Previous Close $16.55
Change ($) 0.70
Change (%) 4.23%
Day's Open 16.61
Day's Range 16.31 - 17.37
Day's Volume 96,713
52-Week Range 11.60 - 25.61

More Stats

Market Cap 944.92M
Enterprise Value 1.75B
Earnings Date (est) Oct 22, 2020
Ex-Dividend Date Jul 31, 2020
Shares Outstanding 60.34M
Float 58.12M
EPS (basic) 1.62
EPS (diluted) 1.51
FCF / Share 2.00
Dividend $0.68
Dividend Yield 3.94%
Earnings Yield 8.75%
FCF Yield 12.68%
Payout Ratio 42.00%
Shares Short 1.08M
Short Ratio 4.33
Short % of Float 1.76%
Beta 0.92
PE Ratio 11.42
Forward PE 8.89
P/FCF Ratio 7.88
PS Ratio 3.00
PB Ratio 0.64
Revenue 315.13M
Operating Income 101.93M
Net Income 83.93M
Free Cash Flow 119.84M
Net Cash -804.67M
Net Cash / Share -14.69
Gross Margin 94.09%
Operating Margin 32.34%
Profit Margin 27.40%
FCF Margin 38.03%
ROA 0.86%
ROE 6.40%
ROIC 1.10%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (8)

Buy 5
Overweight 0
Hold 3
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$19.43*
(12.64% upside)
Low
17.0
Current: $17.25
High
21.0
Target: 19.43
*Average 12-month price target from 7 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue29727219213891.9888.3084.1983.3484.8884.43
Revenue Growth9.07%41.7%38.97%50.09%4.17%4.88%1.02%-1.82%0.54%-
Gross Profit29727219213891.9888.3084.1983.3484.8884.43
Operating Income10785.5065.3335.3431.2130.5329.2130.9532.2130.78
Net Income88.5771.9342.4723.0520.3219.9216.3320.0220.7420.38
Shares Outstanding50.1746.7732.1123.0916.6016.6917.0717.7318.1918.14
Earnings Per Share1.751.511.280.981.211.190.951.121.141.12
EPS Growth15.89%17.97%30.61%-19.01%1.68%25.26%-15.18%-1.75%1.79%-
Dividend Per Share0.680.620.600.540.520.490.480.480.480.48
Dividend Growth9.68%3.33%11.11%3.85%6.12%2.08%0%0%0%-
Operating Cash Flow10092.5580.1333.4228.3327.5835.4630.8917.5539.94
Capital Expenditures-5.08-11.49-48.70-6.67-3.89-3.97-4.28-2.60-2.21-2.56
Free Cash Flow95.1781.0631.4326.7524.4423.6131.1828.2915.3437.38
Cash & Equivalents12112111030143.9536.1233.9662.5477.5331.46
Total Debt702625436391430407277321367367
Net Cash / Debt-581-504-326-89.65-386-371-243-258-289-336
Assets8,2467,5165,4165,1672,5932,3572,2502,2692,3022,251
Liabilities7,0936,4774,8144,5952,3552,1382,0352,0492,0852,050
Book Value1,1531,039602572238218214220217201
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name OceanFirst Financial Corp.
Country United States
CEO Christopher D. Maher

Stock Information

Ticker Symbol OCFC
Stock Exchange NASDAQ
Sector Financial Services
Industry Banks—Regional
Unique Identifier NASDAQ: OCFC
IPO Date July 3, 1996

Description

OceanFirst Financial Corp. operates as the holding company for OceanFirst Bank N.A. that provides community banking services. The company accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. It also offers commercial real estate, multi-family mortgage, land loans, construction, and commercial and industrial loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; consumer loans, such as home equity loans and lines of credit, student loans, overdraft line of credit, loans on savings accounts, and other consumer loans; and commercial and industrial loans, and lines of credit. In addition, the company invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments. Further, it offers bankcard, wealth management, and trust and asset management services; and sells alternative investment products and life insurance products. As of December 31, 2019 the company operated through its branch office in Toms River; administrative/branch office located in Red Bank; 54 additional branch offices and five deposit production facilities located throughout central and southern New Jersey; and commercial loan production offices in New York City, the Philadelphia area, as well as Atlantic, Cape May, and Mercer Counties in New Jersey. OceanFirst Financial Corp. was founded in 1902 and is based in Red Bank, New Jersey.