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OceanFirst Financial Corp. (OCFC)

Stock Price: $16.45 USD -0.48 (-2.84%)
Updated November 27, 12:32 PM EST - Market open

Stock Price Chart

Key Info

Market Cap 993.22M
Revenue (ttm) 287.30M
Net Income (ttm) 52.60M
Shares Out 60.38M
EPS (ttm) 0.92
PE Ratio 17.88
Forward PE 10.65
Dividend $0.68
Dividend Yield 4.13%

Stock Quote

Trading Day November 27
Last Price $16.45
Previous Close $16.93
Change ($) -0.48
Change (%) -2.84%
Day's Open 16.82
Day's Range 16.27 - 16.83
Day's Volume 73,414
52-Week Range 11.60 - 25.61

More Stats

Market Cap 993.22M
Enterprise Value 765.67M
Earnings Date (est) Jan 28, 2021
Ex-Dividend Date Nov 6, 2020
Shares Outstanding 60.38M
Float 58.87M
EPS (basic) 0.96
EPS (diluted) 0.92
FCF / Share 2.25
Dividend $0.68
Dividend Yield 4.13%
Earnings Yield 5.59%
FCF Yield 13.59%
Payout Ratio 70.80%
Shares Short 828,343
Short Ratio 3.41
Short % of Float 1.41%
Beta 0.96
PE Ratio 17.88
Forward PE 10.65
P/FCF Ratio 7.36
PS Ratio 3.46
PB Ratio 0.66
Revenue 287.30M
Operating Income 64.19M
Net Income 52.60M
Free Cash Flow 134.96M
Net Cash 227.55M
Net Cash / Share 3.77
Gross Margin 103.20%
Operating Margin 22.34%
Profit Margin 18.30%
FCF Margin 46.97%
ROA 0.54%
ROE 4.12%
ROIC 0.60%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Forecasts

Analyst Ratings (7)

Buy 4
Overweight 0
Hold 3
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$18.58*
(12.95% upside)
Low
17.0
Current: $16.45
High
20.0
Target: 18.58
*Average 12-month price target from 6 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 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.