OceanFirst Financial Corp. (OCFC)
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% |
Analyst Summary
Analyst Consensus: Buy
Financial Performance
Financial Overview
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 297 | 272 | 192 | 138 | 91.98 | 88.30 | 84.19 | 83.34 | 84.88 | 84.43 |
| Revenue Growth | 9.07% | 41.7% | 38.97% | 50.09% | 4.17% | 4.88% | 1.02% | -1.82% | 0.54% | - |
| Gross Profit | 297 | 272 | 192 | 138 | 91.98 | 88.30 | 84.19 | 83.34 | 84.88 | 84.43 |
| Operating Income | 107 | 85.50 | 65.33 | 35.34 | 31.21 | 30.53 | 29.21 | 30.95 | 32.21 | 30.78 |
| Net Income | 88.57 | 71.93 | 42.47 | 23.05 | 20.32 | 19.92 | 16.33 | 20.02 | 20.74 | 20.38 |
| Shares Outstanding | 50.17 | 46.77 | 32.11 | 23.09 | 16.60 | 16.69 | 17.07 | 17.73 | 18.19 | 18.14 |
| Earnings Per Share | 1.75 | 1.51 | 1.28 | 0.98 | 1.21 | 1.19 | 0.95 | 1.12 | 1.14 | 1.12 |
| EPS Growth | 15.89% | 17.97% | 30.61% | -19.01% | 1.68% | 25.26% | -15.18% | -1.75% | 1.79% | - |
| Dividend Per Share | 0.68 | 0.62 | 0.60 | 0.54 | 0.52 | 0.49 | 0.48 | 0.48 | 0.48 | 0.48 |
| Dividend Growth | 9.68% | 3.33% | 11.11% | 3.85% | 6.12% | 2.08% | 0% | 0% | 0% | - |
| Operating Cash Flow | 100 | 92.55 | 80.13 | 33.42 | 28.33 | 27.58 | 35.46 | 30.89 | 17.55 | 39.94 |
| Capital Expenditures | -5.08 | -11.49 | -48.70 | -6.67 | -3.89 | -3.97 | -4.28 | -2.60 | -2.21 | -2.56 |
| Free Cash Flow | 95.17 | 81.06 | 31.43 | 26.75 | 24.44 | 23.61 | 31.18 | 28.29 | 15.34 | 37.38 |
| Cash & Equivalents | 121 | 121 | 110 | 301 | 43.95 | 36.12 | 33.96 | 62.54 | 77.53 | 31.46 |
| Total Debt | 702 | 625 | 436 | 391 | 430 | 407 | 277 | 321 | 367 | 367 |
| Net Cash / Debt | -581 | -504 | -326 | -89.65 | -386 | -371 | -243 | -258 | -289 | -336 |
| Assets | 8,246 | 7,516 | 5,416 | 5,167 | 2,593 | 2,357 | 2,250 | 2,269 | 2,302 | 2,251 |
| Liabilities | 7,093 | 6,477 | 4,814 | 4,595 | 2,355 | 2,138 | 2,035 | 2,049 | 2,085 | 2,050 |
| Book Value | 1,153 | 1,039 | 602 | 572 | 238 | 218 | 214 | 220 | 217 | 201 |
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.