OceanFirst Financial Statistics
Total Valuation
OCFC has a market cap or net worth of $1.02 billion. The enterprise value is $2.07 billion.
| Market Cap | 1.02B |
| Enterprise Value | 2.07B |
Important Dates
The last earnings date was Thursday, July 18, 2024, after market close.
| Earnings Date | Jul 18, 2024 |
| Ex-Dividend Date | Aug 5, 2024 |
Share Statistics
OCFC has 58.71 million shares outstanding. The number of shares has decreased by -0.22% in one year.
| Shares Outstanding | 58.71M |
| Shares Change (YoY) | -0.22% |
| Shares Change (QoQ) | +0.28% |
| Owned by Insiders (%) | 3.25% |
| Owned by Institutions (%) | 74.27% |
| Float | 56.43M |
Valuation Ratios
The trailing PE ratio is 10.18 and the forward PE ratio is 9.60. OCFC's PEG ratio is 1.84.
| PE Ratio | 10.18 |
| Forward PE | 9.60 |
| PS Ratio | 2.65 |
| Forward PS | 2.78 |
| PB Ratio | 0.61 |
| P/FCF Ratio | 7.31 |
| PEG Ratio | 1.84 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 13.33, with an EV/FCF ratio of 14.82.
| EV / Earnings | 20.55 |
| EV / Sales | 5.37 |
| EV / EBITDA | 13.33 |
| EV / EBIT | 14.85 |
| EV / FCF | 14.82 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | 0.71 |
| Debt / EBITDA | 7.59 |
| Debt / FCF | 8.44 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 6.10% and return on invested capital (ROIC) is 3.68%.
| Return on Equity (ROE) | 6.10% |
| Return on Assets (ROA) | 0.70% |
| Return on Capital (ROIC) | 3.68% |
| Revenue Per Employee | $419,276 |
| Profits Per Employee | $109,562 |
| Employee Count | 920 |
| Asset Turnover | 0.03 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, OCFC has paid $34.68 million in taxes.
| Income Tax | 34.68M |
| Effective Tax Rate | 25.60% |
Stock Price Statistics
The stock price has decreased by -2.47% in the last 52 weeks. The beta is 1.02, so OCFC's price volatility has been similar to the market average.
| Beta (5Y) | 1.02 |
| 52-Week Price Change | -2.47% |
| 50-Day Moving Average | 15.50 |
| 200-Day Moving Average | 15.37 |
| Relative Strength Index (RSI) | 61.34 |
| Average Volume (20 Days) | 366,254 |
Short Selling Information
The latest short interest is 1.64 million, so 2.80% of the outstanding shares have been sold short.
| Short Interest | 1.64M |
| Short Previous Month | 1.59M |
| Short % of Shares Out | 2.80% |
| Short % of Float | 2.91% |
| Short Ratio (days to cover) | 4.46 |
Income Statement
In the last 12 months, OCFC had revenue of $385.73 million and earned $100.80 million in profits. Earnings per share was $1.71.
| Revenue | 385.73M |
| Gross Profit | 385.73M |
| Operating Income | 139.46M |
| Pretax Income | 139.50M |
| Net Income | 100.80M |
| EBITDA | 155.40M |
| EBIT | 139.50M |
| Earnings Per Share (EPS) | $1.71 |
Balance Sheet
The company has $130.42 million in cash and $1.18 billion in debt, giving a net cash position of -$1.05 billion or -$17.86 per share.
| Cash & Cash Equivalents | 130.42M |
| Total Debt | 1.18B |
| Net Cash | -1.05B |
| Net Cash Per Share | -$17.86 |
| Equity (Book Value) | 1.67B |
| Book Value Per Share | 28.36 |
| Working Capital | n/a |
Cash Flow
In the last 12 months, operating cash flow was $146.00 million and capital expenditures -$6.24 million, giving a free cash flow of $139.76 million.
| Operating Cash Flow | 146.00M |
| Capital Expenditures | -6.24M |
| Free Cash Flow | 139.76M |
| FCF Per Share | $2.38 |
Margins
Gross margin is 100.00%, with operating and profit margins of 36.15% and 26.13%.
| Gross Margin | 100.00% |
| Operating Margin | 36.15% |
| Pretax Margin | 36.16% |
| Profit Margin | 26.13% |
| EBITDA Margin | 40.29% |
| EBIT Margin | 36.16% |
| FCF Margin | 36.23% |
Dividends & Yields
This stock pays an annual dividend of $0.80, which amounts to a dividend yield of 4.60%.
| Dividend Per Share | $0.80 |
| Dividend Yield | 4.60% |
| Dividend Growth (YoY) | n/a |
| Years of Dividend Growth | 2 |
| Payout Ratio | 46.78% |
| Buyback Yield | 0.22% |
| Shareholder Yield | 4.81% |
| Earnings Yield | 9.86% |
| FCF Yield | 13.67% |
Analyst Forecast
The average price target for OCFC is $18.00, which is 3.39% higher than the current price. The consensus rating is "Hold".
| Price Target | $18.00 |
| Price Target Difference | 3.39% |
| Analyst Consensus | Hold |
| Analyst Count | 5 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock Splits
The last stock split was on May 20, 2002. It was a forward split with a ratio of 3:2.
| Last Split Date | May 20, 2002 |
| Split Type | Forward |
| Split Ratio | 3:2 |
Scores
| Altman Z-Score | n/a |
| Piotroski F-Score | 4 |