OceanFirst Financial Statistics
Total Valuation
OCFC has a market cap or net worth of $897.86 million. The enterprise value is $1.88 billion.
| Market Cap | 897.86M |
| Enterprise Value | 1.88B |
Important Dates
The last earnings date was Thursday, April 18, 2024, after market close.
| Earnings Date | Apr 18, 2024 |
| Ex-Dividend Date | May 3, 2024 |
Share Statistics
OCFC has 58.95 million shares outstanding. The number of shares has increased by 0.13% in one year.
| Shares Outstanding | 58.95M |
| Shares Change (YoY) | +0.13% |
| Shares Change (QoQ) | -0.82% |
| Owned by Insiders (%) | 3.20% |
| Owned by Institutions (%) | 71.48% |
| Float | 56.73M |
Valuation Ratios
The trailing PE ratio is 8.96 and the forward PE ratio is 8.55. OCFC's PEG ratio is 1.84.
| PE Ratio | 8.96 |
| Forward PE | 8.55 |
| PS Ratio | 2.33 |
| Forward PS | 2.44 |
| PB Ratio | 0.54 |
| P/FCF Ratio | 7.70 |
| PEG Ratio | 1.84 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 12.32, with an EV/FCF ratio of 16.17.
| EV / Earnings | 18.85 |
| EV / Sales | 4.89 |
| EV / EBITDA | 12.32 |
| EV / EBIT | 13.78 |
| EV / FCF | 16.17 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | 0.69 |
| Debt / EBITDA | 7.45 |
| Debt / FCF | 9.79 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 6.10% and return on invested capital (ROIC) is 3.71%.
| Return on Equity (ROE) | 6.10% |
| Return on Assets (ROA) | 0.70% |
| Return on Capital (ROIC) | 3.71% |
| Revenue Per Employee | $439,268 |
| Profits Per Employee | $113,910 |
| Employee Count | 878 |
| Asset Turnover | 0.03 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, OCFC has paid $32.70 million in taxes.
| Income Tax | 32.70M |
| Effective Tax Rate | 24.64% |
Stock Price Statistics
The stock price has decreased by -1.30% in the last 52 weeks. The beta is 0.99, so OCFC's price volatility has been similar to the market average.
| Beta (1Y) | 0.99 |
| 52-Week Price Change | -1.30% |
| 50-Day Moving Average | 15.30 |
| 200-Day Moving Average | 15.78 |
| Relative Strength Index (RSI) | 49.91 |
| Average Volume (30 Days) | 346,941 |
Short Selling Information
The latest short interest is 1.17 million, so 1.98% of the outstanding shares have been sold short.
| Short Interest | 1.17M |
| Short Previous Month | 1.30M |
| Short % of Shares Out | 1.98% |
| Short % of Float | 2.06% |
| Short Ratio (days to cover) | 3.83 |
Income Statement
In the last 12 months, OCFC had revenue of $385.68 million and earned $100.01 million in profits. Earnings per share was $1.70.
| Revenue | 385.68M |
| Gross Profit | 385.68M |
| Operating Income | 136.77M |
| Pretax Income | 136.73M |
| Net Income | 100.01M |
| EBITDA | 153.04M |
| EBIT | 136.73M |
| Earnings Per Share (EPS) | $1.70 |
Balance Sheet
The company has $153.72 million in cash and $1.14 billion in debt, giving a net cash position of -$986.93 million or -$16.74 per share.
| Cash & Cash Equivalents | 153.72M |
| Total Debt | 1.14B |
| Net Cash | -986.93M |
| Net Cash Per Share | -$16.74 |
| Equity / Book Value | 1.66B |
| Book Value Per Share | 28.18 |
| Working Capital | n/a |
Cash Flow
In the last 12 months, operating cash flow was $124.26 million and capital expenditures -$7.71 million, giving a free cash flow of $116.55 million.
| Operating Cash Flow | 124.26M |
| Capital Expenditures | -7.71M |
| Free Cash Flow | 116.55M |
| FCF Per Share | $1.98 |
Margins
Gross margin is 100.00%, with operating and profit margins of 35.46% and 25.93%.
| Gross Margin | 100.00% |
| Operating Margin | 35.46% |
| Pretax Margin | 35.45% |
| Profit Margin | 25.93% |
| EBITDA Margin | 39.68% |
| EBIT Margin | 35.45% |
| FCF Margin | 30.22% |
Dividends & Yields
This stock pays an annual dividend of $0.80, which amounts to a dividend yield of 5.25%.
| Dividend Per Share | $0.80 |
| Dividend Yield | 5.25% |
| Dividend Growth (YoY) | n/a |
| Years of Dividend Growth | 2 |
| Payout Ratio | 47.06% |
| Buyback Yield | -0.13% |
| Shareholder Yield | 5.12% |
| Earnings Yield | 11.14% |
| FCF Yield | 12.98% |
Analyst Forecast
The average price target for OCFC is $19.17, which is 25.87% higher than the current price. The consensus rating is "Buy".
| Price Target | $19.17 |
| Price Target Difference | 25.87% |
| Analyst Consensus | Buy |
| Analyst Count | 6 |
| 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 |