OceanFirst Financial Corp. (OCFC)
NASDAQ: OCFC · IEX Real-Time Price · USD
15.18
+0.59 (4.04%)
At close: Apr 19, 2024, 4:00 PM
15.15
-0.03 (-0.20%)
After-hours: Apr 19, 2024, 5:43 PM EDT

OceanFirst Financial Statistics

Total Valuation

OCFC has a market cap or net worth of $894.91 million. The enterprise value is $1.88 billion.

Market Cap 894.91M
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 (%) 71.46%
Float 56.75M

Valuation Ratios

The trailing PE ratio is 8.93 and the forward PE ratio is 8.46. OCFC's PEG ratio is 1.84.

PE Ratio 8.93
Forward PE 8.46
PS Ratio 2.32
Forward PS 2.43
PB Ratio 0.54
P/FCF Ratio 7.68
PEG Ratio 1.84
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 12.30, with an EV/FCF ratio of 16.15.

EV / Earnings 18.82
EV / Sales 4.88
EV / EBITDA 12.30
EV / EBIT 13.76
EV / FCF 16.15

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 -14.43% 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 -14.43%
50-Day Moving Average 15.31
200-Day Moving Average 15.79
Relative Strength Index (RSI) 49.46
Average Volume (30 Days) 345,061

Short Selling Information

The latest short interest is 1.30 million, so 2.21% of the outstanding shares have been sold short.

Short Interest 1.30M
Short Previous Month 1.23M
Short % of Shares Out 2.21%
Short % of Float 2.30%
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
Full Income Statement

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
Full Balance Sheet

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
Full Cash Flow Statement

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 5.27%.

Dividend Per Share $0.80
Dividend Yield 5.27%
Dividend Growth (YoY) n/a
Years of Dividend Growth 2
Payout Ratio 47.06%
Buyback Yield -0.13%
Shareholder Yield 5.14%
Earnings Yield 11.18%
FCF Yield 13.02%
Dividend Details

Analyst Forecast

The average price target for OCFC is $19.60, which is 29.12% higher than the current price. The consensus rating is "Hold".

Price Target $19.60
Price Target Difference 29.12%
Analyst Consensus Hold
Analyst Count 5
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

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