OceanFirst Financial Corp. (OCFC): Price and Financial Metrics
OCFC Price/Volume Stats
| Current price | $14.28 | 52-week high | $24.93 |
| Prev. close | $14.47 | 52-week low | $12.81 |
| Day low | $14.18 | Volume | 390,000 |
| Day high | $14.69 | Avg. volume | 294,250 |
| 50-day MA | $16.86 | Dividend yield | 5.59% |
| 200-day MA | $18.35 | Market Cap | 848.55M |
OCFC Stock Price Chart Interactive Chart >
OCFC POWR Grades
- OCFC scores best on the Value dimension, with a Value rank ahead of 80.57% of US stocks.
- OCFC's strongest trending metric is Growth; it's been moving down over the last 177 days.
- OCFC's current lowest rank is in the Sentiment metric (where it is better than 12.4% of US stocks).
OCFC Stock Summary
- OCFC's current price/earnings ratio is 6.06, which is higher than just 11.72% of US stocks with positive earnings.
- With a year-over-year growth in debt of 71.05%, OCEANFIRST FINANCIAL CORP's debt growth rate surpasses 87.37% of about US stocks.
- Shareholder yield, a measure of how much is returned to shareholders via dividends and share repurchases, for OCFC comes in at -60.38% -- higher than that of just 9.18% of stocks in our set.
- If you're looking for stocks that are quantitatively similar to OCEANFIRST FINANCIAL CORP, a group of peers worth examining would be LBAI, SASR, BHB, FLIC, and CAC.
- Visit OCFC's SEC page to see the company's official filings. To visit the company's web site, go to www.oceanfirst.com.
OCFC Valuation Summary
- In comparison to the median Financial Services stock, OCFC's price/earnings ratio is 30.53% lower, now standing at 6.6.
- Over the past 243 months, OCFC's price/earnings ratio has gone down 11.
Below are key valuation metrics over time for OCFC.
| Stock | Date | P/S | P/B | P/E | EV/EBIT |
|---|---|---|---|---|---|
| OCFC | 2023-09-15 | 2.2 | 0.6 | 6.6 | 9.7 |
| OCFC | 2023-09-14 | 2.2 | 0.6 | 6.8 | 9.8 |
| OCFC | 2023-09-13 | 2.2 | 0.6 | 6.8 | 9.8 |
| OCFC | 2023-09-12 | 2.3 | 0.6 | 7.0 | 9.9 |
| OCFC | 2023-09-11 | 2.3 | 0.6 | 6.9 | 9.9 |
| OCFC | 2023-09-08 | 2.3 | 0.6 | 6.9 | 9.9 |
OCFC Growth Metrics
- The year over year net cashflow from operations growth rate now stands at 70.78%.
- Its 5 year price growth rate is now at -46.07%.
- Its year over year revenue growth rate is now at 7.7%.
The table below shows OCFC's growth in key financial areas (numbers in millions of US dollars).
| Date | Revenue | Operating Cash Flow | Net Income to Common Stock |
|---|---|---|---|
| 2022-12-31 | 428.803 | 250.45 | 142.587 |
| 2022-09-30 | 389.98 | 250.919 | 111.972 |
| 2022-06-30 | 370.075 | 147.466 | 97.528 |
| 2022-03-31 | 365.27 | 180.743 | 99.122 |
| 2021-12-31 | 369.101 | 159.972 | 106.06 |
| 2021-09-30 | 391.931 | 124.17 | 116.467 |
OCFC's Quality Factors
The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.- OCFC has a Quality Grade of C, ranking ahead of 39.68% of graded US stocks.
- OCFC's asset turnover comes in at 0.034 -- ranking 305th of 428 Banking stocks.
- WSBC, PNFP, and EVBN are the stocks whose asset turnover ratios are most correlated with OCFC.
The table below shows OCFC's key quality metrics over time.
| Period | Asset Turnover | Gross Margin | ROIC |
|---|---|---|---|
| 2021-09-30 | 0.034 | 1 | 0.015 |
| 2021-06-30 | 0.030 | 1 | 0.012 |
| 2021-03-31 | 0.029 | 1 | 0.010 |
| 2020-12-31 | 0.029 | 1 | 0.008 |
| 2020-09-30 | 0.028 | 1 | 0.006 |
| 2020-06-30 | 0.033 | 1 | 0.011 |
OCFC Price Target
For more insight on analysts targets of OCFC, see our OCFC price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.
| Average Price Target | $26.28 | Average Broker Recommendation | 1.33 (Strong Buy) |
OceanFirst Financial Corp. (OCFC) Company Bio
OceanFirst Financial Corporation provides a range of community banking services to retail, government, and business customers in New Jersey. The company was founded in 1902 and is based in Toms River, New Jersey.
Latest OCFC News From Around the Web
Below are the latest news stories about OCEANFIRST FINANCIAL CORP that investors may wish to consider to help them evaluate OCFC as an investment opportunity.
OceanFirst Financial Corp. Schedules Earnings Conference CallRED BANK, N.J., Sept. 22, 2023 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, today announced that it will issue its earnings release for the quarter ended September 30, 2023 on Thursday, October 19, 2023 after the market close. Management will then conduct a conference call at 11:00 a.m. Eastern Time, on Friday, October 20, 2023 to discuss highlights of the Company's third quarter operating performance. The direct dial number for the call |
OceanFirst Financial Corp. Enhances Board and Announces Chief Risk Officer TransitionRED BANK, N.J., Sept. 19, 2023 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), today announced the appointment of three members to its Board of Directors. John F. Barros, Managing Principal, Civitas Builder – Boston, MA, effective September 18, 2023;Robert C. Garrett, CEO, Hackensack Meridian Health – Morris Township, NJ, effective October 1, 2023;Dalila Wilson-Scott, EVP and Chief Diversity Officer, Comcast Corporation and President, Comcast NBCUniversal Foundation – Philadelphia, |
Participation in office loan trips up New Jersey bankCommercial real estate loans are a growing area of concern for banks. But OceanFirst says its exposure to a troubled shared credit tied to a Manhattan office building isn't a sign of broader problems in its portfolio. |
Here's Why We Think OceanFirst Financial (NASDAQ:OCFC) Might Deserve Your Attention TodayFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to... |
OceanFirst Financial Corp. (NASDAQ:OCFC) Looks Interesting, And It's About To Pay A DividendRegular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see OceanFirst... |
OCFC Price Returns
| 1-mo | -17.55% |
| 3-mo | -8.24% |
| 6-mo | -17.04% |
| 1-year | -21.84% |
| 3-year | 10.10% |
| 5-year | -37.50% |
| YTD | -30.49% |
| 2022 | -0.85% |
| 2021 | 23.13% |
| 2020 | -24.11% |
| 2019 | 16.70% |
| 2018 | -12.24% |
OCFC Dividends
| Ex-Dividend Date | Type | Payout Amount | Change | ||||||
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Continue Researching OCFC
Want to do more research on Oceanfirst Financial Corp's stock and its price? Try the links below:Oceanfirst Financial Corp (OCFC) Stock Price | Nasdaq
Oceanfirst Financial Corp (OCFC) Stock Quote, History and News - Yahoo Finance
Oceanfirst Financial Corp (OCFC) Stock Price and Basic Information | MarketWatch
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