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NASDAQ: OCFC
Oceanfirst Financial Corp Stock

$16.41+0.31 (+1.93%)
Updated Mar 28, 2024
OCFC Price
$16.41
Fair Value Price
N/A
Market Cap
$967.43M
52 Week Low
$12.01
52 Week High
$19.58
P/E
9.65x
P/B
0.58x
P/S
2.65x
PEG
6.63x
Dividend Yield
4.88%
Revenue
$385.68M
Earnings
$104.03M
Gross Margin
100%
Operating Margin
35.45%
Profit Margin
25.9%
Debt to Equity
7.15
Operating Cash Flow
$124M
Beta
0.95
Next Earnings
Apr 19, 2024
Ex-Dividend
N/A
Next Dividend
N/A

OCFC Overview

OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. The company also offers commercial real estate, multi-family, land loans, construction, and commercial and industrial loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; and 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. In addition, it invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments. Further, the company offers bankcard, wealth management, and trust and asset management services; and sells alternative investment products and life insurance products. As of December 31, 2021, it operated through its branch office in Toms River; administrative office located in Red Bank and Mount Laurel; 46 additional branch offices and four deposit production facilities located throughout central and southern New Jersey; and commercial loan production offices in New Jersey, New York City, the Philadelphia area, Baltimore, and Boston. The company was founded in 1902 and is based in Red Bank, New Jersey.

Zen Score

Industry Average (34)
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Due Diligence Checks

OCFC ($16.41) is trading above its intrinsic value of $10.20, according to an updated version of Benjamin Graham's Formula from Chapter 11 of "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
OCFC is good value based on its earnings relative to its share price (9.65x), compared to the US market average (44.51x)
P/E vs Market Valuation
OCFC is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
There are 35 more OCFC due diligence checks available for Premium users.

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OCFC News

Valuation

OCFC fair value

Fair Value of OCFC stock based on Discounted Cash Flow (DCF)
Price
$16.41
Fair Value
$18.81
Undervalued by
12.75%
OCFC ($16.41) is trading above... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation

OCFC price to earnings (PE)

For valuing profitable companies with steady earnings
Company
9.65x
Industry
-10.33x
Market
44.51x
OCFC is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
OCFC is good value based... subscribe to Premium to read more.
P/E vs Market Valuation

OCFC price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
0.58x
Industry
1.02x
OCFC is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation

OCFC price to earnings growth (PEG)

For valuing profitable companies with growth potential
OCFC is poor value relative... subscribe to Premium to read more.
PEG Value Valuation

OCFC's financial health

Profit margin

Revenue
$96.5M
Net Income
$27.7M
Profit Margin
27.6%
OCFC's Earnings (EBIT) of $136.73M... subscribe to Premium to read more.
Interest Coverage Financials
OCFC's profit margin has decreased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$13.5B
Liabilities
$11.9B
Debt to equity
7.15
OCFC's debt has increased relative... subscribe to Premium to read more.
Shrinking Debt Financials
OCFC's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
-$26.8M
Investing
-$342.1M
Financing
$113.8M
OCFC's operating cash flow ($124.26M)... subscribe to Premium to read more.
Debt Coverage Financials

OCFC vs Bank Stocks

TickerMarket Cap1d %P/EP/B
OCFC$967.43M+1.93%9.65x0.58x
OBK$968.08M+1.07%11.49x0.91x
BY$963.91M+0.51%8.07x0.97x
RBCAA$989.55M+0.87%10.99x1.08x
BHLB$999.87M+0.57%14.24x0.99x

Oceanfirst Financial Stock FAQ

What is Oceanfirst Financial's quote symbol?

(NASDAQ: OCFC) Oceanfirst Financial trades on the NASDAQ under the ticker symbol OCFC. Oceanfirst Financial stock quotes can also be displayed as NASDAQ: OCFC.

If you're new to stock investing, here's how to buy Oceanfirst Financial stock.

What is the 52 week high and low for Oceanfirst Financial (NASDAQ: OCFC)?

(NASDAQ: OCFC) Oceanfirst Financial's 52-week high was $19.58, and its 52-week low was $12.01. It is currently -16.19% from its 52-week high and 36.69% from its 52-week low.

How much is Oceanfirst Financial stock worth today?

(NASDAQ: OCFC) Oceanfirst Financial currently has 58,953,536 outstanding shares. With Oceanfirst Financial stock trading at $16.41 per share, the total value of Oceanfirst Financial stock (market capitalization) is $967.43M.

Oceanfirst Financial stock was originally listed at a price of $12.42 in Dec 31, 1997. If you had invested in Oceanfirst Financial stock at $12.42, your return over the last 26 years would have been 32.16%, for an annualized return of 1.08% (not including any dividends or dividend reinvestments).

How much is Oceanfirst Financial's stock price per share?

(NASDAQ: OCFC) Oceanfirst Financial stock price per share is $16.41 today (as of Mar 28, 2024).

What is Oceanfirst Financial's Market Cap?

(NASDAQ: OCFC) Oceanfirst Financial's market cap is $967.43M, as of Mar 29, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Oceanfirst Financial's market cap is calculated by multiplying OCFC's current stock price of $16.41 by OCFC's total outstanding shares of 58,953,536.
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