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NASDAQ: OCFC
Oceanfirst Financial Corp Stock

$15.45+0.99 (+6.85%)
Updated Jun 2, 2023
OCFC Price
$15.45
Fair Value Price
$18.31
Market Cap
$919.06M
52 Week Low
$12.81
52 Week High
$24.93
P/E
6.26x
P/B
0.57x
P/S
2.49x
PEG
0.47x
Dividend Yield
5.18%
Revenue
$435.44M
Earnings
$148.73M
Gross Margin
100%
Operating Margin
45.01%
Profit Margin
33.2%
Debt to Equity
7.42
Operating Cash Flow
$217M
Beta
0.9
Next Earnings
Jul 26, 2023
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 (38)
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Due Diligence Checks

OCFC ($15.45) is undervalued by 15.61% relative to our estimate of its Fair Value price of $18.31 based on Discounted Cash Flow (DCF) modelling, but does not have a significant margin of safety
Below Fair Value Valuation
OCFC ($15.45) is not significantly undervalued (15.61%) relative to our estimate of its Fair Value price of $18.31 based on Discounted Cash Flow (DCF) modelling, when including a healthy margin of safety
Significantly Below Fair Value Valuation
OCFC ($15.45) is trading below... subscribe to Premium to read more.
Below Benjamin Graham Formula Value 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
$15.45
Fair Value
$18.31
Undervalued by
15.61%
OCFC ($15.45) is undervalued by... subscribe to Premium to read more.
Below Fair Value Valuation
OCFC ($15.45) is not significantly... subscribe to Premium to read more.
Significantly Below Fair Value Valuation
OCFC ($15.45) is trading below... 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
6.26x
Industry
19.88x
Market
52.69x
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
0.57x
Industry
0.91x
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 good value based... subscribe to Premium to read more.
PEG Value Valuation

OCFC's financial health

Profit margin

Revenue
$97.9M
Net Income
$27.9M
Profit Margin
27.5%
OCFC's Earnings (EBIT) of $195.97M... subscribe to Premium to read more.
Interest Coverage Financials
OCFC's profit margin has increased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$13.6B
Liabilities
$11.9B
Debt to equity
7.42
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
$24.4M
Investing
-$146.6M
Financing
$450.5M
OCFC's operating cash flow ($217.18M)... subscribe to Premium to read more.
Debt Coverage Financials

OCFC vs Bank Stocks

TickerMarket Cap1d %P/EP/B
OCFC$919.06M+6.85%6.26x0.57x
LBAI$923.92M+6.44%8.41x0.82x
PACW$905.34M+14.14%-0.98x0.33x
OBK$954.52M+7.71%9.57x0.96x
RBCAA$879.97M+4.85%9.67x1.00x

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 $24.93, and its 52-week low was $12.81. It is currently -38.03% from its 52-week high and 20.61% from its 52-week low.

How much is Oceanfirst Financial stock worth today?

(NASDAQ: OCFC) Oceanfirst Financial currently has 59,486,086 outstanding shares. With Oceanfirst Financial stock trading at $15.45 per share, the total value of Oceanfirst Financial stock (market capitalization) is $919.06M.

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 25 years would have been 24.43%, for an annualized return of 0.88% (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 $15.45 today (as of Jun 2, 2023).

What is Oceanfirst Financial's Market Cap?

(NASDAQ: OCFC) Oceanfirst Financial's market cap is $919.06M, as of Jun 5, 2023.

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 $15.45 by OCFC's total outstanding shares of 59,486,086.
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