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OCFC

OCFC - OceanFirst Financial Corp Stock Price, Fair Value and News

16.10USD+0.66 (+4.27%)Market Closed

Market Summary

OCFC
USD16.10+0.66
Market Closed
4.27%

OCFC Alerts

  • 3 major insider sales recently.
  • Big fall in earnings (Y/Y)

OCFC Stock Price

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OCFC RSI Chart

OCFC Valuation

Market Cap

949.2M

Price/Earnings (Trailing)

9.12

Price/Sales (Trailing)

1.56

EV/EBITDA

3.69

Price/Free Cashflow

8.14

OCFC Price/Sales (Trailing)

OCFC Profitability

EBT Margin

22.50%

Return on Equity

6.26%

Return on Assets

0.77%

Free Cashflow Yield

12.28%

OCFC Fundamentals

OCFC Revenue

Revenue (TTM)

608.0M

Rev. Growth (Yr)

23.15%

Rev. Growth (Qtr)

1.28%

OCFC Earnings

Earnings (TTM)

104.0M

Earnings Growth (Yr)

-48.04%

Earnings Growth (Qtr)

33.94%

Breaking Down OCFC Revenue

Last 7 days

5%

Last 30 days

0.1%

Last 90 days

-9.7%

Trailing 12 Months

-28.3%

How does OCFC drawdown profile look like?

OCFC Financial Health

Debt/Equity

0.67

Debt/Cashflow

0.11

OCFC Investor Care

Dividend Yield

4.97%

Dividend/Share (TTM)

0.8

Buy Backs (1Y)

0.41%

Diluted EPS (TTM)

1.7

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023479.2M529.9M577.8M608.0M
2022348.2M364.3M389.4M431.2M
2021366.3M353.7M346.2M342.1M
2020330.6M348.0M364.1M379.6M
2019290.2M298.6M304.1M308.8M
2018205.7M228.9M252.2M276.7M
2017156.4M170.1M180.8M188.8M
201688.8M101.3M116.7M133.4M
201580.3M81.0M82.8M85.9M
201479.9M79.6M79.7M79.9M
201384.8M82.9M81.4M80.2M
201294.0M91.8M89.8M87.6M
2011100.6M99.0M96.7M95.4M
2010097.7M99.5M101.4M
200900095.9M

Tracking the Latest Insider Buys and Sells of OceanFirst Financial Corp

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 05, 2024
ho angela k
sold
-10,186
14.87
-685
-
Mar 05, 2024
schaeffer brian
sold
-25,925
14.84
-1,747
-
Mar 05, 2024
maher christopher
sold
-159,624
14.9
-10,713
chairman and ceo
Mar 05, 2024
estep michele b
sold
-102,593
14.94
-6,867
-
Mar 05, 2024
tsimbinos steven james
sold
-69,320
14.79
-4,687
executive vp/corp. secretary
Mar 05, 2024
lebel joseph iii
sold
-126,845
14.93
-8,496
president and coo
Mar 05, 2024
giordano anthony iii
sold
-29,323
14.81
-1,980
-
Mar 01, 2024
lebel joseph iii
back to issuer
-
-
-9,923
president and coo
Mar 01, 2024
maher christopher
back to issuer
-
-
-15,021
chairman and ceo
Mar 01, 2024
estep michele b
back to issuer
-
-
-5,018
-

1–10 of 50

Which funds bought or sold OCFC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 22, 2024
PNC FINANCIAL SERVICES GROUP, INC.
added
6.19
65,086
302,655
-%
Mar 11, 2024
VANGUARD GROUP INC
added
2.25
10,811,700
58,491,800
-%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
added
113
22,150,300
36,319,200
-%
Feb 28, 2024
AMERICAN INTERNATIONAL GROUP, INC.
reduced
-0.41
82,030
503,006
-%
Feb 26, 2024
Virtu Financial LLC
sold off
-100
-197,000
-
-%
Feb 23, 2024
MENDON CAPITAL ADVISORS CORP
new
-
1,302,000
1,302,000
0.54%
Feb 20, 2024
Quarry LP
added
199
15,930
22,065
-%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
added
1.73
239,000
1,325,000
-%
Feb 16, 2024
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
added
1.4
27,577
152,577
-%
Feb 16, 2024
GSA CAPITAL PARTNERS LLP
reduced
-81.6
-791,000
224,000
0.02%

1–10 of 45

Are Funds Buying or Selling OCFC?

Are funds buying OCFC calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own OCFC
No. of Funds

Unveiling OceanFirst Financial Corp's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
5.67%
3,369,343
SC 13G/A
Feb 09, 2024
dimensional fund advisors lp
5.3%
3,152,468
SC 13G/A
Jan 23, 2024
blackrock inc.
14.3%
8,507,527
SC 13G/A
Feb 10, 2023
dimensional fund advisors lp
5.7%
3,383,579
SC 13G
Feb 09, 2023
vanguard group inc
5.40%
3,191,685
SC 13G
Jan 23, 2023
blackrock inc.
12.4%
7,343,546
SC 13G/A
Feb 08, 2022
dimensional fund advisors lp
4.7%
2,796,582
SC 13G/A
Feb 07, 2022
blackrock inc.
8.7%
5,145,964
SC 13G/A
Feb 12, 2021
dimensional fund advisors lp
5.3%
3,212,343
SC 13G/A
Feb 10, 2021
fj capital management llc
4.54%
2,741,209
SC 13G/A

Recent SEC filings of OceanFirst Financial Corp

View All Filings
Date Filed Form Type Document
Mar 07, 2024
4
Insider Trading
Mar 07, 2024
4
Insider Trading
Mar 07, 2024
4
Insider Trading
Mar 07, 2024
4
Insider Trading
Mar 07, 2024
4
Insider Trading
Mar 07, 2024
4
Insider Trading
Mar 07, 2024
4
Insider Trading
Mar 01, 2024
4
Insider Trading
Mar 01, 2024
4
Insider Trading
Mar 01, 2024
4
Insider Trading

Peers (Alternatives to OceanFirst Financial Corp)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
574.7B
171.1B
9.83% 42.39%
11.6
3.36
60.72% 31.52%
297.7B
130.3B
8.68% 33.18%
11.23
2.29
79.51% -3.68%
206.2B
85.7B
10.06% 39.05%
10.77
2.41
41.49% 39.96%
120.0B
133.3B
10.88% 37.45%
13
0.9
79.09% -
16.4B
10.2B
11.38% -2.76%
10.23
1.61
44.53% -22.43%
14.6B
7.9B
6.82% 30.36%
15.11
1.84
46.47% -49.56%
MID-CAP
7.2B
4.2B
2.60% 18.49%
8.16
1.72
56.25% -23.46%
6.4B
3.9B
0.02% 35.77%
9.4
1.62
45.91% -25.03%
3.3B
1.3B
-0.91% 7.40%
12.35
2.6
43.24% -22.35%
3.2B
2.0B
-1.30% -0.93%
17.55
1.64
70.97% -50.03%
SMALL-CAP
509.4M
120.2M
2.72% 45.71%
19.47
4.24
25.23% -24.02%
428.7M
164.9M
-6.65% 19.35%
36.65
2.6
42.66% -70.76%
411.8M
162.6M
-0.86% -7.25%
13.69
2.53
25.39% -38.37%
313.8M
96.6M
-6.16% 2.24%
9.9
3.25
11.02% -11.37%
46.8M
60.9M
-6.19% -32.56%
-13.99
0.77
24.06% -144.92%

OceanFirst Financial Corp News

Latest updates
Defense World • 117 minutes ago
Yahoo Movies Canada • 22 Mar 2024 • 04:10 am
Simply Wall St • 09 Mar 2024 • 12:13 pm

OceanFirst Financial Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue1.3%16015815013913011099.0091.0088.0085.0083.0085.0093.0093.0096.0098.0077.0077.0078.0076.0072.00
Operating Expenses-6.7%60.0064.0063.0061.0060.0059.0059.0057.0065.0059.0052.0052.0071.0057.0056.0063.0048.0043.0051.0047.0038.00
EBITDA Margin-13.8%0.85*0.99*1.13*1.25*1.35*1.32*1.30*1.32*1.34*1.36*1.22*1.14*---------
Interest Expenses-3.5%88.0091.0092.0099.0010696.0091.0084.0081.0077.0074.0074.0078.0077.0079.0080.0063.0063.0065.0064.0062.00
Income Taxes33.0%9.006.009.009.0017.0012.009.008.004.007.0010.0011.0010.00-2.616.004.003.006.004.005.004.00
Earnings Before Taxes34.6%36.0027.0037.0037.0071.0051.0038.0034.0027.0032.0041.0043.0043.00-7.5325.0021.0027.0031.0023.0026.0031.00
EBT Margin-24.0%0.22*0.30*0.37*0.41*0.45*0.39*0.36*0.38*0.42*0.46*0.34*0.28*---------
Net Income33.9%28.0021.0028.0028.0053.0039.0029.0026.0023.0024.0031.0033.0033.00-4.9319.0017.0023.0025.0019.0021.0027.00
Net Income Margin-23.7%0.17*0.22*0.28*0.31*0.34*0.30*0.28*0.30*0.32*0.35*0.26*0.22*---------
Free Cashflow-153.2%-28.4753.0069.0022.0039.0081.0065.0050.0025.00-30.9992.0032.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets0.3%13,53813,49813,53913,55513,10412,68312,43912,16511,74011,83011,48411,57711,44811,65111,34510,4898,2468,1358,0298,0937,516
    Cash Equivalents-62.4%1544094584961681711892112251,0081,1111,1901,3191,038779307133156155156122
  Net PPE----------------105103104106113111
  Goodwill0%5065065065065065065066.0050050050050050050150150086.00375375375338
Liabilities0.1%11,87611,86111,91311,94511,51811,14310,91710,64610,22310,3169,97510,0799,96410,1909,8699,0797,0936,9916,8926,9666,477
  Long Term Debt-1,118---1,476---348---364---688---611
Shareholder's Equity1.5%1,6611,6371,6261,6101,5851,5401,5211,5191,5171,5131,5091,4991,4841,4621,4761,4101,1531,1451,1371,1271,039
  Retained Earnings2.6%593578570555541500474456442431418398378356373364359344327317305
  Additional Paid-In Capital0.1%1,1621,1611,1591,1581,1551,1531,1511,1501,1471,1451,1441,1421,1381,1371,1361,078841840839837758
Shares Outstanding0.0%59.0059.0059.0059.0059.0059.0059.0059.0059.0060.0060.0060.00---------
Minority Interest9.7%1.001.001.001.001.001.001.00--------------
Float---903---1,102---1,212---1,038---1,244--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-148.9%-26,82354,82271,88824,37440,45283,70268,65257,64440,921-19,751101,92936,8735,11946,28017,56163,69618,26522,51621,39738,06930,318
  Share Based Compensation-40.0%9441,5741,5081,8281,6191,6191,8481,5521,1841,5051,4891,2375291,2501,3711,1087215381,690912508
Cashflow From Investing-4017.0%-342,1128,734-7,971-146,648-411,830-235,376-249,117-424,685-751,367-424,723-78,593-223,159514,299-82,300-369,019-85,149-143,798-98,79861,8418,63310,585
Cashflow From Financing201.2%113,771-112,421-102,403450,521368,656133,323158,348353,433-72,442341,057-102,00057,378-239,164295,119823,551195,442103,08077,044-83,865-13,486-67,668
  Dividend Payments0.2%12,84812,82612,84112,75912,73212,75611,02610,99711,07311,10411,17711,15611,19411,22910,22010,2748,2988,6398,6608,6448,139
  Buy Backs-------5,2522,1445,4319,68910,9459,994---14,8148,01210,6563,5933,80510,837

OCFC Income Statement

2023-12-31
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income:   
Loans$ 521,865$ 390,386$ 315,237
Debt securities59,27334,40722,033
Equity investments and other26,8366,3824,822
Total interest income607,974431,175342,092
Interest expense:   
Deposits172,01831,02125,210
Borrowed funds66,22522,67711,544
Total interest expense238,24353,69836,754
Net interest income369,731377,477305,338
Provision for credit losses (benefit)17,6787,768(11,832)
Net interest income after provision for credit losses (benefit)352,053369,709317,170
Other income:   
Bankcard services revenue5,9129,21913,360
Net gain on sales of loans4283583,186
Net (loss) gain on equity investments(3,732)9,6857,145
Net gain (loss) from other real estate operations048(15)
Income from bank owned life insurance5,2806,5786,832
Commercial loan swap income7417,0654,095
Other1,2129531,159
Total other income33,62459,09451,931
Operating expenses:   
Compensation and employee benefits135,802131,915120,014
Occupancy21,18820,81720,481
Equipment4,6504,9875,443
Marketing4,2382,9472,169
Federal deposit insurance and regulatory assessments11,1577,3596,155
Data processing24,83523,09521,570
Check card processing4,6404,9715,182
Professional fees18,29712,99311,043
Amortization of core deposit intangible3,9844,7185,453
Branch consolidation expense, net7071312,337
Merger related expenses222,7351,503
Other operating expense20,02917,63115,510
Total operating expenses248,912234,881226,860
Income before provision for income taxes136,765193,922142,241
Provision for income taxes32,70046,56532,165
Net income104,065147,357110,076
Net income attributable to non-controlling interest367540
Net income attributable to OceanFirst Financial Corp.104,029146,603110,076
Dividends on preferred shares4,0164,0164,016
Net income available to common stockholders, basic100,013142,587106,060
Net income available to common stockholders, diluted$ 100,013$ 142,587$ 106,060
Basic earnings per share (in dollars per share)$ 1.70$ 2.43$ 1.79
Diluted earnings per share (in dollars per share)$ 1.70$ 2.42$ 1.78
Average basic shares outstanding (in shares)58,94858,73059,406
Average diluted shares outstanding (in shares)58,95758,87859,649
Trust and asset management revenue   
Other income:   
Revenue$ 2,529$ 2,386$ 2,336
Fees and service charges   
Other income:   
Revenue$ 21,254$ 22,802$ 13,833
OCFC
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, 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, trust and asset management services; and sells life insurance products. The company was founded in 1902 and is based in Red Bank, New Jersey.
 CEO
 WEBSITEwww.oceanfirst.com
 EMPLOYEES915

OceanFirst Financial Corp Frequently Asked Questions


What is the ticker symbol for OceanFirst Financial Corp? What does OCFC stand for in stocks?

OCFC is the stock ticker symbol of OceanFirst Financial Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of OceanFirst Financial Corp (OCFC)?

As of Wed Mar 27 2024, market cap of OceanFirst Financial Corp is 949.15 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of OCFC stock?

You can check OCFC's fair value in chart for subscribers.

What is the fair value of OCFC stock?

You can check OCFC's fair value in chart for subscribers. The fair value of OceanFirst Financial Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of OceanFirst Financial Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for OCFC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is OceanFirst Financial Corp a good stock to buy?

The fair value guage provides a quick view whether OCFC is over valued or under valued. Whether OceanFirst Financial Corp is cheap or expensive depends on the assumptions which impact OceanFirst Financial Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for OCFC.

What is OceanFirst Financial Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Mar 27 2024, OCFC's PE ratio (Price to Earnings) is 9.12 and Price to Sales (PS) ratio is 1.56. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. OCFC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on OceanFirst Financial Corp's stock?

In the past 10 years, OceanFirst Financial Corp has provided 0.014 (multiply by 100 for percentage) rate of return.