OCFC Stock Overview
Operates as the bank holding company for OceanFirst Bank N.A. More details
| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 6/6 |
Rewards
Risk Analysis
No risks detected for OCFC from our risk checks.
My Notes
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OceanFirst Financial Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$17.94 |
| 52 Week High | US$21.87 |
| 52 Week Low | US$14.03 |
| Beta | 1.02 |
| 1 Month Change | -11.71% |
| 3 Month Change | -5.13% |
| 1 Year Change | 5.34% |
| 3 Year Change | -18.23% |
| 5 Year Change | -29.29% |
| Change since IPO | 153.27% |
Recent News & Updates
Recent updates
OceanFirst Financial: 7% Yield Still Attractive Despite Call Risk
Sep 10OceanFirst Financial (NASDAQ:OCFC) Is Paying Out A Dividend Of $0.20
Jul 23
OceanFirst Financial At Risk Of Treading Water Without Competitive Differentiation
Jul 02OceanFirst Financial's (NASDAQ:OCFC) Dividend Will Be $0.20
Apr 26OceanFirst Financial: The 7.1% Fixed-To-Floating Preferred Remains Very Attractive
Mar 21OceanFirst Financial (NASDAQ:OCFC) Has Announced A Dividend Of $0.20
Oct 24OceanFirst Financial (NASDAQ:OCFC) Will Pay A Dividend Of $0.20
Jul 25Should You Be Adding OceanFirst Financial (NASDAQ:OCFC) To Your Watchlist Today?
Mar 08Ocean First Financial goes ex-dividend tomorrow
Aug 04OceanFirst Looking To Disrupt Large, New Loan Markets And Generate Significant Operating Leverage
Mar 03OceanFirst: NJ Acquirer Focused On Efficiency Improvement
Feb 03OceanFirst Financial (NASDAQ:OCFC) Has Announced A Dividend Of US$0.17
Feb 01OceanFirst Financial (NASDAQ:OCFC) Has Re-Affirmed Its Dividend Of US$0.17
Nov 04OceanFirst Financial (NASDAQ:OCFC) Is Due To Pay A Dividend Of US$0.17
Aug 03We Think Some Shareholders May Hesitate To Increase OceanFirst Financial Corp.'s (NASDAQ:OCFC) CEO Compensation
May 13Is OceanFirst Financial Corp. (NASDAQ:OCFC) The Right Choice For A Smart Dividend Investor?
Apr 06If You Had Bought OceanFirst Financial (NASDAQ:OCFC) Shares A Year Ago You'd Have Earned 48% Returns
Mar 11Shareholder Returns
| OCFC | US Banks | US Market | |
|---|---|---|---|
| 7D | -10.2% | -6.3% | -4.0% |
| 1Y | 5.3% | 28.2% | 24.0% |
Return vs Industry: OCFC underperformed the US Banks industry which returned 31.3% over the past year.
Return vs Market: OCFC underperformed the US Market which returned 26.1% over the past year.
Price Volatility
| OCFC volatility | |
|---|---|
| OCFC Average Weekly Movement | 6.8% |
| Banks Industry Average Movement | 5.3% |
| Market Average Movement | 6.4% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: OCFC has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: OCFC's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1902 | 899 | Chris Maher | www.oceanfirst.com |
OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services to retail and commercial customers. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits, that includes brokered 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.
OceanFirst Financial Corp. Fundamentals Summary
| OCFC fundamental statistics | |
|---|---|
| Market cap | US$1.10b |
| Earnings (TTM) | US$101.82m |
| Revenue (TTM) | US$380.97m |
10.3x
P/E Ratio0.6x
P/B RatioIs OCFC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| OCFC income statement (TTM) | |
|---|---|
| Revenue | US$380.97m |
| Cost of Revenue | US$0 |
| Gross Profit | US$380.97m |
| Other Expenses | US$279.15m |
| Earnings | US$101.82m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.74 |
| Gross Margin | 100.00% |
| Net Profit Margin | 26.73% |
| Debt/Equity Ratio | 86.1% |
How did OCFC perform over the long term?
See historical performance and comparisonDividends
4.5%
Current Dividend Yield46%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 00:34 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
OceanFirst Financial Corp. is covered by 18 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Erik Zwick | Boenning & Scattergood, Inc. |
| Manuel Navas | D.A. Davidson & Co. |
| Russell Elliott Gunther | D.A. Davidson & Co. |