OCFC

OceanFirst FinancialNasdaqGS:OCFC Stock Report

Market Cap

US$1.2b

7D

-4.4%

1Y

43.1%

Updated

20 Sep, 2021

Data

Company Financials +
OCFC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends5/6

OCFC Overview

OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A.

OceanFirst Financial Competitors

Price History & Performance

Summary of all time highs, changes and price drops for OceanFirst Financial
Historical stock prices
Current Share PriceUS$19.81
52 Week HighUS$13.14
52 Week LowUS$25.76
Beta0.97
1 Month Change-6.42%
3 Month Change-5.22%
1 Year Change43.14%
3 Year Change-29.00%
5 Year Change3.72%
Change since IPO179.67%

Recent News & Updates

Aug 03
OceanFirst Financial (NASDAQ:OCFC) Is Due To Pay A Dividend Of US$0.17

OceanFirst Financial (NASDAQ:OCFC) Is Due To Pay A Dividend Of US$0.17

OceanFirst Financial Corp. ( NASDAQ:OCFC ) has announced that it will pay a dividend of US$0.17 per share on the 20th...

May 13
We Think Some Shareholders May Hesitate To Increase OceanFirst Financial Corp.'s (NASDAQ:OCFC) CEO Compensation

We Think Some Shareholders May Hesitate To Increase OceanFirst Financial Corp.'s (NASDAQ:OCFC) CEO Compensation

In the past three years, shareholders of OceanFirst Financial Corp. ( NASDAQ:OCFC ) have seen a loss on their...

Shareholder Returns

OCFCUS BanksUS Market
7D-4.4%0.9%-0.6%
1Y43.1%63.3%33.8%

Return vs Industry: OCFC underperformed the US Banks industry which returned 63.3% over the past year.

Return vs Market: OCFC exceeded the US Market which returned 33.8% over the past year.

Price Volatility

Is OCFC's price volatile compared to industry and market?
OCFC volatility
OCFC Beta0.97
Industry Beta1.37
Market Beta1

Stable Share Price: OCFC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: OCFC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1902979Chris Maherhttps://www.oceanfirst.com

OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services. The company accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. It 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; 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; and commercial and industrial loans, and lines of credit.

Valuation

Is OceanFirst Financial undervalued compared to its fair value and its price relative to the market?

41.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OCFC ($20.38) is trading below our estimate of fair value ($33.71)

Significantly Below Fair Value: OCFC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: OCFC is poor value based on its PE Ratio (13.9x) compared to the US Banks industry average (10.8x).

PE vs Market: OCFC is good value based on its PE Ratio (13.9x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: OCFC is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: OCFC is good value based on its PB Ratio (0.8x) compared to the US Banks industry average (1.1x).


Future Growth

How is OceanFirst Financial forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

12.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OCFC's forecast earnings growth (12.3% per year) is above the savings rate (2%).

Earnings vs Market: OCFC's earnings (12.3% per year) are forecast to grow slower than the US market (14.8% per year).

High Growth Earnings: OCFC's earnings are forecast to grow, but not significantly.

Revenue vs Market: OCFC's revenue (7.3% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: OCFC's revenue (7.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OCFC's Return on Equity is forecast to be low in 3 years time (8%).


Past Performance

How has OceanFirst Financial performed over the past 5 years?

23.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OCFC has high quality earnings.

Growing Profit Margin: OCFC's current net profit margins (24.9%) are lower than last year (26.7%).


Past Earnings Growth Analysis

Earnings Trend: OCFC's earnings have grown significantly by 23.6% per year over the past 5 years.

Accelerating Growth: OCFC's earnings growth over the past year (4.4%) is below its 5-year average (23.6% per year).

Earnings vs Industry: OCFC earnings growth over the past year (4.4%) underperformed the Banks industry 36%.


Return on Equity

High ROE: OCFC's Return on Equity (6.1%) is considered low.


Financial Health

How is OceanFirst Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: OCFC's Assets to Equity ratio (7.6x) is low.

Allowance for Bad Loans: OCFC has a sufficient allowance for bad loans (170%).

Low Risk Liabilities: 94% of OCFC's liabilities are made up of primarily low risk sources of funding.

Loan Level: OCFC has an appropriate level of Loans to Assets ratio (68%).

Low Risk Deposits: OCFC's Loans to Deposits ratio (83%) is appropriate.

Level of Bad Loans: OCFC has an appropriate level of bad loans (0.4%).


Dividend

What is OceanFirst Financial current dividend yield, its reliability and sustainability?

3.43%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: OCFC's dividend (3.34%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: OCFC's dividend (3.34%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: OCFC's dividends per share have been stable in the past 10 years.

Growing Dividend: OCFC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.6%), OCFC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: OCFC's dividends in 3 years are forecast to be well covered by earnings (32.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Chris Maher (54 yo)

6.67yrs

Tenure

US$2,962,985

Compensation

Mr. Christopher D. Maher, also known as Chris, serves as Director of Federal Reserve Bank of Philadelphia. Mr. Maher has been the Chief Executive Officer of OceanFirst Financial Corp and Bank since January...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD2.96M) is about average for companies of similar size in the US market ($USD3.69M).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: OCFC's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: OCFC's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: OCFC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

OceanFirst Financial Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: OceanFirst Financial Corp.
  • Ticker: OCFC
  • Exchange: NasdaqGS
  • Founded: 1902
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$1.212b
  • Shares outstanding: 59.45m
  • Website: https://www.oceanfirst.com

Number of Employees


Location

  • OceanFirst Financial Corp.
  • 110 West Front Street
  • Red Bank
  • New Jersey
  • 7701
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/20 22:29
End of Day Share Price2021/09/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.