OceanFirst Financial Corp.

NasdaqGS:OCFC Stock Report

Market Cap: US$1.2b

OceanFirst Financial Valuation

Is OCFC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of OCFC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OCFC ($20.32) is trading below our estimate of fair value ($27.82)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for OCFC?

Key metric: As OCFC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for OCFC. This is calculated by dividing OCFC's market cap by their current earnings.
What is OCFC's PE Ratio?
PE Ratio11.7x
EarningsUS$101.82m
Market CapUS$1.20b

Price to Earnings Ratio vs Peers

How does OCFC's PE Ratio compare to its peers?

The above table shows the PE ratio for OCFC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.3x
BRKL Brookline Bancorp
14.6x21.9%US$1.1b
CTBI Community Trust Bancorp
13.4x8.6%US$1.1b
SBSI Southside Bancshares
12.8x2.5%US$1.1b
GABC German American Bancorp
16.4x22.8%US$1.4b
OCFC OceanFirst Financial
11.7x6.1%US$1.2b

Price-To-Earnings vs Peers: OCFC is good value based on its Price-To-Earnings Ratio (11.7x) compared to the peer average (14.3x).


Price to Earnings Ratio vs Industry

How does OCFC's PE Ratio compare vs other companies in the US Banks Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FRCB First Republic Bank
0.02xn/aUS$27.98m
BKGM BankGuam Holding
1xn/aUS$18.48m
SBNY Signature Bank
0.002xn/aUS$2.18m
BCBH.F Caribbean Investment Holdings
0.00001xn/aUS$132.00
No more companies available in this PE range
OCFC 11.7xIndustry Avg. 12.9xNo. of Companies79PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OCFC is good value based on its Price-To-Earnings Ratio (11.7x) compared to the US Banks industry average (12.9x).


Price to Earnings Ratio vs Fair Ratio

What is OCFC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OCFC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.7x
Fair PE Ratio13x

Price-To-Earnings vs Fair Ratio: OCFC is good value based on its Price-To-Earnings Ratio (11.7x) compared to the estimated Fair Price-To-Earnings Ratio (13x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst OCFC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$20.32
US$21.21
+4.4%
7.5%US$23.00US$18.00n/a7
Nov ’25US$18.20
US$20.71
+13.8%
6.8%US$22.50US$18.00n/a7
Oct ’25US$17.88
US$19.79
+10.7%
8.6%US$22.50US$17.00n/a7
Sep ’25US$17.87
US$19.11
+6.9%
7.4%US$21.75US$17.00n/a7
Aug ’25US$17.28
US$19.11
+10.6%
7.4%US$21.75US$17.00n/a7
Jul ’25US$15.48
US$18.46
+19.3%
10.4%US$21.75US$16.00n/a7
Jun ’25US$15.05
US$18.71
+24.3%
11.2%US$22.00US$16.00n/a7
May ’25US$15.10
US$18.86
+24.9%
11.0%US$22.00US$16.00n/a7
Apr ’25US$15.81
US$20.43
+29.2%
10.1%US$22.00US$16.00n/a7
Mar ’25US$14.87
US$20.71
+39.3%
7.2%US$22.00US$18.00n/a7
Feb ’25US$16.72
US$20.71
+23.9%
7.2%US$22.00US$18.00n/a7
Jan ’25US$17.36
US$19.50
+12.3%
8.8%US$22.00US$17.00n/a6
Dec ’24US$14.84
US$17.83
+20.2%
13.5%US$20.00US$14.00n/a6
Nov ’24US$12.74
US$17.83
+40.0%
13.5%US$20.00US$14.00US$18.206
Oct ’24US$14.47
US$19.83
+37.1%
10.7%US$22.00US$17.00US$17.886
Sep ’24US$17.32
US$21.00
+21.2%
7.8%US$23.00US$18.00US$17.876
Aug ’24US$18.33
US$20.50
+11.8%
8.3%US$23.00US$18.00US$17.286
Jul ’24US$15.62
US$20.00
+28.0%
10.0%US$23.00US$17.00US$15.486
Jun ’24US$14.46
US$22.17
+53.3%
12.6%US$27.00US$19.00US$15.056
May ’24US$15.27
US$22.17
+45.2%
12.6%US$27.00US$19.00US$15.106
Apr ’24US$18.48
US$25.42
+37.5%
7.7%US$28.00US$22.00US$15.816
Mar ’24US$23.62
US$26.92
+14.0%
4.6%US$29.00US$25.50US$14.876
Feb ’24US$24.22
US$26.67
+10.1%
6.0%US$29.00US$24.00US$16.726
Jan ’24US$21.25
US$26.50
+24.7%
6.4%US$29.00US$24.00US$17.366
Dec ’23US$23.34
US$26.50
+13.5%
6.4%US$29.00US$24.00US$14.846
Nov ’23US$22.64
US$26.60
+17.5%
6.6%US$29.00US$24.00US$12.745

Analyst Forecast: Target price is less than 20% higher than the current share price.


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